The average monthly rent of apartments in Los Lunas, NM is $1,471.
Compared to the national average rent of $1,718, the average rent in Los Lunas, NM is $1,471.
Prices and availability in Los Lunas, NM were last updated on 26 Mar 2024.
The best apartment in Los Lunas, NM is: 88 Tome Vista Dr.
The average rent in Los Lunas, NM is $1,471. Start your search for apartments in Los Lunas, NM now.
In Los Lunas, 23% of the residents are renting compared to 77% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 2% of Los Lunas’s rentals, 34% are small-scale complexes with under 50 units, and 53% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Los Lunas are about 19 years old, on average. Of these, all have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Los Lunas are around 0% of rentals, while 1-bedroom floor plans represent 0% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Los Lunas is a small desert town located in central New Mexico just east of the Rio Grande River, approximately 25 miles south of Albuquerque. Many renters in Los Lunas love the area’s warm weather and beautiful desert scenery. Temperatures remain warm throughout the year and precipitation is rare. Just west of Los Lunas is a popular desert preserve and hiking area, making this a popular place to rent for outdoor enthusiasts. Although Los Lunas is a small town, it has been growing in recent years as jobs have moved into the area. In fact, Facebook recently opened a data center in Los Lunas, and the area is also home to a major Walmart distribution center, both of which have enticed professionals to rent in the area. Many families also choose to rent in Los Lunas due to the high-quality schools.
Los Lunas is a very residential community consisting mostly of single-family homes with just a few apartment complexes. Many of the rental homes in the area are part of brand-new developments and tend to have very spacious outdoor areas to take advantage of the city’s beautiful weather. There are also a variety of different architectural styles in the area, ranging from Mediterranean to Pueblo to modern. Renters will find properties of all sizes in Los Lunas, ranging from compact bungalows to multi-story houses with four or more bedrooms. Although these properties are quite spacious, they also tend to be more affordable than comparable rentals in larger cities. And, because most Los Lunas residents own their homes, there aren’t very many rentals on the market, so competition for homes or apartments can be high.
Many new shopping options have emerged in Los Lunas in recent years as the town has developed. Most notably, there’s Walmart, The Home Depot, and Lowe’s in the area, so local renters have easy access to home goods and tools. Note that there isn’t currently a mall in Los Lunas, and the nearest options are in Albuquerque. Walmart is the town’s largest grocery store, but Los Lunas also has several drugstores and local markets where renters can purchase groceries. For even more grocery options, renters can visit Smith’s or Albertson’s in nearby Valencia, which is directly across the Rio Grande from Los Lunas.
Most renters in Los Lunas opt to have a car, as it’s the easiest way to navigate the area’s sprawling desert neighborhoods. Plus, the city is located directly off of I-25, making for an easy commute to Albuquerque or other nearby towns. Accordingly, apartments and businesses in Los Lunas offer plenty of parking to accommodate drivers. An alternative commute option for local renters is the Rail Runner commuter train, which stops in Los Lunas. This train provides service to downtown Albuquerque, Santa Fe and many points in between. There are also three local bus routes that serve the commercial corridors of Los Lunas. Finally, for renters who travel by plane, the nearest commercial airport is the Albuquerque International Sunport, and Amtrak service is also available from downtown Albuquerque.
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