Are apartments in Albuquerque expensive?

Apartments for rent in Albuquerque, New Mexico are relatively affordable compared to other large cities in the country. The median rent in Albuquerque is about $1,212 per month, and here’s what you can expect to pay based on unity type: - 1BR : $997 per month - 2BR : $1,275 per month If you venture into Albuquerque’s suburban neighborhoods, such as Rio Rancho, Santo Domingo Pueblo, and Los Lunas, you’ll find great rental options at lower costs while still enjoying many of the city’s amenities.

How much do you need to make to live in Albuquerque?

To live comfortably in Albuquerque, it’s wise to follow the 30% rule, which suggests you spend no more than 30% of your monthly income on rent. For example, if you’re renting a one-bedroom for $997 per month, you should make about $3,323 to live there comfortably. You can use our rent calculator to estimate what you can afford for apartment rentals in Albuquerque, NM.

What’s the average cost of living in Albuquerque, NM?

With living costs slightly below the national median, Albuquerque is an affordable option for those looking for a new home in New Mexico. The monthly cost of living in Albuquerque is typically about $4,040. This factors in housing, utilities, dining, and entertainment.

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Apartments for Rent in Albuquerque, NM

412 rentals available

Treehouse Apartments
$954
4610 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 210-8871
Rent Savings
8 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Natural Haven
Green spaces and convenience blend perfectly here
Treehouse Apartments boasts lush landscapes and ample green spaces that residents love. Located near top conveniences like schools, dining, and shopping, its position caters perfectly to both leisurely and work-centric lifestyles. Residents praise the dedicated dog park and swimming pool facilities, completing the ideal living environment.
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Copper Hills
4200 Spanish Bit St NE, Albuquerque, NM 87111
(505) 560-1787
$899+ moTotal price12-mo lease
Rent Savings
6 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Nature Proximity
Scenic Living and Modern Amenities
Copper Hills provides a harmonious blend of nature and modern living, ideally located near the Cibola National Forest. Enjoy spacious, well-designed interiors and exceptional amenities such as two superb swimming pools and a playground. Pets are welcome, with both cats and dogs enjoying the on-site dedicated dog park.
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River Walk at Puerta De Corrales
$1,069
3405 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 587-0990
Rent Savings
39 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Award-Winning Living
Tranquil community with lush landscaping and great amenities.
Voted the Best Apartments in 2023, River Walk offers a serene lifestyle with lush landscaping and resort-like amenities. Located in Puerta De Corrales, it provides convenient access to shopping, dining, and entertainment. With amenities like two swimming pools, a fitness center, and a dog park, it's ideal for those who enjoy relaxation and active living.
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Chelsea Village Apartments
$910
7100 Natalie Ave NE, Albuquerque, NM 87110
(878) 728-9853
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Garage, Recently renovated, Stainless steel + more
Exceptional Value
Modern comfort in a vibrant Albuquerque neighborhood.
Discover Chelsea Village Apartments, where style meets comfort. Enjoy modern, newly renovated apartments with outstanding amenities like a pool, fitness center, and playground. With cats and dogs allowed, pet lovers and their furry friends will feel at home. Located in the vibrant Stardust Skies Park neighborhood, residents are a short walk from diverse dining, entertainment options, and parks.
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The Reserve Apartments
1001 Tramway Blvd NE, Albuquerque, NM 87112
(276) 322-8776
$1,118+ moTotal price12-mo lease
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Scenic Escape
Refreshing Albuquerque views, vibrant community, unmatched living experience.
The Reserve Apartments offers a vibrant living experience in a serene environment. Located in Albuquerque's Panorama Heights, residents appreciate the scenic foothill views and the well-maintained landscaping. The community offers great value as it is priced below the metro average. You can enjoy amenities such as a tennis court, fitness center, or relax by the pool.
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Villa Serena
$1,199
12700 Indian School Rd NE, Albuquerque, NM 87112
(505) 591-9523
Rent Savings
8 units available
1 bed • 2 bed
Amenities
24hr laundry, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance, Cable included + more
View Oasis
Stunning Views and Prime Location in Albuquerque
Villa Serena in Albuquerque offers breathtaking views of the city skyline and mountains, perfect for anyone seeking a picturesque living experience. The community boasts a superb range of amenities, including a fitness center, swimming pool, and beautifully maintained grounds. Positioned close to shopping and dining, Villa Serena ensures that entertainment and convenience are always within reach.
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Odyssey
$907
10600 Cibola Loop Northwest, Albuquerque, NM 87114
(910) 838-6290
26 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Patio / balcony, Dishwasher, Pet friendly, Garage, 24hr gym + more
Community Comfort
Top-favorited in a popular, convenient neighborhood
Odyssey offers a vibrant community in the popular Seven Bar North neighborhood of Albuquerque. Residents relish the well-maintained amenities, including a fitness center and pool, in a safe, calm locale. The property's popularity speaks volumes—it’s a top-favorited spot with excellent concierge service and responsive management.
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Encanto Lofts
$705
