Apartments for Rent in Albuquerque, NM

Prices and availability in Albuquerque, NM were last updated on 2 Aug 2026.

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

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

The price range for a studio apartment in Albuquerque, NM is between $725 and $2,272.

The price range for a 1-bedroom apartment in Albuquerque, NM is between $95 and $5,790.

The price range for a 2-bedroom apartment in Albuquerque, NM is between $680 and $5,389.

The price range for a 3-bedroom apartment in Albuquerque, NM is between $899 and $7,976.

In Albuquerque, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Albuquerque's rentals, 55% are small-scale complexes with under 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.

Studio apartments in Albuquerque are around 9% of rentals, while 1-bedroom floor plans represent 42% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.