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

406 rentals available

Crescent Ridge
$952
8200 Bridge Boulevard Southwest, Albuquerque, NM 87121
(505) 578-1977
Rent Savings
35 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Pet friendly, Recently renovated, Gym, Pool, Air conditioning + more
Comprehensive Amenities
Relaxed living with everything at hand in Albuquerque
Crescent Ridge offers an array of amenities, including a resort-style pool, fitness center, and multiple basketball courts, ensuring a vibrant living experience. Situated in Albuquerque, the property is in close proximity to shops and the freeway, providing excellent convenience. The community is pet-friendly and boasts beautifully maintained grounds. Enjoy the added comfort of in-unit laundry facilities and modern appliances.
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Villas de la Terraza
$1,025
6401 Academy Road NE, Albuquerque, NM 87109
(580) 217-3414
19 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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5.0
Eagle Ranch Apartments
$1,154
9270 Eagle Ranch Road NW, Albuquerque, NM 87114
(505) 551-0593
Rent Savings
Top rated for Location
“NA”
14 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, 24hr maintenance + more
Convenient Locale
Ideally placed near shopping and dining options.
Eagle Ranch Apartments boasts a strategic location in the desirable Paradise Hills Civic neighborhood, offering fantastic access to local shopping and dining options just steps away. Cats and dogs are welcome in this vibrant community, which features impressive amenities such as a gym, pool, and clubhouse. Residents speak highly of the friendly and efficient staff, enjoying the well-maintained grounds and easy lifestyle the property offers.
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Mont 44
$964
4401 Montgomery Blvd NE, Albuquerque, NM 87109
(505) 587-5834
Rent Savings
19 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, All utils included, 24hr maintenance + more
Prime Value
Exceptional Albuquerque living in ideal location.
Discover Mont44 Apartments in Albuquerque, where a sense of community and outstanding amenities converge. The property offers a mix of spacious units that offer great value in this prime location. Cats and dogs are welcome, allowing you to enjoy this pet-friendly lifestyle. The central location provides quick access to numerous parks, trails, and shopping centers.
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Chelsea Village Apartments
$910
7100 Natalie Ave NE, Albuquerque, NM 87110
(878) 728-9853
19 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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Broadstone Heights
$1,499
8100 Barstow Street NE, Albuquerque, NM 87122
(505) 591-4472
Rent Savings
22 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Modern Living
Conveniently located with exceptional amenities.
Experience exceptional living at Broadstone Heights, offering delightful apartment comforts and fantastic amenities. Situated in a prime location, residents have access to Albuquerque's best attractions, dining, and entertainment. This pet-friendly community caters to both cats and dogs, providing a warm and inviting atmosphere.
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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
24 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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VIA
$801
4321 Montgomery Blvd NE, Albuquerque, NM 87109
(505) 594-0167
Rent Savings
23 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Convenient Location
Spacious, pet-friendly apartments with easy commuting options.
Via Apartments boasts a fantastic location in Albuquerque, offering convenient access to public transportation, shopping centers, and a wide variety of dining options. Residents enjoy spacious layouts and ample storage options in units that welcome both cats and dogs. The community atmosphere is complemented by a pool, gym, and friendly staff, creating a serene and enjoyable living experience.
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Mountain Run
$1,195
5800 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 221-5207
Rent Savings
51 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Dogs allowed, Carport + more
Scenic Serenity
Modern luxury near trails and conveniences.
Mountain Run offers a perfect retreat with modern comforts and serene surroundings. Nestled close to hiking trails and reputed schools, it provides a peaceful living environment. Local reviews commend the friendly atmosphere and excellent management. Amenities like a heated pool and dog park enhance the living experience.
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Solaire
$1,255
3550 Old Airport Rd NW, Albuquerque, NM 87114
(505) 605-6524
24 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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Cinnamon Tree
$649
7220 Central Avenue Southeast, Albuquerque, NM 87108
(505) 717-0019
Rent Savings
57 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Dishwasher, Pet friendly, 24hr maintenance, Carport, Walk in closets + more
Prime Location
Spacious living with enhanced amenities and scenic views.
Cinnamon Tree in Albuquerque offers exceptional apartment living with a variety of floor plans and amenities, including a gym, pool, and pet park. Located in a vibrant area with numerous nearby parks, schools, and restaurants, residents experience both excitement and tranquility. Well-maintained grounds and a helpful management team add to the appeal.
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Palazzo Apartments
$850
14124 Copper Ave NE, Albuquerque, NM 87123
(448) 288-3095
8 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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Odyssey
10600 Cibola Loop Northwest, Albuquerque, NM 87114
(910) 838-6290
$907+ moTotal price12-mo lease
24 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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Retreat at Candelaria
$928
3011 Jane Pl NE, Albuquerque, NM 87111
(505) 484-2449
Rent Savings
22 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Cable included + more
Peaceful Retreat
Tranquil living with scenic mountain views
The Retreat at Candelaria offers a peaceful haven located in Albuquerque's serene Northeast Heights. With its proximity to numerous top-rated schools and access to I-40 and Route 66, this property provides both convenience and respite. Residents enjoy three pools, basketball courts, and beautiful courtyards with breathtaking Sandia Mountain views.
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River Rock Apartments
$850
12301 Lomas Blvd NE, Albuquerque, NM 87112
(470) 722-8168
11 units available
1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, Parking, Recently renovated, Stainless steel, Walk in closets + more
Convenient Living
Vibrant Albuquerque living near local delights
River Rock Apartments offers a cost-effective living experience in Albuquerque, surrounded by a diverse range of dining and entertainment options. Cats and dogs are welcome, and the property is equipped with convenient amenities such as on-site laundry, a swimming pool, and a beautifully maintained courtyard. The attentive management team and well-maintained facilities guarantee a pleasant living environment.
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River Walk at Puerta De Corrales
$1,079
3405 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 587-0990
Rent Savings
33 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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The average rent for a 1 bedroom apartment in Albuquerque is $1,256+, while the average rent for a 2 bedroom apartment is $1,539+. Rent rates updated 8 days ago

Studio: $973+Trending down
1 Bed: $1,256+Trending down
2 Beds: $1,539+Trending down
3+ Beds: $1,868+Trending down

* 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 10 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 10 listings
Paradise Hills Civic
View 9 listings
What it’s like to live in Paradise Hills Civic
Mountain views reward residents of Paradise Hills Civic, where this northwestern Albuquerque neighborhood sits at higher elevation capturing dramatic Sandia Mountain vistas. Rental homes typically feature desert-adaptive landscaping, mountain panoramas, and more space than similarly priced properties closer to downtown. While the area offers excellent access to both Petroglyph National Monument and Cottonwood Mall shopping, the removed location means longer commutes to downtown employment centers despite the natural beauty. Perfect for outdoor enthusiasts who prioritize mountain proximity over urban accessibility who don't mind additional driving for daily needs.
Great for
Affluent Families
Luxury Renters
Professionals
Retirees
Neighborhood vibe
Scenic
Established
Residential
View 9 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

Paradise Hills Civic

What it’s like to live in Paradise Hills Civic

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?