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Rental market trends in Albuquerque, NM

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Average Rent in Albuquerque, NM

Avg. RentAnnual Change
Studio - $837-2%
1 Bed - $1,080-8%
2 Beds - $1,546+15%
Last updated 3/22/2023

Average Apartment Cost in Albuquerque, NM

The average rent for apartments in Albuquerque, NM, is between $837 and $1,546 in 2023. For a studio apartment in Albuquerque, NM, the average rent is $837. When it comes to 1-bedroom apartments, the average rent in Albuquerque, NM, is $1,080. For a 2-bedroom apartment, the average rent is $1,546.

Apartment Rent Ranges in Albuquerque, NM

Apartment Prices

Neighborhood Apartment Rent Trends in Albuquerque, NM

NeighborhoodStudio Avg RentAnnual Change
Nor Este$1,499+1%
Nob Hill$1,375+15%
Southeast Albuquerque$1,113-4%
Victory Hills$1,113-4%
Northwest Albuquerque$1,000-1%
North Campus$1,000--
Academy Acres North$950--
Del Norte$944-22%
North Easterns$885+6%

How Other Cities Compare to Albuquerque, NM

City1 Bed Avg RentAnnual Change
Rio Rancho$1,152+12%

Albuquerque, NM Rent Trends

Neighborhood Information for Albuquerque, NM

What are the most affordable neighborhoods in Albuquerque, NM?

The most affordable neighborhoods in Albuquerque are Uptown, where the average 1-bedroom apartment rent goes for $729, Jerry Cline Park, where renters pay $750 on average for a 1-bedroom apartment, and Singing Arrow, where the average 1-bedroom apartment rent goes for $772. If you're looking for other great deals, check out the listings in La Mesa ($795 for a 1-bedroom apartment) or Trumbull Village ($850 for a 1-bedroom apartment), compared to the $1,080 average for an Albuquerque 1-bedroom apartment.