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

The June
13150 Wenonah Avenue Southeast, Albuquerque, NM 87123
(505) 240-6655
$1,048+ moTotal price12-mo lease
Rent Savings
17 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Comfortable Living
Ideal for outdoor enthusiasts in Singing Arrow.
Located in the peaceful Singing Arrow neighborhood, The June offers a vibrant atmosphere with convenient access to nearby hiking trails and biking paths. This community features a range of attractive amenities, including an outdoor kitchen and lounge areas, that cater to comfort and relaxation. Residents love the friendly community spirit and the helpful management team ensures a seamless living experience.
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Villa Serena
$1,025
12700 Indian School Rd NE, Albuquerque, NM 87112
(505) 591-9523
Rent Savings
11 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.
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Canyon Crest
$823
7303 Montgomery Boulevard Northeast, Albuquerque, NM 87109
(361) 322-6998
Rent Savings
16 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.
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Mont 44
$914
4401 Montgomery Blvd NE, Albuquerque, NM 87109
(505) 587-5834
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, All utils included, 24hr maintenance + more
Prime Value
Exceptional Albuquerque living in ideal location.
Discover Mont44 Apartments in Albuquerque, where a sense of community and outstanding amenities converge. The property offers a mix of spacious units that offer great value in this prime location. Cats and dogs are welcome, allowing you to enjoy this pet-friendly lifestyle. The central location provides quick access to numerous parks, trails, and shopping centers.
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Chelsea Village Apartments
$910
7100 Natalie Ave NE, Albuquerque, NM 87110
(878) 728-9853
18 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Garage, Recently renovated, Stainless steel + more
Exceptional Value
Modern comfort in a vibrant Albuquerque neighborhood.
Discover Chelsea Village Apartments, where style meets comfort. Enjoy modern, newly renovated apartments with outstanding amenities like a pool, fitness center, and playground. With cats and dogs allowed, pet lovers and their furry friends will feel at home. Located in the vibrant Stardust Skies Park neighborhood, residents are a short walk from diverse dining, entertainment options, and parks.
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Mountain Run
$1,195
5800 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 221-5207
Rent Savings
52 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Dogs allowed, Carport + more
Scenic Serenity
Modern luxury near trails and conveniences.
Mountain Run offers a perfect retreat with modern comforts and serene surroundings. Nestled close to hiking trails and reputed schools, it provides a peaceful living environment. Local reviews commend the friendly atmosphere and excellent management. Amenities like a heated pool and dog park enhance the living experience.
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River Walk at Puerta De Corrales
$1,079
3405 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 587-0990
Rent Savings
32 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Award-Winning Living
Tranquil community with lush landscaping and great amenities.
Voted the Best Apartments in 2023, River Walk offers a serene lifestyle with lush landscaping and resort-like amenities. Located in Puerta De Corrales, it provides convenient access to shopping, dining, and entertainment. With amenities like two swimming pools, a fitness center, and a dog park, it's ideal for those who enjoy relaxation and active living.
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Copper Hills
4200 Spanish Bit St NE, Albuquerque, NM 87111
(505) 560-1787
$899+ moTotal price12-mo lease
Rent Savings
8 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Nature Proximity
Scenic Living and Modern Amenities
Copper Hills provides a harmonious blend of nature and modern living, ideally located near the Cibola National Forest. Enjoy spacious, well-designed interiors and exceptional amenities such as two superb swimming pools and a playground. Pets are welcome, with both cats and dogs enjoying the on-site dedicated dog park.
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4.0
Calero
8000 Montgomery NE, Albuquerque, NM 87109
(505) 322-6344
$1,173+ moTotal price12-mo lease
Top rated for Location
11 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Pet Paradise
Calero: Pet-friendly haven with top-notch amenities!
Calero offers a serene and pet-friendly atmosphere with beautifully designed apartments. It's nestled in a location with highly rated schools, ample grocery stores, and vibrant shopping options nearby. Residents love the tranquil environment, making it a sought-after place to call home.
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Solaire
$1,255
3550 Old Airport Rd NW, Albuquerque, NM 87114
(505) 605-6524
23 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Convenient Living
Exceptional amenities and vibrant local community.
Solaire Apartments offers a blend of modern comfort and vibrant surroundings, just minutes from downtown Albuquerque. Enjoy a plethora of amenities, including a resort-inspired pool, fitness center, and clubhouse. Residents cherish the pet-friendly atmosphere with an onsite dog park and the property's proximity to fantastic dining, entertainment, and shopping options.
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Crescent Ridge
$952
8200 Bridge Boulevard Southwest, Albuquerque, NM 87121
(505) 578-1977
Rent Savings
35 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Pet friendly, Recently renovated, Gym, Pool, Air conditioning + more
Comprehensive Amenities
Relaxed living with everything at hand in Albuquerque
Crescent Ridge offers an array of amenities, including a resort-style pool, fitness center, and multiple basketball courts, ensuring a vibrant living experience. Situated in Albuquerque, the property is in close proximity to shops and the freeway, providing excellent convenience. The community is pet-friendly and boasts beautifully maintained grounds. Enjoy the added comfort of in-unit laundry facilities and modern appliances.
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Northpointe Village Apartment Homes
$1,149
12801 Indian School Rd NE, Albuquerque, NM 87112
(415) 702-4299
Rent Savings
26 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.
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Diamond Mesa
2300 Diamond Mesa Trail Southwest, Albuquerque, NM 87121
(707) 229-1142
$1,481+ moTotal price14-mo lease
26 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Comprehensive Amenities
Delightful Location with Unmatched Amenities
Diamond Mesa offers a tranquil atmosphere with a host of modern amenities such as a state-of-the-art gym, two sparkling swimming pools, and a relaxing hot tub. Residents rave about the spacious townhomes and the sense of community fostered by the friendly and supportive staff. The location is great for accessing universities and military bases, and is surrounded by tranquil parks.
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4.0
Arrowhead Pointe
12021 Skyline Road Northeast, Albuquerque, NM 87123
(505) 278-7685
$943+ moTotal price6-mo lease
Top rated for Location
22 units available
1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Patio / balcony, Dishwasher, Pet friendly, Parking, Pool + more
Scenic Serenity
Peaceful mountain views with friendly onsite team.
Arrowhead Pointe offers scenic mountain views, nestled in the tranquil Sandia Ridge East. This community is known for its peace and quiet, perfect for those seeking a serene environment. Residents love the accommodating staff and enjoy the easy access to local parks and restaurants within walking distance.
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La Ventana Apartments
$1,349
12200 Academy Rd NE, Albuquerque, NM 87111
(505) 278-5090
24 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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Desert Willow Apartments - Affordable
$1,153
8901 Jefferson Street Northeast, Albuquerque, NM 87113
(505) 796-8582
5 units available
2 bed
Amenities
In unit laundry, Pet friendly, Garage, Walk in closets, Gym, Pool + more
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The average rent for a 1 bedroom apartment in Albuquerque is $1,248+, while the average rent for a 2 bedroom apartment is $1,540+. Rent rates updated 2 days ago

Studio: $952+Trending down
1 Bed: $1,248+Trending down
2 Beds: $1,540+Trending down
3+ Beds: $1,854+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
Nob Hill
View 12 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 12 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

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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

Nob Hill

What it’s like to live in Nob Hill

Great for

Neighborhood vibe

Paradise Hills Civic

What it’s like to live in Paradise Hills Civic

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?