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

412 rentals available

River Rock Apartments
$850
12301 Lomas Blvd NE, Albuquerque, NM 87112
(470) 722-8168
Rent Savings
13 units available
1 bed • 2 bed
Amenities
On-site laundry, Pet friendly, Parking, Recently renovated, Stainless steel, Walk in closets + more
Convenient Living
Vibrant Albuquerque living near local delights
River Rock Apartments offers a cost-effective living experience in Albuquerque, surrounded by a diverse range of dining and entertainment options. Cats and dogs are welcome, and the property is equipped with convenient amenities such as on-site laundry, a swimming pool, and a beautifully maintained courtyard. The attentive management team and well-maintained facilities guarantee a pleasant living environment.
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The Overlook
$1,150
6200 Eubank Boulevard NE, Albuquerque, NM 87111
(505) 588-4448
48 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Carport, Stainless steel + more
Pet Paradise
Prime locale near parks, top dining, and fun.
Enjoy a lively community with vibrant local attractions and amenities. The Overlook Apartments in Albuquerque boasts excellent accessibility to top dining spots, scenic parks, and entertainment venues, making weekends leisurely and exciting. With both dogs and cats allowed, our pet-friendly community is perfect for animal lovers seeking a home in a delightful neighborhood.
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Prisma Apartments
$1,299
3305 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 657-5948
Rent Savings
18 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Dogs allowed, 24hr maintenance + more
Vibrant Locale
Experience modern living amidst nature and city life.
Prisma Apartments offers an inviting living experience in Albuquerque. Enjoy all the comforts of home with modern amenities such as a pool, gym, and in-unit laundry. Residents love the friendly atmosphere and appreciate the attentive management team. Located near parks, trendy restaurants, and shopping, Prisma strikes the perfect balance between nature and city conveniences.
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Cinnamon Tree
$724
7220 Central Avenue Southeast, Albuquerque, NM 87108
(505) 717-0019
Rent Savings
55 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Dishwasher, Pet friendly, 24hr maintenance, Carport, Walk in closets + more
Prime Location
Spacious living with enhanced amenities and scenic views.
Cinnamon Tree in Albuquerque offers exceptional apartment living with a variety of floor plans and amenities, including a gym, pool, and pet park. Located in a vibrant area with numerous nearby parks, schools, and restaurants, residents experience both excitement and tranquility. Well-maintained grounds and a helpful management team add to the appeal.
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Oak Tree Park Apartments
$999
5800 Osuna Rd NE, Albuquerque, NM 87109
(505) 333-0270
26 units available
1 bed • 2 bed
Amenities
In unit laundry, Granite counters, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxurious Living
Oasis of tranquility with vibrant, spacious homes.
Oak Tree Park Apartments offers an exquisite living experience with spacious one and two-bedroom layouts. Located in Del Norte, Albuquerque, this community boasts modern amenities like in-unit washers and dryers, and a responsive management team. With schools, parks, and popular eateries just a walk away, it caters to a dynamic lifestyle.
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River Walk at Puerta De Corrales
$1,109
3405 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 587-0990
Rent Savings
37 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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Treehouse Apartments
$954
4610 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 210-8871
Rent Savings
9 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Natural Haven
Green spaces and convenience blend perfectly here
Treehouse Apartments boasts lush landscapes and ample green spaces that residents love. Located near top conveniences like schools, dining, and shopping, its position caters perfectly to both leisurely and work-centric lifestyles. Residents praise the dedicated dog park and swimming pool facilities, completing the ideal living environment.
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The French Quarter
$880
1101 Palomas Drive Southeast, Albuquerque, NM 87108
(505) 365-6570
Rent Savings
4 units available
1 bed
Amenities
W/D hookup, Pet friendly, All utils included, 24hr maintenance, Carport, Recently renovated + more
Charming Amenities
Spacious apartments with scenic courtyards delight residents.
Experience the charm of spacious living at The French Quarter. Residents love the beautifully landscaped courtyards, complete with elegant water fountains and shaded picnic areas. With all utilities included, enjoy hassle-free living that's further enhanced by nearby dining favorites.
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Alvarado Apartment Homes
$949
611 Lead Ave SW, Albuquerque, NM 87102
(505) 437-4801
Rent Savings
23 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Convenient Living
Modern apartments near Albuquerque downtown attractions.
Alvarado Apartment Homes offers modern, pet-friendly living with ample amenities. Located minutes from downtown Albuquerque, enjoy quick access to dining, entertainment, and public transportation. Residents appreciate efficient maintenance and a warm management team.
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Odyssey
$907
10600 Cibola Loop Northwest, Albuquerque, NM 87114
(910) 838-6290
28 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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The Reserve Apartments
1001 Tramway Blvd NE, Albuquerque, NM 87112
(276) 322-8776
$1,118+ moTotal price12-mo lease
Rent Savings
20 units available
1 bed • 2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Scenic Escape
Refreshing Albuquerque views, vibrant community, unmatched living experience.
The Reserve Apartments offers a vibrant living experience in a serene environment. Located in Albuquerque's Panorama Heights, residents appreciate the scenic foothill views and the well-maintained landscaping. The community offers great value as it is priced below the metro average. You can enjoy amenities such as a tennis court, fitness center, or relax by the pool.
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Gorgeous 2 bedroom in Barelas! Great location. Washer/Dryer. 1 car garage.
$1,625
317 Hazeldine Avenue Southwest, Albuquerque, NM 87102
(505) 560-3586
1 unit available
2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Dogs allowed, Garage, Recently renovated + more
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NE Heights ---Close to the Sandia Mountains
$2,200
2916 Candelita Court Northeast, Albuquerque, NM 87112
(505) 405-2162
1 unit available
3 bed
Amenities
In unit laundry, Dishwasher, Garage, Recently renovated, Air conditioning, Fireplace + more
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4BD/3BA Available for Move In! Northeast Heights
$2,900
8333 Wilson Hurley Court Northeast, Albuquerque, NM 87122
(505) 375-6546
1 unit available
4 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Garage, and Fireplace
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Executive Rental
$3,500
720 Stagecoach Road Southeast, Albuquerque, NM 87123
(505) 594-2812
1 unit available
5 bed
Amenities
Pet friendly
Recently updated units
Verified listing
Verified
5.0
Glo Apartments
3901 Indian School Road Northeast, Albuquerque, NM 87110
(505) 278-5237
$1,276+ 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.
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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 $1,536+. Rent rates updated 2 days ago

Studio: $989+Trending up
1 Bed: $1,256+Trending up
2 Beds: $1,536+Trending up
3+ Beds: $1,872+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
South San Pedro
View 11 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 11 listings
Taylor Ranch
View 10 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 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

River Rock Apartments

The Overlook

Prisma Apartments

Cinnamon Tree

Oak Tree Park Apartments

River Walk at Puerta De Corrales

Treehouse Apartments

The French Quarter

Alvarado Apartment Homes

Odyssey

The Reserve Apartments

Gorgeous 2 bedroom in Barelas! Great location. Washer/Dryer. 1 car garage.

NE Heights ---Close to the Sandia Mountains

4BD/3BA Available for Move In! Northeast Heights

Executive Rental

Glo Apartments

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

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?