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.

Start your Albuquerque search

How many bedrooms do you need?

Apartments for Rent in Albuquerque, NM

422 rentals available

4100 Silver Ave SE
$1,300
4100 Silver Avenue Southeast, Albuquerque, NM 87108
(505) 578-5222
2 units available
1 bed • 2 bed
Amenities
In unit laundry, Dishwasher, Garage, Stainless steel, Coffee bar, Air conditioning + more
Recently updated units
Verified listing
Verified
Tierra Del Sol
$825
5817 Central Avenue Northwest, Albuquerque, NM 87105
(505) 551-0548
2 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.
Recently updated units
Verified listing
Verified
Lomas Gardens
$815
12601 Lomas Boulevard Northeast, Albuquerque, NM 87112
(505) 308-1647
3 units available
1 bed • 2 bed
Amenities
On-site laundry, Parking, Range, and Refrigerator
Convenient Access
Enjoy scenic views and nearby Albuquerque amenities
Lomas Gardens stands out with its beautiful balconies, offering scenic views and fresh air. Residents enjoy ease with on-site laundry and off-street parking. The location provides convenient access to shops, restaurants, and parks, offering plenty of nearby activities.
Recently updated units
Verified listing
Verified
The Portals
$845
1180 Alvarado Drive SE, Albuquerque, NM 87108
(505) 370-4554
Rent Savings
1 unit available
1 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Gym + more
Convenience Galore
Prime location with enhanced security and easy mobility
The Portals offers a peaceful living experience in Albuquerque with a focus on security and convenience. Residents benefit from on-site laundry and a secure gated community. With easy access to parks, shops, and restaurants, everything is just at your fingertips.
Recently updated units
Verified listing
Verified
505 Central
$1,200
505 Central Avenue Northwest, Albuquerque, NM 87102
(505) 551-0292
2 units available
Studio
Amenities
In unit laundry, Dishwasher, Pet friendly, Stainless steel, Air conditioning, Microwave + more
Downtown Charm
Vibrant Downtown Living With Modern Conveniences
505 Central offers a prime downtown Albuquerque location, providing easy access to an array of local attractions and conveniences. Residents rave about the stylish, industrial design and the vibrant atmosphere, thanks to on-site dining and entertainment options. With both cats and dogs welcome, this property is perfect for pet lovers.
Recently updated units
Verified listing
Verified
5.0
Glo Apartments
3901 Indian School Road Northeast, Albuquerque, NM 87110
(505) 278-5237
$1,143+ moTotal price12-mo lease
Top rated for Location
“The management is so friendly! If you have any complaints they do there best to resolve it as soon as possible. The neighbors are very friendly as well and I’ve never had a problem with noise.”
11 units available
1 bed • 2 bed
Amenities
24hr laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Convenient Oasis
Exceptional location and superb amenities await you.
Glo Apartments offers a prime location in the Altura neighborhood, just steps away from entertainment, grocery stores, and restaurants. Enjoy the best of Albuquerque living with top-notch on-site amenities such as a modern gym, refreshing pool, and secure parking options. With a pet-friendly policy welcoming both cats and dogs, the community is perfect for pet lovers. Residents rave about the professionalism and friendliness of the management team.
Recently updated units
Verified listing
Verified
Olympus Highlands North
$2,081
200 Mulberry Street Northeast, Albuquerque, NM 87106
(505) 391-5663
5 units available
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.
Recently updated units
Verified listing
Verified
Olympus Alameda
$1,563
6301 Alameda Boulevard Northeast, Albuquerque, NM 87113
(505) 509-5348
Rent Savings
17 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, Stainless steel + more
Luxury Living
Upscale apartments with stunning amenities in Albuquerque.
Olympus Alameda offers exquisite amenities like two resort-style pools, a state-of-the-art gym, and a pet park for dog lovers. Located in Nor Este, this elegant property is surrounded by delightful dining options and lush parks within walking distance. Residents love the modern layouts and praise the management team for their attentiveness.
Recently updated units
