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

410 rentals available

Spain Townhomes
$1,225
5009 El Corte Miramar NE, Albuquerque, NM 87111
(443) 317-2202
Rent Savings
14 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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Olympus Encantada
$1,472
6401 Santa Monica Ave NE, Albuquerque, NM 87109
(424) 351-9725
Rent Savings
36 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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Casa Tierra
$1,251
4949 San Pedro Drive NE, Albuquerque, NM 87109
(505) 405-5626
4 units available
1 bed • 2 bed • 3 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Pet Paradise
Pet-friendly haven in Albuquerque's Upper Northeast Heights.
Casa Tierra is a pet lover's dream with its dog-friendly amenities and on-site dog park. Situated in Albuquerque's desirable Upper Northeast Heights, this community features modern designs with premium conveniences like swimming pools and picnic areas. Residents enjoy a vibrant yet peaceful setting with easy access to major roads for seamless commuting.
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Peaks at Los Ranchos
$1,099
6134 4th Street NW, Albuquerque, NM 87107
(505) 461-7758
9 units available
1 bed • 2 bed
Amenities
In unit laundry, Hardwood floors, Pet friendly, Recently renovated, 24hr gym, Pool + more
Nature-City Harmony
Live close to nature and vibrant city life.
Experience a perfect blend of nature and contemporary city living at Peaks at Los Ranchos. This pet-friendly community offers in-unit laundry, a 24-hour gym, and a pool, all within a vibrant neighborhood. Residents love the friendly atmosphere and having convenient access to shops and restaurants.
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Albuquerque city guide
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These units are the best deal in town.
Cinnamon Tree 15-1153
Studio • 1 Bath • 326 sqft
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FIRST MONTH RENT FREE! - ALL UTILITIES INCLUDED! 1611 - 02
Studio • 1 Bath • 343 sqft
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Desert Creek 0302
Studio • 1 Bath • 172 sqft
Total monthly rent
$861
Available
Dec 15
4908 Burton Ave Se Florida Room
1 Bed • 1 Bath • 320 sqft
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Encanto Lofts 252K
Studio • 1 Bath • 288 sqft
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VIA
$1,100
4321 Montgomery Blvd NE, Albuquerque, NM 87109
(505) 594-0167
2 units available
1 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Convenient Location
Spacious, pet-friendly apartments with easy commuting options.
Via Apartments boasts a fantastic location in Albuquerque, offering convenient access to public transportation, shopping centers, and a wide variety of dining options. Residents enjoy spacious layouts and ample storage options in units that welcome both cats and dogs. The community atmosphere is complemented by a pool, gym, and friendly staff, creating a serene and enjoyable living experience.
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Mesa Del Oso
$1,649
5100 Mesa Del Oso Road Northeast, Albuquerque, NM 87111
(505) 594-3809
21 units available
2 bed
Amenities
In unit laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, 24hr maintenance + more
Nature's Oasis
Luxurious Living Amidst Albuquerque's Natural Beauty
Mesa Del Oso offers a serene living experience surrounded by the beauty of Albuquerque. Residents love the spacious kitchens, cozy fireplaces, and private patios that create a calm environment. Situated near El Oso Grande Park, enjoy accessibility to nature with the convenience of city life.
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4.0
Casa Del Rey Norte
$836
124 Cardenas Dr NE, Albuquerque, NM 87108
(505) 278-6746
Top rated for Location
“The property is maintained well. The homeless outside destroy trash.”
6 units available
1 bed
Amenities
On-site laundry, Pet friendly, 24hr maintenance, Parking, Air conditioning, Ceiling fan + more
Strategic Location
Conveniently Located Near University and Downtown
Casa Del Rey Norte is a cost-effective gem offering a strategic location just off the historic Route 66. With easy access to the University of New Mexico and Downtown Albuquerque, commuting is a breeze. Residents enjoy the convenience of on-site laundry and appreciate the peace of mind provided by 24-hour maintenance. The property is also pet-friendly, welcoming both cats and dogs.
