Albuquerque, NM Rental Market Trends
Last updated: October 24, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Albuquerque is $1,384, a 0.88% increase compared to the previous year, when the average rent was $1,372.
Studio Apartments at $882 offer the most budget-friendly option with 429 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 679 square feet for $1,254, balancing privacy and affordability.
Two-beedroom units at $1,520 offer 972 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,238 sq ft) for $1,905, suitable for larger households.
Average rent in Albuquerque, NM
Last updated: October 24, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,384 | 820 sq. ft. |
| Studio | $882 | 429 sq. ft. |
| 1 Bed | $1,254 | 679 sq. ft. |
| 2 Beds | $1,520 | 972 sq. ft. |
| 3 Beds | $1,905 | 1,238 sq. ft. |
Albuquerque, NM rent trends
Rental prices in Albuquerque, NM have increased by 0.88% over the past year. The average rent moved from $1,372 to $1,384.
What's the typical rent budget in Albuquerque, NM?
The largest share of rentals in Albuquerque, NM (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Albuquerque, NM?
93,192 or 38% of the households in Albuquerque, NM are renter-occupied while 148,925 or 62% are owner-occupied.
Most affordable neighborhoods in Albuquerque?
Trumbull Village $874/month
Trumbull Village $874/month
Princess Jeanne $927/month
All of these neighborhoods fall below the city wide average of $1,384/month.Most expensive neighborhoods in Albuquerque?
Stonebridge $2,108/month
Clayton Heights - Lomas Del Cielo $2,410/month
Clayton Heights - Lomas Del Cielo $2,410/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Albuquerque, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Clayton Heights - Lomas Del Cielo | $2,410 |
| Clayton Heights - Lomas Del Cielo | $2,410 |
| Stonebridge | $2,108 |
| Stonebridge | $2,108 |
| Nor Este | $2,040 |
| Nor Este | $2,040 |
| Academy Ridge East | $1,706 |
| Academy Ridge East | $1,706 |
| Tres Placitas | $1,665 |
| Tres Placitas | $1,665 |
| Southeast Heights | $1,650 |
| Southeast Heights | $1,650 |
| Taylor Ranch | $1,603 |
| Taylor Ranch | $1,603 |
| Eagle Ranch | $1,588 |
| Eagle Ranch | $1,588 |
| Academy Estates East | $1,540 |
| Academy Estates East | $1,540 |
| Cottonwood Corners | $1,492 |
| Cottonwood Corners | $1,492 |
| Huning Castle | $1,482 |
| Huning Castle | $1,482 |
| Stardust Skies | $1,458 |
| Stardust Skies | $1,458 |
| University Heights - North Campus | $1,451 |
| University Heights - North Campus | $1,451 |
| Osuna Park | $1,447 |
| Osuna Park | $1,447 |
| Academy Place | $1,438 |
| Academy Place | $1,438 |
| Near North Valley | $1,362 |
| Near North Valley | $1,362 |
| Oso Grande - Lincoln Green | $1,361 |
| Oso Grande - Lincoln Green | $1,361 |
| Andreson Hills | $1,336 |
| Andreson Hills | $1,336 |
| Quail Ridge - Grandview Heights | $1,325 |
| Quail Ridge - Grandview Heights | $1,325 |
| S.R. Marmon | $1,322 |
| S.R. Marmon | $1,322 |
| Academy Acres North | $1,321 |
| Academy Acres North | $1,321 |
| ElDorado Heights | $1,284 |
| ElDorado Heights | $1,284 |
| Uptown Albuquerque | $1,244 |
| Uptown Albuquerque | $1,244 |
| Arroyo Del Oso | $1,212 |
| Arroyo Del Oso | $1,212 |
| Hodgin | $1,209 |
| Hodgin | $1,209 |
| Del Norte | $1,208 |
| Del Norte | $1,208 |
| Downtown Albuquerque | $1,152 |
| Downtown Albuquerque | $1,152 |
| Los Volcanes | $1,134 |
| Los Volcanes | $1,134 |
| North Eastern Albuquerque | $1,101 |
| North Eastern Albuquerque | $1,101 |
| Netherwood Park | $1,097 |
| Netherwood Park | $1,097 |
| McKinley | $1,092 |
| McKinley | $1,092 |
| Jerry Cline Park | $1,087 |
| Jerry Cline Park | $1,087 |
| Manzano Manor | $1,078 |
| Manzano Manor | $1,078 |
| Cielito Lindo - Candlelight Park | $1,056 |
| Cielito Lindo - Candlelight Park | $1,056 |
| Santa Barbara - Martineztown | $1,031 |
| Santa Barbara - Martineztown | $1,031 |
| Montgomery Heights - Luecking Park | $1,028 |
| Montgomery Heights - Luecking Park | $1,028 |
| Singing Arrow | $1,020 |
| Singing Arrow | $1,020 |
| West Mesa | $988 |
| West Mesa | $988 |
| South San Pedro | $987 |
| South San Pedro | $987 |
| Princess Jeanne | $927 |
| Princess Jeanne | $927 |
| Trumbull Village | $874 |
| Trumbull Village | $874 |
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Albuquerque | Rent Comparison by Neighborhood
Rent in Academy Acres North is the same as in Academy Acres North
$1,321
Academy Acres North rent is 5% lower than Albuquerque average
Average Rent
$1,321
$1,321
Academy Acres North rent is 5% lower than Albuquerque average
Average Rent
$1,321
How Albuquerque Compares to Other Cities
| City | Average Rent |
|---|---|
| Albuquerque | $1,384 |
| Rio Rancho | $1,589 |
| Las Cruces | $1,261 |
| Santa Fe | $1,854 |
| Los Alamos, NM | $2,046 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Albuquerque apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.