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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

$1,548/mo

▼ 0.7% from last month

Lowest Available

$718/mo

cheapest unit on market

Communities

132

tracked daily

Units Listed

1274

available now

Price Cuts This Week in Albuquerque, NM

273 listed units across 55 buildings in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $64/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment Unit Last Week Now Cut
AYA ABQ Unit 17 $1,765 $1,415 $350
AIM Properties Unit 3 $2,200 $1,895 $305
ABQ Uptown Apartments Unit 4, A4 $1,795 $1,492 $303
Odyssey Apartments Unit 21, c20a $1,995 $1,724 $271
AIM Properties Unit 2 $2,400 $2,150 $250
Odyssey Apartments Unit 5, a10a $1,386 $1,164 $222
Arterra Unit 3, Avari $1,870 $1,650 $220
Glo Unit C201, 1-Bedroom $1,319 $1,100 $219
See today's prices on all 1274 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
Taylor Ranch $2,083 ▲  $437 $1,000 13 113
Alameda $1,898 ▲  $91 $1,061 5 59
Albuquerque 87122 $1,828 - $1,399 3 33
Paradise Hills Civic $1,648 ▼  $43 $1,113 15 258
Rhodes Acres $1,551 ▲  $22 $800 20 189
South San Pedro $1,512 ▲  $6 $799 8 33
Elena Gallegos Grant $1,505 ▲  $19 $946 22 198

Is Rent Going Up or Down in Albuquerque, NM?

As of September 2026, the average rent in Albuquerque, NM is $1,548 per month across 132 apartment communities and 1274 available units. Rents have decreased $10 (0.7%) over the past month.

The most affordable option is Desert Creek Apartments starting at $718/mo. By unit type, a studio averages $1,039/mo, a 1-bedroom averages $1,377/mo, a 2-bedroom averages $1,598/mo, a 3-bedroom averages $2,231/mo, a 4-bedroom averages $3,146/mo.

Prices range from $718 to $15,000 per month. The most common price point is the $1,200 range, where 291 units are currently listed.

Albuquerque, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,487 - 65
June 2026 $1,464 -$23 118
July 2026 $1,478 +$14 142
August 2026 $1,445 -$33 131
September 2026 $1,433 -$12 119

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
$1,039
from $718 · 97 units
1 Bed
$1,377
from $817 · 471 units
2 Bed
$1,598
from $904 · 564 units
3 Bed
$2,231
from $1,000 · 136 units
4 Bed
$3,146
from $1,547 · 6 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Desert Creek Apartments $718/mo $1,289/mo 11 3.3
Bricklight Courtyard $750/mo $1,025/mo 10 4.5
Bricklight District $750/mo $1,025/mo 10 4.4
Nova View $750/mo $964/mo 7 4
BLVD 2500 Luxury Apartments $765/mo $1,005/mo 4 3.3
The Village at Sandia $765/mo $997/mo 10 3.5
Tesota Four Hills $797/mo $942/mo 11 3.4

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,548 per month as of September 2026, based on 1274 units across 132 apartment communities.

Is rent going up or down in Albuquerque, NM?

Rent in Albuquerque, NM has decreased $10 (0.7%) over the past month. The current average is $1,548/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Desert Creek Apartments with units starting at $718/mo.

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

A 1-bedroom apartment in Albuquerque, NM averages $1,377/mo, with prices starting at $817/mo across 471 available units.

How many apartments are available in Albuquerque, NM?

There are 1274 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

$62,000/year

Based on the 30 percent rule, using our tracked average rent of $1,548/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 ($718/mo), you need to earn at least $29,000/year.

Median household income in Albuquerque, NM is $65,604 , about 12% 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) $1,548
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,518/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 Albuquerque, NM Apartments

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