How much does it cost to rent at Olympus Encantada?

Rent at Olympus Encantada in Albuquerque, NM ranges from $1,582 to $2,360 per month as of August 1, 2026.

What is the average 1 bed rent at Olympus Encantada?

The average 1 bed apartment at Olympus Encantada costs $1,806/month, starting from $1,582.

What is the average 2 bed rent at Olympus Encantada?

The average 2 bed apartment at Olympus Encantada costs $1,936/month, starting from $1,804.

What is the average 3 bed rent at Olympus Encantada?

The average 3 bed apartment at Olympus Encantada costs $2,321/month, starting from $2,285.

Is Olympus Encantada a good apartment complex?

Olympus Encantada has a 4.4-star rating on Google based on 333 reviews.

Updated today at 9:25 a.m. MT

Olympus Encantada

Name: Olympus Encantada
Address: 6401 Santa Monica Ave NE, Albuquerque, NM, 87109, US
Telephone: (505) 207-2658
Rating: 4.4

6401 Santa Monica Ave NE, Albuquerque, NM 87109, USA

4.4 (333 reviews) Official Website (505) 207-2658

Live pricing, refreshed today at 9:25 a.m. MT

Units Listed

$1,582

Starting at

$1,931

Average

$2,360

Highest

$1.76

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Rhodes Acres rent trends

Beds

Pricing by Bedroom

1 Bed

$1,806

from $1,582 · 13 units

~864 sqft avg

2 Bed

$1,936

from $1,804 · 13 units

~1,231 sqft avg

3 Bed

$2,321

from $2,285 · 4 units

~1,408 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (12)

Largest 8 movers of 12

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$1.8M

$21M annual run rate

Modeled estimate

Est. Occupancy

97%

of about 1000 units (modeled from leasing activity)

Effective Rent on New Leases

$1,827

vs $1,931 current asking ($104 negotiation gap)

Recent Lease Activity

197 units tracked; 167 assumed leased, 30 listed now

See which units leased, when they left the market, and the rent they leased at.

Unlock with Pro

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Very high availability

3 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Price vs. Rhodes Acres

Neighborhood

Lincoln Place

$897 Villas De La Terraza

$899 Sunchase Apartments

$905 Tesota Morningside

$935 Academy Square Apartments

$960 Woodberry Heights

$1,000 Silverado

$1,010 Norte Villas

$1,030 Casa Tierra

$1,116 The Lakes Apartments

$1,165

Olympus Encantada

$1,582

Comparing 11 apartments in Rhodes Acres. Click any bar to view that building.

See Rhodes Acres rent trends on the Albuquerque, NM map Explore Albuquerque, NM on the interactive map

Available Units

Sort

30 units

1 Bed 10

$1,582/mo

829 ft² · $1.91/ft² · #1031

Down $48 since Jul 29 (was $1,630)

1 Bed 10

$1,665/mo

829 ft² · $2.01/ft² · #1098

1 Bed 10

$1,675/mo

829 ft² · $2.02/ft² · #02111

1 Bed 10

$1,675/mo

829 ft² · $2.02/ft² · #3042

Down $40 since Jul 9 (was $1,715)

1 Bed 10

$1,699/mo

829 ft² · $2.05/ft² · #03112

Up $19 since Jul 29 (was $1,680)

1 Bed 10

$1,715/mo

829 ft² · $2.07/ft² · #02109

Up $25 since Jul 29 (was $1,690)

1 Bed 10

$1,715/mo

829 ft² · $2.07/ft² · #2049

1 Bed 10

$1,800/mo

829 ft² · $2.17/ft² · #02110

2 Bed 20

$1,804/mo

1,206 ft² · $1.50/ft² · #3022

2 Bed 20

$1,828/mo

1,218 ft² · $1.50/ft² · #1103

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
1031	10	1bd / --ba	829	$1,582	$1.91	2026-07-22	Pro	Down $48 since Jul 29
1098	10	1bd / --ba	829	$1,665	$2.01	2026-10-03	Pro
02111	10	1bd / --ba	829	$1,675	$2.02	2026-10-03	Pro
3042	10	1bd / --ba	829	$1,675	$2.02	2026-08-29	Pro	Down $40 since Jul 9
03112	10	1bd / --ba	829	$1,699	$2.05	2026-06-26	Pro	Up $19 since Jul 29
02109	10	1bd / --ba	829	$1,715	$2.07	2026-08-01	Pro	Up $25 since Jul 29
2049	10	1bd / --ba	829	$1,715	$2.07	2026-08-08	Pro
02110	10	1bd / --ba	829	$1,800	$2.17	2026-09-23	Pro
3022	20	2bd / --ba	1,206	$1,804	$1.50	2026-07-07	Pro
1103	20	2bd / --ba	1,218	$1,828	$1.50	2026-10-03	Pro
2052	20	2bd / --ba	1,308	$1,868	$1.43	2026-09-26	Pro	Down $1 since Jul 29
1021	20	2bd / --ba	1,206	$1,873	$1.55	2026-09-05	Pro	Down $1 since Jul 29
03006	20	2bd / --ba	1,218	$1,896	$1.56	2026-07-20	Pro	Down $38 since Jul 29
2125	20	2bd / --ba	1,206	$1,898	$1.57	2026-09-05	Pro	Down $1 since Jul 29
3089	20	2bd / --ba	1,206	$1,918	$1.59	2026-09-05	Pro	Down $1 since Jul 29
01053	10	1bd / --ba	935	$1,953	$2.09	2026-08-07	Pro	Down $45 since Jul 9
01059	10	1bd / --ba	935	$1,953	$2.09	2026-09-23	Pro
01006	20	2bd / --ba	1,206	$1,954	$1.62	2026-07-20	Pro	Up $23 since Jul 29
3092	20	2bd / --ba	1,206	$1,968	$1.63	2026-08-29	Pro
01004	20	2bd / --ba	1,206	$1,974	$1.64	2026-07-02	Pro	Up $24 since Jul 29
02003	20	2bd / --ba	1,206	$1,993	$1.65	2026-09-12	Pro	Up $24 since Jul 29
2119	10	1bd / --ba	909	$1,999	$2.20	2026-09-19	Pro
2086	20	2bd / --ba	1,308	$2,003	$1.53	2026-09-19	Pro
2053	10	1bd / --ba	909	$2,024	$2.23	2026-10-08	Pro
2120	10	1bd / --ba	909	$2,024	$2.23	2026-10-03	Pro
01046	20	2bd / --ba	1,298	$2,195	$1.69	2026-08-01	Pro	Up $27 since Jul 29
2122	30	3bd / --ba	1,408	$2,285	$1.62	2026-09-05	Pro	Down $100 since Jul 9
1026	30	3bd / --ba	1,408	$2,320	$1.65	2026-10-03	Pro
1068	30	3bd / --ba	1,408	$2,320	$1.65	2026-09-26	Pro
2074	30	3bd / --ba	1,408	$2,360	$1.68	2026-09-16	Pro

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Albuquerque, NM notes

No resident notes for this property yet.