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

400 rentals available

El Pueblo I Apartments
$766
6020 Kathryn Avenue Southeast, Albuquerque, NM 87108
(505) 365-6709
1 unit available
1 bed
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, Cable included, Parking + more
Price Advantage
Significant cost savings below metro average.
El Pueblo I Apartments offers an incredible value at prices 43% below the metro average. Residents enjoy secure gated access for peace of mind and convenient on-site laundry facilities. Located near public transportation, commuting is seamless, and nearby parks provide excellent spaces for leisure.
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Palazzo Apartments
$850
14124 Copper Ave NE, Albuquerque, NM 87123
(448) 288-3095
Rent Savings
10 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Pet friendly, Parking, Recently renovated, Stainless steel + more
Modern Oasis
Stylish living near parks and outdoor activities.
Palazzo Apartments offers a unique blend of modern living and outdoor enjoyment. Set in a vibrant neighborhood, the community is surrounded by enticing parks and trails perfect for hiking and biking enthusiasts. Residents adore the newly remodeled units with state-of-the-art finishes and enjoy pet-friendly policies that make it convenient for both dogs and cats.
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Tesoro on Spain
$1,115
9900 Spain Road NE, Albuquerque, NM 87111
(806) 666-6159
15 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.
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Sierra Meadows
$1,240
4236 Eubank Blvd NE, Albuquerque, NM 87111
(505) 552-4410
Rent Savings
6 units available
2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Ample Amenities
Spacious luxury with great value for residents.
Sierra Meadows offers spacious apartments noted for luxury and great value. The friendly management team enhances a stress-free living experience, and the property is ideal for families with pets. Conveniently located near dining, shopping, and scenic Sandia Mountain trails, residents enjoy a harmonious blend of city and outdoor life.
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Albuquerque city guide
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Cinnamon Tree 15-1153
Studio • 1 Bath • 326 sqft
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FIRST MONTH RENT FREE! - ALL UTILITIES INCLUDED! 1611 - 02
Studio • 1 Bath • 343 sqft
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4908 Burton Ave Se Florida Room
1 Bed • 1 Bath • 320 sqft
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Comanche Wells D338
Studio • 1 Bath • 420 sqft
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Desert Creek 0299
Studio • 1 Bath • 172 sqft
Total monthly rent
$889
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Lifestyles at Renaissance
$1,111
4920 Union Way NE, Albuquerque, NM 87107
(828) 344-5269
Rent Savings
8 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Peaceful Retreat
Tranquil living with easy access to conveniences.
Lifestyles at Renaissance offers a serene and safe environment for residents. With easy access to shopping centers and nature trails, it's perfect for those who enjoy both convenience and tranquility. The management team is exceptionally friendly and responsive, ensuring a pleasant living experience.
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Uptown Horizon Apartments
$799
7601 Lomas Blvd NE, Albuquerque, NM 87110
(505) 594-8515
1 unit available
Studio
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, Parking, Recently renovated + more
Convenient Living
Walkable to Uptown Shopping and Dining Highlights
Uptown Horizon Apartments offer exceptional convenience with its proximity to the vibrant Uptown Shopping District and dining options. Residents love the recently renovated features like gated parking and a sparkling pool. The community amenities provide a relaxing and enjoyable living experience, including a BBQ area, serene courtyards, and on-site laundry facilities.
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Rancho Verde Apartments
$1,205
5800 Truchas Drive NE, Albuquerque, NM 87109
(628) 257-6052
6 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Prime Locale
Embrace Vibrant Albuquerque Living with Luxe Amenities.
