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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

$1,542/mo

▲ +21% from last month

Lowest Available

$618/mo

cheapest unit on market

Communities

140

tracked daily

Units Listed

1463

available now

Price Cuts This Week in Albuquerque, NM

266 listed units across 54 buildings in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $65/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment Unit Last Week Now Cut
Andalucia Villas Unit 1606, B1U $2,545 $2,142 $403
Andalucia Villas Unit 210, B1U $2,510 $2,142 $368
Theta Apartments Unit 4 $1,100 $859 $241
Pinewood Estates Unit 2002, 1x1A $1,347 $1,108 $239
Pavilions Apartments Unit 1, Floor Plans $1,814 $1,597 $217
Arterra Unit 13, Vadara $1,625 $1,410 $215
Peaks at Sandia View Unit 17, 2x2R-900 $1,450 $1,250 $200
Allegro at Tanoan Apartments Unit 1, Floor Plans $1,413 $1,220 $193
See today's prices on all 1463 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 $1,880 ▲  $51 $1,061 5 84
Paradise Hills Civic $1,705 ▲  $35 $1,054 15 284
South San Pedro $1,630 ▼  $108 $875 9 43
Elena Gallegos Grant $1,611 ▼  $34 $618 21 270
Yale Village $1,574 ▼  $190 $724 5 24
Rhodes Acres $1,539 ▼  $83 $875 24 225
Vista Encantada $1,435 ▲  $115 $750 10 107

Is Rent Going Up or Down in Albuquerque, NM?

As of July 2026, the average rent in Albuquerque, NM is $1,542 per month across 140 apartment communities and 1463 available units. Rents have increased $308 (21%) over the past month.

The most affordable option is OTTAVO Apartments starting at $618/mo. By unit type, a studio averages $1,384/mo, a 1-bedroom averages $1,390/mo, a 2-bedroom averages $1,623/mo, a 3-bedroom averages $1,986/mo, a 4-bedroom averages $1,640/mo.

Prices range from $618 to $9,500 per month. The most common price point is the $1,200 range, where 292 units are currently listed.

Albuquerque, NM Rent Price History

Window
View as table
Month Avg Rent Change Properties
May 2026 $1,473 - 67
June 2026 $1,453 -$20 123
July 2026 $1,512 +$59 131

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Albuquerque, NM

Studio
$1,384
from $618 · 185 units
1 Bed
$1,390
from $750 · 536 units
2 Bed
$1,623
from $800 · 595 units
3 Bed
$1,986
from $1,120 · 141 units
4 Bed
$1,640
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 $803/mo 4 3.5
Desert Creek Apartments $725/mo $1,112/mo 10 3.3
Elevated Management Group $750/mo $1,282/mo 20 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 $1,542 per month as of July 2026, based on 1463 units across 140 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has increased $308 (21%) over the past month. The current average is $1,542/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 $1,390/mo, with prices starting at $750/mo across 536 available units.

How many apartments are available in Albuquerque, NM?

There are 1463 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

$62,000/year

Based on the 30 percent rule, using our tracked average rent of $1,542/mo.

Comfortable income

$74,000/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 11% 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) $1,542
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,512/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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