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Cheap Apartments for Rent in New Mexico

Cheap Apartments for Rent in New Mexico. 569 Rentals Available
569 Rentals Available
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  • a living room with a couch and a ceiling fan
    Rent specials 19 units available
    1 bd $1,112+
    2 bd $1,475+
    3 bd $1,762+
    Base rent
    Verified Listing

    7600 Montgomery Boulevard NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • a kitchen and living room with a sink and a dining room table
    Rent specials 5 units available
    2 bd $1,125+
    Base rent
    Verified Listing

    12720 Central Ave SE, Albuquerque, NM 87123
    Apply online • Pet friendly
  • a kitchen with stainless steel appliances and wooden cabinets
    1 bd $1,140+
    2 bd $1,285+
    3 bd $1,855+
    Base rent
    Verified Listing

    1907 San Jose Boulevard, Carlsbad, NM 88220
    Apply online • Pet friendly
53-0-state
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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 363 cheap rentals available on RentCafe. Prices and availability in New Mexico were last updated on 6 Jun 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.