Located in the heart of NE Albuquerque, Rancho Verde Apartments offers a vibrant lifestyle surrounded by a variety of local amenities. With grocery stores and over 20 restaurants just a short walk away, convenience is at your doorstep. Residents love the well-maintained community amenities and the welcoming, responsive management. Plus, cats and dogs are welcome, making it perfect for pet owners.
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Zia Townhomes
$1,695
12004 Zia Road Northeast, Albuquerque, NM 87123
(505) 657-8363
3 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.
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El Pueblo II Apartments
$766
6021 Anderson Avenue Southeast, Albuquerque, NM 87108
(505) 339-2060
5 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.
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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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Luxury apartments
Top units for an elevated lifestyle.
1801 Notre Dame DR NE 4 Bed
4 Beds • 5 Baths • 3483 sqft
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305 Aliso DR SE 3 Bed
3 Beds • 2 Baths • 2022 sqft
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1623 San Patricio AVE SW 3 Bed
3 Beds • 3 Baths • 2493 sqft
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801 Southeast CIR NW 2 Bed
2 Beds • 2.5 Baths • 1815 sqft
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6057 Nauman Drive Dr SE 4 Bed
4 Beds • 2 Baths • 2114 sqft
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Olympus Highlands North
$1,573
200 Mulberry Street Northeast, Albuquerque, NM 87106
(505) 391-5663
Rent Savings
9 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxurious Amenities
Elevate life in Albuquerque with resort-style living.
Olympus Highlands North offers the perks of luxurious living with its upgraded apartments in Albuquerque's Sycamore neighborhood. The property provides easy access to local shops and restaurants, complemented by top-tier amenities like a well-maintained fitness center and sparkling pool. Residents enjoy the quiet, safe environment and find themselves immersed in comfort and convenience.
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Fair Plaza Apartments
$843
5901 Alice Avenue Northeast, Albuquerque, NM 87110
(505) 278-6746
2 units available
1 bed
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, Parking, Air conditioning + more
Central Location
Convenient access to Albuquerque's top destinations.
Fair Plaza Apartments is located in the heart of Albuquerque, providing easy access to the university, downtown, and popular routes like Route 66. The community enjoys a quiet and clean atmosphere, with cats and dogs being welcomed. Residents love the well-maintained units and friendly neighborhood feel.
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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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Casa Del Rey Oeste Apartments
$823
125 Cardenas Drive Northeast, Albuquerque, NM 87108
(505) 365-6689
7 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.
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Odyssey
$1,105
10600 Cibola Loop Northwest, Albuquerque, NM 87114
(910) 838-6290
31 units available
Studio • 1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Patio / balcony, Dishwasher, Pet friendly, Garage, 24hr gym + more
Community Comfort
Top-favorited in a popular, convenient neighborhood
Odyssey offers a vibrant community in the popular Seven Bar North neighborhood of Albuquerque. Residents relish the well-maintained amenities, including a fitness center and pool, in a safe, calm locale. The property's popularity speaks volumes—it’s a top-favorited spot with excellent concierge service and responsive management.
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Pinewood Estates
$939
1401 Pennsylvania ST NE, Albuquerque, NM 87110
(505) 594-4986
Rent Savings
19 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, 24hr maintenance + more
Convenience-Enhanced
Comfort meets convenience in Albuquerque.
Pinewood Estates boasts a fantastic location in Albuquerque's Uptown, with easy access to shopping, dining, and transportation, ensuring a smooth commute and effortless daily errands. Residents enjoy an array of amenities such as a beautiful pool, clubhouse, and pet-friendly accommodations. The community is known for its friendly atmosphere, supported by responsive management.
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City Guide

