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

400 rentals available

200 Cornell
$1,450
200 Cornell Drive Southeast, Albuquerque, NM 87106
(505) 657-4102
1 unit available
1 bed
Amenities
Cats allowed and Parking
Prime Location
Seamless UNM Campus Access and Modern Living
Nestled across from the UNM campus, 200 Cornell offers unparalleled access to education and vibrant campus life. The property features bright and airy lofts with expansive windows and modern designs. Residents love the stylish granite countertops and the convenience of assigned parking. Cats are welcome, adding extra warmth to these stylish homes.
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Lincoln Place
$889
4401 San Pedro Drive NE, Albuquerque, NM 87109
(505) 605-2522
9 units available
Studio • 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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Tierra Del Sol
$825
5817 Central Avenue Northwest, Albuquerque, NM 87105
(505) 551-0548
3 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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505 Central
$1,080
505 Central Avenue Northwest, Albuquerque, NM 87102
(505) 551-0292
2 units available
Studio
Amenities
In unit laundry, Dishwasher, Pet friendly, Stainless steel, Coffee bar, Air conditioning + 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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Enclave
$1,738
9500 Osuna Rd NE, Albuquerque, NM 87111
(505) 278-6418
Rent Savings
12 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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Tesoro on Spain
$1,120
9900 Spain Road NE, Albuquerque, NM 87111
(806) 666-6159
15 units available
1 bed • 2 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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Silverado Apartments
$1,120
5741 Osuna Rd NE, Albuquerque, NM 87109
(251) 265-3521
11 units available
1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Walk in closets, Gym + more
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Pavilions Apartments
$1,540
11600 Academy Road Northeast, Albuquerque, NM 87111
(505) 207-0518
Rent Savings
21 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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5.0
La Paloma
$1,375
6001 Moon St NE, Albuquerque, NM 87111
(505) 407-8902
Top rated for Location
“It's at convenient location, very clean, friendly, very responsive management, covered parking is little expensive.”
31 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.
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Income Restricted - La Vida Nueva
$1,234
1200 Dickerson Drive Southeast, Albuquerque, NM 87106
(505) 629-1779
8 units available
2 bed
Amenities
W/D hookup, Patio / balcony, Hardwood floors, Pet friendly, All utils included, 24hr maintenance + more
Inclusive Community
All-Inclusive Central Living
La Vida Nueva Apartments offer a vibrant lifestyle with all utilities included, simplifying living. The community features multiple playgrounds, a picnic area, and a free after-school program that's perfect for families. Located near CNM and UNM, residents enjoy easy access to local amenities and entertainment.
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Pinewood Estates
$878
1401 Pennsylvania ST NE, Albuquerque, NM 87110
(505) 594-4986
Rent Savings
17 units available
Studio • 1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Granite counters, Dishwasher, Pet friendly, 24hr maintenance + more
Convenience-Enhanced
Comfort meets convenience in Albuquerque.
Pinewood Estates boasts a fantastic location in Albuquerque's Uptown, with easy access to shopping, dining, and transportation, ensuring a smooth commute and effortless daily errands. Residents enjoy an array of amenities such as a beautiful pool, clubhouse, and pet-friendly accommodations. The community is known for its friendly atmosphere, supported by responsive management.
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4.0
Calero
8000 Montgomery NE, Albuquerque, NM 87109
(505) 322-6344
$1,148+ 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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Olympus Alameda
$1,584
6301 Alameda Boulevard Northeast, Albuquerque, NM 87113
(505) 509-5348
Rent Savings
20 units available
Studio • 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.
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Olympus Encantada
$1,448
6401 Santa Monica Ave NE, Albuquerque, NM 87109
(424) 351-9725
Rent Savings
37 units available
1 bed • 2 bed • 3 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.
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Broadstone Nob Hill
4101 Central Avenue Northeast, Albuquerque, NM 87106
(505) 591-3166
$1,882+ moTotal price12-mo lease
4 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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Encanto at Mesa del Sol
2500 Bobby Foster Road SE, Albuquerque, NM 87106
(505) 666-5123
$1,452+ 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.
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The average rent for a 1 bedroom apartment in Albuquerque is $1,302+, while the average rent for a 2 bedroom apartment is $1,566+. Rent rates updated 5 days ago

Studio: $939+Trending down
1 Bed: $1,302+Trending down
2 Beds: $1,566+Trending down
3+ Beds: $1,890+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

Del Norte

What it’s like to live in Del Norte

Del Norte offers established comfort with mountain views where this northeastern Albuquerque neighborhood sits against Sandia foothills creating scenic backdrops throughout the district. Renters find mid-century homes with architectural character at more accessible rates than similar properties in trendier neighborhoods despite comparable mountain views. The area lacks extensive walkable dining requiring short drives for restaurants, but budget-conscious households appreciate both the housing value and strategic positioning between downtown Albuquerque employment and Sandia Mountain recreation despite the predominantly residential character without extensive entertainment options within walking distance but with authentic New Mexico character and mountain panoramas increasingly valued in rapidly developing Albuquerque.

Great for

Families

Retirees

Professionals

Young Renters

Commuters

Neighborhood vibe

Mixed-Use

Peaceful

Mixed-Use & Commercial

Neighborhoods

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Bedrooms

Price

Amenities

Property Type

Albuquerque Short-term Apartments (80)

Cities

Counties

Bernalillo County Apartments (412)

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

200 Cornell

Lincoln Place

Tierra Del Sol

505 Central

Enclave

Tesoro on Spain

Silverado Apartments

Pavilions Apartments

La Paloma

Income Restricted - La Vida Nueva

Pinewood Estates

Calero

Olympus Alameda

Olympus Encantada

Broadstone Nob Hill

Encanto at Mesa del Sol

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?