22 Cheap Apartments for rent in Albuquerque, NM

Last updated July 21 at 1:26am UTC
3924 Smith Ave SE
Southeast Heights
Albuquerque, NM
Updated July 20 at 9:45am UTC
2 Bedrooms
$600
335 DALLAS Street SE
Trumbull Village
Albuquerque, NM
Updated July 19 at 2:45am UTC
2 Bedrooms
$495
512 Cagua Dr SE
South San Pedro
Albuquerque, NM
Updated July 16 at 11:36am UTC
1 Bedroom
$595
5900 Marble Ave NE 206
Fair Heights
Albuquerque, NM
Updated July 6 at 7:28am UTC
1 Bedroom
$625
222 Maple Street NE
Sycamore
Albuquerque, NM
Updated July 4 at 2:25am UTC
Studio
$500
120 10th Street NW
Downtown Albuquerque
Albuquerque, NM
Updated July 2 at 9:46pm UTC
1 Bedroom
$625
3408 Wellesley NE
Alta Monte
Albuquerque, NM
Updated June 25 at 11:37pm UTC
Studio
$525
3210 Tulane Drive NE
Alta Monte
Albuquerque, NM
Updated June 14 at 4:58am UTC
1 Bedroom
$600
10789 Towner Ave NE
Albuquerque
Albuquerque, NM
Updated July 14 at 1:18am UTC
1 Bedroom
$550
7514 Pennsylvania Ln NE
Stardust Skies Park
Albuquerque, NM
Updated July 13 at 9:26am UTC
1 Bedroom
$625
205 Delamar Loop NW
Albuquerque
Albuquerque, NM
Updated July 7 at 5:19pm UTC
2 Bedrooms
$625

July 2018 Albuquerque Rent Report

Welcome to the July 2018 Albuquerque Rent Report. Albuquerque rents declined over the past month. In this report, we'll evaluate trends in the Albuquerque rental market, including comparisons to similar cities nationwide.

View full Albuquerque Rent Report
Rent Report
Albuquerque

July 2018 Albuquerque Rent Report

Welcome to the July 2018 Albuquerque Rent Report. Albuquerque rents declined over the past month. In this report, we'll evaluate trends in the Albuquerque rental market, including comparisons to similar cities nationwide.

Albuquerque rents declined over the past month

Albuquerque rents have declined 0.1% over the past month, but are up marginally by 0.7% in comparison to the same time last year. Currently, median rents in Albuquerque stand at $700 for a one-bedroom apartment and $860 for a two-bedroom. Albuquerque's year-over-year rent growth leads the state average of 0.6%, but trails the national average of 1.4%.

Albuquerque rents more affordable than many other large cities nationwide

As rents have increased marginally in Albuquerque, similar cities nationwide have seen rents grow more quickly. Albuquerque is still more affordable than most comparable cities across the country.

  • Albuquerque's median two-bedroom rent of $860 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 0.7% rise in Albuquerque.
  • While Albuquerque's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.0%) and Minneapolis (-0.1%).
  • Renters will find more reasonable prices in Albuquerque than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Albuquerque.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.