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3 Bedroom Apartments for Rent in Albuquerque, NM - 60 Rentals available

Albuquerque, NM Demographics

  • Total Population556,092
  • Female 270,525
    Male 285,567
  • Median Age35.7

Average Rent for 3 Bedroom apartments in Albuquerque, NM

  • The average rent for a 3 Bedroom apartment in Albuquerque, NM, June, 2018$834/mo
  • 1 Bedroom$736
  • 2 Bedrooms$912
  • 3 Bedrooms$1,122

Albuquerque, NM 3 Bedroom Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00034%
  • $1,001-$1,50055%
  • $1,501-$2,00010%

Albuquerque, NM 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jun / 2018 $834 $1,122
Sept / 2017 $840 $1,142
May / 2017 $832 $1,154
Jan / 2017 $816 $1,097
Sept / 2016 $810 $1,099
May / 2016 $800 $1,109
Jan / 2016 $791 $1,076
Sept / 2015 $790 $1,080
May / 2015 $786 $1,089
Jan / 2015 $767 $1,051
/

Albuquerque, NM Households

  • Total Number of Households222,098
  • Family 132,547
    Non-family 89,551
  • Children 67,668
    No Children 154,430
  • Average People Per Household2.48
  • Median Household Income$47,030
  • Median Housing Costs Per Month$920

Albuquerque, NM Education Statistics

  • No High School4%
  • Some High School31%
  • Some College27%
  • Associate Degree8%
  • Bachelor Degree17%
  • Graduate Degree13%

Renting a 3 bedroom apartment in Albuquerque, NM

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,023 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Albuquerque, NM, rents on 3 bedroom apartments go up to $1,629. 31 rental properties offer 3 bedroom units in Albuquerque, NM to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Albuquerque, NM

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $405 in Albuquerque, NM, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.