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La Mirage
$1,505
10700 Academy Road Northeast, Albuquerque, NM 87111
(505) 392-2318
Rent Savings
15 units available
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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Sierra Meadows
$1,250
4236 Eubank Blvd NE, Albuquerque, NM 87111
(505) 552-4410
Rent Savings
6 units available
2 bed • 3 bed
Amenities
On-site laundry, Patio / balcony, Hardwood floors, Dishwasher, Pet friendly, Parking + more
Ample Amenities
Spacious luxury with great value for residents.
Sierra Meadows offers spacious apartments noted for luxury and great value. The friendly management team enhances a stress-free living experience, and the property is ideal for families with pets. Conveniently located near dining, shopping, and scenic Sandia Mountain trails, residents enjoy a harmonious blend of city and outdoor life.
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Lomas Gardens
$815
12601 Lomas Boulevard Northeast, Albuquerque, NM 87112
(505) 509-5987
3 units available
1 bed • 2 bed
Amenities
On-site laundry, Parking, Range, and Refrigerator
Convenient Access
Enjoy scenic views and nearby Albuquerque amenities
Lomas Gardens stands out with its beautiful balconies, offering scenic views and fresh air. Residents enjoy ease with on-site laundry and off-street parking. The location provides convenient access to shops, restaurants, and parks, offering plenty of nearby activities.
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Luxury apartments
Top units for an elevated lifestyle.
1801 Notre Dame DR NE 4 Bed
4 Beds • 5 Baths • 3483 sqft
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305 Aliso DR SE 3 Bed
3 Beds • 2 Baths • 2022 sqft
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1623 San Patricio AVE SW 3 Bed
3 Beds • 3 Baths • 2493 sqft
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801 Southeast CIR NW 2 Bed
2 Beds • 2.5 Baths • 1815 sqft
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6057 Nauman Drive Dr SE 4 Bed
4 Beds • 2 Baths • 2114 sqft
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Home @ Valencia
$995
5500 Eastern Avenue Southeast, Albuquerque, NM 87108
(505) 405-2483
1 unit available
2 bed
Amenities
On-site laundry, Patio / balcony, Dishwasher, Pet friendly, Pool, and Fireplace
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Graceland Plaza Apartments
$950
312 Graceland Drive Southeast, Albuquerque, NM 87108
(505) 278-6626
Rent Savings
2 units 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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2937 Hyder SE
$2,200
2937 Hyder Avenue Southeast, Albuquerque, NM 87106
(505) 209-8966
1 unit available
3 bed
Amenities
In unit laundry, Hardwood floors, Dishwasher, Dogs allowed, All utils included, Parking + more
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Somerset Park
$822
1201 Madeira Dr SE, Albuquerque, NM 87108
(505) 416-3213
Rent Savings
21 units available
Studio • 1 bed • 2 bed
Amenities
On-site laundry, Dishwasher, Pet friendly, Parking, Pool, and Air conditioning
Convenient Living
Comfort and convenience in bustling Albuquerque
Somerset Park Apartments offer a wonderful location for those seeking comfort and convenience in Albuquerque. Just minutes from the University of New Mexico and Downtown Albuquerque, the property is surrounded by numerous shopping centers, restaurants, and parks. Residents love the well-maintained appearance, attentive management, and amenities like the swimming pool, making it a great place to call home.
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The Villas @ Uptown
$800
6230 Indian School Road Northeast, Albuquerque, NM 87110
(505) 636-5561
6 units available
Studio • 1 bed
Amenities
On-site laundry, Patio / balcony, All utils included, Walk in closets, Pool, and Playground
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Pavilions Apartments
$1,535
11600 Academy Road Northeast, Albuquerque, NM 87111
(505) 207-0518
Rent Savings
19 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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City Guide

