Albuquerque, NM Rental Market Trends
Last updated: March 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Albuquerque is $1,364, a 0.68% decrease compared to the previous year, when the average rent was $1,373.
Studio Apartments at $868 offer the most budget-friendly option with 426 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 680 square feet for $1,240, balancing privacy and affordability.
Two-beedroom units at $1,496 offer 972 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,238 sq ft) for $1,822, suitable for larger households.
Average rent in Albuquerque, NM
Last updated: March 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,364 | 820 sq. ft. |
| Studio | $868 | 426 sq. ft. |
| 1 Bed | $1,240 | 680 sq. ft. |
| 2 Beds | $1,496 | 972 sq. ft. |
| 3 Beds | $1,822 | 1,238 sq. ft. |
Albuquerque, NM rent trends
Rental prices in Albuquerque, NM have decreased by 0.68% over the past year. The average rent moved from $1,373 to $1,364.
What's the typical rent budget in Albuquerque, NM?
The largest share of rentals in Albuquerque, NM (49%) 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 $907/month
Princess Jeanne $923/month
Manzano Manor $969/month
All of these neighborhoods fall below the city wide average of $1,364/month.Most expensive neighborhoods in Albuquerque?
Nor Este $1,962/month
Stonebridge $2,009/month
Clayton Heights - Lomas Del Cielo $2,434/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 | $2,434 |
| Stonebridge | $2,009 |
| Nor Este | $1,962 |
| University Heights - North Campus | $1,681 |
| Southeast Heights | $1,656 |
| Academy Ridge East | $1,602 |
| Tres Placitas | $1,591 |
| Taylor Ranch | $1,582 |
| Eagle Ranch | $1,525 |
| Near North Valley | $1,439 |
| Cottonwood Corners | $1,425 |
| Academy Place | $1,401 |
| Osuna Park | $1,365 |
| Stardust Skies | $1,356 |
| Academy Estates East | $1,336 |
| Andreson Hills | $1,336 |
| S.R. Marmon | $1,335 |
| Quail Ridge - Grandview Heights | $1,325 |
| ElDorado Heights | $1,319 |
| Academy Acres North | $1,308 |
| Huning Castle | $1,274 |
| Uptown Albuquerque | $1,239 |
| Del Norte | $1,236 |
| Arroyo Del Oso | $1,225 |
| Downtown Albuquerque | $1,163 |
| Los Volcanes | $1,145 |
| North Eastern Albuquerque | $1,129 |
| Netherwood Park | $1,105 |
| Cielito Lindo - Candlelight Park | $1,092 |
| McKinley | $1,086 |
| West Mesa | $1,046 |
| Santa Barbara - Martineztown | $1,043 |
| Montgomery Heights - Luecking Park | $1,027 |
| Singing Arrow | $997 |
| South San Pedro | $994 |
| Manzano Manor | $969 |
| Princess Jeanne | $923 |
| Trumbull Village | $907 |
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Albuquerque | Rent Comparison by Neighborhood
Rent in Academy Acres North is 2% lower than in Academy Estates East
$1,308
Academy Acres North rent is 4% lower than Albuquerque average
Average Rent
$1,308
$1,336
Academy Estates East rent is 2% lower than Albuquerque average
Average Rent
$1,336
How Albuquerque Compares to Other Cities
| City | Average Rent |
|---|---|
| Albuquerque | $1,364 |
| Las Cruces | $1,257 |
| Rio Rancho | $1,581 |
| Santa Fe | $1,769 |
| Santa Teresa | $1,291 |
| Los Alamos | $2,007 |
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.