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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 140 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,522/mo

▼ 2.3% from last month

Lowest Available

$618/mo

cheapest unit on market

Communities

140

tracked daily

Units Listed

1459

available now

Price Cuts This Week in Albuquerque, NM

259 listed units across 57 buildings in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $68/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment Unit Last Week Now Cut
Odyssey Apartments Unit 21 $1,871 $1,628 $243
Alvarado Apartments Unit A3 R, A3 R $1,588 $1,349 $239
The Q @ Nob Hill Unit 2 $1,575 $1,350 $225
Alvarado Apartments Unit A R, A R $1,221 $1,015 $206
Pavilions Apartments Unit 1, Floor Plans $1,814 $1,614 $200
Altezza High Desert Apartments Unit 23, Sirino $2,520 $2,325 $195
Altezza High Desert Apartments Unit 32, Togano $1,700 $1,510 $190
AYA ABQ Unit 13 $1,382 $1,194 $188
See today's prices on all 1459 listed units

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
Albuquerque 87122 $1,924 $1,355 4 65
Alameda $1,911 $1,061 5 84
Paradise Hills Civic $1,702 $1,054 15 274
Taylor Ranch $1,688 $1,008 12 88
South San Pedro $1,499 $880 10 56
Elena Gallegos Grant $1,499 $618 22 263
Vista Encantada $1,498 $750 9 94

Is Rent Going Up or Down in Albuquerque, NM?

As of July 2026, the average rent in Albuquerque, NM is $1,522 per month across 140 apartment communities and 1459 available units. Rents have decreased $33 (2.3%) over the past month.

The most affordable option is OTTAVO Apartments starting at $618/mo. By unit type, a studio averages $1,323/mo, a 1-bedroom averages $1,374/mo, a 2-bedroom averages $1,615/mo, a 3-bedroom averages $1,978/mo, a 4-bedroom averages $1,641/mo.

Prices range from $618 to $3,523 per month. The most common price point is the $1,200 range, where 292 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
$1,323
from $618 · 190 units
1 Bed
$1,374
from $750 · 533 units
2 Bed
$1,615
from $775 · 595 units
3 Bed
$1,978
from $1,120 · 135 units
4 Bed
$1,641
from $1,525 · 6 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
OTTAVO Apartments $618/mo $1,668/mo 26 4.2
Lumen Apartments $618/mo $1,385/mo 16 3.6
Quincy $618/mo $1,538/mo 37 3.5
The Cedars Apartments $724/mo $836/mo 8 3.5
Desert Creek Apartments $725/mo $1,054/mo 12 3.3
Elevated Management Group $750/mo $1,072/mo 19 3.4
Nova View $750/mo $964/mo 7 4

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,522 per month as of July 2026, based on 1459 units across 140 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has decreased $33 (2.3%) over the past month. The current average is $1,522/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is OTTAVO Apartments with units starting at $618/mo.

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

A 1-bedroom apartment in Albuquerque, NM averages $1,374/mo, with prices starting at $750/mo across 533 available units.

How many apartments are available in Albuquerque, NM?

There are 1459 units available across 140 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

$61,000/year

Based on the 30 percent rule, using our tracked average rent of $1,522/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 ($618/mo), you need to earn at least $25,000/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) $1,522
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,492/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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