Albuquerque, NM Rental Market Trends
Highlights
The average rent for an apartment in Albuquerque is $919, a 6% increase compared to the previous year.
Average Rent in Albuquerque, NM
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $919 | 6% | 812 sq. ft. |
The average size for a Albuquerque, NM apartment is 812 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-$70022%
- $701-$1,00049%
- $1,001-$1,50023%
- $1,501-$2,0004%
- > $2,0001%
Albuquerque, NM Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
90,916 or 41% of the households in Albuquerque, NM are renter-occupied while 130,203 or 58% are owner-occupied.
Albuquerque, NM Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Albuquerque, NM | $811 | $817 | $833 | $843 | $836 | $850 | $868 | $869 | $894 | $920 | $919 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Albuquerque, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| West Mesa | $671 |
| Vista Magnifica | $671 |
| Vecinos Del Bosque | $671 |
| Riverview Heights | $671 |
| Pat Hurley | $671 |
| Crestview Bluff | $671 |
| South San Pedro | $700 |
| Siesta Hills | $700 |
| Parkland Hills | $700 |
| La Mesa | $700 |
| Highland Business | $700 |
| Fair West | $700 |
| Elder Homestead | $700 |
| Trumbull Village | $729 |
| Stronghurst | $752 |
| Matthew Meadow | $752 |
| Los Griegos | $752 |
| Los Alamos | $752 |
| Lee Acres | $752 |
| Greater Gardner | $752 |
| Graceland Acres - Indian Acres | $752 |
| Gavilan Addition | $752 |
| Alta Monte | $752 |
| Santa Barbara - Martineztown | $753 |
| Broadway | $753 |
| Barelas | $753 |
| Winterwood Park | $757 |
| Willow Wood | $757 |
| Supper Rock - Eastrange Piedra Vista | $757 |
| South Los Altos | $757 |
| Singing Arrow | $757 |
| Sandia Vista | $757 |
| Mirabella Miravista | $757 |
| Manzano Manor | $757 |
| Juan Tabo Hills | $757 |
| Four Hills Village | $757 |
| Vista Del Mundo | $764 |
| Princess Jeanne | $764 |
| Embudo Canyon | $764 |
| Bel Air | $770 |
| Royal Heights North - Breeze at South Peak | $771 |
| Quail Ridge - Grandview Heights | $771 |
| Onate | $771 |
| North Eastern Albuquerque | $771 |
| Matheson Park | $771 |
| Kachina Hills | $771 |
| Jackson | $771 |
| Indian Moon | $771 |
| Indian Hills - Indian Ridge | $771 |
| Enchanted Park | $771 |
| Eastridge - Monterey Manor | $771 |
| Candelmen | $771 |
| Near North Valley | $771 |
| Sombra Del Monte | $773 |
| Inez | $773 |
| Uptown Albuquerque | $775 |
| Snow Heights | $775 |
| Sandia | $775 |
| Quigley Park | $775 |
| Pueblo Alto | $775 |
| Mossman | $775 |
| McKinley | $775 |
| McDuffie Twin Parks | $775 |
| Mark Twain | $775 |
| Jerry Cline Park | $775 |
| Fair Heights | $775 |
| Alvarado Park | $775 |
| Altura | $775 |
| Wells Park | $779 |
| Downtown Albuquerque | $779 |
| Rio Grande | $802 |
| Alvarado Gardens | $802 |
| Stardust Skies | $840 |
| Montgomery Park | $840 |
| Hodgin | $840 |
| Montgomery Heights - Luecking Park | $857 |
| San Antonio | $871 |
| Palomas Park | $871 |
| North Wyoming | $871 |
| North Hills | $871 |
| Jade Park | $871 |
| Heritage Hills | $871 |
| Del Norte | $871 |
| Countrywood | $871 |
| Bear Canyon | $871 |
| Arroyo Del Oso | $871 |
| Albuquerque Meadows | $871 |
| Academy Acres North | $871 |
| Valley Gardens | $885 |
| Westgate Heights | $910 |
| Stinson Tower | $910 |
| Skyview West | $910 |
| Los Volcanes | $910 |
| Avalon | $910 |
| Andreson Hills | $910 |
| Alamosa | $910 |
| Meadowlark | $938 |
| Loop Industrial District | $938 |
| Thomas Village | $943 |
| Sawmill | $943 |
| Old Town Albuquerque | $943 |
| Los Duranes | $943 |
| Huning Castle | $943 |
| Cibola | $944 |
| Volcano Cliffs | $959 |
| Nob Hill | $970 |
| Southeast Heights | $974 |
| West Bluff | $987 |
| Vista Vieja | $987 |
| Vista Grande | $987 |
| Villages of Parkwest | $987 |
| Tres Volcanes | $987 |
| Taylor Ranch | $987 |
| Story Rock | $987 |
| Santa Fe Village | $987 |
| S.R. Marmon | $987 |
| Rancho Sereno | $987 |
| Rancho Encantada | $987 |
| Quaker Heights | $987 |
| Petroglyph Estates | $987 |
| Parkway | $987 |
| Molten Rock | $987 |
| Laurel Wood | $987 |
| Las Terrazas | $987 |
| Las Lomitas | $987 |
| Ladera West | $987 |
| Ladera Heights | $987 |
| La Luz Del Sol | $987 |
| Andalucia | $987 |
