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.

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Apartments for Rent in Albuquerque, NM

423 rentals available

Lomas Gardens
$815
12601 Lomas Boulevard Northeast, Albuquerque, NM 87112
(505) 509-5987
3 units available
1 bed • 2 bed
Amenities
On-site laundry, Parking, Range, and Refrigerator
Convenient Access
Enjoy scenic views and nearby Albuquerque amenities
Lomas Gardens stands out with its beautiful balconies, offering scenic views and fresh air. Residents enjoy ease with on-site laundry and off-street parking. The location provides convenient access to shops, restaurants, and parks, offering plenty of nearby activities.
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The Portals
$845
1180 Alvarado Drive SE, Albuquerque, NM 87108
(505) 370-4554
1 unit available
1 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Gym + more
Convenience Galore
Prime location with enhanced security and easy mobility
The Portals offers a peaceful living experience in Albuquerque with a focus on security and convenience. Residents benefit from on-site laundry and a secure gated community. With easy access to parks, shops, and restaurants, everything is just at your fingertips.
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505 Central
$1,400
505 Central Avenue Northwest, Albuquerque, NM 87102
(505) 551-0292
1 unit available
Studio
Amenities
In unit laundry, Dishwasher, Pet friendly, Stainless steel, Air conditioning, Microwave + more
Downtown Charm
Vibrant Downtown Living With Modern Conveniences
505 Central offers a prime downtown Albuquerque location, providing easy access to an array of local attractions and conveniences. Residents rave about the stylish, industrial design and the vibrant atmosphere, thanks to on-site dining and entertainment options. With both cats and dogs welcome, this property is perfect for pet lovers.
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Olympus Latitude
$1,492
6700 Modesto Ave NE, Albuquerque, NM 87113
(505) 622-4156
Rent Savings
26 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Garage, Stainless steel + more
Luxurious Retreat
Serenity and luxury combine at Olympus Latitude.
Olympus Latitude offers a tranquil escape in Albuquerque's Nor Este neighborhood with luxurious studio, one-, and two-bedroom apartments. Residents enjoy mountain views and modern finishes, alongside exceptional amenities like two swimming pools and a pickleball court. Pet owners will find this community especially welcoming, with both dogs and cats allowed.
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Olympus Highlands North
$2,082
200 Mulberry Street Northeast, Albuquerque, NM 87106
(505) 391-5663
5 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxurious Amenities
Elevate life in Albuquerque with resort-style living.
Olympus Highlands North offers the perks of luxurious living with its upgraded apartments in Albuquerque's Sycamore neighborhood. The property provides easy access to local shops and restaurants, complemented by top-tier amenities like a well-maintained fitness center and sparkling pool. Residents enjoy the quiet, safe environment and find themselves immersed in comfort and convenience.
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Olympus Northpoint
$1,503
9100 San Mateo Boulevard Northeast, Albuquerque, NM 87113
(505) 278-6357
21 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Nest technology, Putting green, Patio / balcony, Hardwood floors, Dishwasher + more
Luxury Living
Resort-Style Living with Exceptional Amenities
Olympus Northpoint offers a luxurious lifestyle with amazing features. Revel in the stunning outdoor swimming pool and resort-inspired cabanas. Residents enjoy a clean, quiet environment with picturesque views of hot air balloons. The community stands out for its modern amenities and convenient park access.
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Olympus Alameda
$1,555
6301 Alameda Boulevard Northeast, Albuquerque, NM 87113
(505) 509-5348
Rent Savings
19 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, Stainless steel + more
Luxury Living
Upscale apartments with stunning amenities in Albuquerque.
Olympus Alameda offers exquisite amenities like two resort-style pools, a state-of-the-art gym, and a pet park for dog lovers. Located in Nor Este, this elegant property is surrounded by delightful dining options and lush parks within walking distance. Residents love the modern layouts and praise the management team for their attentiveness.
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5.0
La Paloma
$1,250
6001 Moon St NE, Albuquerque, NM 87111
(505) 407-8902
Top rated for Location
“It's at convenient location, very clean, friendly, very responsive management, covered parking is little expensive.”
27 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Resort Living
Resort lifestyle with modern amenities and stunning mountain views.
La Paloma offers a resort-style living experience in Albuquerque's Northeast Heights. Residents enjoy modern amenities like in-unit washers and dryers, two refreshing pools, and a fitness center. The property is also ideally located near shopping centers, parks, and restaurants, providing beautiful mountain views for a serene atmosphere. With friendly staff and meticulously maintained facilities, it's perfect for those seeking a vibrant and active lifestyle.
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Encanto at Mesa del Sol
2500 Bobby Foster Road SE, Albuquerque, NM 87106
(505) 666-5123
$1,472+ moTotal price12-mo lease
Rent Savings
9 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Parking, Stainless steel, Gym + more
Serene Oasis
Luxury Living, Nature at Your Doorstep
Encanto at Mesa del Sol offers a unique lifestyle, enveloped by New Mexico’s stunning nature. With easy access to outdoor activities and a serene environment, relaxation is guaranteed. Residents enjoy amenities like a resort-style pool and modern fitness center, adding to the property's charm.
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Allaso Vineyards
8901 Holly Avenue NE, Albuquerque, NM 87122
(505) 384-7533
$1,616+ moTotal price12-mo lease
Rent Savings
10 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Stainless steel, Gym, Pool + more
Resort Luxury
Sophisticated living with unmatched amenities and local charm.
Allaso Vineyards offers a blend of sophisticated urban living and resort-style amenities. Nestled near scenic spots like the Sandia Mountains, residents enjoy convenient access to various retail and dining destinations. The community features themed areas like a winery-inspired lounge, providing unique relaxation and socializing spaces. With amenities allowing both dogs and cats, it supports a variety of lifestyles.
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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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Broadstone Nob Hill
4101 Central Avenue Northeast, Albuquerque, NM 87106
(505) 591-3166
$1,882+ moTotal price12-mo lease
5 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Pet friendly, Recently renovated + more
Nob Hill
Nob Hill's lavish, vibrant living with stunning amenities.
Broadstone Nob Hill offers vibrant living in Albuquerque's iconic Nob Hill neighborhood. It's renowned for lavish amenities, including a stylish pool, hot tub, and gym, plus in-house conveniences like stainless steel appliances and in-unit laundry. Residents appreciate the friendly community, responsive management, and a location teeming with shops, restaurants, and parks all within a short walk.
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Sun Plaza
4400 Montgomery Blvd NE, Albuquerque, NM 87109
(561) 794-4751
$1,117+ moTotal price12-mo lease
9 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Lifestyle Convenience
Ideal comfort paired with exceptional local convenience.
Sun Plaza offers an exceptional blend of comfort and convenience, enriched by amenities like a basketball court, playground, and recently renovated interiors. Located in Albuquerque's Hodgin neighborhood, it boasts proximity to shopping centers and entertainment venues, ensuring that everything you need is within reach. Pets are welcome, making it a haven for cat and dog owners alike.
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The June
13150 Wenonah Avenue Southeast, Albuquerque, NM 87123
(505) 240-6655
$999+ moTotal price12-mo lease
Rent Savings
20 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Comfortable Living
Ideal for outdoor enthusiasts in Singing Arrow.
Located in the peaceful Singing Arrow neighborhood, The June offers a vibrant atmosphere with convenient access to nearby hiking trails and biking paths. This community features a range of attractive amenities, including an outdoor kitchen and lounge areas, that cater to comfort and relaxation. Residents love the friendly community spirit and the helpful management team ensures a seamless living experience.
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Allaso Journal Center
7800 Headline Blvd NE, Albuquerque, NM 87109
(505) 608-6605
$1,476+ moTotal price14-mo lease
Rent Savings
13 units available
1 bed • 2 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, Parking, Walk in closets, Gym + more
Modern Oasis
Modern amenities in a peaceful, well-connected location.
Allaso Journal Center offers an exceptional living experience with modern amenities and a serene environment. Its location in Albuquerque is well-connected, with restaurants and entertainment options within walking distance. Residents love the beautiful, well-maintained property and appreciate the accommodating staff.
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Allaso at High Desert
6701 Tennyson Street Northeast, Albuquerque, NM 87111
(505) 405-4325
$1,652+ moTotal price15-mo lease
30 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Putting green, Golf room, Patio / balcony, Hardwood floors, Pet friendly + more
Scenic Retreat
Breathtaking Sandia Mountains Views
Allaso High Desert is nestled in the stunning Sandia Mountain foothills, providing breathtaking views and proximity to hiking trails. Residents delight in upscale amenities like a resort-style pool and fitness center. Both cats and dogs are welcome, and there's a spacious dog park for furry companions to enjoy.
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The average rent for a 1 bedroom apartment in Albuquerque is $1,252+, while the average rent for a 2 bedroom apartment is $1,520+. Rent rates updated 2 days ago

