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Average Rent in Albuquerque, NM & Rent Trends

Rent prices and market trends across 107 apartment communities in Albuquerque, NM. Updated daily.

Market Average

$1,377/mo

▼ 0.7% from last month

Lowest Available

$817/mo

cheapest unit on market

Communities

107

tracked daily

Units Listed

471

available now

Price Cuts This Week in Albuquerque, NM

199 listed units across 43 buildings offering 1 bed units in Albuquerque, NM dropped their asking rent in the past 7 days, an average cut of $66/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment Unit Last Week Now Cut
ABQ Uptown Apartments Unit 4, A4 $1,795 $1,492 $303
Glo Unit C201, 1-Bedroom $1,319 $1,100 $219
Odyssey Apartments Unit 9, a10c $1,437 $1,237 $200
AYA ABQ Unit 17 $1,615 $1,415 $200
Cantata at the Trails Unit 6 $2,265 $2,078 $187
Altezza High Desert Apartments Unit 12, Montalto $1,655 $1,480 $175
Eagle Point Apartments Unit 10 $1,294 $1,122 $172
Arterra Unit 2, Avari $1,870 $1,705 $165
See today's prices on all 471 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 $1,377 per month across 107 apartment communities and 471 available units. Rents have decreased $10 (0.7%) over the past month.

The most affordable option is Union 505 Apartments starting at $817/mo. By unit type, a 1-bedroom averages $1,377/mo.

Prices range from $817 to $2,800 per month. The most common price point is the $1,200 range, where 130 units are currently listed.

Albuquerque, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
May 2026 $1,520 - 59
June 2026 $1,498 -$22 96
July 2026 $1,498 $0 115
August 2026 $1,460 -$38 107
September 2026 $1,442 -$18 99

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.

Rent Price Distribution

Rent by Bedroom Type in Albuquerque, NM

1 Bed
$1,377
from $817 · 471 units

Rent Prices by Apartment in Albuquerque, NM

Property Starting at Average Units Rating
Union 505 Apartments $817/mo $977/mo 3 2.6
Whispering Sands $875/mo $875/mo 1 3.8
Nova View $875/mo $916/mo 3 4
The Towers Apartments $880/mo $972/mo 4 3.4
The French Quarter Apartments $880/mo $880/mo 1 3.3
Bricklight Courtyard $900/mo $900/mo 3 4.5
The Ridge $900/mo $914/mo 4 3.1

Frequently Asked Questions About Rent in Albuquerque, NM

What is the average rent in Albuquerque, NM?

The average rent in Albuquerque, NM is $1,377 per month as of September 2026, based on 471 units across 107 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 $1,377/mo.

What is the cheapest apartment in Albuquerque, NM?

The most affordable apartment in Albuquerque, NM is Union 505 Apartments with units starting at $817/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 471 units available across 107 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

$55,000/year

Based on the 30 percent rule, using our tracked average rent of $1,377/mo.

Comfortable income

$66,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($817/mo), you need to earn at least $33,000/year.

Median household income in Albuquerque, NM is $65,604 , about 1% 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) $1,377
Utilities $382
Groceries $526
Transportation $909
Healthcare $444
Other goods and services $710
Estimated total $4,347/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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