| Alban Hills | $987 |
| Netherwood Park | $996 |
| Tanoan | $1,009 |
| San Gabriel - Mesa Airriba | $1,009 |
| Prospectors Ridge | $1,009 |
| Peppertree Royal Oak | $1,009 |
| Osuna Park | $1,009 |
| Oso Grande - Lincoln Green | $1,009 |
| Loma Del Rey | $1,009 |
| La Sala Grande | $1,009 |
| John B Robert | $1,009 |
| Holiday Park | $1,009 |
| High Desert | $1,009 |
| Glenwood Hills | $1,009 |
| ElDorado Heights | $1,009 |
| Eisenhower | $1,009 |
| Cielito Lindo - Candlelight Park | $1,009 |
| Cherry Hills | $1,009 |
| Candlelight Hills - Villa Del Rey | $1,009 |
| Antelope Run | $1,009 |
| Academy Ridge East | $1,009 |
| Academy Place | $1,009 |
| Academy Hills Park | $1,009 |
| Academy Estates East | $1,009 |
| Volcano Trails | $1,016 |
| Ventana Ranch | $1,030 |
| Tuscany - Paloma Del Sol | $1,030 |
| Tres Placitas | $1,030 |
| Trails West | $1,030 |
| Stonebridge | $1,030 |
| Skies West | $1,030 |
| Riverfronte Estates | $1,030 |
| Richland Hills | $1,030 |
| Piedras Marcadas | $1,030 |
| Eagle Ranch | $1,030 |
| Cottonwood Corners | $1,030 |
| San Jose | $1,038 |
| Spruce Park | $1,056 |
| Vineyard Estates | $1,246 |
| Quivera Estates | $1,246 |
| Quintessence | $1,246 |
| Nor Este | $1,422 |
| La Cueva Village | $1,422 |
| Yale Village | $1,455 |
| Victory Hills | $1,455 |
| University Heights - North Campus | $1,455 |
| Sycamore | $1,455 |
| Summit Park | $1,455 |
| Silver Hill | $1,455 |
| Kirtland | $1,455 |
| Clayton Heights - Lomas Del Cielo | $1,455 |
| Wildflower | $1,489 |
| West Vumoor | $1,489 |
| West La Cueva | $1,489 |
| North Domingo Baca | $1,489 |
The most affordable neighborhoods in Albuquerque are Crestview Bluff, where the average rent goes for $671/month, Pat Hurley, where renters pay $671/mo on average, and Riverview Heights, where the average rent goes for $671/mo. If you’re looking for other great deals, check out the listings from Vecinos Del Bosque ($671), Vista Magnifica ($671), and West Mesa ($671), where the asking prices are below the average Albuquerque rent of $919/mo.
The most expensive neighborhoods in Albuquerque are West La Cueva ($1,489), West Vumoor ($1,489) and Wildflower ($1,489).
The most popular neighborhood in Albuquerque is Del Norte, where there are 4 verified RENTCafé listings with an average rent of $871. Next up is S.R. Marmon, where apartments go for $987/month, followed by Cielito Lindo - Candlelight Park with $1,009 If you’re looking to rent in Albuquerque’s most popular neighborhoods, make sure to also check out ElDorado Heights, where renters pay $1,009 on average, and North Eastern Albuquerque, where the average monthly rent is $771.
Albuquerque | Rent Comparison by Neighborhood
Rent in Academy Acres North is 14% lower than in Academy Estates East
Academy Acres North rent is 5% lower than Albuquerque average
| Average Rent | $871 |
|---|
Academy Estates East rent is 10% higher than Albuquerque average
| Average Rent | $1,009 |
|---|
How Albuquerque Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Albuquerque | $919 | 6% |
| Santa Fe | $1,246 | 9% |
| Rio Rancho | $936 | 5% |
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.
Curious about listings in your area? Check out our apartments near you for more details!
Cheapest Listings on RENTCafé
- 9004 Menaul Blvd NE,
- La Vida Nueva Apt.
- Cinnamon Tree
- Sandia Vista Apt.
- White Oak Apartments
- Comanche Wells
- Tierra Pointe
- Mesa Ridge Apartments
- Lincoln Place Apartments
- Mission Hill Apartments
- The Pearl at Spring Creek
- The Retreat at Candelaria
- THE COURTYARD APARTMENT HOMES
- Sedona Ridge
- Sandia Valley
- La Vida Buena Apartments
- Mesa Verde
- Academy Terrace
- Vistas at Seven Bar Ranch
- Wyoming Place Apartments
Mid-priced Listings on RENTCafé
Most Expensive Listings on RENTCafé
- VILLA LA CHARLES
- Villas Del Cielo
- RiverWalk Puerta de Corrales*
- Tesoro on Spain
- Del Rio Apartments
- Vista Del Sol Apartments
- MOUNTAIN RUN
- CIBOLA VILLAGE
- SIERRA MEADOWS
- Canon de Arrowhead
- Eagle Ranch Apartments
- Zocalo Lofts (Quatro y Carbon)
- Ladera Vista Apartments
- La Mirage Apartment Homes
- Rancho Verde Apartments
- Broadstone Heights
- Las Kivas
- ABQ Uptown Apartments
- SkyStone Apartments
- HUNING CASTLE