Rentometer, Inc. | Data as of 10/23/2025
The Albuquerque metro rental market offers a diverse array of housing choices, from sleek studio apartments in the vibrant downtown core to spacious four‑plus bedroom homes in the quiet suburbs. Prospective renters will find studio apartments typically priced in the $1,000‑$1,200 range, with one‑bedroom units comfortably sitting in the mid‑$1,200 range. Two‑bedroom apartments often fall within the $1,400‑$1,500 bracket, while larger three‑ and four‑plus bedroom units move into the $1,800‑$2,300 tier, reflecting the city’s mix of modern developments and classic Pueblo‑style residences.
For those preferring single‑family homes, studio and one‑bedroom houses generally align with the $1,300‑$1,400 range, and two‑bedroom homes are commonly found in the $1,700‑$1,800 bracket. Larger homes with three or more bedrooms commonly exceed $2,000, with premium four‑plus bedroom properties often listed in the $2,400‑$2,600 range. These price tiers support a variety of lifestyles, whether you’re a student near the University of New Mexico, a professional working in the growing tech corridor along the 101, or a family seeking the spacious neighborhoods of North Albuquerque and the foothills of the Sandia Mountains.
Albuquerque’s rental appeal is enhanced by its cultural landmarks such as Old Town, the ABQ BioPark, and a thriving arts scene in Nob Hill. Outdoor enthusiasts appreciate easy access to hiking, biking, and skiing on the nearby Sandia peaks. This combination of affordable, varied housing options and a rich blend of urban amenities makes the Albuquerque metro area a compelling choice for renters seeking both comfort and convenience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,130 | $922 | $750 - $1,997 | $850 - $1,495 |
| Apartment | 1 Bedroom | $1,141 | $1,120 | $329 - $1,955 | $903 - $1,335 |
| Apartment | 2 Bedroom | $1,497 | $1,470 | $800 - $2,800 | $1,088 - $1,712 |
| Apartment | 3 Bedroom | $1,866 | $1,774 | $1,200 - $3,500 | $1,450 - $2,177 |
| House | 1 Bedroom | $1,353 | $1,100 | $525 - $2,399 | $900 - $2,100 |
| House | 2 Bedroom | $1,675 | $1,750 | $655 - $2,750 | $1,450 - $2,000 |
| House | 3 Bedroom | $2,216 | $2,200 | $990 - $5,995 | $1,900 - $2,400 |
| House | 4+ Bedroom | $2,684 | $2,495 | $1,025 - $6,500 | $2,295 - $2,900 |
In the current period, the average rent in Albuquerque, NM was $1,113 for Studio, $1,179 for 1 Bedroom, $1,564 for 2 Bedroom, $2,160 for 3 Bedroom, and $2,647 for 4+ Bedroom.
Data provided by Rentometer, Inc.