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

413 rentals available

Allaso Journal Center
7800 Headline Blvd NE, Albuquerque, NM 87109
(505) 608-6605
$1,496+ moTotal price12-mo lease
Rent Savings
14 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.
Recently updated units
Verified listing
Verified
Copper Hills
4200 Spanish Bit St NE, Albuquerque, NM 87111
(505) 560-1787
$899+ moTotal price12-mo lease
Rent Savings
6 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.
Recently updated units
Verified listing
Verified
Milo
4217 Louisiana Blvd Ne, Albuquerque, NM 87109
(505) 234-1137
$889+ moTotal price12-mo lease
Rent Savings
11 units available
1 bed • 2 bed
Amenities
W/D hookup, Patio / balcony, Granite counters, Hardwood floors, Dishwasher, Pet friendly + more
Luxury Living
Renovated oasis near shopping and dining in Albuquerque.
Milo Apartments offers a stunning living experience with beautifully renovated units featuring smart home technology and stylish interiors. Located in Bear Canyon, Albuquerque, this community boasts convenient access to shopping and dining venues like Louisiana and Coronado Shopping Centers. Residents delight in modern amenities, such as a 24-hour fitness center, pool, and dog park. With easy access to multiple schools and parks, it's a vibrant and welcoming place to call home.
Recently updated units
Verified listing
Verified
Lumen
701 Stephen Moody Street Southeast, Albuquerque, NM 87110
(505) 337-3316
$1,299+ moTotal price12-mo lease
Rent Savings
10 units available
1 bed • 2 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance, Garage + more
Amenity Rich
Incredible amenities and modern lifestyle offerings.
Enjoy a vibrant lifestyle at Lumen in Albuquerque. This property offers easy access to shopping, dining, and nearby parks, ensuring excitement and convenience are at your doorstep. Residents love the clean, modern apartments, complete with in-unit laundry, and find the friendly staff and well-maintained amenities a wonderful bonus.
Recently updated units
Verified listing
Verified
Quincy
5905 Tierra Antigua Street NE, Albuquerque, NM 87111
(505) 539-2252
$1,507+ moTotal price12-mo lease
Rent Savings
11 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.
Recently updated units
Verified listing
Verified
Circ
10300 Golf Course Road Northwest, Albuquerque, NM 87114
(928) 218-2958
$1,510+ moTotal price12-mo lease
Rent Savings
18 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.
Recently updated units
Verified listing
Verified
Spring Park
5801 Eubank Boulevard Northeast, Albuquerque, NM 87111
(505) 859-7266
$1,170+ moTotal price12-mo lease
Rent Savings
21 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.
Recently updated units
Verified listing
Verified
Montecito at Northeast Heights
$1,008
5800 Harper Drive Northeast, Albuquerque, NM 87109
(505) 391-3319
Rent Savings
17 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, 24hr maintenance, Parking + more
Complete Comfort
Spacious living with top-notch facilities.
Montecito at Northeast Heights offers premium apartments in Albuquerque with a plethora of modern amenities. Residents enjoy easy access to shopping, dining, and major highways, enhancing convenience. The property boasts a refreshing pool and state-of-the-art fitness center, while friendly management ensures a comfortable living experience.
Recently updated units
Verified listing
Verified
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.
Recently updated units
Verified listing
Verified
Monterey Manor Apartments
$825
12201 Lomas Boulevard Northeast, Albuquerque, NM 87112
(941) 883-9997
8 units available
1 bed • 2 bed • 3 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!
Recently updated units
Verified listing
Verified
Marquee Village Apartments
$975
230 Spruce St NE, Albuquerque, NM 87106
(505) 576-7252
5 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.
Recently updated units
Verified listing
Verified
Enclave
$1,464
9500 Osuna Rd NE, Albuquerque, NM 87111
(505) 278-6418
Rent Savings
15 units available
1 bed • 2 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.
Recently updated units
Verified listing
Verified
Tesoro on Spain
$1,150
9900 Spain Road NE, Albuquerque, NM 87111
(806) 666-6159
Rent Savings
6 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.
Recently updated units
Verified listing
Verified
Rancho Verde Apartments
$1,200
5800 Truchas Drive NE, Albuquerque, NM 87109
(628) 257-6052
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.
Recently updated units
Verified listing
Verified
Pavilions Apartments
$1,421
11600 Academy Road Northeast, Albuquerque, NM 87111
(505) 207-0518
10 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.
Recently updated units
Verified listing
Verified
Peaks at Sandia View
$975
1501 Indian School Road Northeast, Albuquerque, NM 87102
(505) 560-3372
Rent Savings
21 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.
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 8 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 11 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 11 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 (76)

Cities

Counties

Bernalillo County Apartments (426)

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.

Apartments for Rent in Albuquerque, NM

Allaso Journal Center

Copper Hills

Milo

Lumen

Quincy

Circ

Spring Park

Montecito at Northeast Heights

Spain Townhomes

Monterey Manor Apartments

Marquee Village Apartments

Enclave

Tesoro on Spain

Rancho Verde Apartments

Pavilions Apartments

Peaks at Sandia View

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?