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

406 rentals available

The Overlook
$1,150
6200 Eubank Boulevard NE, Albuquerque, NM 87111
(505) 588-4448
54 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Carport, Stainless steel + more
Pet Paradise
Prime locale near parks, top dining, and fun.
Enjoy a lively community with vibrant local attractions and amenities. The Overlook Apartments in Albuquerque boasts excellent accessibility to top dining spots, scenic parks, and entertainment venues, making weekends leisurely and exciting. With both dogs and cats allowed, our pet-friendly community is perfect for animal lovers seeking a home in a delightful neighborhood.
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Telegraph Hill
$1,125
7000 Louisiana Blvd NE, Albuquerque, NM 87109
(505) 365-6648
19 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
$941+ moTotal price12-mo lease
13 units available
Studio • 1 bed • 2 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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Mesa Del Oso
$1,599
5100 Mesa Del Oso Road Northeast, Albuquerque, NM 87111
(505) 594-3809
24 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Nature's Oasis
Luxurious Living Amidst Albuquerque's Natural Beauty
Mesa Del Oso offers a serene living experience surrounded by the beauty of Albuquerque. Residents love the spacious kitchens, cozy fireplaces, and private patios that create a calm environment. Situated near El Oso Grande Park, enjoy accessibility to nature with the convenience of city life.
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5.0
Puerta Del Sol
$1,189
4816 McMahon Blvd NW, Albuquerque, NM 87114
(205) 772-5050
Rent Savings
Top rated for Location
14 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Ideal Location
Convenience in Cottonwood Heights
Enjoy a peaceful stay at Puerta Del Sol located in Cottonwood Heights. The community provides convenient access to shopping centers, restaurants, and healthcare facilities, making daily errands a breeze. Relax in a soothing environment with spacious, well-maintained apartments complemented by a friendly management team.
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The Landmark
$1,215
6303 Indian School Rd NE, Albuquerque, NM 87110
(505) 395-5506
12 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
24hr laundry, Patio / balcony, Dishwasher, Pet friendly, New construction, 24hr maintenance + more
Convenient Comfort
Easy Uptown Access with Luxurious Amenities.
The Landmark in Albuquerque offers a perfect blend of convenience and comfort. Located in Uptown, it is surrounded by shopping, dining, and entertainment venues, all within a short stroll. Residents appreciate the spacious layouts and exquisite design of the apartments, along with stellar service from the friendly staff.
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The Villas @ Uptown
$800
6230 Indian School Road Northeast, Albuquerque, NM 87110
(505) 576-7310
7 units available
Studio • 1 bed
Amenities
On-site laundry, Patio / balcony, All utils included, Walk in closets, Pool, and Playground
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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.
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Zia Townhomes
$1,855
12004 Zia Road Northeast, Albuquerque, NM 87123
(505) 657-8363
1 unit 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.
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NE well located Two Bedroom Condo.
$1,600
6001 McKinney Drive Northeast, Albuquerque, NM 87109
(505) 393-3708
1 unit available
2 bed
Amenities
W/D hookup, Hardwood floors, Parking, Pool, and Clubhouse
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La Ventana Apartments
$1,365
12200 Academy Rd NE, Albuquerque, NM 87111
(505) 278-5090
23 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.
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Casa Del Rey Sur
$836
112 Cardenas Dr NE, Albuquerque, NM 87108
(505) 295-2899
3 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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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.
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Monterey Place
$1,650
2320 Central Avenue SW, Albuquerque, NM 87104
(505) 594-8833
6 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, New construction + more
Luxury Living
Modern luxury near Old Town with stunning views.
Monterey Place offers modern luxury with gourmet kitchens and new construction finishes. Nestled in Albuquerque's West Park neighborhood, it's just a short walk to Old Town Albuquerque's vibrant shops and entertainment. Residents rave about the stunning views of Mount Taylor and the Sandia Mountains, as well as amenities like in-unit laundry for added convenience.
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2937 Hyder SE
$2,350
2937 Hyder Avenue Southeast, Albuquerque, NM 87106
(505) 209-8966
1 unit available
3 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Dogs allowed, All utils included, Parking + more
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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
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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 9 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
Paradise Hills Civic
View 10 listings
What it’s like to live in Paradise Hills Civic
Mountain views reward residents of Paradise Hills Civic, where this northwestern Albuquerque neighborhood sits at higher elevation capturing dramatic Sandia Mountain vistas. Rental homes typically feature desert-adaptive landscaping, mountain panoramas, and more space than similarly priced properties closer to downtown. While the area offers excellent access to both Petroglyph National Monument and Cottonwood Mall shopping, the removed location means longer commutes to downtown employment centers despite the natural beauty. Perfect for outdoor enthusiasts who prioritize mountain proximity over urban accessibility who don't mind additional driving for daily needs.
Great for
Affluent Families
Luxury Renters
Professionals
Retirees
Neighborhood vibe
Scenic
Established
Residential
View 10 listings
South San Pedro
View 10 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 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

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

Paradise Hills Civic

What it’s like to live in Paradise Hills Civic

Great for

Neighborhood vibe

South San Pedro

What it’s like to live in South San Pedro

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?