Studio: $958+Trending up
1 Bed: $1,252+Trending up
2 Beds: $1,520+Trending up
3+ Beds: $1,830+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

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

Taylor Ranch

What it’s like to live in Taylor Ranch

Mountain proximity defines Taylor Ranch, where Albuquerque's western neighborhood offers Sandia views and immediate access to recreational open spaces. Most rentals feature desert-adaptive landscaping and southwestern architectural elements reflecting regional design traditions, while the nearby Petroglyph National Monument provides distinctive hiking opportunities unusual for urban-adjacent neighborhoods. Though requiring longer downtown commutes than central neighborhoods, strategic positioning near major highways creates reasonable travel times despite geographical distance, while significantly more living space, mountain views, and direct trail access typically compensates 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 affecting everyday quality-of-life calculations beyond simplistic distance metrics.

Great for

Families

Retirees

Professionals

Young Renters

Commuters

Neighborhood vibe

Mixed-Use

Peaceful

Mixed-Use & Commercial

Nor Este

What it’s like to live in Nor Este

Mountain views dominate Nor Este, where Albuquerque's northeastern neighborhood offers high desert living with Sandia Mountain panoramas. The district features newer construction with energy-efficient designs increasingly valuable during New Mexico's extreme seasonal temperature variations. Nor Este's strategic positioning between both uptown employment and mountain recreation creates ideal balance for outdoor enthusiasts seeking practical living environments beyond purely scenic considerations increasingly important as remote work trends continue affecting housing decisions beyond purely commuting calculations.

Great for

Families

Retirees

Professionals

Young Renters

Commuters

Neighborhood vibe

Mixed-Use

Peaceful

Mixed-Use & Commercial

Neighborhoods

More Rental Options

Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (80)

Cities

Counties

Bernalillo County Apartments (438)

Colleges

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.

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.

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.

Apartments for Rent in Albuquerque, NM

Lomas Gardens

The Portals

505 Central

Olympus Latitude

Olympus Highlands North

Olympus Northpoint

Olympus Alameda

La Paloma

Encanto at Mesa del Sol

Allaso Vineyards

The Reserve Apartments

Broadstone Nob Hill

Sun Plaza

The June

Allaso Journal Center

Allaso at High Desert

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

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?