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.

Start your Albuquerque search

How many bedrooms do you need?

Apartments for Rent in Albuquerque, NM

410 rentals available

The Franz - Residential
$1,195
1716 Central Avenue Southwest, Albuquerque, NM 87104
(505) 390-9226
7 units available
1 bed
Amenities
Patio / balcony, Hardwood floors, Pet friendly, Parking, Gym, Elevator + more
Recently updated units
Verified listing
Verified
4100 Silver Ave SE
$1,419
4100 Silver Avenue Southeast, Albuquerque, NM 87108
(505) 578-5222
4 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, Stainless steel + more
Recently updated units
Verified listing
Verified
Lomas Gardens
$795
12601 Lomas Boulevard Northeast, Albuquerque, NM 87112
(505) 578-2203
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.
Recently updated units
Verified listing
Verified
Tierra Del Sol
$825
5817 Central Avenue Northwest, Albuquerque, NM 87105
(505) 551-0548
1 unit available
1 bed
Amenities
Dishwasher, Parking, Air conditioning, Clubhouse, Accessible, and Range
Great Value
Beautiful apartments at a cost-effective price
Tierra Del Sol offers exceptional value in the Albuquerque area, with pricing significantly below the metro average. Residents rave about its convenient location, boasting easy access to local shops, dining, and public transportation. The well-maintained amenities, including a swimming pool and fitness center, further elevate the living experience.
Recently updated units
Verified listing
Verified
Tesoro on Spain
$1,125
9900 Spain Road NE, Albuquerque, NM 87111
(806) 666-6159
Rent Savings
10 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Scenic Serenity
Charming community near parks and restaurants.
Tesoro on Spain is a delightful choice for those seeking a tranquil community in Northeast Albuquerque. Enjoy nearby parks and the convenience of having grocery stores and restaurants just a short walk away. With its distinctive apartment designs, lush landscaping, and amazing views, residents love the connectivity and serenity this pet-friendly community offers.
Recently updated units
Verified listing
Verified
Silverado Apartments
$1,165
5741 Osuna Rd NE, Albuquerque, NM 87109
(251) 265-3521
10 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Walk in closets, Gym + more
Recently updated units
Verified listing
Verified
4.0
Casa Del Rey Norte
$836
124 Cardenas Dr NE, Albuquerque, NM 87108
(505) 278-6746
Top rated for Location
“The property is maintained well. The homeless outside destroy trash.”
4 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Strategic Location
Conveniently Located Near University and Downtown
Casa Del Rey Norte is a cost-effective gem offering a strategic location just off the historic Route 66. With easy access to the University of New Mexico and Downtown Albuquerque, commuting is a breeze. Residents enjoy the convenience of on-site laundry and appreciate the peace of mind provided by 24-hour maintenance. The property is also pet-friendly, welcoming both cats and dogs.
Recently updated units
Verified listing
Verified
The Q at Nob Hill
$1,290
4805 Marquette Avenue Northeast, Albuquerque, NM 87108
(505) 594-5569
5 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Vibrant Living
Thriving Community with Vast Amenities
Experience the vibrant lifestyle at The Q at Nob Hill, located in Albuquerque's sought-after neighborhood. This remarkable community offers standout amenities like a dog park, gym, and community garden, coupled with modern renovations including granite countertops. Its prime location ensures easy access to restaurants, shops, and entertainment options.
Recently updated units
Verified listing
Verified
Gorgeous 2 bedroom in Barelas! Great location. Washer/Dryer.
$1,595
317 Hazeldine Avenue Southwest, Albuquerque, NM 87102
(505) 560-3586
1 unit available
2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Dogs allowed, Garage, Recently renovated + more
Recently updated units
Verified listing
Verified
Villa Serena
$1,025
12700 Indian School Rd NE, Albuquerque, NM 87112
(505) 591-9523
Rent Savings
11 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.
Recently updated units
Verified listing
Verified
Northpointe Village Apartment Homes
$1,149
12801 Indian School Rd NE, Albuquerque, NM 87112
(415) 702-4299
Rent Savings
26 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Comfy Oasis
Prime location with excellent access to amenities.
Northpointe Village Apartment Homes offer a delightful living experience. Situated conveniently in Albuquerque with access to shopping, dining, and entertainment, life here is made simple. Residents appreciate the prompt maintenance services, ensuring a seamless stay while enjoying a peaceful environment.
Recently updated units
Verified listing
Verified
Spacious 4 bedroom in 7 Bar North! Near Cottonwood and Rio Rancho.
$2,295
4009 Willowbrook Place Northwest, Albuquerque, NM 87114
(505) 806-2619
1 unit available
4 bed
Amenities
W/D hookup, Dogs allowed, Garage, and Carpet
Recently updated units
Verified listing
Verified
Humble Abode
$1,275
528 Montclaire Drive Northeast, Albuquerque, NM 87108
(505) 499-4597
1 unit available
Studio
Amenities
Pet friendly, Coffee bar, Microwave, Carpet, Range, and Refrigerator
Recently updated units
Verified listing
Verified
Prospectors Point NE Condo 2 Bedroom, 2 story, 1 1/2 Bath, 1 car garage
$1,750
5801 Lowell Street Northeast, Albuquerque, NM 87111
(505) 605-7190
1 unit available
2 bed
Amenities
On-site laundry, Pet friendly, Garage, Fireplace, Bbq/grill, Courtyard + more
Recently updated units
Verified listing
Verified
NE Heights ---Close to the Sandia Mountains
$2,200
2916 Candelita Court Northeast, Albuquerque, NM 87112
(505) 405-2162
1 unit available
3 bed
Amenities
In unit laundry, Dishwasher, Garage, Recently renovated, Air conditioning, Fireplace + more
Recently updated units
Verified listing
Verified
4 bed 2 bath in SW ABQ
$1,900
323 Cll Amarillo Southwest, Albuquerque, NM 87121
(505) 581-2032
1 unit available
4 bed
Amenities
Garage
Recently updated units
Verified listing
Verified

The average rent for a 1 bedroom apartment in Albuquerque is $1,248+, while the average rent for a 2 bedroom apartment is $1,540+. Rent rates updated 3 days ago

Studio: $952+Trending down
1 Bed: $1,248+Trending down
2 Beds: $1,540+Trending down
3+ Beds: $1,854+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
Nob Hill
View 12 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 12 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

Neighborhoods

View all

More Rental Options

Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (77)

Cities

Counties

Bernalillo County Apartments (418)

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.

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

Nob Hill

What it’s like to live in Nob Hill

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?