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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 110 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,371/mo

▲ +3.6% from last month

Lowest Available

$811/mo

cheapest unit on market

Communities

110

tracked daily

Units Listed

462

available now

Price Cuts This Week in Albuquerque, NM

199 listed units across 47 buildings offering 1 bed units in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $53/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
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
AYA ABQ Unit 14, Taos $1,524 $1,365 $159
Comanche Wells Unit D140 $1,288 $1,138 $150
ABQ Uptown Apartments Unit 6, B1 - B5 $2,186 $2,041 $145
Las Brisas Unit 1 $1,108 $964 $144
See today's prices on all 462 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 $1,371 per month across 110 apartment communities and 462 available units. Rents have increased $51 (3.6%) over the past month.

The most affordable option is Union 505 Apartments starting at $811/mo. By unit type, a 1-bedroom averages $1,371/mo.

Prices range from $811 to $2,800 per month. The most common price point is the $1,000 range, where 132 units are currently listed.

Albuquerque, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,485 - 60
June 2026 $1,474 -$11 99
July 2026 $1,477 +$3 118
August 2026 $1,447 -$30 109

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.

Rent Price Distribution

Rent by Bedroom Type in Albuquerque, NM

1 Bed
$1,371
from $811 · 462 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Union 505 Apartments $811/mo $984/mo 3 2.6
The Cedars Apartments $829/mo $829/mo 1 3.5
The Towers Apartments $845/mo $937/mo 4 3.4
Theta Apartments $859/mo $859/mo 1 2.3
Nova View $875/mo $916/mo 3 4
The French Quarter Apartments $880/mo $880/mo 1 3.3
Bricklight Courtyard $900/mo $900/mo 3 4.5

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,371 per month as of August 2026, based on 462 units across 110 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has increased $51 (3.6%) over the past month. The current average is $1,371/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Union 505 Apartments with units starting at $811/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 462 units available across 110 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

$55,000/year

Based on the 30 percent rule, using our tracked average rent of $1,371/mo.

Comfortable income

$66,000/year

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

To afford the cheapest tracked apartment ($811/mo), you need to earn at least $32,000/year.

Median household income in Albuquerque, NM is $65,604 , about 0% above 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) $1,371
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,341/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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