Apartments for Rent in Albuquerque, NM

Prices and availability in Albuquerque, NM were last updated on 5 May 2026.

The best apartments in Albuquerque, NM are: Altezza High Desert, Acacia Gardens, Broadstone Towne Center, Arterra 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 $652 and $2,802.

The price range for a 1-bedroom apartment in Albuquerque, NM is between $640 and $4,531.

The price range for a 2-bedroom apartment in Albuquerque, NM is between $645 and $5,801.

The price range for a 3-bedroom apartment in Albuquerque, NM is between $899 and $5,839.

In Albuquerque 38% of the housing is rented out compared to 62% of homes are owned, according to the most recent Census Bureau estimates. 18% of Albuquerque's apartments are found in large buildings of 50 units or more, 54% are located in smaller apartment complexes with less than 50 units, and 26% 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.