The average rent for a 1 bedroom apartment in Albuquerque is $1,309+, while the average rent for a 2 bedroom apartment is $1,579+. Rent rates updated 6 days ago

Studio: $944+Trending up
1 Bed: $1,309+Trending up
2 Beds: $1,579+Trending up
3+ Beds: $1,904+Trending up

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods in Albuquerque

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

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

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 (421)

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.

Albuquerque Rent Report: December 2025

Welcome to the Apartment List December 2025 Rent Report for Albuquerque, NM. Currently, the overall median rent in the city stands at $1,208, after falling 0.9% last month. Prices remain up 0.1% year-over-year. Read on to learn more about what’s been happening in the Albuquerque rental market and how it compares to trends throughout the nation as a whole.

Albuquerque Rent Report: December 2025

Apartments for Rent in Albuquerque

If you've ever dreamt of hiking two hours up a mountain in the warm sunshine, camping in the wilderness, and then skiing right back down the mountain into your, then it's not virtual reality you're dreaming about, it's Albuquerque! With over 310 days of sunshine a year, and a very mild, dry winter, people of all ages love the place that the locals call “Burque.”
We've got some good news. It's totally easy to find a great place to live in Albuquerque. There are a lot of available apartments, houses, and houses that have been transformed into apartments and the prices are amazingly low. While location is important (more on that later), Albuquerque is small enough that wherever you rent, you'll always be right next to the great outdoors. In fact, if you drive forty minutes out of town from anywhere in the city, you'll be in the middle of the desert. Another plus? When we say 40 minutes, we mean it. Albuquerque traffic is virtually unheard of (commuters rejoice!)

Now we know you've already got your backpack on and you're raring to go camping, but if you ever want to rejoin the rest of us in polite society, you'll need a place to shower after you come back down that mountain and wherever else will you store all your gear? Let's find you that perfect Albuquerque apartment.

Average Rent in Albuquerque

The following rent averages come from current listings on our website. Rent prices listed are averages and may not reflect the cost of specific units. Rental prices can vary depending on factors like size, location, amenities, and availability.

How Much Is Rent for a Studio Apartment in Albuquerque?

On average, expect to pay around $996 per month for a studio apartment in Albuquerque.

How Much Is Rent for a 1-Bedroom Apartment in Albuquerque?

The average rent for a 1-bedroom apartment in Albuquerque is approximately $1,331 per month.

How Much Is Rent for a 2-Bedroom Apartment in Albuquerque?

In Albuquerque, a 2-bedroom apartment typically rents for around $1,674 per month.

How Much Is Rent for a 3-Bedroom Apartment in Albuquerque?

A 3-bedroom apartment in Albuquerque will cost, on average, $1,996 per month.

Transportation in Albuquerque

Most people choose to get around in Albuquerque by car, but the city offers a mix of transportation options for locals, depending on their needs and preferences. Here's a breakdown of some popular choices:

Public Transportation: ABQ RIDE is the city's public bus system, with routes crisscrossing Albuquerque and extending to the suburbs. It even includes a rapid transit line (ART) along Central Avenue for faster commutes. ABQ Ride is currently free to ride.
Rail: The Alvarado Transportation Center serves as Albuquerque's transportation hub, connecting intercity and commuter rail services. Amtrak and Greyhound provide long-distance connections, while the New Mexico Rail Runner Express (NM Rail Runner) offers an efficient way to travel to Santa Fe and surrounding areas.
Cars: Having a car allows for more flexibility, especially for navigating Albuquerque's sprawling city limits and reaching destinations outside the bus network. Interstates 25 and 40 are the major highways, and legendary Route 66 runs through the heart of Albuquerque on Central Avenue.
Ridesharing: Lyft and Uber are popular options for on-demand rides, particularly useful for nighttime trips or situations where public transportation isn't convenient.

Pet-Friendly Apartment Hunting in Albuquerque

If you're planning to move to Albuquerque with pets, you should know about the laws. Burque is a very “dog friendly” town, and there are a lot of dog parks and patios that welcome dogs. However, the city requires pet-loving Burqeños (as the locals are called) to microchip and spay or neuter their dog or cat. If you don't wish to spay or neuter your pet, you need to obtain an “intact animal permit” from the city for a whopping $150 per year! If you're non-compliant with the law, and the pound picks up your pet, you're in for up to a $500 fine, or up to 90 days in jail!

