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 remained the same in the last month and have remained the same 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 $950 on average, while a 2-bedroom apartment is $1,185. Houses for rent in Albuquerque, NM are more expensive, with an average monthly cost of $2,000.

				Comparables
1 bedroom	$947	1%	No Change
2 bedroom	$1,275	3%	3%
3 bedroom	$1,995	1%	5%
4 bedroom	$2,395	6%	2%
Studio	$790	1%	6%

		Comparables
Del Norte	$1,275
Hodgin	$1,127
La Mesa	$899
Nob Hill	$1,475
Seven Bar Ranch	$1,475
South San Pedro	$969
Taylor Ranch	$1,720
Trumbull Village	$829
University Heights	$1,200
Victory Hills	$1,230

Studio

Average rent

$790

Last 30 days

1%

Last year

6%

1 bedroom

Average rent

$947

Last 30 days

1%

Last year

No Change

2 bedroom

Average rent

$1,275

Last 30 days

3%

Last year

3%

3 bedroom

Average rent

$1,995

Last 30 days

1%

Last year

5%

4 bedroom

Average rent

$2,395

Last 30 days

6%

Last year

2%

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

33%

lower than the national median

Median rent price$1,795

6%

lower than the national median

Takeaway

The median rent for all rentals in Albuquerque, NM is 29% 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

$1,795

Last year

Corrales

$1,975

Last year

Edgewood

$1,750

Last year

Los Ranchos De Albuquerque

$1,885

Last year

North Valley

$1,450

Last year

Paradise Hills

$1,990

Last year

Placitas

$1,697

Last year

Ponderosa Pine

$1,400

Last year

Rio Rancho

$1,950

Last year

Sandia Heights

$1,470

Last year

South Valley

$1,800

Last year

Tijeras

$1,862

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 Los Alamos

Apartments for rent in Los Lunas

Apartments for rent in Los Ranchos de Albuquerque

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 La Cienega

Houses for rent in Los Alamos

Houses for rent in Los Lunas

Houses for rent in Los Ranchos de Albuquerque

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 Sedillo

Houses for rent in Tijeras

516 Lewis Ave Se, Albuquerque, NM 87102, USA

10218 Candelaria Rd Ne, Albuquerque, NM 87112, USA

921 Dartmouth Dr Ne, Albuquerque, NM 87106, USA

6816 Brindisi Pl Nw, Albuquerque, NM 87114, USA

11309 Miravista Place Southeast, Albuquerque, NM 87123, USA

924 Tansion Northeast Court, Albuquerque, NM 87112, USA

801 Southeast Circle Northwest, Albuquerque, NM 87104, USA

724 Truman St Ne, Albuquerque, NM 87110, USA

2018 Nancy St Sw, Albuquerque, NM 87105, USA

5321 Marble Ave Ne, Albuquerque, NM 87110, USA

436 General Patch Street Northeast, Albuquerque, NM 87123, USA

7224 Quail Springs Place Northeast, Albuquerque, NM 87113, USA

319 Bel Vedere Ln Ne, Albuquerque, NM 87102, USA

10205 Arvilla Ave Ne, Albuquerque, NM 87111, USA

1204 Sawmill Rd Nw, Albuquerque, NM 87104, USA

12740 Tomlinson Dr Se, Albuquerque, NM 87123, USA

11605 Singing Arrow Avenue Southeast, Albuquerque, NM 87123, USA

1105 Indiana St SE, Albuquerque, NM 87108, USA

1419 Airport Drive Southwest, Albuquerque, NM 87121, USA

1109 12th St Nw, Albuquerque, NM 87104, USA

Discover rentals in Albuquerque, NM

The Courtyards - Photo 1 of 1

2d ago

7.8

Very good

6001 Topke Place Northeast, Albuquerque, NM 87109

1–3 beds

1–2 baths

$580–$970

Apartment for rent

Sunrise South - Photo 1 of 1

2d ago

8.3

Very good

1024 Alvarado Dr Se, Albuquerque, NM 87108

1 bed

1 bath

$595

Price drop

Apartment for rent

8915 Central NE - Photo 1 of 1

5d+ ago

8.2

Very good

8915 Central NE

8915 Central Avenue Southeast, Albuquerque, NM 87123

1 bed

1 bath

$629–$679

Apartment for rent

420 Redondo Drive Northeast #JEMEZ - Photo 1 of 1

5d+ ago

Apartment for rent in Albuquerque

UNM Area: Casas del Rio (Jemez) Lease Takeover — (Feb 1-May 1) $689/mo

420 Redondo Drive Northeast #JEMEZ, Albuquerque, NM 87106

1 bed

1 bath

$689

Apartment for rent

Available Feb 1

Home @ Valencia - Photo 1 of 1

3d ago

9.4

Excellent

Home @ Valencia

5500 Eastern Avenue Southeast, Albuquerque, NM 87108

1–2 beds

1 bath

$695–$995

Apartment for rent

513 Kentucky St SE - Photo 1 of 1

1d ago

8.4

Very good

513 Kentucky St SE

513 Kentucky Street Southeast, Albuquerque, NM 87108

1–3 beds

1–2 baths

$725–$1,450

Apartment for rent

The Ridge - Photo 1 of 1

Rent special

3d ago

8.8

Very good

557 Tramway Blvd Ne, Albuquerque, NM 87123

1–3 beds

1–2 baths

$725–$1,520

Apartment for rent

Canyon Crest - Photo 1 of 1

Income restricted

Rent special

3d ago

8.8

Very good

7303 Montgomery Blvd Ne, Albuquerque, NM 87109

Studio–3 beds

1–2 baths

$750–$1,376

Apartment for rent