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Cheap Apartments for Rent in New Mexico

547 Rentals Available
Cheap Apartments for Rent in New Mexico. 547 Rentals Available
Apartments Under $500 Apartments Under $600 Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000

Apartments Under $500

  • a building with a sign and a tree in front of it
    Today

    1500 Pacheco Street, Sante Fe, NM 87505
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing

Apartments Under $600

  • a row of brick buildings with white doors and windows
    Today

    255 W. Madrid Avenue, Las Cruces, NM 88005
    1 BED $550
    2 BEDS $550+
  • a living room and dining room with a table and chairs
    Today

    601 Coal Ave. SW, Albuquerque, NM 87102
    STUDIO $599+
    1 BED $680+
    2 BEDS $986+

Apartments Under $700

  • a kitchen and living room with white cabinets and a table and chairs
    Today

    2223 Missouri Ave,, Las Cruces, NM 88001
    1 BED $675
    2 BEDS $725
  • a living room with a couch and a coffee table
    Today

    2935 Claude Dove Dr., La Cruces, NM 88011
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    4515 Arrowhead Ridge Dr. SE Ste 1, Rio Rancho, NM 87124
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room and kitchen with a couch and a coffee table
    Today

    7220 Central Ave SE, Albuquerque, NM 87108
    STUDIO $691+
    1 BED $773+
    2 BEDS $996+

Apartments Under $800

  • a living room and kitchen with a couch and a table
    Today

    7601 Lomas Blvd. NE, Albuquerque, NM 87110
    STUDIO $725
    1 BED Ask for Pricing
  • the preserve at ballantyne commons apartment kitchen with sink and white cabinets
    Today

    1311 Louisiana Blvd NE, Albuquerque, NM 87110
    STUDIO $735+
    1 BED $950
    2 BEDS $1,200
  • a living room with a couch and a table and a television
    Today

    810 Eubank Blvd NE, Albuquerque, NM 87123
    STUDIO $750+
    1 BED Ask for Pricing
  • an apartment building with cars parked in front of it
    Today

    1410 Chaparro St., Las Cruces, NM 88001
    1 BED $750+
    2 BEDS $900
    3 BEDS Ask for Pricing
  • a living room and kitchen with a couch and a table
    Today

    121 Cardenas NE, Albuquerque, NM 87108
    1 BED $761
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  • an open living room with a blue couch and a fireplace
    Today

    2330 Nevada Ave, Las Cruces, NM 88001
    1 BED $775+
    2 BEDS $980+
  • a living room with a couch and a glass coffee table
    Today

    4501 Shepard Road NE, Albuquerque, NM 87110
    STUDIO $780
    1 BED $799+
    2 BEDS $1,069+
  • the living room and dining room of an apartment
    Today

    1200 Louisiana Blvd NE, Albuquerque, NM 87110
    STUDIO $795
    1 BED $825+
  • a kitchen with white cabinets and a sink and a stove
    Today

    1001 Louisiana Blvd NE, Albuquerque, NM 87108
    STUDIO $795
    1 BED $850+
    2 BEDS $1,200
  • a playground in a courtyard of a building in a city
    Today

    5710 Avalon Road NW, Albuquerque, NM 87105
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing

Apartments Under $900

  • an empty kitchen with white appliances and dark wood cabinets
    Today

    3333 Majestic Rdg, Las Cruces, NM 88011
    1 BED $825
    2 BEDS $925
    3 BEDS $1,025
  • the living room and dining area of an apartment with a couch and a table
    Today

    801 Locust Place NE, Albuquerque, NM 87102
    STUDIO $825+
    1 BED $981+
    2 BEDS $1,276+
  • a living room with two couches and a rug
    Today

    3135 Comanche Rd NE, Albuquerque, NM 87107
    STUDIO $845
    1 BED $945
    2 BEDS $1,130
  • a living room with a couch and a coffee table
    Today

    3400 Comanche Road NE, Albuquerque, NM 87107
    STUDIO $845+
    1 BED $969+
    2 BEDS $1,289+
  • a living room with a couch and a table
    Today

    3011 Jane Pl NE, Albuquerque, NM 87111
    1 BED $848+
    2 BEDS $982+
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  • an empty living room with wood flooring and a window
    Today

    1036 Alvarado Drive Southeast, Albuquerque, NM 87108
    1 BED $850
    2 BEDS $1,025
  • a view of the pool from the balcony of an apartment building
    Today

    1201 Madeira Dr. SE, Albuquerque, NM 87108
    1 BED $859
  • a living room with a couch a chair and a table
    Today

    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    1 BED $865+
    2 BEDS $1,015+
  • our apartments offer a living room and dining room with a white couch
    Today

    4401 San Pedro Dr. NE, Albuquerque, NM 87109
    STUDIO $889+
    1 BED $955+
    2 BEDS $1,257+
  • a living room with a couch and a coffee table
    Today

    8401 Spain Road NE, Albuquerque, NM 87111
    1 BED $890+
    2 BEDS $1,280+
  • a living room with couches and a fireplace
    Today

