Rentometer, Inc. | Data as of 10/22/2025
Albuquerque’s rental market offers a vibrant mix of apartments and single‑family homes, catering to a wide range of renters from students and young professionals to growing families. Across the city, studio units typically fall into the $900‑$1,100 range, while one‑ and two‑bedroom apartments often sit between $1,100 and $1,500. Larger floor plans, including three‑ and four‑plus bedroom homes, are commonly found in the $1,800‑$2,500 bracket, providing ample options for those seeking more space without compromising on affordability.
Popular neighborhoods such as Old Town, Nob Hill, and the Downtown Eastside feature a blend of historic charm and modern conveniences, with many apartments located near dining, entertainment, and transit hubs. The Northeast Heights and University area are favored by families and students alike, offering a mix of single‑family homes and multi‑unit complexes that balance quiet residential streets with easy access to the University of New Mexico and research facilities. Renters can choose from contemporary lofts, renovated ranch‑style houses, and spacious suburban homes, each reflecting Albuquerque’s distinctive Southwestern character.
Beyond the walls of any rental, Albuquerque boasts a lively cultural scene, abundant outdoor recreation, and iconic landmarks like the Sandia Mountains and the historic Route 66 corridor. Whether you’re drawn to the vibrant art galleries of the Arts District or the scenic trails of the Rio Grande, the city’s diverse neighborhoods provide a welcoming base for exploring New Mexico’s capital. This blend of affordable rents, varied housing styles, and rich local amenities makes Albuquerque a compelling choice for anyone looking to call the Southwest home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $960 | $897 | $499 - $1,871 | $775 - $990 |
| Apartment | 1 Bedroom | $1,329 | $1,252 | $450 - $3,150 | $1,010 - $1,519 |
| Apartment | 2 Bedroom | $1,416 | $1,321 | $700 - $2,800 | $1,154 - $1,624 |
| Apartment | 3 Bedroom | $1,813 | $1,870 | $899 - $2,600 | $1,450 - $2,200 |
| House | 1 Bedroom | $1,167 | $925 | $615 - $1,900 | $900 - $1,400 |
| House | 2 Bedroom | $1,860 | $1,775 | $650 - $4,200 | $1,325 - $2,200 |
| House | 3 Bedroom | $2,174 | $2,150 | $200 - $5,500 | $1,900 - $2,400 |
| House | 4+ Bedroom | $2,534 | $2,427 | $1,100 - $4,400 | $2,200 - $2,800 |
In the current period, the average rent in Albuquerque was $981 for Studio, $1,310 for 1 Bedroom, $1,569 for 2 Bedroom, $2,108 for 3 Bedroom, and $2,492 for 4+ Bedroom.
Data provided by Rentometer, Inc.