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Apartments for Rent in Albuquerque, NM
765 Rentals Available

  • 1 day ago

    11019 Del Carmen Street NW, Albuquerque, NM 87114
    3 BEDS $2,300
  • Today

    9251 Eagle Ranch Rd. NW, Albuquerque, NM 87114
    1 BED Ask for Pricing
    2 BEDS $1,250
    3 BEDS Ask for Pricing
  • Today

    901 Tramway Blvd. NE, Albuquerque, NM 87123
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • Today

    703 Ridgecrest Dr. SE, Albuquerque, NM 87108
    3 BEDS $1,800
  • Today

    1200 Dickerson SE, Albuquerque, NM 87106
    Studio Ask for Pricing
    1 BED Ask for Pricing
    2+ BEDS Ask for Pricing
  • 24 days ago

    4602 VALLEY GARDEN DR, ALBUQUERQUE, NM 87105
    4 BEDS Ask for Pricing
  • 24 days ago

    551 WHISPER MESA ST SW, ALBUQUERQUE, NM 87121
    3 BEDS Ask for Pricing
  • Today

    10800 Golf Course Rd NW, Albuquerque, NM 87114
    Studio $1,575+
    1 BED $1,750+
    2 BEDS $2,000+
  • Today

    1020 Glorieta St NE, Albuquerque, NM 87112
    3 BEDS $2,100
109-0-city

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Popular searches Average rent Renters guide Demographics

Average rent in Albuquerque, NM

$1,340/mo Albuquerque, NM average rental price, November 2023
Image Average Rent

The average monthly rent of apartments in Albuquerque, NM is $1,340.

    Albuquerque, NM apartment rent ranges

    About 46% of apartment rents in Albuquerque, NM range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 23% of apartments. Around 20% of Albuquerque’s apartments are in the $701-$1,000 price range. 3% of apartments are priced between $501-$700.

    Albuquerque, NM rent trends

    Check out the average rent prices in Albuquerque by neighborhood.

    Compared to the national average rent of $1,718, the average rent in Albuquerque, NM is $1,340.

    Getting around in Albuquerque, NM

    64 /100
    Somewhat Walkable
    34 /100
    Some Transit
    79 /100
    Very Bikeable
    Walk Score®: 64, Transit Score®: 34, Bike Score®: 79

    Frequently asked questions

    When were prices and availability in Albuquerque, NM last updated?

    Prices and availability in Albuquerque, NM were last updated on 22 Mar 2024.

    What are the best apartments in Albuquerque, NM?

    The best apartments in Albuquerque, NM are: Acacia Gardens, Broadstone Towne Center, Altezza High Desert, Arterra and The Pearl at Spring Creek.

    What is the average rent in Albuquerque, NM?

    The average rent in Albuquerque, NM is $1,340. Start your search for apartments in Albuquerque, NM now.

    What is the price range for a studio apartment in Albuquerque, NM?

    The price range for a studio apartment in Albuquerque, NM is between $500 and $2,913. View all studio apartments in Albuquerque, NM.

    What is the price range for a 1-bedroom apartment in Albuquerque, NM?

    The price range for a 1-bedroom apartment in Albuquerque, NM is between $550 and $4,500. Browse all available 1-bedroom apartments in Albuquerque, NM now.

    What is the price range for a 2-bedroom apartment in Albuquerque, NM?

    The price range for a 2-bedroom apartment in Albuquerque, NM is between $775 and $5,051. Browse and find a 2-bedroom apartment in Albuquerque, NM.

    What is the price range for a 3-bedroom apartment in Albuquerque, NM?

    The price range for a 3-bedroom apartment in Albuquerque, NM is between $770 and $6,836. Browse all available 3-bedroom apartments in Albuquerque, NM.

    What type of rental buildings are in Albuquerque, NM?

    In Albuquerque 40% of the housing is rented out compared to 60% of homes are owned, according to the most recent Census Bureau estimates. 16% of Albuquerque’s apartments are found in large buildings of 50 units or more, 54% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.

