Albuquerque, NM Rental Market Trends
What is the average rent in Albuquerque?
The average rent for an apartment in Albuquerque is $1,379. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Albuquerque, NM
Last updated April 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,379 | 820 sq. ft. |
What is the average apartment size in Albuquerque?
The average size for a Albuquerque, NM apartment is 820 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Albuquerque, NM apartment rent ranges
Albuquerque, NM Occupied Housing Units
93,192 or 38% of the households in Albuquerque, NM are renter-occupied while 148,925 or 62% are owner-occupied.
Albuquerque, NM rent trends
Average Rent in Albuquerque, NM By Neighborhood
| City | Average Rent |
|---|---|
| Clayton Heights - Lomas Del Cielo | $2,416 |
| Stonebridge | $2,095 |
| Nor Este | $2,050 |
| San Jose | $2,010 |
| Antelope Run | $1,844 |
| Southeast Heights | $1,730 |
| Tres Placitas | $1,660 |
| University Heights - North Campus | $1,651 |
| Academy Ridge East | $1,647 |
| Taylor Ranch | $1,625 |
| Trails West | $1,603 |
| Huning Castle | $1,562 |
| Cottonwood Corners | $1,492 |
| Eagle Ranch | $1,474 |
| Academy Estates East | $1,457 |
| Stardust Skies | $1,449 |
| Osuna Park | $1,424 |
| Oso Grande - Lincoln Green | $1,397 |
| Academy Place | $1,379 |
| Academy Acres North | $1,352 |
| ElDorado Heights | $1,348 |
| S.R. Marmon | $1,346 |
| Royal Heights North - Breeze at South Peak | $1,343 |
| Andreson Hills | $1,336 |
| Near North Valley | $1,324 |
| Quail Ridge - Grandview Heights | $1,308 |
| Sycamore | $1,307 |
| Del Norte | $1,253 |
| Uptown Albuquerque | $1,236 |
| Hodgin | $1,212 |
| Arroyo Del Oso | $1,179 |
| Downtown Albuquerque | $1,150 |
| Montgomery Park | $1,121 |
| Los Volcanes | $1,106 |
| North Eastern Albuquerque | $1,091 |
| Supper Rock - Eastrange Piedra Vista | $1,088 |
| McKinley | $1,080 |
| Manzano Manor | $1,078 |
| Santa Barbara - Martineztown | $1,065 |
| Cielito Lindo - Candlelight Park | $1,048 |
| Netherwood Park | $1,045 |
| Singing Arrow | $1,043 |
| Montgomery Heights - Luecking Park | $1,031 |
| West Mesa | $1,031 |
| Jerry Cline Park | $1,005 |
| South San Pedro | $985 |
| Princess Jeanne | $942 |
| Mark Twain | $895 |
| Trumbull Village | $851 |
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What are the most affordable neighborhoods in Albuquerque?
The most affordable neighborhoods in Albuquerque are Trumbull Village, where the average rent goes for $851/month, Mark Twain, where renters pay $895/mo on average, and Princess Jeanne, where the average rent goes for $942/mo. If you’re looking for other great deals, check out the listings from South San Pedro ($985), Jerry Cline Park ($1,005), and West Mesa ($1,031), where the asking prices are below the average Albuquerque rent of $1,379/mo.
What are the most expensive neighborhoods in Albuquerque?
The most expensive neighborhoods in Albuquerque are Nor Este ($2,050), Stonebridge ($2,095) and Clayton Heights - Lomas Del Cielo ($2,416).
What are the most popular neighborhoods in Albuquerque?
The most popular neighborhood in Albuquerque is Del Norte, where there are 5 listings with an average rent of $1,253. Next up is Downtown Albuquerque, where apartments go for $1,150/month, followed by Tres Placitas with $1,660 If you’re looking to rent in Albuquerque’s most popular neighborhoods, make sure to also check out Andreson Hills, where renters pay $1,336 on average, and Cottonwood Corners, where the average monthly rent is $1,492.
Albuquerque | Rent Comparison by Neighborhood
Rent in Academy Acres North is 7% lower than in Academy Estates East
$1,352
Academy Acres North rent is 2% lower than Albuquerque average
Average Rent
$1,352
$1,457
Academy Estates East rent is 6% higher than Albuquerque average
Average Rent
$1,457
How Albuquerque Compares to Other Cities
| State | Average Rent |
|---|---|
| Albuquerque | $1,379 |
| Las Cruces | $1,227 |
| Santa Fe | $1,799 |
| Rio Rancho | $1,613 |
| Alamogordo | $1,014 |
| Los Alamos | $1,851 |
| Santa Teresa | $1,129 |
What is the average price for a storage unit in Albuquerque?
The average rent for a non-climate-controlled 10'x10' storage unit in Albuquerque is $139.53. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Albuquerque
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Arterra
8300 Wyoming Boulevard NE, Albuquerque, NM 87113| 1 BED | $1,405+ |
| 2 BEDS | $1,735+ |
| 3 BEDS | $1,980+ |
Broadstone Towne Center
1801 Gibson Blvd SE, Albuquerque, NM 87106| 1 BED | $1,720+ |
| 2 BEDS | $1,825 |
| 3 BEDS | $2,070+ |
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Altezza High Desert
6000 NE Cortaderia Street, Albuquerque, NM 87111| 1 BED | $1,500+ |
| 2 BEDS | $1,670+ |
| 3 BEDS | $2,060+ |