Apartments for Rent in Albuquerque, NM

Prices and availability in Albuquerque, NM were last updated on 1 Jul 2026.

The best apartments in Albuquerque, NM are: Broadstone Towne Center, Altezza High Desert, Arterra, Acacia Gardens and The Retreat at Candelaria.

The average rent in Albuquerque, NM is $1,366.

The price range for a studio apartment in Albuquerque, NM is between $725 and $2,894.

The price range for a 1-bedroom apartment in Albuquerque, NM is between $95 and $5,490.

The price range for a 2-bedroom apartment in Albuquerque, NM is between $680 and $5,720.

The price range for a 3-bedroom apartment in Albuquerque, NM is between $925 and $5,916.

In Albuquerque 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 19% of Albuquerque's apartments are found in large buildings of 50 units or more, 55% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Albuquerque are about 35 years old, on average. Of these, 27% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 97% of the rental communities here are low-rise, garden-style communities, 3% are mid-rises, and 0.5% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Albuquerque come in a range of sizes and floorplans. Studio apartments represent 9% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Albuquerque. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.