    What do typical apartment communities look like in Albuquerque, NM?

    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 Albuquerque are about 34 years old, on average. Of these, 23% 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 3 stories. About 98% of the rental communities here are low-rise, garden-style communities, 2% are mid-rises, and 0.6% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in Albuquerque, NM?

    Studio apartments in Albuquerque are around 9% of rentals, while 1-bedroom floor plans represent 41% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

    Albuquerque, NM in the news

    Living in Albuquerque, NM

    Living in location

    Nestled beneath the Sandia Mountains, Albuquerque is the educational, media, and economic center, as well as the largest city in New Mexico. With a stable job market, rich cultural heritage, and a blend of modernity and tradition, this medium-sized city attracts renters seeking a one-of-a-kind experience. Its charm lies in its vibrant art scene, delicious Southwestern cuisine, and numerous cultural festivals celebrating its Native American and Hispanic roots. The historic Old Town offers a glimpse into the city's past, with its centuries-old adobe buildings, while the modern Nob Hill district bustles with trendy boutiques and cafes. The city also hosts the renowned Albuquerque International Balloon Fiesta, a sight to behold as hundreds of balloons take to the skies.

    Albuquerque's proximity to the Sandia Mountains, Petroglyph National Monument and many outdoor activities make it a haven for sports enthusiasts. Additionally, renters relocating from colder areas will appreciate the hot summers and mild winters, although they should be wary of occasional heat waves. The city's high desert climate brings mild winters with temperatures ranging from 30°F to 50°F, while summers are quite warm, with averages ranging from 70°F to 100°F.

    Renting in Albuquerque, NM

    Renters in Albuquerque can choose between single-family homes, apartments and townhomes built in various architectural styles. For instance, in neighborhoods like Nob Hill and downtown, renters can find apartments with a more urban atmosphere that offer proximity to entertainment and dining options. Or, families may prefer areas like Northeast Heights and the Westside, where single-family renters have multiple bedrooms and spacious yards. Meanwhile, the Tanoan neighborhood is ideal for renters looking for a strong community feel, while Bear Canyon and Heritage East are for renters looking for natural surroundings. Notably, the amount of security deposit that landlords can ask for is limited to one month's rent for rental periods shorter than a year, while lease agreements lasting for longer don't have limitations on the security deposit. Most rentals also exclude utilities, so renters and landlords should regulate their payment in the lease.

    Things for renting

    Shopping in Albuquerque, NM

    Albuquerque's shopping scene reflects its diverse culture and offers renters a mix of shopping venues. Specifically, the Cottonwood Mall, Coronado Center, Winrock Town Center, and ABQ Uptown are popular shopping destinations that host a variety of brand-name stores and dining options. Renters can also find a mix of vintage stores, boutiques, art galleries, and local shops in neighborhoods like Nob Hill and Old Town, while the Indian Pueblo Cultural Center hosts stores selling authentic Native American art and crafts. Or, for grocery and home goods shopping, renters can find major chains like Walmart, Smith's, Trader Joe's, Whole Foods Market and Target conveniently scattered throughout the city. Renters can also visit the Los Ranchos Growers' Market and the Rail Yards Market to support local businesses and buy fresh produce.

    Transportation in Albuquerque, NM

    Albuquerque offers various transportation options to get around the city. For renters who drive, major roads like interstates 25 and 40 connect to state routes and local roads and provide easy access to neighboring towns. Alternatively, the ABQ RIDE and Albuquerque Rapid Transit operate bus services, offering renters a comprehensive public transportation network within the city and the Central Avenue corridor. Otherwise, for a faster commute, the New Mexico Rail Runner Express is a commuter train service that connects Albuquerque to Santa Fe and other communities in the Rio Grande corridor. And, as one of the most bike-friendly cities in the state, renters can use the developed bike infrastructure for an eco-friendly commute. Renters can also rely on ridesharing services, like Uber and Lyft, for convenient travel within the city. Finally, Albuquerque International Sunport is the primary airport for air travel for renters and offers daily passenger flights to multiple U.S. cities.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!