Albuquerque, NM Rental Market Trends
Highlights
The average rent for an apartment in Albuquerque is $972, a 6% increase compared to the previous year.
Average Rent in Albuquerque, NM
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $972 | 6% | 811 sq. ft. |
The average size for a Albuquerque, NM apartment is 811 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
- < $5001%
- $501-$70017%
- $701-$1,00050%
- $1,001-$1,50024%
- $1,501-$2,0007%
- > $2,0001%
Albuquerque, NM Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
92,648 or 41% of the households in Albuquerque, NM are renter-occupied while 130,100 or 58% are owner-occupied.
Albuquerque, NM Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Oct / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Oct / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Albuquerque, NM | $843 | $836 | $850 | $868 | $869 | $894 | $921 | $920 | $928 | $928 | $972 |
| National | $1,378 | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |
Average Rent in Albuquerque, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Domingo Baca | $1,499 |
| West La Cueva | $1,499 |
| West Vumoor | $1,499 |
| Wildflower | $1,499 |
| Clayton Heights - Lomas Del Cielo | $1,475 |
| Kirtland | $1,475 |
| Silver Hill | $1,475 |
| Summit Park | $1,475 |
| Sycamore | $1,475 |
| University Heights - North Campus | $1,475 |
| Victory Hills | $1,475 |
| Yale Village | $1,475 |
| La Cueva Village | $1,452 |
| Nor Este | $1,452 |
| Quintessence | $1,327 |
| Quivera Estates | $1,327 |
| Vineyard Estates | $1,327 |
| Cottonwood Corners | $1,082 |
| Eagle Ranch | $1,082 |
| Piedras Marcadas | $1,082 |
| Richland Hills | $1,082 |
| Riverfronte Estates | $1,082 |
| Skies West | $1,082 |
| Stonebridge | $1,082 |
| Trails West | $1,082 |
| Tres Placitas | $1,082 |
| Tuscany - Paloma Del Sol | $1,082 |
| Ventana Ranch | $1,082 |
| Volcano Trails | $1,080 |
| Spruce Park | $1,080 |
| Alban Hills | $1,077 |
| Andalucia | $1,077 |
| La Luz Del Sol | $1,077 |
| Ladera Heights | $1,077 |
| Ladera West | $1,077 |
| Las Lomitas | $1,077 |
| Las Terrazas | $1,077 |
| Laurel Wood | $1,077 |
| Molten Rock | $1,077 |
| Parkway | $1,077 |
| Petroglyph Estates | $1,077 |
| Quaker Heights | $1,077 |
| Rancho Encantada | $1,077 |
| Rancho Sereno | $1,077 |
| S.R. Marmon | $1,077 |
| Santa Fe Village | $1,077 |
| Story Rock | $1,077 |
| Taylor Ranch | $1,077 |
| Tres Volcanes | $1,077 |
| Villages of Parkwest | $1,077 |
| Vista Grande | $1,077 |
| Vista Vieja | $1,077 |
| West Bluff | $1,077 |
| Academy Estates East | $1,076 |
| Academy Hills Park | $1,076 |
| Academy Place | $1,076 |
| Academy Ridge East | $1,076 |
| Antelope Run | $1,076 |
| Candlelight Hills - Villa Del Rey | $1,076 |
| Cherry Hills | $1,076 |
| Cielito Lindo - Candlelight Park | $1,076 |
| Eisenhower | $1,076 |
| ElDorado Heights | $1,076 |
| Glenwood Hills | $1,076 |
| High Desert | $1,076 |
| Holiday Park | $1,076 |
| John B Robert | $1,076 |
| La Sala Grande | $1,076 |
| Loma Del Rey | $1,076 |
| Oso Grande - Lincoln Green | $1,076 |
| Osuna Park | $1,076 |
| Peppertree Royal Oak | $1,076 |
| Prospectors Ridge | $1,076 |
| San Gabriel - Mesa Airriba | $1,076 |
| Tanoan | $1,076 |
| San Jose | $1,062 |
| Volcano Cliffs | $1,034 |
| Netherwood Park | $1,032 |
| Southeast Heights | $1,006 |
| Loop Industrial District | $1,002 |
| Meadowlark | $1,002 |
| Cibola | $1,002 |
| Nob Hill | $1,000 |
| Huning Castle | $989 |
| Los Duranes | $989 |
| Old Town Albuquerque | $989 |
| Sawmill | $989 |
| Thomas Village | $989 |
| Alamosa | $958 |
| Andreson Hills | $958 |
| Avalon | $958 |
| Los Volcanes | $958 |
| Skyview West | $958 |
| Stinson Tower | $958 |
| Westgate Heights | $958 |
| Academy Acres North | $943 |
| Albuquerque Meadows | $943 |
| Arroyo Del Oso | $943 |
| Bear Canyon | $943 |
| Countrywood | $943 |
| Del Norte | $943 |
| Heritage Hills | $943 |
| Jade Park | $943 |
| North Hills | $943 |
| North Wyoming | $943 |
