Apartments for Rent in New Mexico under $500
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Studio $70+Base rent760 E. Chestnut Avenue, Las Cruces, NM 88001Pet friendly
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Ask for pricing1500 Pacheco Street, Sante Fe, NM 87505Pet friendly
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Studio $500Base rent8501 San Joaquin Ave SE, Albuquerque, NM 87108Pet friendly -
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Frequently asked questions
When were prices and availability in New Mexico last updated?
Prices and availability in New Mexico were last updated on 5 Jun 2026.
What are the best apartments in New Mexico?
The best apartments in New Mexico are: Broadstone Towne Center, Rancho Carrera Apartments, The Retreat at Candelaria, Canyon Village and Cresta North Valley.
What type of rental buildings are in New Mexico?
In New Mexico, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of New Mexico's rentals, 44% are small-scale complexes with under 50 units, and 34% are single-family rentals.