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Updated

Average Rent in Albuquerque, NM

125 apartment buildings, 1252 units. Real asking prices, refreshed daily. 19 more available with Average Rent Pro

Avg Rent

$1,503/mo

market average

Cheapest

$625/mo

Elevated Management Group

Properties

125

tracked daily

Units

1252

available now

Albuquerque, NM Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 125 properties in Albuquerque, NM.

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Albuquerque, NM Rent Prices

All 125 properties ranked by lowest available rent.

#1 3.4 (272)

Elevated Management Group

203 Rio Grande Blvd NW Suite #3, Albuquerque, NM 87104, USA

From $625/mo
Avg $1,185 20 units
#2 3.5 (59)

The Cedars Apartments

1700 Indian Plaza Dr NE, Albuquerque, NM 87106, USA

From $724/mo
Avg $850 10 units
#3 3.3 (189)

Desert Creek Apartments

4300 Pan American Fwy NE, Albuquerque, NM 87107, USA

From $725/mo
Avg $1,090 13 units
#4 4 (76)

Nova View

1330 Louisiana Blvd NE, Albuquerque, NM 87110, USA

From $750/mo
Avg $964 7 units
#5 2.6 (502)

Union 505 Apartments

801 Locust Pl NE, Albuquerque, NM 87102, USA

From $756/mo
Avg $1,168 5 units
#6 3.1 (118)

Comanche Wells

3400 Comanche Rd NE, Albuquerque, NM 87107, USA

From $758/mo
Avg $996 10 units
#7 3.5 (40)

The Village at Sandia

12899 Central Ave NE, Albuquerque, NM 87121, USA

From $765/mo
Avg $1,002 15 units

Explore Each Property

Elevated Management Group apartments in Albuquerque, NM

Elevated Management Group

3.4 (272)

203 Rio Grande Blvd NW Suite #3, Albuquerque, NM 87104, USA

From $625/mo
20 units
The Cedars Apartments apartments in Albuquerque, NM

The Cedars Apartments

3.5 (59)

1700 Indian Plaza Dr NE, Albuquerque, NM 87106, USA

From $724/mo
10 units
Desert Creek Apartments apartments in Albuquerque, NM

Desert Creek Apartments

3.3 (189)

4300 Pan American Fwy NE, Albuquerque, NM 87107, USA

From $725/mo
13 units
Nova View apartments in Albuquerque, NM

Nova View

4 (76)

1330 Louisiana Blvd NE, Albuquerque, NM 87110, USA

From $750/mo
7 units
Union 505 Apartments apartments in Albuquerque, NM

Union 505 Apartments

2.6 (502)

801 Locust Pl NE, Albuquerque, NM 87102, USA

From $756/mo
5 units
Comanche Wells apartments in Albuquerque, NM

Comanche Wells

3.1 (118)

3400 Comanche Rd NE, Albuquerque, NM 87107, USA

From $758/mo
10 units

Albuquerque, NM Average Rent Prices 2026

The average rent in Albuquerque, NM is $1,503 per month, based on 1252 units across 125 apartment communities. Prices range from $625 at Elevated Management Group to $2,750 at Montecito.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,165/mo $724/mo 99
1 Bed $1,357/mo $625/mo 487
2 Bed $1,604/mo $775/mo 548
3 Bed $1,925/mo $1,229/mo 113
4 Bed $1,738/mo $1,575/mo 5

Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

Market Context

Who rents in Albuquerque, NM, and what they pay

Tracked one-bedroom rent in Albuquerque, NM averages $1,357/mo, with two-bedroom units averaging $1,604/mo. At the local median household income of $65,604, that works out to 27% of gross income, near the 30 percent affordability ceiling.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Albuquerque, NM at $1,085/mo. The current tracked market average runs 39% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Albuquerque, NM while the tracked market average covers units currently listed in larger apartment communities.

Who employs renters in Albuquerque

Demand in the Albuquerque rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:

  • Sandia National Laboratories
  • Kirtland Air Force Base
  • University of New Mexico
  • Presbyterian Healthcare

Mean one-way commute in Albuquerque, NM is 22 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.

What salary do I need to live comfortably in Albuquerque, NM?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$60,000/year

Based on the 30 percent rule, using our tracked average rent of $1,503/mo.

Comfortable income

$72,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($625/mo), you need to earn at least $25,000/year.

Median household income in Albuquerque, NM is $65,604 , about 9% below the comfortable-living threshold.

Cost of living in Albuquerque, NM

Overall prices in Albuquerque, NM runs below the national average by about 6% (BEA Regional Price Parity index 93.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Albuquerque, NM's regional price parities.

Category Monthly estimate
Rent (market average) $1,503
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,473/mo

Population

562,488

Median household income

$65,604

Census median rent

$1,085/mo

Rent as % of income

31.1%

Median age

38.7

Mean commute

22 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Compare

Nearby cities in New Mexico

How Albuquerque, NM rent compares to other markets in the state.

City Avg Rent vs Albuquerque, NM Properties
Las Cruces, NM $1,333 -11% 10
Rio Rancho, NM $2,029 +35% 8
Santa FE, NM $2,124 +41% 7

Frequently asked questions

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,503 per month, based on 1252 units across 125 apartment buildings tracked by Average Rent. Prices are refreshed daily.

What is the cheapest apartment rent in Albuquerque, NM?

The lowest available rent in Albuquerque, NM starts at $625 per month. Availability changes daily and prices are refreshed each morning.

How much is a 1-bedroom apartment in Albuquerque, NM?

1-bedroom apartments in Albuquerque, NM average $1,357/mo. The lowest listed 1-bedroom starts at $625/mo across 487 units tracked.

How much is a 2-bedroom apartment in Albuquerque, NM?

2-bedroom apartments in Albuquerque, NM average $1,604/mo. Units start from $775/mo across 548 units currently listed.

Rent Trends in Albuquerque, NM

Track how apartment prices are changing over time.

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