| Palomas Park | $943 |
| San Antonio | $943 |
| Montgomery Heights - Luecking Park | $931 |
| Valley Gardens | $929 |
| Hodgin | $897 |
| Montgomery Park | $897 |
| Stardust Skies | $897 |
| Alvarado Gardens | $881 |
| Rio Grande | $881 |
| Alta Monte | $839 |
| Gavilan Addition | $839 |
| Graceland Acres - Indian Acres | $839 |
| Greater Gardner | $839 |
| Lee Acres | $839 |
| Los Alamos | $839 |
| Los Griegos | $839 |
| Matthew Meadow | $839 |
| Stronghurst | $839 |
| Near North Valley | $818 |
| Downtown Albuquerque | $810 |
| Wells Park | $810 |
| Bel Air | $808 |
| Candelmen | $806 |
| Eastridge - Monterey Manor | $806 |
| Enchanted Park | $806 |
| Indian Hills - Indian Ridge | $806 |
| Indian Moon | $806 |
| Jackson | $806 |
| Kachina Hills | $806 |
| Matheson Park | $806 |
| North Eastern Albuquerque | $806 |
| Onate | $806 |
| Quail Ridge - Grandview Heights | $806 |
| Royal Heights North - Breeze at South Peak | $806 |
| Inez | $802 |
| Sombra Del Monte | $802 |
| Embudo Canyon | $800 |
| Princess Jeanne | $800 |
| Vista Del Mundo | $800 |
| Altura | $799 |
| Alvarado Park | $799 |
| Fair Heights | $799 |
| Jerry Cline Park | $799 |
| Mark Twain | $799 |
| McDuffie Twin Parks | $799 |
| McKinley | $799 |
| Mossman | $799 |
| Pueblo Alto | $799 |
| Quigley Park | $799 |
| Sandia | $799 |
| Snow Heights | $799 |
| Uptown Albuquerque | $799 |
| Four Hills Village | $793 |
| Juan Tabo Hills | $793 |
| Manzano Manor | $793 |
| Mirabella Miravista | $793 |
| Sandia Vista | $793 |
| Singing Arrow | $793 |
| South Los Altos | $793 |
| Supper Rock - Eastrange Piedra Vista | $793 |
| Willow Wood | $793 |
| Winterwood Park | $793 |
| Barelas | $780 |
| Broadway | $780 |
| Santa Barbara - Martineztown | $780 |
| Trumbull Village | $765 |
| Elder Homestead | $736 |
| Fair West | $736 |
| Highland Business | $736 |
| La Mesa | $736 |
| Parkland Hills | $736 |
| Siesta Hills | $736 |
| South San Pedro | $736 |
| Crestview Bluff | $681 |
| Pat Hurley | $681 |
| Riverview Heights | $681 |
| Vecinos Del Bosque | $681 |
| Vista Magnifica | $681 |
| West Mesa | $681 |
The most affordable neighborhoods in Albuquerque are Crestview Bluff, where the average rent goes for $681/month, Pat Hurley, where renters pay $681/mo on average, and Riverview Heights, where the average rent goes for $681/mo. If you’re looking for other great deals, check out the listings from Vecinos Del Bosque ($681), Vista Magnifica ($681), and West Mesa ($681), where the asking prices are below the average Albuquerque rent of $972/mo.
The most expensive neighborhoods in Albuquerque are West La Cueva ($1,499), West Vumoor ($1,499) and Wildflower ($1,499).
The most popular neighborhood in Albuquerque is Del Norte, where there are 4 verified RENTCafé listings with an average rent of $943. Next up is Barelas, where apartments go for $780/month, followed by Eastridge - Monterey Manor with $806 If you’re looking to rent in Albuquerque’s most popular neighborhoods, make sure to also check out Los Volcanes, where renters pay $958 on average, and S.R. Marmon, where the average monthly rent is $1,077.
Albuquerque | Rent Comparison by Neighborhood
Rent in Academy Acres North is 12% lower than in Academy Estates East
Academy Acres North rent is 3% lower than Albuquerque average
| Average Rent | $943 |
|---|
Academy Estates East rent is 11% higher than Albuquerque average
| Average Rent | $1,076 |
|---|
How Albuquerque Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Albuquerque | $972 | 6% |
| Santa Fe | $1,291 | 4% |
| Rio Rancho | $987 | 5% |
| Las Cruces | $860 | 5% |
| Los Lunas | $1,178 | n/a |
| Los Ranchos de Albuquerque | $1,046 | 6% |
For more information about the Albuquerque rental trends, check out our monthly rent report
Check out New Mexico Cities, New Mexico Neighborhoods and New Mexico Zip Codes for more details on verified listings, including the New Mexico Average Rent.
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