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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 108 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,504/mo

▼ 6.3% from last month

Lowest Available

$680/mo

cheapest unit on market

Communities

108

tracked daily

Units Listed

1292

available now

Rent Watch: cuts and increases

Open Rent Watch →

34 cuts and 6 increases among 326 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

Rent by Neighborhood in Albuquerque, NM

Compare average rent across Albuquerque, NM neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood Avg Rent 30d Change From Properties Units
Alameda $1,946 ▲  $43 $1,061 5 78
Yale Village $1,712 ▲  $91 $724 6 46
Paradise Hills Civic $1,627 ▲  $118 $886 14 326
Rhodes Acres $1,522 ▼  $74 $905 19 249
South San Pedro $1,518 ▼  $212 $709 10 49
Taylor Ranch $1,481 ▼  $88 $999 11 133
Elena Gallegos Grant $1,459 ▲  $11 $889 20 252

Is Rent Going Up or Down in Albuquerque, NM?

As of October 2026, the average rent in Albuquerque, NM is $1,504 per month across 108 apartment communities and 1292 available units. Rents have decreased $102 (6.3%) over the past month.

The most affordable option is Uptown Park Apartments starting at $680/mo. By unit type, a studio averages $1,603/mo, a 1-bedroom averages $1,303/mo, a 2-bedroom averages $1,574/mo, a 3-bedroom averages $1,959/mo, a 4-bedroom averages $2,073/mo.

Prices range from $680 to $13,000 per month. The most common price point is the $1,200 range, where 358 units are currently listed.

Albuquerque, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,473 - 66
June 2026 $1,453 -$20 123
July 2026 $1,470 +$17 142
August 2026 $1,437 -$33 130
September 2026 $1,450 +$13 126
October 2026 $1,420 -$30 126

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Albuquerque, NM

Studio
$1,603
from $680 · 78 units
1 Bed
$1,303
from $750 · 515 units
2 Bed
$1,574
from $709 · 555 units
3 Bed
$1,959
from $1,299 · 123 units
4 Bed
$2,073
from $1,591 · 3 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Uptown Park Apartments $680/mo $931/mo 2 3.6
The Valencia Apartments $709/mo $830/mo 2 3.4
The Cedars Apartments $724/mo $777/mo 2 3.5
ABQ Encore Apartments $750/mo $850/mo 9 4.3
Nova View $750/mo $964/mo 7 4
Rock Creek Apartments $750/mo $888/mo 6 3.2
BLVD 2500 Luxury Apartments $765/mo $1,005/mo 4 3.3

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,504 per month as of October 2026, based on 1292 units across 108 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has decreased $102 (6.3%) over the past month. The current average is $1,504/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Uptown Park Apartments with units starting at $680/mo.

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

A 1-bedroom apartment in Albuquerque, NM averages $1,303/mo, with prices starting at $750/mo across 515 available units.

How many apartments are available in Albuquerque, NM?

There are 1292 units available across 108 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 $1,504/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 ($680/mo), you need to earn at least $27,000/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) $1,504
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,474/mo

Population

562,488

Median household income

$65,604

Census median rent

$1,085/mo

Census rent burden

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.

Explore Albuquerque, NM Apartments

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