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

410 rentals available

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
21 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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Norte Villas Apartments
$1,020
6001 Topke Place North East, Albuquerque, NM 87109
(505) 591-5985
Rent Savings
22 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Recently renovated + more
Enhanced Living
Newly renovated apartments with top-notch amenities.
Experience newly upgraded living at Norte Villas Apartments. Cats and dogs are welcome here, and you'll find ultimate convenience with in-unit laundry and ample storage space. Enjoy easy access to shopping, dining, and entertainment just minutes away, and delight in having great neighbors and a serene community environment.
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Mountain Run
$1,195
5800 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 221-5207
Rent Savings
46 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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Broadstone Towne Center
$1,555
1801 Gibson Boulevard Southeast, Albuquerque, NM 87106
(505) 933-7456
Rent Savings
22 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Community Appeal
Spacious modern living with vibrant community events.
Experience the vibrant community of Broadstone Towne Center Apartments. With spacious, modern interiors and a wealth of amenities, this property is a renter's dream. The location offers easy access to numerous parks and restaurants within a mile. Relax by the resort-style pools or enjoy the community's popular events.
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Aya ABQ
$1,143
5324 San Mateo Blvd. NE, Albuquerque, NM 87109
(659) 218-3617
28 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Stainless steel + more
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Altezza High Desert
$1,340
6000 Cortaderia Street Northeast, Albuquerque, NM 87111
(505) 448-0286
Rent Savings
26 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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Diamond Mesa
2300 Diamond Mesa Trail Southwest, Albuquerque, NM 87121
(707) 229-1142
$1,559+ moTotal price12-mo lease
23 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Comprehensive Amenities
Delightful Location with Unmatched Amenities
Diamond Mesa offers a tranquil atmosphere with a host of modern amenities such as a state-of-the-art gym, two sparkling swimming pools, and a relaxing hot tub. Residents rave about the spacious townhomes and the sense of community fostered by the friendly and supportive staff. The location is great for accessing universities and military bases, and is surrounded by tranquil parks.
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Villas de la Terraza
$899
6401 Academy Road NE, Albuquerque, NM 87109
(580) 217-3414
22 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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SkyStone
10800 Cibola Loop Northwest, Albuquerque, NM 87114
(901) 446-1993
$1,476+ moTotal price12-mo lease
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Garage + more
Metro Oasis
Stylish living in popular Seven Bar North neighborhood
SkyStone Apartments offer an ideal blend of urban living with serene desert views in the sought-after Seven Bar North neighborhood. This pet-friendly community boasts spacious, modern apartments and top-tier amenities, including a pool and gym. The convenient location provides swift access to shopping, dining, and major highways.
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Graceland Plaza Apartments
$950
312 Graceland Drive Southeast, Albuquerque, NM 87108
(505) 278-6626
Rent Savings
3 units available
1 bed
Amenities
On-site laundry, Nest technology, Patio / balcony, Cats allowed, 24hr maintenance, Parking + more
Convenient Access
Easy access to university and vibrant downtown.
Graceland Plaza Apartments offers incredible convenience with its prime location near the University of New Mexico and downtown Albuquerque, making commuting a breeze. The neighborhood boasts a high walk score, allowing for effortless outings without a car. Residents love the community's outdoor spaces like the courtyard and grilling area, complemented by amenities such as on-site laundry.
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Hacienda Sur Apartments
$828
225 Adams Street Southeast, Albuquerque, NM 87108
(505) 295-2703
3 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Pet Oasis
Convenient Albuquerque Location with Modern Comforts
Hacienda Sur Apartments offers a convenient location with easy access to the University of New Mexico and Downtown Albuquerque. Residents love the quiet, peaceful community with modern amenities like on-site laundry and air conditioning. The property stands out as a pet-friendly choice, welcoming both cats and dogs, with ample parking and a neighborhood that residents find delightful to walk around.
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Hacienda Este Apartments
$847
225 Jefferson Street Southeast, Albuquerque, NM 87108
(505) 365-6611
4 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Central Convenience
Prime Albuquerque location near key destinations.
Hacienda Este Apartments offer an exceptional location with easy access to Route 66, Downtown Albuquerque, and the University of New Mexico. Residents benefit from a multitude of amenities, including on-site laundry and BBQ areas. The property stands out with its pet-friendly policy, welcoming both cats and dogs.
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Fair Plaza Apartments
$843
5901 Alice Avenue Northeast, Albuquerque, NM 87110
(505) 278-6746
1 unit available
1 bed
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, Parking, Air conditioning + more
Central Location
Convenient access to Albuquerque's top destinations.
Fair Plaza Apartments is located in the heart of Albuquerque, providing easy access to the university, downtown, and popular routes like Route 66. The community enjoys a quiet and clean atmosphere, with cats and dogs being welcomed. Residents love the well-maintained units and friendly neighborhood feel.
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Hacienda Norte Apartments
$828
201 Adams Street Southeast, Albuquerque, NM 87108
(505) 337-4841
1 unit available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Convenient Location
Close to UNM and downtown Albuquerque!
Hacienda Norte Apartments offer residents a prime location with easy access to the University of New Mexico and Downtown Albuquerque. With numerous restaurants and parks within walking distance, daily conveniences are just around the corner. The apartments welcome both cats and dogs, making it a great choice for pet owners.
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El Pueblo II Apartments
$766
6021 Anderson Avenue Southeast, Albuquerque, NM 87108
(505) 339-2060
4 units available
1 bed
Amenities
On-site laundry, Cats allowed, 24hr maintenance, Cable included, Parking, Air conditioning + more
Convenience Hub
Discover ultimate convenience in Albuquerque's heart.
El Pueblo II Apartments offer exceptional access to Albuquerque's key areas, including the University of New Mexico and downtown, fostering an enriching community experience. With delightful courtyards and unique floor plans, this property ensures both style and comfort. Residents love the on-site laundry and easy access to various destinations, making it a cherished choice for convenient 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 $1,536+. Rent rates updated 5 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 13 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 13 listings
South San Pedro
View 11 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 11 listings
Taylor Ranch
View 10 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 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

Whispering Sands

Somerset Park

Norte Villas Apartments

Mountain Run

Broadstone Towne Center

Aya ABQ

Altezza High Desert

Diamond Mesa

Villas de la Terraza

SkyStone

Graceland Plaza Apartments

Hacienda Sur Apartments

Hacienda Este Apartments

Fair Plaza Apartments

Hacienda Norte Apartments

El Pueblo II Apartments

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

Taylor Ranch

What it’s like to live in Taylor Ranch

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?