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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 132 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,505/mo

▼ 0.8% from last month

Lowest Available

$711/mo

cheapest unit on market

Communities

132

tracked daily

Units Listed

1238

available now

Price Cuts This Week in Albuquerque, NM

223 listed units across 55 buildings in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $55/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment Unit Last Week Now Cut
Cantata at the Trails Unit 3 $2,323 $1,863 $460
AIM Properties Unit 11 $2,500 $2,050 $450
Cantata at the Trails Unit 4 $2,241 $1,798 $443
Desert Creek Apartments Unit 4, The Arabian $1,826 $1,498 $328
AYA ABQ Unit 19 $1,789 $1,545 $244
Northpointe Village Apartment Homes Unit 10 $1,699 $1,499 $200
AYA ABQ Unit 14, Taos $1,524 $1,365 $159
Tesota Four Hills Unit 1 $967 $809 $158
See today's prices on all 1238 listed units

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 $1,887 ▲  $67 $1,061 5 62
Paradise Hills Civic $1,664 ▼  $21 $1,154 15 261
Taylor Ranch $1,624 ▼  $33 $1,000 13 94
Rhodes Acres $1,568 $0 $845 25 243
South San Pedro $1,524 ▼  $9 $799 7 32
Elena Gallegos Grant $1,496 ▼  $39 $946 20 150
Yale Village $1,443 ▼  $207 $724 5 23

Is Rent Going Up or Down in Albuquerque, NM?

As of August 2026, the average rent in Albuquerque, NM is $1,505 per month across 132 apartment communities and 1238 available units. Rents have decreased $11 (0.8%) over the past month.

The most affordable option is Tesota Four Hills starting at $711/mo. By unit type, a studio averages $1,047/mo, a 1-bedroom averages $1,371/mo, a 2-bedroom averages $1,597/mo, a 3-bedroom averages $1,980/mo, a 4-bedroom averages $1,928/mo.

Prices range from $711 to $2,892 per month. The most common price point is the $1,200 range, where 273 units are currently listed.

Albuquerque, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,483 - 65
June 2026 $1,464 -$19 119
July 2026 $1,477 +$13 143
August 2026 $1,438 -$39 132

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
$1,047
from $711 · 110 units
1 Bed
$1,371
from $811 · 462 units
2 Bed
$1,597
from $915 · 531 units
3 Bed
$1,980
from $1,235 · 128 units
4 Bed
$1,928
from $1,550 · 7 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Tesota Four Hills $711/mo $971/mo 14 3.4
Desert Creek Apartments $713/mo $1,232/mo 11 3.3
The Cedars Apartments $724/mo $759/mo 3 3.5
Bricklight Courtyard $750/mo $958/mo 6 4.5
Bricklight District $750/mo $958/mo 6 4.4
Nova View $750/mo $964/mo 7 4
BLVD 2500 Luxury Apartments $765/mo $1,075/mo 5 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 $1,505 per month as of August 2026, based on 1238 units across 132 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has decreased $11 (0.8%) over the past month. The current average is $1,505/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Tesota Four Hills with units starting at $711/mo.

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

A 1-bedroom apartment in Albuquerque, NM averages $1,371/mo, with prices starting at $811/mo across 462 available units.

How many apartments are available in Albuquerque, NM?

There are 1238 units available across 132 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 $1,505/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 ($711/mo), you need to earn at least $28,000/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) $1,505
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,475/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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