4501 Shepard Rd NE, Albuquerque, NM 87110
(505) 657-2260
Rent Savings
36 units available
Studio • 1 bed • 2 bed
Amenities
Patio / balcony, Pet friendly, Parking, Recently renovated, Gym, Pool + more
Ideal Location
Newly Renovated Encanto Lofts Offer Pet-Friendly Living.
Encanto Lofts is freshly renovated and offers a lifestyle of convenience in Albuquerque. Located close to major attractions like downtown, uptown, and the University of New Mexico, it also provides easy access to public transportation and key highways. Residents enjoy modern amenities including a gym, three resort-style pools, and a dog park that make daily living a joy.
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Monterey Manor Apartments
$825
12201 Lomas Boulevard Northeast, Albuquerque, NM 87112
(941) 883-9997
6 units available
1 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Pet friendly, Parking, Recently renovated, Stainless steel + more
Cost-Effective Living
Affordable style and comfort in vibrant Albuquerque.
Monterey Manor Apartments offer a fantastic living experience in Albuquerque, perfectly combining style, comfort, and a vibrant community feel. Tenants love the accessible location with easy reach to shops, entertainment, and parks. Enjoy the luxury of no admin fees, security deposits, and low application fees. Plus, both cats and dogs are welcome here!
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Palazzo Apartments
$850
14124 Copper Ave NE, Albuquerque, NM 87123
(448) 288-3095
10 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Pet friendly, Parking, Recently renovated, Stainless steel + more
Modern Oasis
Stylish living near parks and outdoor activities.
Palazzo Apartments offers a unique blend of modern living and outdoor enjoyment. Set in a vibrant neighborhood, the community is surrounded by enticing parks and trails perfect for hiking and biking enthusiasts. Residents adore the newly remodeled units with state-of-the-art finishes and enjoy pet-friendly policies that make it convenient for both dogs and cats.
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Solaire
$1,260
3550 Old Airport Rd NW, Albuquerque, NM 87114
(505) 605-6524
20 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Convenient Living
Exceptional amenities and vibrant local community.
Solaire Apartments offers a blend of modern comfort and vibrant surroundings, just minutes from downtown Albuquerque. Enjoy a plethora of amenities, including a resort-inspired pool, fitness center, and clubhouse. Residents cherish the pet-friendly atmosphere with an onsite dog park and the property's proximity to fantastic dining, entertainment, and shopping options.
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Altezza High Desert
$1,395
6000 Cortaderia Street Northeast, Albuquerque, NM 87111
(505) 448-0286
Rent Savings
28 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Putting green, Patio / balcony, Granite counters, Hardwood floors, Dishwasher + more
Stunning Views
Experience Breathtaking Views and Ultimate Serenity
Altezza High Desert offers breathtaking views of the Sandia Mountains, creating a serene living environment. Residents enjoy a wide array of amenities such as two resort-style pools, a 24-hour fitness center, and a welcoming pet-friendly community. The scenic location offers easy access to hiking and biking trails, perfect for active lifestyles.
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Peaks at Sandia View
$975
1501 Indian School Road Northeast, Albuquerque, NM 87102
(505) 560-3372
Rent Savings
20 units available
1 bed • 2 bed
Amenities
24hr laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Vibrant Lifestyle
Enjoy Albuquerque's Charm and Accessibility
Peaks at Sandia View offers a vibrant lifestyle in Albuquerque. With a wonderful mix of dining, shopping, and entertainment close by, you'll love the convenience and charm of city living. The pet-friendly environment, complete with a relaxing courtyard and modern amenities like a gym and pool, makes every day enjoyable.
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The Aubry
9180 Coors Boulevard Northwest, Albuquerque, NM 87120
(505) 510-2984
$1,028+ moTotal price13-mo lease
28 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxury Comfort
Discover upscale living with luxury comforts nearby.
The Aubry offers a serene and luxurious living environment with beautifully appointed layouts complemented by exquisite amenities like a sparkling pool, gym, and BBQ area. Residents praise the friendly and attentive management and maintenance teams. Cats and dogs are welcome at this comfortable and stylish apartment community in Northwest Albuquerque.
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Villas de la Terraza
$899
6401 Academy Road NE, Albuquerque, NM 87109
(580) 217-3414
21 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Walk in closets + more
Convenient Location
Prime location near shopping and dining!
Villas de la Terraza Apartments offer an unbeatable location in Albuquerque, just a stone's throw away from shopping centers and dining options. Enjoy modern living with spacious closets, balconied apartments, and a refreshing pool. Cats and dogs are welcome, complementing the pet-friendly environment.
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The Overlook
$1,150
6200 Eubank Boulevard NE, Albuquerque, NM 87111
(505) 588-4448
48 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Carport, Stainless steel + more
Pet Paradise
Prime locale near parks, top dining, and fun.
Enjoy a lively community with vibrant local attractions and amenities. The Overlook Apartments in Albuquerque boasts excellent accessibility to top dining spots, scenic parks, and entertainment venues, making weekends leisurely and exciting. With both dogs and cats allowed, our pet-friendly community is perfect for animal lovers seeking a home in a delightful neighborhood.
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The average rent for a 1 bedroom apartment in Albuquerque is $1,256+, while the average rent for a 2 bedroom apartment is $1,536+. Rent rates updated 6 days ago

