Albuquerque, NM Rental Market Trends

Highlights

The average rent for an apartment in Albuquerque is $865, a 3% increase compared to the previous year, when the average rent was $839.

Average Rent in Albuquerque, NM

Last updated Feb 2019
Average Rent Y-o-Y Change Average Apartment Size
$865 3% 841 sq. ft.

The average size for a Albuquerque, NM apartment is 841 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Albuquerque, NM Apartment Rent Ranges

  • < $5003%
  • $501-$70028%
  • $701-$1,00049%
  • $1,001-$1,50017%
  • $1,501-$2,0003%
  • > $2,0001%

Albuquerque, NM Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Albuquerque, NM $791 $800 $810 $816 $832 $839 $834 $834 $865
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Albuquerque, NM By Neighborhood

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The most affordable neighborhoods in Albuquerque are Crestview Bluff, where the average rent goes for $667/month, Pat Hurley, where renters pay $667/mo on average, and Riverview Heights, where the average rent goes for $667/mo. If you’re looking for other great deals, check out the listings from Vecinos Del Bosque ($667), Vista Magnifica ($667), and West Mesa ($667), where the asking prices are below the average Albuquerque rent of $865/mo.

The most expensive neighborhoods in Albuquerque are University Heights - North Campus ($1,471), Victory Hills ($1,471) and Yale Village ($1,471).

Albuquerque | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Academy Acres North is 11% lower than in Academy Estates East

$828

Academy Acres North rent is 4% lower than Albuquerque average

Average Rent $828
$929

Academy Estates East rent is 7% higher than Albuquerque average

Average Rent $929

How Does Albuquerque Compare to Nearby Cities

Average Rent Y-o-Y Change
Albuquerque $865 3%
Los Ranchos de Albuquerque $925 6%
North Valley $970 9%
Paradise Hills $959 6%
Carnuel $710 1%
Edith Endave $1,006 9%
Isleta Village Proper $667 n/a
Pajarito Mesa $859 n/a

For more information about the Albuquerque rental trends, check out our monthly rent report

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Mid-priced Listings on RENTCafé

Most Expensive Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Albuquerque apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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