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Apartments for Rent in New Mexico under $700

21 Rentals Available
Apartments for Rent in New Mexico under $700. 21 Rentals Available
  • 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
  • a kitchen and living room with white cabinets and a table and chairs
    Today

    2223 Missouri Ave,, Las Cruces, NM 88001
    1 BED $675
  • the logo for the northeast group of schools
    Today

    410 Headingly Ave NW, Albuquerque, NM 87107
    STUDIO $690
    1 BED $650
  • a living room and kitchen with a couch and a coffee table
    Today

    7220 Central Ave SE, Albuquerque, NM 87108
    STUDIO $691+
  • a living room with a couch and a coffee table
    Today

    2935 Claude Dove Dr., La Cruces, NM 88011
    1 BED Ask for pricing
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  • 210-214 Cedar Hills Dr. 2 Beds Apartment for Rent
    Today

    210-214 Cedar Hills Dr., Gallup, NM 87301
    2 BEDS $515+
  • a small building with a fence and a sign on it
    Today

    760 E. Chestnut Avenue, Las Cruces, NM 88001
    STUDIO $70+
  • a white car parked in front of a house
    Today

    1334 S. Espina, Las Cruces, NM 88001
    1 BED $565+
    2 BEDS $650
  • 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 parking lot in front of a shopping center with cars parked
    Today

    La Mission Plaza, Las Cruces, NM 88005
    STUDIO $645+
  • a playground with a slide and
    Today

    2821 Mountain RD, NW, Albuquerque, NM 87104
    Income Restricted
    1 BED Ask for pricing
  • Interactive banner bedroom
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  • 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
  • a sign that says home park in front of a building
    Today

    8501 San Joaquin Ave SE, Albuquerque, NM 87108
    STUDIO $500
  • 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
  • a living room and dining room with a table and chairs
    Today

    601 Coal Ave. SW, Albuquerque, NM 87102
    STUDIO $599+
    1 BED $680+
  • a park with a playground and a tree
    Today

    901 Tramway Blvd. NE, Albuquerque, NM 87123
    Income Restricted
    1 BED Ask for pricing
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
  • an empty playground in front of an apartment building
    Today

    1200 Dickerson SE, Albuquerque, NM 87106
    STUDIO Ask for pricing
    1 BED Ask for pricing
    2 BEDS Ask for pricing
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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 15 Apr 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.

Apartments in New Mexico under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” 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 21 apartments for rent in New Mexico on which you’ll spend less than $700. 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 $700

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 $700. The average rental size in New Mexico is 830 Sqft, but the $700 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!