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

399 rentals available

Pavilions Apartments
$1,486
11600 Academy Road Northeast, Albuquerque, NM 87111
(505) 207-0518
11 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, New construction + more
Resort Lifestyle
Modern living with top-tier amenities and serene surroundings.
Pavilions Apartments stand out with their spacious, open-concept floor plans complemented by modern stainless steel appliances and granite countertops. Located in a serene part of Albuquerque, this community offers a resort-inspired pool with cabanas, a 24-hour fitness center, and a well-maintained lush landscape. Residents appreciate the commitment of prompt and professional service provided by the management and maintenance teams.
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Lifestyles at Renaissance
$974
4920 Union Way NE, Albuquerque, NM 87107
(828) 344-5269
8 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Peaceful Retreat
Tranquil living with easy access to conveniences.
Lifestyles at Renaissance offers a serene and safe environment for residents. With easy access to shopping centers and nature trails, it's perfect for those who enjoy both convenience and tranquility. The management team is exceptionally friendly and responsive, ensuring a pleasant living experience.
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Income Restricted - La Vida Nueva
$1,234
1200 Dickerson Drive Southeast, Albuquerque, NM 87106
(505) 629-1779
14 units available
2 bed
Amenities
W/D hookup, Patio / balcony, Hardwood floors, Pet friendly, All utils included, 24hr maintenance + more
Inclusive Community
All-Inclusive Central Living
La Vida Nueva Apartments offer a vibrant lifestyle with all utilities included, simplifying living. The community features multiple playgrounds, a picnic area, and a free after-school program that's perfect for families. Located near CNM and UNM, residents enjoy easy access to local amenities and entertainment.
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Las Kivas
$1,499
4777 Tramway Boulevard Northeast, Albuquerque, NM 87111
(505) 539-2022
Rent Savings
20 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Mountain Vistas
Luxury, Views, and Top-notch Amenities
Las Kivas is in a prime Albuquerque location with stunning mountain views and easy access to outdoor activities. The community enjoys top-tier amenities like a resort-style pool, fully equipped gym, and upgraded apartment features. Residents value the attentive and professional service from the management and maintenance staff.
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Crescent Ridge
$1,178
8200 Bridge Boulevard Southwest, Albuquerque, NM 87121
(505) 578-1977
32 units available
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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Prisma Apartments
$1,299
3305 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 657-5948
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Dogs allowed, 24hr maintenance + more
Vibrant Locale
Experience modern living amidst nature and city life.
Prisma Apartments offers an inviting living experience in Albuquerque. Enjoy all the comforts of home with modern amenities such as a pool, gym, and in-unit laundry. Residents love the friendly atmosphere and appreciate the attentive management team. Located near parks, trendy restaurants, and shopping, Prisma strikes the perfect balance between nature and city conveniences.
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Peaks at Sandia View
$975
1501 Indian School Road Northeast, Albuquerque, NM 87102
(505) 560-3372
Rent Savings
22 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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West Park Apartments
$1,250
9251 Eagle Ranch Rd NW, Albuquerque, NM 87114
(505) 560-2609
3 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, Walk in closets + more
Quiet Comfort
Charming community with excellent shopping nearby.
West Park Apartments offers a serene lifestyle in Albuquerque, nestled in a peaceful area close to top-notch shopping, dining, and entertainment. Enjoy the thoughtfully designed one, two, and three-bedroom spaces equipped for comfort. Delight in on-site amenities such as a well-maintained fitness center and pool, fostering a friendly community vibe. Residents love the responsive management and the array of conveniences within walking distance.
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Desert Willow Apartments - Affordable
$964
8901 Jefferson Street Northeast, Albuquerque, NM 87113
(505) 796-8582
7 units available
1 bed • 2 bed
Amenities
In unit laundry, Pet friendly, Garage, Walk in closets, Gym, Pool + more
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4.0
Cielo Alameda
$1,726
6201 Oakland Avenue NE, Albuquerque, NM 87113