The average rent for a 1 bedroom apartment in Albuquerque is $1,299+, while the average rent for a 2 bedroom apartment is $1,566+. Rent rates updated 6 days ago

Studio: $964+Trending down
1 Bed: $1,299+Trending down
2 Beds: $1,566+Trending down
3+ Beds: $1,894+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

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

Paradise Hills Civic

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

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

Neighborhoods

More Rental Options

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Price

Amenities

Property Type

Albuquerque Short-term Apartments (80)

Cities

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Bernalillo County Apartments (414)

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.

Albuquerque Rent Report: November 2025

Welcome to the Apartment List November 2025 Rent Report for Albuquerque, NM. Currently, the overall median rent in the city stands at $1,221, roughly the same as last month. Prices remain up 0.8% year-over-year. Read on to learn more about what’s been happening in the Albuquerque rental market and how it compares to trends throughout the nation as a whole.

Albuquerque Rent Report: November 2025

Apartments for Rent in Albuquerque

If you've ever dreamt of hiking two hours up a mountain in the warm sunshine, camping in the wilderness, and then skiing right back down the mountain into your, then it's not virtual reality you're dreaming about, it's Albuquerque! With over 310 days of sunshine a year, and a very mild, dry winter, people of all ages love the place that the locals call “Burque.”
We've got some good news. It's totally easy to find a great place to live in Albuquerque. There are a lot of available apartments, houses, and houses that have been transformed into apartments and the prices are amazingly low. While location is important (more on that later), Albuquerque is small enough that wherever you rent, you'll always be right next to the great outdoors. In fact, if you drive forty minutes out of town from anywhere in the city, you'll be in the middle of the desert. Another plus? When we say 40 minutes, we mean it. Albuquerque traffic is virtually unheard of (commuters rejoice!)

Now we know you've already got your backpack on and you're raring to go camping, but if you ever want to rejoin the rest of us in polite society, you'll need a place to shower after you come back down that mountain and wherever else will you store all your gear? Let's find you that perfect Albuquerque apartment.

Average Rent in Albuquerque

The following rent averages come from current listings on our website. Rent prices listed are averages and may not reflect the cost of specific units. Rental prices can vary depending on factors like size, location, amenities, and availability.

How Much Is Rent for a Studio Apartment in Albuquerque?

On average, expect to pay around $996 per month for a studio apartment in Albuquerque.

How Much Is Rent for a 1-Bedroom Apartment in Albuquerque?

The average rent for a 1-bedroom apartment in Albuquerque is approximately $1,331 per month.

How Much Is Rent for a 2-Bedroom Apartment in Albuquerque?

In Albuquerque, a 2-bedroom apartment typically rents for around $1,674 per month.

How Much Is Rent for a 3-Bedroom Apartment in Albuquerque?

A 3-bedroom apartment in Albuquerque will cost, on average, $1,996 per month.

Transportation in Albuquerque

Most people choose to get around in Albuquerque by car, but the city offers a mix of transportation options for locals, depending on their needs and preferences. Here's a breakdown of some popular choices:

Public Transportation: ABQ RIDE is the city's public bus system, with routes crisscrossing Albuquerque and extending to the suburbs. It even includes a rapid transit line (ART) along Central Avenue for faster commutes. ABQ Ride is currently free to ride.
Rail: The Alvarado Transportation Center serves as Albuquerque's transportation hub, connecting intercity and commuter rail services. Amtrak and Greyhound provide long-distance connections, while the New Mexico Rail Runner Express (NM Rail Runner) offers an efficient way to travel to Santa Fe and surrounding areas.
Cars: Having a car allows for more flexibility, especially for navigating Albuquerque's sprawling city limits and reaching destinations outside the bus network. Interstates 25 and 40 are the major highways, and legendary Route 66 runs through the heart of Albuquerque on Central Avenue.
Ridesharing: Lyft and Uber are popular options for on-demand rides, particularly useful for nighttime trips or situations where public transportation isn't convenient.

Pet-Friendly Apartment Hunting in Albuquerque

If you're planning to move to Albuquerque with pets, you should know about the laws. Burque is a very “dog friendly” town, and there are a lot of dog parks and patios that welcome dogs. However, the city requires pet-loving Burqeños (as the locals are called) to microchip and spay or neuter their dog or cat. If you don't wish to spay or neuter your pet, you need to obtain an “intact animal permit” from the city for a whopping $150 per year! If you're non-compliant with the law, and the pound picks up your pet, you're in for up to a $500 fine, or up to 90 days in jail!

Albuquerque also limits the amount of pets you may own: you can have a total of six, with no more than four dogs. Most Albuquerque apartment complexes frown on tenants with larger dogs, so if you're looking to move with your beautiful Golden Retriever or your intelligent German Shepherd, you'll want to look for a house.