Albuquerque also limits the amount of pets you may own: you can have a total of six, with no more than four dogs. Most Albuquerque apartment complexes frown on tenants with larger dogs, so if you're looking to move with your beautiful Golden Retriever or your intelligent German Shepherd, you'll want to look for a house.

So, future Burqeños, you've already packed your backpack and strapped on your hiking boots. Now all you have to do is saddle up your Subaru Outback with those ski racks, grab your mountain bike, and start trekking toward your new campsite. We wish you the best. Just make sure to take full advantage of that shower!

FAQs about Apartments in Albuquerque

Still have questions about renting in Albuquerque? Here are some of the most commonly asked questions from people who are moving to the city for the first time:

Is rent expensive in Albuquerque?

As of April 2024, the median rent for a one-bedroom in Albuquerque was $965, and the city ranked 52nd for the top 100 most expensive cities in the country. At that rate, we estimate you would need to earn around $40,000 to afford a one-bedroom in the city.

Is rent going up in Albuquerque?

As of April 2024, rent in Albuquerque had increased slightly by 0.9% over the previous year, and by only 0.5% over the previous month. This is close to the state's overall average of 1.3% growth, which outpaces the rest of the country, where rents have fallen by an average of 0.8%.

Is it cheaper to live in Albuquerque or Santa Fe?

According to our data, as of April 2024, the median rent for a one-bedroom in Albuquerque was only $965 compared to Santa Fe's $1,292, which makes Albuquerque notably more affordable for renters than the state's capital.

Neighborhoods in Albuquerque

Albuquerque is divided into quadrants, bisected vertically by the Rio Grande river, and horizontally by the BNSF Railroad. The city is bounded on the east by the Sandia Mountains, on the north by Sandia Pueblo, and on the south by Isleta Pueblo. Suburbs like Rio Rancho, Los Lunas, and Belen all spread out from the west side of the city. Because Albuquerque is contained on three sides, the urban sprawl factor is low, and the city maintains a charming, small-town feel. Albuquerque has a super laid-back vibe, so the town can be separated into four swinging '60s sections: “Raise Your Consciousness (and Altitude),” “Get Groovy, Baby,” “I Dig It,” and “Be There or Be Square.”

Northeast, Uptown, The Heights

The Northeast quadrant stretches from the University of New Mexico's campus, through swanky Uptown and the Balloon Fiesta Park, and finally butts up against the Sandia Mountains (the foothills area is called “The Heights”, and as the elevation rises, so does the price). This area is perfect for studious intellectuals, active retirees, and hardcore outdoors-y types. If you're moving to Burque to get in touch with nature, this is the area for you. You can go hiking, trail-running, mountain biking, and camping . . . then come home from your exhilarating day and easily go grocery shopping or attend night school. Prices vary quite a bit in this area depending on if you're renting a 2BR apartment near Central Ave. in the quite charming “University Ghetto” ($600), or if you're renting a 3BR house in the Tanoan subdivision in the “Heights” ($1250).

Southeast, Nob Hill

The bustling Southeast quadrant of Burque is the place to live if you're a boutique shopper, an urban walker, an avid chef, or a sports and music fanatic. Southeast Albuquerque is the home to Nob Hill which is a park, restaurant, and boutique-filled area, and is perfect for young or retired couples, as well as anyone who doesn't want to own a vehicle, because the “Rapid Ride” commuter bus rocks this area! Nob Hill also has the strongest late night scene in the city, but if all-night partying is your thing, Albuquerque may not be your place. The Albuquerque Sunport (that's “airport” to the rest of us) is here, and so are the Asian restaurants and shops (including a fabulous international market named Talin). All of Albuquerque's big concerts also come here; The Pavilion, Burque's largest music venue, is in this quadrant. Although Albuquerque has no professional sports teams, the Southeast quadrant holds all of Burque's sports venues, including Isotopes Park (yes, they were named after the team on The Simpsons). Rates vary here as well; a 1BR apartment closer to the center of town, near Central New Mexico Community College (CNM) would cost very little ($500), but just like in the Northeast quadrant, as you get closer to the mountains the rent goes up. A 2BR near the mountains in the “Four Hills” area would be pricier ($1350).

