Downtown Albuquerque, Albuquerque, NM Rental Market Trends
Last updated: May 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Albuquerque is $1,178, a 2.02% increase compared to the previous year, when the average rent was $1,155.
Studio Apartments at $929 offer the most budget-friendly option with 455 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 639 square feet for $1,179, balancing privacy and affordability.
Two-beedroom units at $1,517 offer 887 square feet, perfect for roommates or small families.
Average rent in Downtown Albuquerque, Albuquerque, NM
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,178 | 632 sq. ft. |
| Studio | $929 | 455 sq. ft. |
| 1 Bed | $1,179 | 639 sq. ft. |
| 2 Beds | $1,517 | 887 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Albuquerque, Albuquerque, NM rent trends
Rental prices in Downtown Albuquerque, Albuquerque, NM have increased by 2.02% over the past year. The average rent moved from $1,155 to $1,178.
What's the typical rent budget in Downtown Albuquerque, Albuquerque, NM?
The largest share of rentals in Downtown Albuquerque, Albuquerque, NM (56%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Albuquerque, Albuquerque, NM?
1,019 or 60% of the households in Downtown Albuquerque, Albuquerque, NM are renter-occupied while 668 or 40% are owner-occupied.
Most affordable neighborhoods in Downtown Albuquerque?
Manzano Manor $973/month
Princess Jeanne $983/month
South San Pedro $992/month
All of these neighborhoods fall below the city wide average of $1,387/month.Most expensive neighborhoods in Downtown Albuquerque?
Stonebridge $2,037/month
Clayton Heights - Lomas Del Cielo $2,384/month
Volcano Trails $2,581/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Albuquerque, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Volcano Trails | $2,581 |
| Clayton Heights - Lomas Del Cielo | $2,384 |
| Stonebridge | $2,037 |
| Nor Este | $1,964 |
| University Heights - North Campus | $1,717 |
| Southeast Heights | $1,664 |
| Academy Ridge East | $1,652 |
| Eagle Ranch | $1,634 |
| Tres Placitas | $1,609 |
| Taylor Ranch | $1,608 |
| Near North Valley | $1,446 |
| Cottonwood Corners | $1,423 |
| Osuna Park | $1,408 |
| Stardust Skies | $1,396 |
| Academy Estates East | $1,396 |
| Oso Grande - Lincoln Green | $1,387 |
| Quail Ridge - Grandview Heights | $1,347 |
| Academy Place | $1,342 |
| Andreson Hills | $1,336 |
| S.R. Marmon | $1,327 |
| ElDorado Heights | $1,321 |
| Huning Castle | $1,299 |
| Academy Acres North | $1,294 |
| Uptown Albuquerque | $1,226 |
| Del Norte | $1,216 |
| Arroyo Del Oso | $1,203 |
| Downtown Albuquerque | $1,178 |
| Los Volcanes | $1,174 |
| Netherwood Park | $1,124 |
| North Eastern Albuquerque | $1,122 |
| McKinley | $1,108 |
| West Mesa | $1,092 |
| Cielito Lindo - Candlelight Park | $1,082 |
| Montgomery Heights - Luecking Park | $1,067 |
| Santa Barbara - Martineztown | $1,046 |
| Singing Arrow | $1,007 |
| South San Pedro | $992 |
| Princess Jeanne | $983 |
| Manzano Manor | $973 |
Albuquerque | Rent Comparison by Neighborhood
Rent in Downtown Albuquerque is 9% lower than in Academy Acres North
Downtown Albuquerque rent is the same as Albuquerque average
Academy Acres North rent is 10% higher than Albuquerque average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Albuquerque apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.