3 Days Ago
Location
4600 Central Ave Sw, Albuquerque, NM 87105, USA
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Property Overview
Rainbow Apartments receives a strong expert rating of 8.8, reflecting its appeal to renters. The property excels in price and amenities, scoring 10 out of 10, while its prime location earns a 9 out of 10 for convenient access to key amenities and schools, including a top-rated high school just a short distance away. Additionally, a trustworthiness rating of 7 underscores the transparent presentation provided to potential renters.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- High school nearby
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 270+ sqft | $850–$875 /mo | 3 units available |
Let's explore this property.
Amenities for Rainbow Apartments
Apartment Amenities
| Gas and Electric Included | Utilities Included |
Appliances
| Gas Range | Range |
| Refrigerator |
Services
| Water, Sewer & Trash |
Neighborhood
| Close To Downtown | Close to Restaurants |
| Nearby Shopping |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 10 |
|---|
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About Rainbow Apartments
Rainbow Apartments cost $850–$875 per month. Located at 4600 Central Ave Sw, Albuquerque, NM 87105, USA, Rainbow Apartments has studio bedroom units available. Based on the average rent price of studio in Albuquerque, renting an apartment at Rainbow Apartments is 9% more expensive per month.Other apartment buildings in or around Albuquerque include but are not limited to: 121 Cardenas Dr Ne, 5800 Harper Dr Ne, 3011 Jane Pl Ne, 8200 Bridge Blvd Sw
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very GoodWith a solid 8.8 out of 10 overall, Rainbow Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Rainbow Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Rainbow Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Rainbow Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Rainbow Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Rainbow Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Rainbow Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Rainbow Apartments compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
- High school nearby
- There is a high school 0.3 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Albuquerque
studio apartments at Rainbow Apartments cost about 6% more than the average rent price for studio apartments in Albuquerque.
Median rents as of Jan 17 2026.
Albuquerque
| Month | Median Rent |
|---|---|
| February 2024 | $775 |
| March 2024 | $775 |
| April 2024 | $767 |
| May 2024 | $772 |
| June 2024 | $774 |
| July 2024 | $771 |
| August 2024 | $775 |
| September 2024 | $777 |
| October 2024 | $781 |
| November 2024 | $794 |
| December 2024 | $796 |
| January 2025 | $800 |
| February 2025 | $800 |
| March 2025 | $800 |
| April 2025 | $794 |
| May 2025 | $785 |
| June 2025 | $795 |
| July 2025 | $795 |
| August 2025 | $793 |
| September 2025 | $800 |
| October 2025 | $800 |
| November 2025 | $800 |
| December 2025 | $796 |
| January 2026 | $798 |
Affordability calculator
Can I afford to live at 4600 Central Ave Sw?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this studio monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near Rainbow Apartments
Valle Vista Elementary School
1700 mae av sw
albuquerque, NM, 87105
PK, K-5Public
C-
Highland Autism Center
220 monroe sw
albuquerque, NM, 87108
PK, K-12Public
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Internet available near Rainbow Apartments
Getting around Albuquerque near 4600 Central Ave Sw
Walking
4/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 4600 Central Ave Sw, Albuquerque
Groceries
4/10
At least one supermarket within a 30-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
3/10
At least one elementary school within a 30-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
2/10
Some bars within walking distance
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