The average asking rent in Albuquerque, NM sat at $1,476 as Q2 2026 closed, nearly matching the New Mexico state median of $1,475 and running 20.0% below the US median of $1,844.
Monthly averages eased over the back half of the quarter, as the trend line below shows:
Listings across the city span a wide range beneath the quarter-close figure: asking prices run from $649 at the low end to $3,523 at the high end.
Where rent runs highest and lowest
Alameda leads every tracked neighborhood: its $1,866 average clears both the city figure and the US median. Paradise Hills Civic and Taylor Ranch tie for second at $1,699 each. Yale Village closes out the list at $1,442, just under the city average.
| Neighborhood | Avg rent |
|---|---|
| Alameda | $1,866 |
| Paradise Hills Civic | $1,699 |
| Taylor Ranch | $1,699 |
| South San Pedro | $1,606 |
| Elena Gallegos Grant | $1,512 |
| Rhodes Acres | $1,511 |
| Vista Encantada | $1,466 |
| Yale Village | $1,442 |
The rest of the ranked neighborhoods, from Paradise Hills Civic down to Yale Village, cluster in a tighter band from $1,699 down to $1,442. Elena Gallegos Grant and Rhodes Acres sit almost together, at $1,512 and $1,511.
The Albuquerque rent trends page tracks the full series behind this $1,476 average, the city overview rounds out the market, search surfaces current listings, and methodology sits on how the data works.
Based on real asking prices across tracked Albuquerque apartments, refreshed every morning.