Verified listing
Verified
Olympus Northpoint
$1,549
9100 San Mateo Boulevard Northeast, Albuquerque, NM 87113
(505) 278-6357
Rent Savings
22 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Nest technology, Putting green, Patio / balcony, Hardwood floors, Dishwasher + more
Luxury Living
Resort-Style Living with Exceptional Amenities
Olympus Northpoint offers a luxurious lifestyle with amazing features. Revel in the stunning outdoor swimming pool and resort-inspired cabanas. Residents enjoy a clean, quiet environment with picturesque views of hot air balloons. The community stands out for its modern amenities and convenient park access.
Recently updated units
Verified listing
Verified
Olympus Encantada
$1,571
6401 Santa Monica Ave NE, Albuquerque, NM 87109
(424) 351-9725
23 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxury Living
Spacious layouts with panoramic mountain views.
Olympus Encantada offers luxury living in Albuquerque with spacious apartments featuring high ceilings and stunning mountain views. Enjoy a location that's just minutes from Loma del Norte Park and around fabulous dining options. Residents love the modern amenities including the resort-style pools and state-of-the-art fitness center.
Recently updated units
Verified listing
Verified
5.0
La Paloma
$1,235
6001 Moon St NE, Albuquerque, NM 87111
(505) 407-8902
Top rated for Location
“I thought I would be out on the streets but they are the best and great and fast maintenance. Looking forward to a new year here!”
26 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Resort Living
Resort lifestyle with modern amenities and stunning mountain views.
La Paloma offers a resort-style living experience in Albuquerque's Northeast Heights. Residents enjoy modern amenities like in-unit washers and dryers, two refreshing pools, and a fitness center. The property is also ideally located near shopping centers, parks, and restaurants, providing beautiful mountain views for a serene atmosphere. With friendly staff and meticulously maintained facilities, it's perfect for those seeking a vibrant and active lifestyle.
Recently updated units
Verified listing
Verified
Encanto at Mesa del Sol
2500 Bobby Foster Road SE, Albuquerque, NM 87106
(505) 666-5123
$1,472+ moTotal price15-mo lease
Rent Savings
9 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.
Recently updated units
Verified listing
Verified
Broadstone Nob Hill
4101 Central Avenue Northeast, Albuquerque, NM 87106
(505) 591-3166
$1,650+ moTotal price12-mo lease
9 units available
Studio • 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.
Recently updated units
Verified listing
Verified
Allaso Vineyards
8901 Holly Avenue NE, Albuquerque, NM 87122
(505) 384-7533
$1,528+ moTotal price12-mo lease
13 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.
Recently updated units
Verified listing
Verified
Allaso at High Desert
6701 Tennyson Street Northeast, Albuquerque, NM 87111
(505) 405-4325
$1,646+ moTotal price15-mo lease
37 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.
Recently updated units
Verified listing
Verified
Sun Plaza
4400 Montgomery Blvd NE, Albuquerque, NM 87109
(561) 794-4751
$1,465+ moTotal price12-mo lease
6 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.
Recently updated units
Verified listing
Verified

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 6 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 12 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 12 listings
Nob Hill
View 10 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 10 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

Neighborhoods

View all

More Rental Options

Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (77)

Cities

Counties

Bernalillo County Apartments (436)

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.

Apartments for Rent in Albuquerque, NM

4100 Silver Ave SE

Tierra Del Sol

Lomas Gardens

The Portals

505 Central

Glo Apartments

Olympus Highlands North

Olympus Alameda

Olympus Northpoint

Olympus Encantada

La Paloma

Encanto at Mesa del Sol

Broadstone Nob Hill

Allaso Vineyards

Allaso at High Desert

Sun Plaza

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

Taylor Ranch

What it’s like to live in Taylor Ranch

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?