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

Encanto at Mesa del Sol
2500 Bobby Foster Road SE, Albuquerque, NM 87106
(505) 666-5123
$1,482+ moTotal price14-mo lease
Rent Savings
8 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Parking, Stainless steel, Gym + more
Serene Oasis
Luxury Living, Nature at Your Doorstep
Encanto at Mesa del Sol offers a unique lifestyle, enveloped by New Mexico’s stunning nature. With easy access to outdoor activities and a serene environment, relaxation is guaranteed. Residents enjoy amenities like a resort-style pool and modern fitness center, adding to the property's charm.
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Allaso Vineyards
8901 Holly Avenue NE, Albuquerque, NM 87122
(505) 384-7533
$1,693+ moTotal price12-mo lease
Rent Savings
14 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, Stainless steel, Gym, Pool + more
Resort Luxury
Sophisticated living with unmatched amenities and local charm.
Allaso Vineyards offers a blend of sophisticated urban living and resort-style amenities. Nestled near scenic spots like the Sandia Mountains, residents enjoy convenient access to various retail and dining destinations. The community features themed areas like a winery-inspired lounge, providing unique relaxation and socializing spaces. With amenities allowing both dogs and cats, it supports a variety of lifestyles.
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Sun Plaza
4400 Montgomery Blvd NE, Albuquerque, NM 87109
(561) 794-4751
$1,220+ moTotal price12-mo lease
Rent Savings
10 units available
2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Lifestyle Convenience
Ideal comfort paired with exceptional local convenience.
Sun Plaza offers an exceptional blend of comfort and convenience, enriched by amenities like a basketball court, playground, and recently renovated interiors. Located in Albuquerque's Hodgin neighborhood, it boasts proximity to shopping centers and entertainment venues, ensuring that everything you need is within reach. Pets are welcome, making it a haven for cat and dog owners alike.
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Broadstone Nob Hill
4101 Central Avenue Northeast, Albuquerque, NM 87106
(505) 591-3166
$1,882+ moTotal price12-mo lease
7 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Pet friendly, Recently renovated + more
Nob Hill
Nob Hill's lavish, vibrant living with stunning amenities.
Broadstone Nob Hill offers vibrant living in Albuquerque's iconic Nob Hill neighborhood. It's renowned for lavish amenities, including a stylish pool, hot tub, and gym, plus in-house conveniences like stainless steel appliances and in-unit laundry. Residents appreciate the friendly community, responsive management, and a location teeming with shops, restaurants, and parks all within a short walk.
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Valley Apartments
1812 Indian School Rd NW, Albuquerque, NM 87104
(505) 436-3146
$1,201+ moTotal price12-mo lease
8 units available
1 bed • 2 bed • 3 bed
Amenities
W/D hookup, Patio / balcony, Hardwood floors, Pet friendly, Stainless steel, Walk in closets + more
Green Oasis
Pet-friendly haven with lush landscaping awaits in Albuquerque.
Valley Apartments offers a serene park-like setting just off Interstate 40. Enjoy lush green landscapes, inviting gardens, and a wide range of amenities including a gym, basketball court, and dog park. Cats and dogs are welcome, ensuring your furry friends enjoy this community as much as you do.
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Allaso Journal Center
7800 Headline Blvd NE, Albuquerque, NM 87109
(505) 608-6605
$1,491+ moTotal price12-mo lease
Rent Savings
13 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Dishwasher, Pet friendly, Parking, Walk in closets, Gym + more
Modern Oasis
Modern amenities in a peaceful, well-connected location.
Allaso Journal Center offers an exceptional living experience with modern amenities and a serene environment. Its location in Albuquerque is well-connected, with restaurants and entertainment options within walking distance. Residents love the beautiful, well-maintained property and appreciate the accommodating staff.
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Allaso at High Desert
6701 Tennyson Street Northeast, Albuquerque, NM 87111
(505) 405-4325
$1,594+ moTotal price15-mo lease
Rent Savings
45 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Putting green, Golf room, Patio / balcony, Hardwood floors, Pet friendly + more
Scenic Retreat
Breathtaking Sandia Mountains Views
Allaso High Desert is nestled in the stunning Sandia Mountain foothills, providing breathtaking views and proximity to hiking trails. Residents delight in upscale amenities like a resort-style pool and fitness center. Both cats and dogs are welcome, and there's a spacious dog park for furry companions to enjoy.
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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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Canoan Village Apartments
5300 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 594-9671
$1,125+ moTotal price12-mo lease
