Save This Search

Apartments for Rent in New Mexico under $1500

814 Rentals Available
Apartments for Rent in New Mexico under $1500. 814 Rentals Available
  • a living room with a couch and a table
    Today

    3011 Jane Pl NE, Albuquerque, NM 87111
    1 BED $848+
    2 BEDS $982+
  • 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+
  • 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
  • a kitchen and living room with a sink and a dining room table
    Today

    12720 Central Ave SE, Albuquerque, NM 87123
    1 BED Ask for Pricing
    2 BEDS $1,125+
  • a living room with a couch and a table with a bottle of wine
    Today

    3131 Adams Street NE, Albuquerque, NM 87110
    1 BED $1,139+
    2 BEDS $1,499+
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • a living room and dining room with a television and table
    Today

    1901 S. Sunset Ave., Roswell, NM 88203
    STUDIO Ask for Pricing
    1 BED $775
    2 BEDS $975
  • a kitchen with stainless steel appliances and wooden cabinets
    Today

    1907 San Jose Boulevard, Carlsbad, NM 88220
    1 BED $1,140+
    2 BEDS $1,285+
  • 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+
  • 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 living room with a fireplace and a table and chairs
    Today

    9270 Eagle Ranch Road NW, Albuquerque, NM 87114
    1 BED $1,310+
  • 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+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • 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 dining room with a couch and a table
    Today

    3608 Ladera Drive NW, Albuquerque, NM 87120
    1 BED $1,329+
    2 BEDS $1,474+
  • a small brick house with a garage and a toilet in the front
    Today

    2168 Santa Ana Ct, Portales, NM 88130
    4 BEDS $1,350
  • a living room with a couch and a tv
    Today

    2800 N Roadrunner Pkwy, Las Cruces, NM 88011
    1 BED $1,225
    2 BEDS $1,190+
    3 BEDS Ask for Pricing
  • 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+
  • a large living room with leather furniture and a pool
    Today

    2100 East Settlers Pass, Hobbs, NM 88240
    1 BED $1,035
    2 BEDS $1,315
  • a living room with a couch and a dining room table
    Today

    301 N. ROADRUNNER PKWY, LAS CRUCES, NM 88011
    1 BED $1,005+
    2 BEDS $1,215+
  • a living room with a couch and a table
    Today

    900 Country Club, Rio Rancho, NM 87124
    STUDIO Ask for Pricing
    1 BED $1,144
    2 BEDS $1,419+
  • 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+
  • an exterior view of a building with a staircase
    Today

    2800 Lexington Pl NE, Albuquerque, NM 87112
    STUDIO $720+
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • 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 table and chairs and a fireplace
    Today

    7100 Louisiana Blvd NE, Albuquerque, NM 87109
    1 BED $1,275+
  • a living room with a fireplace and a wooden table
    Today

    4601 Montano Road NW, Albuquerque, NM 87120
    1 BED $1,209+
    2 BEDS $1,379+
  • a blue and silver circle with the middle of the logo for the middle east group
    Today

    3923 4Th Street NW, Albuquerque, NM 87107
    1 BED $650
111-0-state
You viewed 416 of 814 rentals.

Save Search

Getting around in New Mexico, NM

15 /100
Somewhat Bikeable
Bike Score®: 15

Frequently asked questions

When were prices and availability in New Mexico last updated?

Prices and availability in New Mexico were last updated on 23 Feb 2026.

What are the best apartments in New Mexico?

The best apartments in New Mexico are: Rancho Carrera Apartments, The Retreat at Candelaria, Canyon Village, Cresta North Valley and Generations at West Mesa.

What type of rental buildings are in New Mexico?

In New Mexico 31% of the housing is rented out compared to 69% of homes are owned, according to the most recent Census Bureau estimates. 9% of New Mexico's apartments are found in large buildings of 50 units or more, 43% are located in smaller apartment complexes with less than 50 units, and 36% are single-family rentals.

Apartments in New Mexico under $1,500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 814 apartments for rent in New Mexico on which you’ll spend less than $1,500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,500. The average rental size in New Mexico is 815 Sqft, but the $1,500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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