So, future Burqeños, you've already packed your backpack and strapped on your hiking boots. Now all you have to do is saddle up your Subaru Outback with those ski racks, grab your mountain bike, and start trekking toward your new campsite. We wish you the best. Just make sure to take full advantage of that shower!

FAQs about Apartments in Albuquerque

Still have questions about renting in Albuquerque? Here are some of the most commonly asked questions from people who are moving to the city for the first time:

Is rent expensive in Albuquerque?

As of April 2024, the median rent for a one-bedroom in Albuquerque was $965, and the city ranked 52nd for the top 100 most expensive cities in the country. At that rate, we estimate you would need to earn around $40,000 to afford a one-bedroom in the city.

Is rent going up in Albuquerque?

As of April 2024, rent in Albuquerque had increased slightly by 0.9% over the previous year, and by only 0.5% over the previous month. This is close to the state's overall average of 1.3% growth, which outpaces the rest of the country, where rents have fallen by an average of 0.8%.

Is it cheaper to live in Albuquerque or Santa Fe?

According to our data, as of April 2024, the median rent for a one-bedroom in Albuquerque was only $965 compared to Santa Fe's $1,292, which makes Albuquerque notably more affordable for renters than the state's capital.

Neighborhoods in Albuquerque

Albuquerque is divided into quadrants, bisected vertically by the Rio Grande river, and horizontally by the BNSF Railroad. The city is bounded on the east by the Sandia Mountains, on the north by Sandia Pueblo, and on the south by Isleta Pueblo. Suburbs like Rio Rancho, Los Lunas, and Belen all spread out from the west side of the city. Because Albuquerque is contained on three sides, the urban sprawl factor is low, and the city maintains a charming, small-town feel. Albuquerque has a super laid-back vibe, so the town can be separated into four swinging '60s sections: “Raise Your Consciousness (and Altitude),” “Get Groovy, Baby,” “I Dig It,” and “Be There or Be Square.”

Northeast, Uptown, The Heights

The Northeast quadrant stretches from the University of New Mexico's campus, through swanky Uptown and the Balloon Fiesta Park, and finally butts up against the Sandia Mountains (the foothills area is called “The Heights”, and as the elevation rises, so does the price). This area is perfect for studious intellectuals, active retirees, and hardcore outdoors-y types. If you're moving to Burque to get in touch with nature, this is the area for you. You can go hiking, trail-running, mountain biking, and camping . . . then come home from your exhilarating day and easily go grocery shopping or attend night school. Prices vary quite a bit in this area depending on if you're renting a 2BR apartment near Central Ave. in the quite charming “University Ghetto” ($600), or if you're renting a 3BR house in the Tanoan subdivision in the “Heights” ($1250).

Southeast, Nob Hill

The bustling Southeast quadrant of Burque is the place to live if you're a boutique shopper, an urban walker, an avid chef, or a sports and music fanatic. Southeast Albuquerque is the home to Nob Hill which is a park, restaurant, and boutique-filled area, and is perfect for young or retired couples, as well as anyone who doesn't want to own a vehicle, because the “Rapid Ride” commuter bus rocks this area! Nob Hill also has the strongest late night scene in the city, but if all-night partying is your thing, Albuquerque may not be your place. The Albuquerque Sunport (that's “airport” to the rest of us) is here, and so are the Asian restaurants and shops (including a fabulous international market named Talin). All of Albuquerque's big concerts also come here; The Pavilion, Burque's largest music venue, is in this quadrant. Although Albuquerque has no professional sports teams, the Southeast quadrant holds all of Burque's sports venues, including Isotopes Park (yes, they were named after the team on The Simpsons). Rates vary here as well; a 1BR apartment closer to the center of town, near Central New Mexico Community College (CNM) would cost very little ($500), but just like in the Northeast quadrant, as you get closer to the mountains the rent goes up. A 2BR near the mountains in the “Four Hills” area would be pricier ($1350).

