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
City Club members share insider gate codes, parking links, and amenity tips.
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.
Elevated Management Group
203 Rio Grande Blvd NW Suite #3, Albuquerque, NM 87104, USA
The Cedars Apartments
1700 Indian Plaza Dr NE, Albuquerque, NM 87106, USA
Desert Creek Apartments
4300 Pan American Fwy NE, Albuquerque, NM 87107, USA
Nova View
1330 Louisiana Blvd NE, Albuquerque, NM 87110, USA
Union 505 Apartments
801 Locust Pl NE, Albuquerque, NM 87102, USA
Comanche Wells
3400 Comanche Rd NE, Albuquerque, NM 87107, USA
The Village at Sandia
12899 Central Ave NE, Albuquerque, NM 87121, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Elevated Management Group 203 Rio Grande Blvd NW Suite #3, Albuquerque, NM 87104, USA | $625 | $1,185 | $1.31 | 3.4 (272) | 20 |
| 2 | The Cedars Apartments 1700 Indian Plaza Dr NE, Albuquerque, NM 87106, USA | $724 | $850 | $1.63 | 3.5 (59) | 10 |
| 3 | Desert Creek Apartments 4300 Pan American Fwy NE, Albuquerque, NM 87107, USA | $725 | $1,090 | $1.60 | 3.3 (189) | 13 |
| 4 | Nova View 1330 Louisiana Blvd NE, Albuquerque, NM 87110, USA | $750 | $964 | $1.59 | 4 (76) | 7 |
| 5 | Union 505 Apartments 801 Locust Pl NE, Albuquerque, NM 87102, USA | $756 | $1,168 | $2.06 | 2.6 (502) | 5 |
| 6 | Comanche Wells 3400 Comanche Rd NE, Albuquerque, NM 87107, USA | $758 | $996 | $1.71 | 3.1 (118) | 10 |
| 7 | The Village at Sandia 12899 Central Ave NE, Albuquerque, NM 87121, USA | $765 | $1,002 | $1.50 | 3.5 (40) | 15 |
Explore Each Property
Elevated Management Group
3.4 (272)203 Rio Grande Blvd NW Suite #3, Albuquerque, NM 87104, USA
The Cedars Apartments
3.5 (59)1700 Indian Plaza Dr NE, Albuquerque, NM 87106, USA
Desert Creek Apartments
3.3 (189)4300 Pan American Fwy NE, Albuquerque, NM 87107, USA
Nova View
4 (76)1330 Louisiana Blvd NE, Albuquerque, NM 87110, USA
Union 505 Apartments
2.6 (502)801 Locust Pl NE, Albuquerque, NM 87102, USA
Comanche Wells
3.1 (118)3400 Comanche Rd NE, Albuquerque, NM 87107, USA
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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