Albuquerque, NM 288 Apartments for Rent

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).