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.

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Apartments for Rent in Albuquerque, NM

431 rentals available

Lincoln Place
$1,257
4401 San Pedro Drive NE, Albuquerque, NM 87109
(505) 605-2522
Rent Savings
7 units available
2 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Pet friendly, Recently renovated, 24hr gym + more
Serene Oasis
Peaceful retreat with top-notch amenities in Albuquerque.
Lincoln Place Apartments offers a serene living experience in northwest Albuquerque's tranquil neighborhood. The community's resort-style pool and fitness center enhance the resident experience, with positive reviews frequently mentioning the lush surroundings of evergreen trees and native plants. It's a cost-effective choice, set 23% below the metro average, without compromising on quality and convenience.
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Ocotillo Ridge
$1,495
140 Jefferson Street Southeast, Albuquerque, NM 87108
(505) 572-0364
4 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, Parking + more
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The French Quarter
$880
1101 Palomas Drive Southeast, Albuquerque, NM 87108
(505) 365-6570
6 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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4100 Silver Ave SE
$1,300
4100 Silver Avenue Southeast, Albuquerque, NM 87108
(505) 578-5222
3 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Garage, Stainless steel, Coffee bar + more
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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.
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Markana Uptown
6500 Americas Parkway, Albuquerque, NM 87110
(224) 413-3228
$1,583+ moTotal price14-mo lease
30 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Cable included + more
Contemporary Luxury
Modern design meets ideal Uptown location.
Markana Uptown offers a contemporary lifestyle in a vibrant location. Residents enjoy a stunning array of amenities, including a rooftop pool and state-of-the-art gym. The convenient proximity to shopping centers and dining makes everyday living effortless. Both dogs and cats are welcome, enhancing the pet-friendly atmosphere.
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Monterey Manor Apartments
$825
12201 Lomas Boulevard Northeast, Albuquerque, NM 87112
(941) 883-9997
8 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Pet friendly, Parking, Recently renovated, Stainless steel + more
Cost-Effective Living
Affordable style and comfort in vibrant Albuquerque.
Monterey Manor Apartments offer a fantastic living experience in Albuquerque, perfectly combining style, comfort, and a vibrant community feel. Tenants love the accessible location with easy reach to shops, entertainment, and parks. Enjoy the luxury of no admin fees, security deposits, and low application fees. Plus, both cats and dogs are welcome here!
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Spain Townhomes
$1,225
5009 El Corte Miramar NE, Albuquerque, NM 87111
(443) 317-2202
20 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Pet friendly, 24hr maintenance, Parking + more
Pet Haven
Vibrant Neighborhood, Pet-Friendly Homes
Spain Townhomes offers a welcoming atmosphere for both you and your pets, featuring pet-friendly policies with no pet fees and a dedicated pet play area. The townhomes are situated in a lively area, surrounded by restaurants, shops, and parks. Residents enjoy convenient in-unit laundry, spacious balconies, and private backyards.
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Enclave
$1,498
9500 Osuna Rd NE, Albuquerque, NM 87111
(505) 278-6418
Rent Savings
14 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Luxurious Comfort
Elegant living with exceptional amenities and surroundings.
Enclave offers a luxurious lifestyle that is within reach. Residents enjoy spacious floor plans adorned with elegant fireplaces and private balconies. The community is nestled in a vibrant area with easy access to schools and delightful dining options, providing a beautifully landscaped environment.
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Marquee Village Apartments
$975
230 Spruce St NE, Albuquerque, NM 87106
(505) 576-7252
8 units available
1 bed • 2 bed
Amenities
24hr laundry, Nest technology, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly + more
Pet Paradise
Vibrant lifestyle near UNM and downtown Albuquerque.
Marquee Village Apartments offers a vibrant lifestyle with its modern renovations and array of amenities. Nestled near downtown Albuquerque and the University of New Mexico, it provides unparalleled convenience with access to numerous restaurants, parks, and entertainment. Residents rave about the pet-friendly community, appreciating the dog park and spacious living enhanced by recent upgrades.
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Allegro At Tanoan
$1,426
6601 Tennyson St NE, Albuquerque, NM 87111
(505) 207-8578
Rent Savings
18 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Convenience Paradise
Exceptional location packed with amenities.
Allegro at Tanoan offers a vibrant lifestyle with easy access to top universities, trendy dining spots, and beautiful hiking trails. With both dogs and cats welcome, even your furry companions are catered for. This community is celebrated for its friendly staff and impressive amenities, including a sparkling pool and well-equipped gym.
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505 Central
$1,400
505 Central Avenue Northwest, Albuquerque, NM 87102
(505) 551-0292
1 unit 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.
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Silverado Apartments
$1,160
5741 Osuna Rd NE, Albuquerque, NM 87109
(251) 265-3521
8 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Walk in closets, Gym + more
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Rancho Verde Apartments
$1,295
5800 Truchas Drive NE, Albuquerque, NM 87109
(628) 257-6052
Rent Savings
5 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Prime Locale
Embrace Vibrant Albuquerque Living with Luxe Amenities.
Located in the heart of NE Albuquerque, Rancho Verde Apartments offers a vibrant lifestyle surrounded by a variety of local amenities. With grocery stores and over 20 restaurants just a short walk away, convenience is at your doorstep. Residents love the well-maintained community amenities and the welcoming, responsive management. Plus, cats and dogs are welcome, making it perfect for pet owners.
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Tesoro on Spain
$1,110
9900 Spain Road NE, Albuquerque, NM 87111
(806) 666-6159
Rent Savings
6 units available
1 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Carport + more
Scenic Serenity
Charming community near parks and restaurants.
Tesoro on Spain is a delightful choice for those seeking a tranquil community in Northeast Albuquerque. Enjoy nearby parks and the convenience of having grocery stores and restaurants just a short walk away. With its distinctive apartment designs, lush landscaping, and amazing views, residents love the connectivity and serenity this pet-friendly community offers.
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Pavilions Apartments
$1,435
11600 Academy Road Northeast, Albuquerque, NM 87111
(505) 207-0518
Rent Savings
16 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, New construction + more
Resort Lifestyle
Modern living with top-tier amenities and serene surroundings.
Pavilions Apartments stand out with their spacious, open-concept floor plans complemented by modern stainless steel appliances and granite countertops. Located in a serene part of Albuquerque, this community offers a resort-inspired pool with cabanas, a 24-hour fitness center, and a well-maintained lush landscape. Residents appreciate the commitment of prompt and professional service provided by the management and maintenance teams.
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The average rent for a 1 bedroom apartment in Albuquerque is $1,259+, while the average rent for a 2 bedroom apartment is $1,520+. Rent rates updated 4 days ago

Studio: $956+Trending down
1 Bed: $1,259+Trending down
2 Beds: $1,520+Trending down
3+ Beds: $1,826+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

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

Taylor Ranch

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

Nob Hill

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

Neighborhoods

More Rental Options

Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (80)

Cities

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Bernalillo County Apartments (447)

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

Lincoln Place

Ocotillo Ridge

The French Quarter

4100 Silver Ave SE

Tierra Del Sol

Markana Uptown

Monterey Manor Apartments

Spain Townhomes

Enclave

Marquee Village Apartments

Allegro At Tanoan

505 Central

Silverado Apartments

Rancho Verde Apartments

Tesoro on Spain

Pavilions Apartments

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

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?