Average Rent in Albuquerque, NM and Rent Price Trends

Rent price trends in
Albuquerque, NM

Rent price trends

Rent prices for all bedroom counts and property types in Albuquerque, NM have decreased by 3% in the last month and have decreased by 6% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Albuquerque, NM
The monthly rent for an apartment in Albuquerque, NM is $1,050. A 1-bedroom apartment in Albuquerque, NM costs about $964 on average, while a 2-bedroom apartment is $1,175. Houses for rent in Albuquerque, NM are more expensive, with an average monthly cost of $1,975.

				Comparables
1 bedroom	$956	4%	5%
2 bedroom	$1,234	1%	4%
3 bedroom	$1,945	No Change	2%
4 bedroom	$2,350	6%	9%
Studio	$795	1%	5%

		Comparables
Highland Business	$1,347
Hodgin	$1,217
La Mesa	$905
Silver Hill	$895
South San Pedro	$980
Taylor Ranch	$1,795
Trumbull Village	$850
University Heights	$1,050
Uptown	$900
Victory Hills	$1,200

Studio

Average rent

$795

Last 30 days

1%

Last year

5%

1 bedroom

Average rent

$956

Last 30 days

4%

Last year

5%

2 bedroom

Average rent

$1,234

Last 30 days

1%

Last year

4%

3 bedroom

Average rent

$1,945

Last 30 days

No Change

Last year

2%

4 bedroom

Average rent

$2,350

Last 30 days

6%

Last year

9%

The table above reflects average rent prices in Albuquerque, NM, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Albuquerque, NM to other cities

Median rent prices in Albuquerque, NM for all bedroom counts and property types compared to Bernalillo, NM.

Albuquerque

Median rent price$1,275

34%

lower than the national median

Median rent price$1,679

13%

lower than the national median

Takeaway

The median rent for all rentals in Albuquerque, NM is 24% lower than the median rent in Bernalillo, NM.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Bernalillo

$1,679

Last year

Corrales

$1,450

Last year

Edgewood

$1,749

Last year

Los Ranchos De Albuquerque

$1,650

Last year

North Valley

$1,335

Last year

Paradise Hills

$2,175

Last year

Placitas

$1,900

Last year

Ponderosa Pine

$1,950

Last year

Rio Rancho

$2,000

Last year

Sandia Heights

$1,975

Last year

South Valley

$1,875

Last year

Tijeras

$1,850

Last year

Cost of living in
Albuquerque, NM

The overall cost of living in Albuquerque, NM is 5% lower than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	2% higher
Groceries	3% lower
Health	2% higher
Housing	11% lower
Transportation	14% lower
Utilities	13% lower

Apartments for rent in Albuquerque

Apartments for rent in Belen

Apartments for rent in Los Alamos

Apartments for rent in Los Lunas

Apartments for rent in Paradise Hills

Apartments for rent in Rio Rancho

Apartments for rent in Santa Fe

Houses for rent in Albuquerque

Houses for rent in Belen

Houses for rent in Bernalillo

Houses for rent in Edgewood

Houses for rent in Los Alamos

Houses for rent in Los Lunas

Houses for rent in Moriarty

Houses for rent in North Valley

Houses for rent in Paradise Hills

Houses for rent in Rio Communities

Houses for rent in Rio Rancho

Houses for rent in Sandia Heights

Houses for rent in Sandia Park

Houses for rent in Santa Fe

Houses for rent in Tijeras

11819 Lexington Ave NE, Albuquerque, NM 87112, USA

7205 Esther Ave Ne, Albuquerque, NM 87109, USA

223 Edith Blvd Se, Albuquerque, NM 87102, USA

4801 Parsifal St Ne, Albuquerque, NM 87111, USA

520 Tennessee St Ne, Albuquerque, NM 87108, USA

1620 Carlisle Blvd Ne, Albuquerque, NM 87110, USA

3434 Smith Ave SE, Albuquerque, NM 87106, USA

240 Wheeler Ave Se, Albuquerque, NM 87102, USA

2718 San Joaquin Ave SE, Albuquerque, NM 87106, USA

233 Tennessee St NE, Albuquerque, NM 87108, USA

1420 Stoneway Dr Nw, Albuquerque, NM 87120, USA

305 Aliso Dr Se, Albuquerque, NM 87108, USA

2856 Baco Noir Dr Sw, Albuquerque, NM 87121, USA

3414 Purdue Pl Ne, Albuquerque, NM 87106, USA

3833 Montgomery Blvd NE, Albuquerque, NM 87109, USA

87 Pheasant Hill Dr, Albuquerque, NM 87111, USA

9000 Violet Orchid Tr SW, Albuquerque, NM 87121, USA

919 22nd St Nw, Albuquerque, NM 87104, USA

920 Indiana St SE, Albuquerque, NM 87108, USA

1042 Jane St Ne, Albuquerque, NM 87112, USA

Discover rentals in Albuquerque, NM

448 Shorewood Dr Nw #A - Photo 1 of 1

5h ago

House for rent in Albuquerque

448 Shorewood Dr Nw #A, Albuquerque, NM 87121

1 bed

1 bath

$550

House for rent

Available Jul 7

448 Shorewood Dr Nw - Photo 1 of 1

1d ago

House for rent in Albuquerque

448 Shorewood Dr Nw, Albuquerque, NM 87121

1 bed

3 baths

$550

House for rent

Available Dec 1

Sunrise South - Photo 1 of 1

1d ago

8.3

Very good

1024 Alvarado Dr Se, Albuquerque, NM 87108

1 bed

1 bath

$595

Apartment for rent

422 Texas St Ne - Photo 1 of 1

1d ago

La Mesa apartment for rent in Albuquerque

422 Texas St NE

422 Texas St Ne, Albuquerque, NM 87108

1 bed

1 bath

$650

Apartment for rent

8915 Central NE - Photo 1 of 1

4d ago

8.8

Very good

8915 Central NE

8915 Central Ave Ne, Albuquerque, NM 87123

1 bed

1 bath

$679

Apartment for rent

Home @ Valencia - Photo 1 of 1

4h ago

9.4

Excellent

Home @ Valencia

5500 Eastern Ave Se, Albuquerque, NM 87108

1–2 beds

1 bath

$695–$995

Apartment for rent

The Four33 - Photo 1 of 1

22h ago

8.3

Very good

433 Mesilla St Se, Albuquerque, NM 87108

1 bed

1 bath

$695

Apartment for rent

2645 Graceland Dr Ne #2 - Photo 1 of 1

6h ago

Bel-Air house for rent in Albuquerque

1 bed

1 bath

$800

$700

Price drop

House for rent