Southwest, South Valley

Southwest Albuquerque, also known as the “South Valley” is a great option for people who want to get their hands dirty. If you love farms, open space, and want to be really close to some awesome CSA's, this is the place for you. The South Valley is a seriously rural area that's still in the heart of the city, and is home to some of the most traditional families, events, and foods in town. Because this is such a rural area, it's easier to find houses than it is to find apartments, but the houses tend to be very affordable, just like everything else in Albuquerque. A 3BR town-home in the historic Barelas neighborhood will take some saving for ($1250), but in the farmland, a 3BR “horse friendly house” on one acre won't cost much at all ($900).

Northwest, Downtown, Old Town

The “North Valley” is great for cultured history buffs. Downtown is known more for its historic buildings than it is for its night-time party scene, but after dark the exterior of the downtown buildings are lit to create a beautiful nighttime view, and the theaters here are great. Downtown has some small music venues, and some college bars, but the restaurants and businesses tend to close after lunch, and the vibe is pretty mellow. Downtown is a wonderful place to live without a car, because it's the central hub for Amtrak, Greyhound, ABQ Ride (the city's bus system), and the Rail Runner commuter train. If you plan to go without a car though, know that there aren't any grocery stores downtown, and you'll have to use that public transportation to buy food. History buffs will love Old Town, which is Albuquerque's original central square. Old Town oozes charm, with its wrought iron lampposts and old-fashioned feel. If you like showing off your Victorian jewelry and clothing, and you frequently go out for high tea, Old Town is where you should be. The North Valley also holds the Bosque park preserve, and opens up to Albuquerque's suburbs, such as Rio Rancho. A 2BR loft apartment in Downtown won't cost much ($900), but for a 2BR in Old Town, all that charm will raise the rates ($1600).

Sandia Mountains (East)

The East Mountains area is also technically a part of Albuquerque, but they're separated from the metro area by the Sandia Mountains, resulting in about a twenty minute drive to the city. The prices are pretty steep in many areas of the East Mountains, and the snowfall level is much higher than the rest of Albuquerque, but if rural is your thing and you're one of the ones with dreams of hiking in your own backyard, we recommend giving some serious thought to the East Mountains. Warning though, many areas still don't have DSL access (we're talking log cabins here!) and you'd have to either deal with dial-up, or fork out some extra cash to get satellite internet. Active retirees love the quiet of this area, and with the only five-star rated golf club in the Southwest (Paa-Ko Ridge), the East Mountains are definitely a sweet-spot for many. Note that it's hard to find a small place to live in the East Mountains, and a 4BR will come with a big ticket ($2500).

Apartments for Rent in Albuquerque, NM

El Pueblo I Apartments

Palazzo Apartments

Tesoro on Spain

Sierra Meadows

Lifestyles at Renaissance

Uptown Horizon Apartments

Rancho Verde Apartments

Zia Townhomes

El Pueblo II Apartments

Tierra Del Sol

Olympus Highlands North

Fair Plaza Apartments

Ocotillo Ridge

Casa Del Rey Oeste Apartments

Odyssey

Pinewood Estates

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

More Rental Options

Find Apartments in Albuquerque, New Mexico

Frequently Asked Questions (FAQs)

Albuquerque, NM Rental Market Trends

Albuquerque Rent Report: November 2025

Albuquerque Rent Report: November 2025

Albuquerque Renter Confidence Survey

Living in Albuquerque, NM

Albuquerque Apartment Renter's Guide

Albuquerque Apartment Renter's Guide

Apartments for Rent in Albuquerque, NM

El Pueblo I Apartments

Palazzo Apartments

Tesoro on Spain

Sierra Meadows

Lifestyles at Renaissance

Uptown Horizon Apartments

Rancho Verde Apartments

Zia Townhomes

El Pueblo II Apartments

Tierra Del Sol

Olympus Highlands North

Fair Plaza Apartments

Ocotillo Ridge

Casa Del Rey Oeste Apartments

Odyssey

Pinewood Estates

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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?

Albuquerque, NM Rental Market Trends

Albuquerque Rent Report: November 2025

Albuquerque Rent Report: November 2025

Albuquerque Renter Confidence Survey

Living in Albuquerque, NM

Albuquerque Apartment Renter's Guide

Albuquerque Apartment Renter's Guide