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Updated

Average Rent in Albuquerque, NM

139 apartment buildings, 1446 units. Real asking prices, refreshed daily. 19 more available with Average Rent Pro

Avg Rent

$1,525/mo

market average

Cheapest

$724/mo

The Cedars Apartments

Properties

139

tracked daily

Units

1446

available now

Albuquerque, NM Resident Access

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Analysis

Rent Price Breakdown

Compare pricing across all 139 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 139 properties ranked by lowest available rent.

#1 3.5 (59)

The Cedars Apartments

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

From $724/mo
Avg $836 8 units
#2 3.3 (189)

Desert Creek Apartments

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

From $725/mo
Avg $1,055 12 units
#3 3.4 (272)

Elevated Management Group

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

From $750/mo
Avg $1,072 19 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 3.3 (103)

BLVD 2500 Luxury Apartments

2500 Carlisle Blvd NE, Albuquerque, NM 87110, USA

From $765/mo
Avg $864 6 units
#7 3.5 (40)

The Village at Sandia

12899 Central Ave NE, Albuquerque, NM 87121, USA

From $765/mo
Avg $926 13 units

Explore Each Property

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
8 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
12 units
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 $750/mo
19 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
BLVD 2500 Luxury Apartments apartments in Albuquerque, NM

BLVD 2500 Luxury Apartments

3.3 (103)

2500 Carlisle Blvd NE, Albuquerque, NM 87110, USA

From $765/mo
6 units

Albuquerque, NM Average Rent Prices 2026

The average rent in Albuquerque, NM is $1,525 per month, based on 1446 units across 139 apartment communities. Prices range from $724 at The Cedars Apartments to $2,750 at Montecito.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,316/mo $724/mo 173
1 Bed $1,374/mo $750/mo 535
2 Bed $1,616/mo $775/mo 600
3 Bed $1,997/mo $1,120/mo 132
4 Bed $1,641/mo $1,525/mo 6

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

Building Economics

How much do Albuquerque, NM apartments earn?

The 97 buildings we can estimate generate about $23M in rental revenue per month ($275M a year). Estimated from each building's unit-level listing and leasing activity.

Building Est. Monthly Revenue Est. Occupancy Units
1.Olympus Encantada $1.8M/mo 97% 1000
2.Altezza High Desert Apartments $1.2M/mo 94% 720
3.Odyssey Apartments $865K/mo 96% 582
4.Olympus Northpoint $706K/mo 96% 360
5.Olympus Alameda $603K/mo 88% 367

Research estimates from listing activity, not operator financials. Click any building for the full revenue breakdown and methodology.

Market Context

Who rents in Albuquerque, NM, and what they pay

Tracked one-bedroom rent in Albuquerque, NM averages $1,374/mo, with two-bedroom units averaging $1,616/mo. At the local median household income of $65,604, that works out to 28% 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 41% 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

$61,000/year

Based on the 30 percent rule, using our tracked average rent of $1,525/mo.

Comfortable income

$73,000/year

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

To afford the cheapest tracked apartment ($724/mo), you need to earn at least $29,000/year.

Median household income in Albuquerque, NM is $65,604 , about 10% 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) $1,525
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,495/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 $1,369 -10% 11
Rio Rancho, NM $1,967 +29% 8
Santa FE, NM $2,106 +38% 7

Frequently asked questions

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,525 per month, based on 1446 units across 139 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 $724 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 $1,374/mo. The lowest listed 1-bedroom starts at $750/mo across 535 units tracked.

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

2-bedroom apartments in Albuquerque, NM average $1,616/mo. Units start from $775/mo across 600 units currently listed.

Rent Trends in Albuquerque, NM

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