Rental market trends in Albuquerque, NM
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Average Apartment Cost in Albuquerque, NM
Apartment Rent Ranges in Albuquerque, NM
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Albuquerque, NM
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Nor Este | $1,499 | +1% |
| Nob Hill | $1,375 | +15% |
| Sycamore | $1,323 | -- |
| 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% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Westgate Heights | $2,124 | +52% |
| Downtown | $2,000 | -- |
| High Desert | $1,937 | -1% |
| Huning Castle | $1,795 | +16% |
| Nor Este | $1,753 | +3% |
| Sycamore | $1,737 | +4% |
| Southwest Albuquerque | $1,454 | -9% |
| Seven Bar Ranch | $1,451 | +7% |
| Northwest Albuquerque | $1,376 | +2% |
| University Heights | $1,295 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| University Heights | $3,000 | -- |
| Southwest Albuquerque | $2,345 | +46% |
| Westgate Heights | $2,302 | +43% |
| Uptown | $2,257 | -7% |
| High Desert | $2,245 | 0% |
| Nob Hill | $2,200 | +16% |
| Nor Este | $2,061 | +1% |
| Sycamore | $1,990 | -1% |
| Huning Castle | $1,945 | -- |
| Near North Valley | $1,800 | -- |
How Other Cities Compare to Albuquerque, NM
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Rio Rancho | $1,152 | +12% |
| Belen | $1,100 | -- |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Los Ranchos De Albuquerque | $1,300 | -- |
| Rio Rancho | $1,100 | -5% |
| Los Lunas | $1,000 | -- |
| Moriarty | $800 | +7% |
Albuquerque, NM Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 | $837 |
| $1137 | $1137 | $1092 | $1117 | $1116 | $1132 | $1135 | $1137 | $1155 | $1139 | $1137 | $1107 | $1107 |
| $1345 | $1378 | $1472 | $1481 | $1513 | $1550 | $1627 | $1613 | $1619 | $1512 | $1620 | $1617 | $1548 |
| $1846 | $1846 | $1846 | $1823 | $1860 | $1997 | $2001 | $1926 | $1958 | $1919 | $1927 | $1863 | $1863 |
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.
What are the most expensive neighborhoods in Albuquerque, NM?
The most expensive neighborhoods in Albuquerque are Westgate Heights, where the average 1-bedroom apartment rent goes for $2,124, Downtown, where renters pay $2,000 on average for a 1-bedroom apartment, and High Desert, where the average 1-bedroom apartment rent goes for $1,937. If you're looking for other premium neighborhoods, check out the listings in Huning Castle ($1,795 for a 1-bedroom apartment) or Nor Este ($1,753 for a 1-bedroom apartment), compared to the $1,080 average for an Albuquerque 1-bedroom apartment.
What are the most popular neighborhoods in Albuquerque, NM?
The most popular 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 Carlisle, where the average 1-bedroom apartment rent goes for $1,150. If you're looking for other popular neighborhoods, check out the listings in Altura ($945 for a 1-bedroom apartment) or South San Pedro ($865 for a 1-bedroom apartment), compared to the $1,080 average for an Albuquerque 1-bedroom apartment.
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