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

429 rentals available

Hacienda Norte Apartments
$828
201 Adams Street Southeast, Albuquerque, NM 87108
(505) 337-4841
1 unit available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Convenient Location
Close to UNM and downtown Albuquerque!
Hacienda Norte Apartments offer residents a prime location with easy access to the University of New Mexico and Downtown Albuquerque. With numerous restaurants and parks within walking distance, daily conveniences are just around the corner. The apartments welcome both cats and dogs, making it a great choice for pet owners.
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El Pueblo II Apartments
$766
6021 Anderson Avenue Southeast, Albuquerque, NM 87108
(505) 339-2060
3 units available
1 bed
Amenities
On-site laundry, Cats allowed, 24hr maintenance, Cable included, Parking, Air conditioning + more
Convenience Hub
Discover ultimate convenience in Albuquerque's heart.
El Pueblo II Apartments offer exceptional access to Albuquerque's key areas, including the University of New Mexico and downtown, fostering an enriching community experience. With delightful courtyards and unique floor plans, this property ensures both style and comfort. Residents love the on-site laundry and easy access to various destinations, making it a cherished choice for convenient living.
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Fair Plaza Apartments
$843
5901 Alice Avenue Northeast, Albuquerque, NM 87110
(505) 278-6746
1 unit available
1 bed
Amenities
On-site laundry, Hardwood floors, Pet friendly, 24hr maintenance, Parking, Air conditioning + more
Central Location
Convenient access to Albuquerque's top destinations.
Fair Plaza Apartments is located in the heart of Albuquerque, providing easy access to the university, downtown, and popular routes like Route 66. The community enjoys a quiet and clean atmosphere, with cats and dogs being welcomed. Residents love the well-maintained units and friendly neighborhood feel.
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Hacienda Sur Apartments
$828
225 Adams Street Southeast, Albuquerque, NM 87108
(505) 295-2703
3 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Pet Oasis
Convenient Albuquerque Location with Modern Comforts
Hacienda Sur Apartments offers a convenient location with easy access to the University of New Mexico and Downtown Albuquerque. Residents love the quiet, peaceful community with modern amenities like on-site laundry and air conditioning. The property stands out as a pet-friendly choice, welcoming both cats and dogs, with ample parking and a neighborhood that residents find delightful to walk around.
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Graceland Plaza Apartments
$950
312 Graceland Drive Southeast, Albuquerque, NM 87108
(505) 278-6626
Rent Savings
1 unit available
1 bed
Amenities
On-site laundry, Nest technology, Patio / balcony, Cats allowed, 24hr maintenance, Parking + more
Convenient Access
Easy access to university and vibrant downtown.
Graceland Plaza Apartments offers incredible convenience with its prime location near the University of New Mexico and downtown Albuquerque, making commuting a breeze. The neighborhood boasts a high walk score, allowing for effortless outings without a car. Residents love the community's outdoor spaces like the courtyard and grilling area, complemented by amenities such as on-site laundry.
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Hacienda Este Apartments
$847
225 Jefferson Street Southeast, Albuquerque, NM 87108
(505) 365-6611
4 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Central Convenience
Prime Albuquerque location near key destinations.
Hacienda Este Apartments offer an exceptional location with easy access to Route 66, Downtown Albuquerque, and the University of New Mexico. Residents benefit from a multitude of amenities, including on-site laundry and BBQ areas. The property stands out with its pet-friendly policy, welcoming both cats and dogs.
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River Walk at Puerta De Corrales
$1,069
3405 Calle Cuervo Northwest, Albuquerque, NM 87114
(505) 587-0990
Rent Savings
34 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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Ladera Vista Apartments
$1,199
3608 Ladera Drive Northwest, Albuquerque, NM 87120
(505) 657-4417
Rent Savings
10 units available
1 bed • 2 bed
Amenities
In unit laundry, Patio / balcony, Dishwasher, Pet friendly, Parking, Stainless steel + more
Pet Paradise
Modern apartments in a peaceful and pet-friendly community.