(505) 591-3432
Rent Savings
Top rated for Amenities
“The price is higher than competitors in the area”
24 units available
1 bed • 2 bed
Resort-Style Living
Relax and unwind in Cielo Alameda's amazing amenities.
Cielo Alameda shines with its resort-style pool and fully equipped fitness center, providing a sanctuary for relaxation and health. Residents love the spacious, open-concept floor plans that exude modern elegance. Located in Albuquerque's Nor Este neighborhood, enjoy easy access to vibrant dining, shopping, and plenty of leisure activities.
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Whispering Sands
$925
12720 Central Avenue Southeast, Albuquerque, NM 87123
(251) 220-7719
Rent Savings
10 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxury Living
Stylish abode near parks and shopping delights.
Experience the pinnacle of luxury at Whispering Sands, nestled in Albuquerque's serene Singing Arrow neighborhood. Enjoy spacious, modern homes with breathtaking mountain views and easy access to public transport and shopping. The community boasts a stunning array of amenities from a sparkling pool to a racquetball court. Both dogs and cats are warmly welcomed, adding to the vibrant community atmosphere.
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Somerset Park
$942
1201 Madeira Dr SE, Albuquerque, NM 87108
(505) 416-3213
18 units available
1 bed • 2 bed
Amenities
On-site laundry, Dishwasher, Pet friendly, Parking, Pool, and Air conditioning
Convenient Living
Comfort and convenience in bustling Albuquerque
Somerset Park Apartments offer a wonderful location for those seeking comfort and convenience in Albuquerque. Just minutes from the University of New Mexico and Downtown Albuquerque, the property is surrounded by numerous shopping centers, restaurants, and parks. Residents love the well-maintained appearance, attentive management, and amenities like the swimming pool, making it a great place to call home.
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Cantata at The Trails
6700 Cantata Street Northwest, Albuquerque, NM 87114
(505) 322-6969
$1,527+ moTotal price12-mo lease
Rent Savings
16 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Garage + more
Luxury Living
Luxury living in a prime Albuquerque spot.
Cantata at The Trails offers a harmonious blend of luxury and convenience in Albuquerque's sought-after Paradise Hills Civic neighborhood. Residents rave about the peaceful atmosphere and superb management. Enjoy well-maintained amenities like a pool, gym, and more while living near top schools, parks, and dining options.
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Mountain Run
$1,195
5800 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 221-5207
50 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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Cresta North Valley
$1,560
3308 4th NW, Albuquerque, NM 87107
(505) 390-1226
Rent Savings
5 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Urban Oasis
Centrally located with excellent amenities and outdoor access.
Cresta North Valley offers a prime location in Albuquerque's heart, a short distance from downtown and major interstates. Residents enjoy modern studio, one-, and two-bedroom units with spacious open floor plans. The property boasts luxurious amenities like a fitness center, assigned parking, and both cats and dogs are welcome.
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Union 505
801 Locust Place Northeast, Albuquerque, NM 87102
(505) 933-7794
$805+ moTotal price12-mo lease
20 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Hardwood floors, Dishwasher, Pet friendly, New construction, 24hr maintenance + more
Amenity-Rich
Vibrant living with top-tier amenities in Albuquerque.
Union 505 offers an exceptional living experience with abundant amenities that include a well-equipped gym, a pristine pool, and diverse recreation options. Its convenient location ensures you're just moments away from downtown excitement, Nob Hill charm, and the University of New Mexico. Residents praise the friendly, responsive staff and spacious apartments with various floor plans. Plus, pets are welcome, adding to the community's vibrant atmosphere.
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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 3 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
Taylor Ranch
View 11 listings
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
View 11 listings
Nor Este
View 7 listings
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
View 7 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

Taylor Ranch

What it’s like to live in Taylor Ranch

Great for

Neighborhood vibe

Nor Este

What it’s like to live in Nor Este

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?