    12021 Skyline Road NE, Albuquerque, NM 87123
    1 BED $896+
    2 BEDS $1,132+
    3 BEDS $1,414
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  • a living room and kitchen with a couch and a table
    Today

    3308 4Th NW, Albuquerque, NM 87107
    STUDIO $899+
    1 BED $1,125+
    2 BEDS $1,333+

Apartments Under $1,000

  • the front of a building with stairs and a gate
    Today

    305 Princeton Dr SE, Albuquerque, NM 87106
    STUDIO $900
    1 BED $1,000+
  • a living room with couches and chairs and a table
    Today

    1919 Ladera Dr NW, Albuquerque, NM 87120
    1 BED $900
    2 BEDS $1,080
    3 BEDS $1,246
  • a living room with a blue couch and a chair
    Today

    3400 Wyoming Blvd, Albuquerque, NM 87111
    1 BED $905+
    2 BEDS $1,385+
    3 BEDS Ask for Pricing
  • a living room with furniture and a sliding glass door to a patio
    Today

    8911 Northeastern Blvd NE, Albuquerque, NM 87112
    STUDIO $910+
    1 BED $1,075+
    2 BEDS $1,250+
  • a living room with a couch and a coffee table
    Today

    6801 Los Volcanes Road, Albuquerque, NM 87121
    STUDIO $930+
    1 BED $1,060+
    2 BEDS $1,125+
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  • a courtyard between two buildings with trees and a rock
    Today

    Cedar Crest Apartments, Gallup, NM 87301
    2 BEDS $950
  • a stainless steel sink in a kitchen with a wooden counter top
    Today

    760 Juan Tabo Blvd NE, Albuquerque, NM 87123
    STUDIO $950
    1 BED $1,100
    2 BEDS $1,150+
  • a living room with a table and chairs and a fireplace
    Today

    8000 Montgomery NE, Albuquerque, NM 87109
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    3901 Lafayette Dr NE, Albuquerque, NM 87107
    1 BED $972
    2 BEDS $967+
    3 BEDS $1,198+
  • a living room and dining room with a table and a television
    Today

    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    1 BED $1,061
    2 BEDS $978+
  • a living room with a couch and chairs and a desk
    Today

    2201 Ambassador Road NE, Albuquerque, NM 87112
    1 BED $980+
    2 BEDS $1,190
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  • an empty kitchen with stainless steel appliances and white cabinets
    Today

    6134 4Th Street NW, Albuquerque, NM 87107
    STUDIO $991+
    1 BED $1,162+
    2 BEDS $1,413+
  • a living room with a couch and a coffee table
    Today

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    1 BED $995+
    2 BEDS $1,230+
  • a living room and dining room with a table and chairs
    Today

    9125 Copper Ave NE, Albuquerque, NM 87123
    STUDIO $995+
    1 BED $1,095+
    2 BEDS $1,395
  • a living room with a couch and a coffee table
    Today

    10600 Cibola Loop NW, Albuquerque, NM 87114
    STUDIO $1,025+
    1 BED $1,123+
    2 BEDS $1,231+
  • a living room with a couch and a table
    Today

    6001 Topke Place NE, Albuquerque, NM 87109
    1 BED $1,029+
    2 BEDS $1,079+
    3 BEDS $1,525
  • the living room and kitchen of an apartment with a wood floor and a fireplace
    Today

    1330 Louisiana Blvd, Albuquerque, NM 87110
    STUDIO Ask for Pricing
    1 BED $1,050
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    1501 Tramway Blvd. NE, Albuquerque, NM 87112
    1 BED $1,057+
    2 BEDS $1,260+
    3 BEDS $1,600+
  • a kitchen with white counter tops and black appliances
    Today

    3500 Foothills Rd #C10, Las Cruces, NM 88011
    1 BED Ask for Pricing
    2 BEDS $1,100+
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  • a kitchen with a stove and a refrigerator
    Today

    1355 Meadowlark Ln SE, Rio Rancho, NM 87124
    1 BED $1,137
    2 BEDS Ask for Pricing
  • a living room and dining room with a couch and a table
    Today

    8200 Bridge Blvd SW, Albuquerque, NM 87121
    1 BED Ask for Pricing
    2 BEDS $1,178+
    3 BEDS $1,359+
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Getting around in New Mexico, NM

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Bike Score®: 15

Frequently asked questions

What is the price of a cheap apartment in New Mexico?

The price range of a cheap apartment is between $550 and $3,397.

How many cheap rentals are available in New Mexico on RentCafe?

There are 361 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 24 Feb 2026.

What is the average size of a cheap apartment in New Mexico?

The average New Mexico cheap apartment size is 748 sq. ft.

What are the advantages of renting a cheap apartment in New Mexico?

Cheap apartments in New Mexico are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in New Mexico?

A cheap apartment in New Mexico offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in New Mexico? With RentCafe, finding an affordable apartment in New Mexico has never been easier. We feature 547 low-priced rentals directly from property managers, with rents lower than the New Mexico average. What is a cheap rent in New Mexico? The average apartment rent in New Mexico is $1,388 per month so any rental south of $1,110 would be considered cheap here. On RentCafe, New Mexico rents go as low as $550/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!