Last updated
Average Rent in South San Pedro & Rent Trends
Rent prices and market trends across 4 apartment communities in South San Pedro, Albuquerque, NM. Updated daily.
Market Average
$1,910/mo
▼ 25.6% from last month
Lowest Available
$709/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
16
available now
South San Pedro vs Albuquerque, NM Average
South San Pedro is more expensive the Albuquerque, NM average by $339/mo (22%). The citywide average is $1,571/mo across all neighborhoods.
Is Rent Going Up or Down in South San Pedro?
As of May 2026, the average rent in South San Pedro is $1,910 per month across 4 apartment communities and 16 available units. Rents have decreased $552 (25.6%) over the past month.
The most affordable option is The Valencia Apartments starting at $709/mo. By unit type, a studio averages $1,726/mo, a 1-bedroom averages $1,784/mo, a 2-bedroom averages $2,097/mo.
Prices range from $709 to $2,407 per month. The most common price point is the $1,800 range, where 4 units are currently listed.
South San Pedro Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in South San Pedro
Rent Prices by Apartment in South San Pedro
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Valencia Apartments | $709/mo | $1,102/mo | 2 | 3.4 |
| PURE Property Management of New Mexico | $1,200/mo | $1,200/mo | 1 | 4.3 |
| Platinum Luxury Apartments | $1,395/mo | $2,011/mo | 3 | 4.3 |
| Broadstone Nob Hill | $1,803/mo | $2,112/mo | 10 | 4.1 |
Google Search Trends for South San Pedro Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in South San Pedro
What is the average rent in South San Pedro?
Is rent going up or down in South San Pedro?
What is the cheapest apartment in South San Pedro?
How much is a 1-bedroom apartment in South San Pedro?
How many apartments are available in South San Pedro?
What salary do I need to live comfortably in South San Pedro?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$76,000/year
30 percent rule -- using our average rent of $1,910/mo.
Comfortable income
$92,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($709/mo), you need to earn at least $28,000/year.
Median household income in South San Pedro is $65,604 , about 28% below the comfortable-living threshold.
Cost of living in South San Pedro
Overall prices in South San Pedro 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 South San Pedro's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,910 |
| Utilities | $382 |
| Groceries | $526 |
| Transportation | $909 |
| Healthcare | $444 |
| Other goods and services | $710 |
| Estimated total | $4,880/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.
Explore South San Pedro Apartments
Browse all 4 communities with daily-updated pricing and availability.