Southwest, South Valley

Southwest Albuquerque, also known as the “South Valley” is a great option for people who want to get their hands dirty. If you love farms, open space, and want to be really close to some awesome CSA's, this is the place for you. The South Valley is a seriously rural area that's still in the heart of the city, and is home to some of the most traditional families, events, and foods in town. Because this is such a rural area, it's easier to find houses than it is to find apartments, but the houses tend to be very affordable, just like everything else in Albuquerque. A 3BR town-home in the historic Barelas neighborhood will take some saving for ($1250), but in the farmland, a 3BR “horse friendly house” on one acre won't cost much at all ($900).

Northwest, Downtown, Old Town

The “North Valley” is great for cultured history buffs. Downtown is known more for its historic buildings than it is for its night-time party scene, but after dark the exterior of the downtown buildings are lit to create a beautiful nighttime view, and the theaters here are great. Downtown has some small music venues, and some college bars, but the restaurants and businesses tend to close after lunch, and the vibe is pretty mellow. Downtown is a wonderful place to live without a car, because it's the central hub for Amtrak, Greyhound, ABQ Ride (the city's bus system), and the Rail Runner commuter train. If you plan to go without a car though, know that there aren't any grocery stores downtown, and you'll have to use that public transportation to buy food. History buffs will love Old Town, which is Albuquerque's original central square. Old Town oozes charm, with its wrought iron lampposts and old-fashioned feel. If you like showing off your Victorian jewelry and clothing, and you frequently go out for high tea, Old Town is where you should be. The North Valley also holds the Bosque park preserve, and opens up to Albuquerque's suburbs, such as Rio Rancho. A 2BR loft apartment in Downtown won't cost much ($900), but for a 2BR in Old Town, all that charm will raise the rates ($1600).

Sandia Mountains (East)

The East Mountains area is also technically a part of Albuquerque, but they're separated from the metro area by the Sandia Mountains, resulting in about a twenty minute drive to the city. The prices are pretty steep in many areas of the East Mountains, and the snowfall level is much higher than the rest of Albuquerque, but if rural is your thing and you're one of the ones with dreams of hiking in your own backyard, we recommend giving some serious thought to the East Mountains. Warning though, many areas still don't have DSL access (we're talking log cabins here!) and you'd have to either deal with dial-up, or fork out some extra cash to get satellite internet. Active retirees love the quiet of this area, and with the only five-star rated golf club in the Southwest (Paa-Ko Ridge), the East Mountains are definitely a sweet-spot for many. Note that it's hard to find a small place to live in the East Mountains, and a 4BR will come with a big ticket ($2500).

Apartments for Rent in Albuquerque, NM

Spain Townhomes

Olympus Encantada

Casa Tierra

Peaks at Los Ranchos

VIA

Mesa Del Oso

Casa Del Rey Norte

La Mirage

Sierra Meadows

Lomas Gardens

Home @ Valencia

Graceland Plaza Apartments

2937 Hyder SE

Somerset Park

The Villas @ Uptown

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)

Albuquerque, NM Rental Market Trends

Albuquerque Rent Report: December 2025

Albuquerque Rent Report: December 2025

Albuquerque Renter Confidence Survey

Living in Albuquerque, NM

Albuquerque Apartment Renter's Guide

Albuquerque Apartment Renter's Guide

Apartments for Rent in Albuquerque, NM

Spain Townhomes

Olympus Encantada

Casa Tierra

Peaks at Los Ranchos

VIA

Mesa Del Oso

Casa Del Rey Norte

La Mirage

Sierra Meadows

Lomas Gardens

Home @ Valencia

Graceland Plaza Apartments

2937 Hyder SE

Somerset Park

The Villas @ Uptown

Pavilions Apartments

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