15 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Stunning Views
Discover mountain and city vistas in Albuquerque.
Canoan Village Apartments offer spacious living with breathtaking mountain and city views from their large balconies. Residents enjoy a peaceful atmosphere and appreciate the management's responsiveness. The location provides easy access to shopping, dining, and outdoor activities for a convenient lifestyle.
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Spring Park
5801 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 859-7266
$1,170+ moTotal price12-mo lease
Rent Savings
24 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Peaceful Oasis
Cozy home with stellar amenities and serene surroundings.
Spring Park in Albuquerque offers a peaceful atmosphere with access to beautiful green spaces like Academy Hills Park. Residents enjoy an array of top-notch amenities including an inviting outdoor pool, modern fitness center, and comfortable clubhouse. The property's prime location ensures convenient access to shopping, dining, and entertainment options within walking distance.
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Quincy
5905 Tierra Antigua Street NE, Albuquerque, NM 87111
(505) 539-2252
$1,438+ moTotal price12-mo lease
Rent Savings
13 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Garage + more
Pet Haven
Prime spot near vibrant shopping and dining.
Quincy offers an exceptional living experience with spacious homes, modern amenities, and a location close to shopping and dining. Residents enjoy the convenience of having three parks and nine restaurants within a mile. The community features two outdoor pools and a fitness center, and welcomes both dogs and cats.
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Circ
10300 Golf Course Road Northwest, Albuquerque, NM 87114
(928) 218-2958
$1,447+ moTotal price12-mo lease
Rent Savings
17 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Putting green, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly + more
Vibrant Community
Cheerful, modern apartments with abundant quality amenities.
Circ Apartments in Cottonwood Heights is a vibrant community with modern spaces and top-notch amenities. Enjoy the convenience of nearby shopping, dining, and entertainment, alongside stellar in-home features like a fireplace and in-unit laundry. With both dogs and cats welcome, it’s a home that embraces all family members.
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Uptown Horizon Apartments
$824
7601 Lomas Blvd NE, Albuquerque, NM 87110
(505) 594-8515
4 units available
Studio • 1 bed
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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Peaks at Sandia View
$975
1501 Indian School Road Northeast, Albuquerque, NM 87102
(505) 560-3372
Rent Savings
25 units available
1 bed • 2 bed
Amenities
24hr laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Vibrant Lifestyle
Enjoy Albuquerque's Charm and Accessibility
Peaks at Sandia View offers a vibrant lifestyle in Albuquerque. With a wonderful mix of dining, shopping, and entertainment close by, you'll love the convenience and charm of city living. The pet-friendly environment, complete with a relaxing courtyard and modern amenities like a gym and pool, makes every day enjoyable.
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Peaks at Los Ranchos
$1,025
6134 4th Street NW, Albuquerque, NM 87107
(505) 461-7758
Rent Savings
8 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Hardwood floors, Pet friendly, Recently renovated, 24hr gym, Pool + more
Nature-City Harmony
Live close to nature and vibrant city life.
Experience a perfect blend of nature and contemporary city living at Peaks at Los Ranchos. This pet-friendly community offers in-unit laundry, a 24-hour gym, and a pool, all within a vibrant neighborhood. Residents love the friendly atmosphere and having convenient access to shops and restaurants.
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West Park Apartments
$1,250
9251 Eagle Ranch Rd NW, Albuquerque, NM 87114
(505) 560-2609
3 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, Walk in closets + more
Quiet Comfort
Charming community with excellent shopping nearby.
West Park Apartments offers a serene lifestyle in Albuquerque, nestled in a peaceful area close to top-notch shopping, dining, and entertainment. Enjoy the thoughtfully designed one, two, and three-bedroom spaces equipped for comfort. Delight in on-site amenities such as a well-maintained fitness center and pool, fostering a friendly community vibe. Residents love the responsive management and the array of conveniences within walking distance.
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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 8 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
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
Paradise Hills Civic
View 9 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 9 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

South San Pedro

What it’s like to live in South San Pedro

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?