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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 124 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,501/mo

▼ 3.3% from last month

Lowest Available

$625/mo

cheapest unit on market

Communities

124

tracked daily

Units Listed

1252

available now

Rent by Neighborhood in Albuquerque, NM

Compare average rent across Albuquerque, NM neighborhoods. Click any area to see detailed trends.

Neighborhood Avg Rent From Properties Units
Alameda $1,876 $1,065 4 68
Paradise Hills Civic $1,671 $1,054 14 259
Elena Gallegos Grant $1,628 $925 14 129
Taylor Ranch $1,620 $1,008 13 89
Vista Encantada $1,583 $750 8 68
Rhodes Acres $1,490 $806 23 225
Broadway Central Corridor Partnership $1,379 $756 7 47

Is Rent Going Up or Down in Albuquerque, NM?

As of June 2026, the average rent in Albuquerque, NM is $1,501 per month across 124 apartment communities and 1252 available units. Rents have decreased $48 (3.3%) over the past month.

The most affordable option is Elevated Management Group starting at $625/mo. By unit type, a studio averages $1,180/mo, a 1-bedroom averages $1,354/mo, a 2-bedroom averages $1,602/mo, a 3-bedroom averages $1,926/mo, a 4-bedroom averages $1,756/mo.

Prices range from $625 to $3,523 per month. The most common price point is the $1,200 range, where 235 units are currently listed.

Albuquerque, NM Rent Price History

Window

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Albuquerque, NM

Studio
$1,180
from $724 · 104 units
1 Bed
$1,354
from $625 · 481 units
2 Bed
$1,602
from $775 · 550 units
3 Bed
$1,926
from $1,229 · 112 units
4 Bed
$1,756
from $1,575 · 5 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Elevated Management Group $625/mo $1,185/mo 20 3.4
The Cedars Apartments $724/mo $850/mo 10 3.5
Desert Creek Apartments $725/mo $1,090/mo 13 3.3
Nova View $750/mo $964/mo 7 4
Union 505 Apartments $756/mo $1,168/mo 5 2.6
The Village at Sandia $765/mo $1,002/mo 15 3.5
The Villas @ Uptown $800/mo $1,000/mo 2 3

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,501 per month as of June 2026, based on 1252 units across 124 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has decreased $48 (3.3%) over the past month. The current average is $1,501/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Elevated Management Group with units starting at $625/mo.

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

A 1-bedroom apartment in Albuquerque, NM averages $1,354/mo, with prices starting at $625/mo across 481 available units.

How many apartments are available in Albuquerque, NM?

There are 1252 units available across 124 apartment communities in Albuquerque, NM.

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 $1,501/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) $1,501
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,471/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.

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