Ladera Vista Apartments offers a tranquil living environment with modern architecture and spacious floor plans. Residents enjoy the friendly and professional staff and commend the maintenance team for their prompt service. Dogs and cats are welcome, making it a perfect choice for pet lovers.
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La Mirage
$1,489
10700 Academy Road Northeast, Albuquerque, NM 87111
(505) 392-2318
17 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Pet friendly, 24hr maintenance, Parking, 24hr gym + more
Pet Paradise
Ideal living space near schools and nature
La Mirage Apartment Homes offers a refreshing living experience in Albuquerque's Northeast Heights with its spacious floor plans and numerous amenities. Residents appreciate the dry climate and proximity to nature with nearby parks and trails, ideal for those who enjoy the outdoors. The property's pet-friendly policy welcomes both cats and dogs, making it perfect for pet owners.
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200 Cornell
$1,495
200 Cornell Drive Southeast, Albuquerque, NM 87106
(505) 657-4102
1 unit available
1 bed
Amenities
In unit laundry, Cats allowed, Range, and Refrigerator
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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Villa Agave
$1,650
205 7th Street Northwest, Albuquerque, NM 87102
(505) 594-9788
1 unit available
1 bed
Amenities
In unit laundry, Dishwasher, Parking, Air conditioning, Microwave, Furnished + more
Urban Oasis
Downtown charm with modern amenities and historic transformation.
Villa Agave offers a vibrant urban lifestyle with its prime downtown location. Residents rave about its modern interiors and amenities like in-unit laundry and stainless steel appliances. Secure, on-site parking adds to the convenience and peace of mind. Enjoy easy access to local restaurants, cafes, and parks.
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2425 Mountain Rd NW
$1,050
2425 Mountain Road Northwest, Albuquerque, NM 87104
(505) 407-8605
2 units available
1 bed • 3 bed
Amenities
In unit laundry, Dishwasher, Parking, Extra storage, Microwave, Carpet + more
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Valley View
$1,800
9368 Valley View Drive Northwest, Albuquerque, NM 87114
(505) 628-0112
2 units available
2 bed
Amenities
In unit laundry, Dishwasher, Cats allowed, New construction, Stainless steel, Gym + more
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521 Adams
$1,050
521 Adams Street Northeast, Albuquerque, NM 87108
(505) 591-5641
2 units available
1 bed • 2 bed
Amenities
Hardwood floors, Pet friendly, Carpet, Range, Oven, and Refrigerator
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Lincoln Place
$955
4401 San Pedro Drive NE, Albuquerque, NM 87109
(505) 605-2522
Rent Savings
13 units available
1 bed • 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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The Franz - Residential
$1,195
1716 Central Avenue Southwest, Albuquerque, NM 87104
(505) 308-0482
6 units available
1 bed
Amenities
Patio / balcony, Hardwood floors, Pet friendly, Parking, Gym, Elevator + more
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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 5 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

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

Nor Este

What it’s like to live in Nor Este

Mountain views dominate Nor Este, where Albuquerque's northeastern neighborhood offers high desert living with Sandia Mountain panoramas. The district features newer construction with energy-efficient designs increasingly valuable during New Mexico's extreme seasonal temperature variations. Nor Este's strategic positioning between both uptown employment and mountain recreation creates ideal balance for outdoor enthusiasts seeking practical living environments beyond purely scenic considerations increasingly important as remote work trends continue affecting housing decisions beyond purely commuting calculations.

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 (77)

Cities

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Bernalillo County Apartments (443)

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

Hacienda Norte Apartments

El Pueblo II Apartments

Fair Plaza Apartments

Hacienda Sur Apartments

Graceland Plaza Apartments

Hacienda Este Apartments

River Walk at Puerta De Corrales

Ladera Vista Apartments

La Mirage

200 Cornell

Villa Agave

2425 Mountain Rd NW

Valley View

521 Adams

Lincoln Place

The Franz - Residential

Average rent in Albuquerque, New Mexico

Top neighborhoods in Albuquerque

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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?