Find Homes & Apartments for Rent in Albuquerque, NM

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What to Know About

Living in Albuquerque, NM

Albuquerque is known for its magnificent scenery, rich cultural heritage, and thriving arts scene. This city is a melting pot of modern amenities and cultural diversity, surrounded by breathtaking desert landscapes. Immerse yourself in Albuquerque's unique history by visiting landmarks, such as the National Museum of Nuclear Science & History, Indian Pueblo Cultural Center, Petroglyph National Monument, or the Albuquerque Old Town offers an array of museums, galleries, and shops, all reflecting the city's deep roots.

Outdoor enthusiasts will be thrilled with the vast array of exploration opportunities, such as the stunning Sandia Mountains, which offer hiking, skiing, and breathtaking views of the city. And be sure to check out the Albuquerque International Balloon Fiesta, which offers an unforgettable experience as hundreds of hot air balloons fill the sky with vibrant colors and shapes. In addition, the city is renowned for its food scene featuring flavors of the Southwest, including its famous New Mexico green chili.

Come and experience the enchanting city of Albuquerque. From its radiant beauty to its unique culture and unforgettable experiences, it's easy to see why Albuquerque is a great place to live.

Rental Market Trends

Albuquerque, NM

As of April 2025, Albuquerque's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Albuquerque's average rent is 5.2% ($74) lower than the New Mexico average of $1,416 and 24.9% ($446) lower than the U.S. average of $1,788.

Average Rent
$1,342
Monthly ChangeMonth Over Month Change
Decreased1.3% ($17)
Yearly ChangeYear Over Year Change
Decreased1.8% ($25)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,070 Decreased3.4% ($38) Increased18.5% ($167)
2 Beds $1,404 Decreased1.5% ($21) Increased11.9% ($149)
3 Beds $1,980 Increased0.4% ($7) Increased5.2% ($97)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Albuquerque Rental Market FAQs

Explore rental prices, market trends, and availability in Albuquerque, NM.

The average rent in Albuquerque, NM is $1,342 per month.
Homes in Albuquerque typically rent for between $749 and $2,574 per month, with an average of $1,342 per month.
In Albuquerque, the average rent for a 1-bedroom home is $1,070 per month, for a 2-bedroom home, $1,404 per month, and a 3-bedroom home is $1,980 per month.
The average rent in Albuquerque is 24.9% ($446) lower than the national average of $1,788 per month.
The average rent in Albuquerque has decreased by 1.3% ($17) in the last month and decreased by 1.8% ($25) over the past year.
The rental market in Albuquerque, NM, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Albuquerque, NM, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 521 rental properties available in Albuquerque, NM.
Based on the current averages, a household would need an annual income of $56,160 to comfortably afford a 2-bedroom home in Albuquerque.
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