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

407 rentals available

Northpointe Village Apartment Homes
$1,025
12801 Indian School Rd NE, Albuquerque, NM 87112
(415) 702-4299
Rent Savings
18 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
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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
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Las Brisas
$991
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.
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THE Q AT VASSAR
$1,490
1920 Vassar Drive Northeast, Albuquerque, NM 87106
(505) 594-5594
1 unit available
2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Cable included + more
Premium Lifestyle
Luxury Living in Exclusive Albuquerque Setting
Nestled in an upscale neighborhood, The Q at Vassar offers spacious and elegant apartments, boasting modern amenities, including a pool and yoga space. Cats and dogs are welcomed, and the property features a delightful dog park. Conveniently close to grocery stores, restaurants, and parks, the location combines serene living with city proximity.
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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 Q at Nob Hill
$1,265
4805 Marquette Avenue Northeast, Albuquerque, NM 87108
(505) 594-5569
6 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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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.”
6 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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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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Telegraph Hill
$1,155
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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5.0
Puerta Del Sol
$1,169
4816 McMahon Blvd NW, Albuquerque, NM 87114
(205) 772-5050
Top rated for Location
10 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 Q AT UPTOWN
$1,560
7801 Marble Avenue, Albuquerque, NM 87110
(505) 594-5655
4 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Urban Oasis
Newly Renovated Urban Living in Albuquerque
Embrace modern urban living at THE Q AT UPTOWN in Albuquerque. Residents rave about the spacious, townhome-style apartments with stylish renovations, such as granite countertops and hardwood floors. The location is a hub for convenience and leisure, with shopping, parks, and entertainment options right at your doorstep. Cats and dogs are welcome, making it a pet-loving community.
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Historic Home 2 Bedroom +office 2 Baths, and Off street Parking
$2,599
423 Walter Street Southeast, Albuquerque, NM 87102
(505) 309-3713
1 unit available
3 bed
Amenities
On-site laundry and Parking
Recently updated units
Verified listing
Verified
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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3417 Marmac NE
$1,800
3417 Marmac Avenue Northeast, Albuquerque, NM 87106
(855) 962-4700
1 unit available
4 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Garage + more
Recently updated units
921 Dartmouth Dr NE
$1,995
921 Dartmouth Drive Northeast, Albuquerque, NM 87106
(505) 207-2704
1 unit available
3 bed
Amenities
Patio / balcony, Hardwood floors, Pet friendly, Carport, and Bbq/grill
Recently updated units
728 Mesa Del Rio St NW
$1,900
728 Mesa Del Rio Street Northwest, Albuquerque, NM 87121
(833) 835-0055
1 unit available
3 bed
Amenities
Air conditioning and Concierge
Recently updated units

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 8 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
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
South San Pedro
View 8 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 8 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

Northpointe Village Apartment Homes

Fully Furnished Home!

Las Brisas

THE Q AT VASSAR

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

The Q at Nob Hill

Casa Del Rey Norte

NE well located Two Bedroom Condo.

Telegraph Hill

Puerta Del Sol

THE Q AT UPTOWN

Historic Home 2 Bedroom +office 2 Baths, and Off street Parking

Casa Del Rey Sur

3417 Marmac NE

921 Dartmouth Dr NE

728 Mesa Del Rio St NW

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

Taylor Ranch

What it’s like to live in Taylor Ranch

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?