Apartments for Rent in South San Pedro, Albuquerque, NM

South San Pedro, Albuquerque apartment availability

South San Pedro's rental market offers a strong selection of listings, with an average of 102 rentals available each month in 2024. The neighborhood's inventory is comprised mostly of 1-bedroom and 2-bedroom apartments, with a smaller number of studios and 3-bedroom units. Many of these apartments offer popular amenities, including on-site laundry, which is available in nearly 70% of rentals. Additionally, pet owners will find South San Pedro to be a welcoming neighborhood, with over 67% of apartments allowing pets, either with or without restrictions.

South San Pedro, Albuquerque rental market trends

South San Pedro, Albuquerque's rental market experienced a modest 1.3% year-over-year increase in average rent across all property types, reaching $907 in 2024. Breaking it down by bed count, 1-bedrooms saw a notable 6.5% jump to $888, while studios rose 8.1% to $792. Conversely, 2-bedrooms and 3-bedrooms experienced slight declines of 0.8% and 5.1%, respectively.

Renters should note that December is the most expensive month, with rents 9.1% higher than in May, the least expensive month. This trend suggests that those looking for a deal should consider searching in the spring. Overall, South San Pedro's rental market remains relatively stable, with modest fluctuations throughout the year. By understanding these trends, renters can make informed decisions about their housing search.

Why South San Pedro, Albuquerque is a great place to live

South San Pedro is a top choice for renters who prioritize social living and pet ownership. The neighborhood's high walk score, frequent transit options, and well-maintained street infrastructure make it easy to get around and connect with friends. Additionally, the area's diverse age distribution and focus on safety contribute to a vibrant community atmosphere. Pet owners will appreciate the abundance of outdoor spaces, pet-friendly amenities like pet waste stations and dog parks, and the absence of breed restrictions. With pet-safe windows and ample space for pets to rest, South San Pedro is an ideal neighborhood for those who value both social connections and their furry companions.