Last updated
Average Rent in Albuquerque, NM & Rent Trends
Rent prices and market trends across 49 apartment communities in Albuquerque, NM. Updated daily.
Market Average
$1,307/mo
▼ 2.1% from last month
Lowest Available
$724/mo
cheapest unit on market
Communities
49
tracked daily
Units Listed
192
available now
Price Cuts This Week in Albuquerque, NM
61 listed units across 12 buildings offering studio units in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $44/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Broadstone Heights | Unit 35813 | $1,999 | $1,855 | $144 |
| Solaire Apartments | Unit 35207 | $1,869 | $1,755 | $114 |
| Olympus Alameda | Unit 1111, A4 | $1,786 | $1,700 | $86 |
| Olympus Alameda | Unit 1118, A4 | $1,741 | $1,655 | $86 |
| Olympus Alameda | Unit 1135, A4 | $1,851 | $1,765 | $86 |
| Olympus Alameda | Unit 2123, A4 | $1,786 | $1,700 | $86 |
| Olympus Alameda | Unit 3111, A4 | $1,836 | $1,750 | $86 |
| Olympus Alameda | Unit 3117, A3 | $1,706 | $1,620 | $86 |
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 |
|---|---|---|---|---|---|
| Albuquerque 87122 | $1,936 | ▲ $65 | $1,399 | 4 | 63 |
| Alameda | $1,872 | ▼ $4 | $1,061 | 5 | 84 |
| Taylor Ranch | $1,707 | ▲ $27 | $1,029 | 12 | 91 |
| Paradise Hills Civic | $1,697 | ▲ $16 | $1,075 | 16 | 286 |
| South San Pedro | $1,563 | ▼ $33 | $880 | 8 | 34 |
| Elena Gallegos Grant | $1,516 | ▲ $11 | $925 | 24 | 265 |
| Rhodes Acres | $1,488 | ▲ $17 | $800 | 20 | 183 |
Is Rent Going Up or Down in Albuquerque, NM?
As of July 2026, the average rent in Albuquerque, NM is $1,307 per month across 49 apartment communities and 192 available units. Rents have decreased $30 (2.1%) over the past month.
The most affordable option is The Cedars Apartments starting at $724/mo. By unit type, a studio averages $1,307/mo.
Prices range from $724 to $2,325 per month. The most common price point is the $1,200 range, where 37 units are currently listed.
Albuquerque, NM Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,522 | - | 19 |
| June 2026 | $1,475 | -$47 | 38 |
| July 2026 | $1,443 | -$32 | 49 |
Rent Price Distribution
Rent by Bedroom Type in Albuquerque, NM
Rent Prices by Apartment in Albuquerque, NM
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Cedars Apartments | $724/mo | $724/mo | 1 | 3.5 |
| Desert Creek Apartments | $725/mo | $915/mo | 5 | 3.3 |
| Bricklight District | $750/mo | $750/mo | 1 | 4.4 |
| Nova View | $750/mo | $825/mo | 2 | 4 |
| Tesota Four Hills | $760/mo | $928/mo | 18 | 3.4 |
| BLVD 2500 Luxury Apartments | $765/mo | $770/mo | 2 | 3.3 |
| The Village at Sandia | $765/mo | $772/mo | 3 | 3.5 |
Frequently Asked Questions About Rent in Albuquerque, NM
What is the average rent in Albuquerque, NM?
Is rent going up or down in Albuquerque, NM?
What is the cheapest apartment in Albuquerque, NM?
How many apartments are available 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
$52,000/year
Based on the 30 percent rule, using our tracked average rent of $1,307/mo.
Comfortable income
$63,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($724/mo), you need to earn at least $29,000/year.
Median household income in Albuquerque, NM is $65,604 , about 5% 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) | $1,307 |
| Utilities | $382 |
| Groceries | $526 |
| Transportation | $909 |
| Healthcare | $444 |
| Other goods and services | $710 |
| Estimated total | $4,277/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.
Google Search Trends for Albuquerque, NM Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Albuquerque, NM Apartments
Browse all 49 communities with daily-updated pricing and availability.