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

413 rentals available

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.
Recently updated units
Verified listing
Verified
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.
Recently updated units
Verified listing
Verified
Casa Del Rey Oeste Apartments
$823
125 Cardenas Drive Northeast, Albuquerque, NM 87108
(505) 365-6689
5 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Cable included, Parking, Air conditioning + more
Convenient Location
Walkable access to UNM and downtown Albuquerque.
Casa Del Rey Oeste Apartments boast a prime location with easy access to the University of New Mexico and downtown Albuquerque. This bike-friendly and very walkable neighborhood makes running errands and enjoying daily outings seamless. On-site laundry facilities provide added convenience for a comfortable living experience. Both cats and dogs are warmly welcomed here.
Recently updated units
Verified listing
Verified
La Mirage
$1,489
10700 Academy Road Northeast, Albuquerque, NM 87111
(505) 392-2318
Rent Savings
17 units available
1 bed • 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.
Recently updated units
Verified listing
Verified
Andalucia Villas
$1,800
5300 Antequera Rd NW, Albuquerque, NM 87120
(505) 395-7869
32 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.
Recently updated units
Verified listing
Verified
The Ridge Apartments
$875
557 Tramway Blvd NE, Albuquerque, NM 87123
(505) 278-6715
Rent Savings
11 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Pool + more
Prime Location
Modern living with scenic Albuquerque views
The Ridge Apartments offer stylish living in beautiful Albuquerque, NM. With a prime location, you'll enjoy easy access to a variety of parks, trails, and local eateries. The community features pet-friendly amenities, a pool, and a well-maintained fitness center, perfect for a convenient and luxurious lifestyle.
Recently updated units
Verified listing
Verified
Cinnamon Tree
$724
7220 Central Avenue Southeast, Albuquerque, NM 87108
(505) 717-0019
Rent Savings
58 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Dishwasher, Pet friendly, 24hr maintenance, Carport, Walk in closets + more
Prime Location
Spacious living with enhanced amenities and scenic views.
Cinnamon Tree in Albuquerque offers exceptional apartment living with a variety of floor plans and amenities, including a gym, pool, and pet park. Located in a vibrant area with numerous nearby parks, schools, and restaurants, residents experience both excitement and tranquility. Well-maintained grounds and a helpful management team add to the appeal.
Recently updated units
Verified listing
Verified
Canyon Crest
$745
7303 Montgomery Boulevard Northeast, Albuquerque, NM 87109
(361) 322-6998
Rent Savings
24 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, Walk in closets, Gym + more
Pet-Friendly Oasis
Spacious living with included utilities and great amenities.
Canyon Crest offers a thriving community atmosphere, enhanced by positive feedback on spacious apartment layouts and outstanding maintenance service. Convenience is key, with essential amenities like restaurants and groceries within walking distance. Residents enjoy great value with utilities included, and pets are welcome.
Recently updated units
Verified listing
Verified
Zia Townhomes
$1,695
12004 Zia Road Northeast, Albuquerque, NM 87123
(505) 657-8363
2 units available
2 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, Garage, Stainless steel + more
Prime Location
Embrace convenience and elegance in La Cuesta.
Zia Townhomes offer a harmonious blend of city life and serene living. Nestled in La Cuesta, these spacious homes feature exquisite stained glass windows, private backyards, and attached garages. Residents rave about the friendly and supportive management team and seamless move-in process. Enjoy proximity to vibrant dining options, parks, and schools.
Recently updated units
Verified listing
Verified
Villa Serena
$1,049
12700 Indian School Rd NE, Albuquerque, NM 87112
(505) 591-9523
Rent Savings
12 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
$1,025
12801 Indian School Rd NE, Albuquerque, NM 87112
(415) 702-4299
Rent Savings
20 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
La Ventana Apartments
$1,465
12200 Academy Rd NE, Albuquerque, NM 87111
(505) 278-5090
18 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Nest technology, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance + more
Desert Oasis
Scenic Living in Peppertree-Royal Oak.
La Ventana Apartments is your personal desert oasis nestled at the base of the Sandia Mountains. Residents enjoy prompt maintenance service and meticulously kept grounds. A convenient location places you near shopping, dining, and outdoor recreation like hiking trails.
Recently updated units
Verified listing
Verified
Fully Furnished Home!
$2,495
2210 Broadway Boulevard Northeast, Albuquerque, NM 87102
(505) 591-1165
1 unit available
2 bed
Amenities
Pet friendly, All utils included, Garage, Internet access, Furnished, and Carpet
Recently updated units
Verified listing
Verified
Oak Tree Park Apartments
$999
5800 Osuna Rd NE, Albuquerque, NM 87109
(505) 333-0270
25 units available
1 bed • 2 bed
Amenities
In unit laundry, Granite counters, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxurious Living
Oasis of tranquility with vibrant, spacious homes.
Oak Tree Park Apartments offers an exquisite living experience with spacious one and two-bedroom layouts. Located in Del Norte, Albuquerque, this community boasts modern amenities like in-unit washers and dryers, and a responsive management team. With schools, parks, and popular eateries just a walk away, it caters to a dynamic lifestyle.
Recently updated units
Verified listing
Verified
Las Brisas
$993
1201 San Pedro Drive Southeast, Albuquerque, NM 87108
(262) 333-6344
7 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Convenient Living
Close to UNM and VA, Kirtland AFB easily accessible.
Las Brisas combines convenience with an array of desirable amenities. Located near Kirtland AFB, UNM, and the VA Hospital, this property offers easy access to key city spots. With pools, a grilling area, and on-site laundry, it's the ideal place for comfortable living. Reviews point out the spacious two-bedroom apartments and the helpful, friendly staff.
Recently updated units
Verified listing
Verified
Beautiful 3-Bedroom Home in Tierra Oeste – Modern Comfort in NW Albuquerque
$2,250
8804 Zephyr Place Northwest, Albuquerque, NM 87120
(505) 666-4909
1 unit available
3 bed
Amenities
In unit laundry, Patio / balcony, Dogs allowed, Garage, Stainless steel, Walk in closets + more
Recently updated units
Verified listing
Verified

The average rent for a 1 bedroom apartment in Albuquerque is $1,254+, while the average rent for a 2 bedroom apartment is $1,534+. Rent rates updated 7 days ago

Studio: $966+Trending up
1 Bed: $1,254+Trending up
2 Beds: $1,534+Trending up
3+ Beds: $1,853+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 11 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 11 listings
Nob Hill
View 10 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 10 listings
Taylor Ranch
View 9 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 9 listings

Neighborhoods

View all

More Rental Options

Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (76)

Cities

Counties

Bernalillo County Apartments (426)

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

Hacienda Norte Apartments

El Pueblo II Apartments

Casa Del Rey Oeste Apartments

La Mirage

Andalucia Villas

The Ridge Apartments

Cinnamon Tree

Canyon Crest

Zia Townhomes

Villa Serena

Northpointe Village Apartment Homes

La Ventana Apartments

Fully Furnished Home!

Oak Tree Park Apartments

Las Brisas

Beautiful 3-Bedroom Home in Tierra Oeste – Modern Comfort in NW Albuquerque

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?