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

395 rentals available

La Mirage
$1,505
10700 Academy Road Northeast, Albuquerque, NM 87111
(505) 392-2318
Rent Savings
15 units available
2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, 24hr gym + more
Pet Paradise
Ideal living space near schools and nature
La Mirage Apartment Homes offers a refreshing living experience in Albuquerque's Northeast Heights with its spacious floor plans and numerous amenities. Residents appreciate the dry climate and proximity to nature with nearby parks and trails, ideal for those who enjoy the outdoors. The property's pet-friendly policy welcomes both cats and dogs, making it perfect for pet owners.
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Andalucia Villas
$1,830
5300 Antequera Rd NW, Albuquerque, NM 87120
(505) 395-7869
31 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxurious Comfort
Resort-style luxury in vibrant Albuquerque locale.
Andalucia Villas offers a resort-style living experience in Albuquerque's Westside. Residents enjoy elegant amenities like in-unit laundry, fireplaces, and attached garages. The property is ideally situated near the Bosque and Andalucia Shopping Center, providing convenience and recreational opportunities. Residents love the clean and safe environment, along with attentive staff and a vibrant community atmosphere.
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VIA
$1,100
4321 Montgomery Blvd NE, Albuquerque, NM 87109
(505) 594-0167
2 units available
1 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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Valley View
$1,800
9368 Valley View Drive Northwest, Albuquerque, NM 87114
(505) 628-0112
2 units available
2 bed
Amenities
In unit laundry, Dishwasher, Cats allowed, New construction, Stainless steel, Gym + more
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521 Adams
$1,345
521 Adams Street Northeast, Albuquerque, NM 87108
(505) 591-5641
1 unit available
2 bed
Amenities
Hardwood floors, Pet friendly, Carpet, Range, Oven, and Refrigerator
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200 Cornell
$1,450
200 Cornell Drive Southeast, Albuquerque, NM 87106
(505) 657-4102
1 unit available
1 bed
Amenities
Cats allowed and Parking
Prime Location
Seamless UNM Campus Access and Modern Living
Nestled across from the UNM campus, 200 Cornell offers unparalleled access to education and vibrant campus life. The property features bright and airy lofts with expansive windows and modern designs. Residents love the stylish granite countertops and the convenience of assigned parking. Cats are welcome, adding extra warmth to these stylish homes.
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The Valencia
$1,200
1020 Valencia Drive SE, Albuquerque, NM 87108
(505) 551-3713
Rent Savings
2 units available
2 bed
Amenities
W/D hookup, Patio / balcony, Dishwasher, Pet friendly, Parking, Dog park + more
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Lincoln Place
$1,257
4401 San Pedro Drive NE, Albuquerque, NM 87109
(505) 605-2522
7 units available
2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, Recently renovated, 24hr gym + more
Serene Oasis
Peaceful retreat with top-notch amenities in Albuquerque.
Lincoln Place Apartments offers a serene living experience in northwest Albuquerque's tranquil neighborhood. The community's resort-style pool and fitness center enhance the resident experience, with positive reviews frequently mentioning the lush surroundings of evergreen trees and native plants. It's a cost-effective choice, set 23% below the metro average, without compromising on quality and convenience.
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Ocotillo Ridge
$1,495
140 Jefferson Street Southeast, Albuquerque, NM 87108
(505) 572-0364
4 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, Parking + more
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4100 Silver Ave SE
$1,300
4100 Silver Avenue Southeast, Albuquerque, NM 87108
(505) 578-5222
3 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Garage, Stainless steel, Coffee bar + more
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Tierra Del Sol
$825
5817 Central Avenue Northwest, Albuquerque, NM 87105
(505) 551-0548
3 units 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.
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505 Central
$1,080
505 Central Avenue Northwest, Albuquerque, NM 87102
(505) 551-0292
2 units available
Studio
Amenities
In unit laundry, Dishwasher, Pet friendly, Stainless steel, Coffee bar, Air conditioning + 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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Casa Del Rey Sur
$836
112 Cardenas Dr NE, Albuquerque, NM 87108
(505) 295-2899
4 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Easy Transit
Convenient Location Near Amenities and Transport
Casa Del Rey Sur is perfectly situated for easy access to vibrant Albuquerque life. Nestled near Route 66, residents enjoy a convenient location with a variety of amenities, schools, parks, and restaurants within a walkable distance. The property is known for its well-maintained environment, responsive management, and spacious, comfortable apartments, which are praised by tenants in reviews.
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Telegraph Hill
$1,169
7000 Louisiana Blvd NE, Albuquerque, NM 87109
(505) 365-6648
9 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Community Charm
Cozy neighborhood with a strong sense of community.
Telegraph Hill rests in a cozy neighborhood, surrounded by shady trees and contemporary designs. Residents have consistently praised the friendly and efficient team, fostering community connections through various social events. Conveniently located, it offers easy access to local shopping and dining, enhancing your lifestyle.
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Desert Creek
4300 Pan American Fwy NE, Albuquerque, NM 87107
(424) 347-1198
$697+ moTotal price12-mo lease
14 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Walk in closets + more
Spacious Living
Quiet retreat near Albuquerque's attractions
Desert Creek Apartment Homes offer a serene and spacious living environment with easy access to Albuquerque's vibrant lifestyle. Enjoy a pet-friendly community with amenities like a pool, gym, and hot tub. Located near dining, shopping, and major highways, residents appreciate the convenience and comfort this community provides.
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Solaire
$1,225
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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The average rent for a 1 bedroom apartment in Albuquerque is $1,309+, while the average rent for a 2 bedroom apartment is $1,579+. Rent rates updated 3 days ago

Studio: $944+Trending up
1 Bed: $1,309+Trending up
2 Beds: $1,579+Trending up
3+ Beds: $1,904+Trending up

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Albuquerque

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

Nob Hill

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

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

Neighborhoods

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Property Type

Albuquerque Short-term Apartments (80)

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Bernalillo County Apartments (407)

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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.

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

La Mirage

Andalucia Villas

VIA

Valley View

521 Adams

200 Cornell

The Valencia

Lincoln Place

Ocotillo Ridge

4100 Silver Ave SE

Tierra Del Sol

505 Central

Casa Del Rey Sur

Telegraph Hill

Desert Creek

Solaire

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

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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?