Overview of Albuquerque
Welcome to Albuquerque, New Mexico's largest city located along a scenic backdrop of majestic mountains. It's no coincidence that the city has made its way onto many "best of" lists over the years for its laid-back atmosphere and abundance of outdoor recreation. There's always something happening here! Boasting 310 days of sun each year, Albuquerque's weather is just one of its most appealing features. From modern complexes to Spanish Colonial architecture, Albuquerque apartments are as diverse as the area's landscape. Learn more about why Albuquerque is the ideal place to live.
Albuquerque Apartments & Cost of Living
Whether a renter is looking for a modern complex, classic style architecture or a historic façade, they'll be able to find something to suit their needs in Albuquerque. Although apartments in Albuquerque NM rent for just around the national average, they are less costly than apartments in other major U.S. cities. According to PayScale, the overall cost of living is 3 percent lower than the national average, and utilities are a whopping 14 percent lower. Healthcare is 3 percent lower and transportation is 4 percent lower.
Neighborhoods in Albuquerque
One of the most popular communities in Albuquerque is Ventana Ranch, a planned community home to about 10,000 residents. Home to the Central New Mexico Community College, this neighborhood welcomes many young families, students and empty nesters. Many homes in the Old Town neighborhood and downtown are listed on the U.S National Register of Historic Places, making both areas ideal for people looking for a bit of character in their rentals. Nob Hill is another great neighborhood for students seeking Albuquerque apartments for rent, as the University of New Mexico is located here. This premier dining and shopping destination is one of the hippest spots across Albuquerque and is known for its diverse housing options. Looking for something a bit closer to nature? North Valley is lush with green spaces, large fields and some of the region's most affluent residents.
Albuquerque NM Work & Study
Apartments in Albuquerque are smack dab in the middle of New Mexico's economic center. The diverse economic base in this city consists of prosperous industries such as tourism, manufacturing, research and development, government, services, trade and agriculture. The city is home to more than 700 manufacturing firms and a large amount of high-tech companies. The area's major employers include Intel, GE, General Mills, Sandia National Laboratories and the Kirtland U.S. Air Force Base.
Albuquerque is also home to a diverse array of colleges and universities, and many apartments are occupied by students. Schools in the area include Central New Mexico Community College, University of New Mexico and Southwest University of Visual Arts.