Studio: $989+Trending up
1 Bed: $1,256+Trending up
2 Beds: $1,536+Trending up
3+ Beds: $1,872+Trending up

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Albuquerque

Westgate Heights
View 15 listings
What it’s like to live in Westgate Heights
Elevated views define Westgate Heights, where Albuquerque's western mesa neighborhood offers spectacular Sandia Mountain panoramas across the Rio Grande Valley. Most rentals feature more generous space than comparable eastside options, while the developing commercial district continues adding amenities reducing trips to more congested areas. Though requiring longer downtown commutes than central neighborhoods, strategic positioning near I-40 creates reasonable travel times despite geographical distance, while significantly more living space and mountain views typically compensate for increased commuting time increasingly accepted as remote work trends reduce daily office requirements transforming housing priorities beyond purely commute-based considerations which previously dominated location decisions.
Great for
Affluent Families
Luxury Renters
Professionals
Retirees
Neighborhood vibe
Scenic
Established
Residential
View 15 listings
South San Pedro
View 12 listings
What it’s like to live in South San Pedro
First-time renters appreciate 1970s adobe-style units near Lavanderia Park playgrounds and the eclectic San Pedro Flea Market. Quick I-25 access aids commuters, while community gardens provide free summer produce. Limited nightlife but strong neighborhood watch programs enhance safety.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial
View 12 listings
Nob Hill
View 10 listings
What it’s like to live in Nob Hill
Nob Hill buzzes with creative energy where this beloved Albuquerque district showcases Route 66 heritage through preserved architecture and distinctive local businesses along Central Avenue. Renters enjoy genuine walkability to independent shops, global dining options, and entertainment venues creating enviable urban convenience rare for typically car-dependent southwestern cities. Property age brings occasional maintenance considerations in older buildings, but urban enthusiasts love both the neighborhood's distinctive mid-century character and strategic positioning between UNM campus and downtown with excellent public transportation options despite occasional parking challenges during popular restaurant hours.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial
View 10 listings

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Find Apartments in Albuquerque, New Mexico

Albuquerque, New Mexico is a vibrant city where hot air balloons fill the sky and the Sandia Mountains call for adventure. Known locally as ABQ, the city offers something for everyone, from its chile-infused cuisine to its bustling brewery scene. The colorful galleries of Old Town and ancient Native American sites provide endless exploration for both residents and visitors alike.

Central Avenue runs through some of Albuquerque’s most popular neighborhoods, including Nob Hill, Old Town, and Midtown. These areas are rich with trendy restaurants and cultural venues, ideal if you want to be in the heart of the action. The University of New Mexico sits adjacent to Midtown, offering students easy access to campus and the nearby nightlife. And ABQ Ride, the city’s public transit system, makes commuting around town convenient, whether to the university or other bustling parts of the city.

There’s a wide variety of apartments to rent in Albuquerque that suit different needs and lifestyles. And you can forget the hours of scrolling through Google results for “apartments for rent near me.” Apartment List simplifies finding the best ABQ apartments with our AI-powered Renter Quiz. We’ll quickly match you with listings tailored to your preferences, with filters for amenities like:

– Garage parking
– Laundry facilities
– Pet-friendly courtyards
– Spacious floorplans
– Fitness centers
– Access to transit

Whether you’re looking for a pet-friendly apartment in the North Valley or a spacious two-bedroom with city views, we’ll deliver personalized listings for apartments in Albuquerque, New Mexico that meet your needs.

Frequently Asked Questions (FAQs)

Apartments for rent in Albuquerque, New Mexico are relatively affordable compared to other large cities in the country. The median rent in Albuquerque is about $1,212 per month, and here’s what you can expect to pay based on unity type:
- - 1BR: $997 per month
- - 2BR: $1,275 per month
If you venture into Albuquerque’s suburban neighborhoods, such as Rio Rancho, Santo Domingo Pueblo, and Los Lunas, you’ll find great rental options at lower costs while still enjoying many of the city’s amenities.

Apartments for Rent in Albuquerque, NM

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

Westgate Heights

What it’s like to live in Westgate Heights

Great for

Neighborhood vibe

South San Pedro

What it’s like to live in South San Pedro

Great for

Neighborhood vibe

Nob Hill

What it’s like to live in Nob Hill

Great for

Neighborhood vibe

More Rental Options

Find Apartments in Albuquerque, New Mexico

Frequently Asked Questions (FAQs)

Are apartments in Albuquerque expensive?

How much do you need to make to live in Albuquerque?

What’s the average cost of living in Albuquerque, NM?