Albuquerque

Albuquerque's Balloon Festival
Townhomes in Albuquerque
The Albuquerque International Balloon Fiesta
An attractive neighborhood in Albuquerque

Albuquerque, NM Area Guide

Avg Rent

$1,161

Population

561,834

Renter Mix

42% Rent

A desert jewel merging a rich heritage with a vision for the future

Military Parks Historic Bike-Friendly Walkable

Albuquerque sits where the Rio Grande cuts through the high desert, framed by the Sandia Mountains to the east and the West Mesa to the west — a geography that shapes everything from the light to the pace of daily life. Founded in 1706 as a Spanish colonial outpost, the city carries that layered history through neighborhoods like Old Town, where adobe architecture and centuries-old plazas coexist with working galleries and local markets. The University of New Mexico anchors the central part of the city, while Kirtland Air Force Base and Sandia National Laboratories give Albuquerque a strong foothold in aerospace and technology. Nob Hill draws renters with its walkable, eclectic stretch along historic Route 66, and the North Valley offers a quieter setting along the river. Downtown continues to grow as a hub for arts, civic life, and commuters.

The rental market reflects the city's range. Renters can find adobe-style casitas, garden-style apartment communities, and newer mid-rise options depending on the neighborhood. Each October, the International Balloon Fiesta fills the sky above the city with hundreds of hot-air balloons, a tradition that has become one of the most recognized events in the Southwest.

Explore the City

Townhomes in Albuquerque

The Albuquerque International Balloon Fiesta

An attractive neighborhood in Albuquerque

Albuquerque's mountain views are spectacular

Demographics

Median Household Income

$60,552

Average: $85,366

Education

177,580

Residents Have a Degree

Job Market

282,521

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

40 Years

Largest Age Group

30-39 Years

Approximately 15% of Residents

Under 20

22%

Over 65

19%

Housing Distribution

Albuquerque has more homeowners than renters.

Renters
42%
Non-Renters
58%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
26%
Other Education
74%

Rent Trends

As of May 2026, the average apartment rent in Albuquerque, NM is $873 for a studio, $1,164 for one bedroom, $1,432 for two bedrooms, and $1,861 for three bedrooms. Apartment rent in Albuquerque has decreased by -1.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,164/month
668 Sq Ft
House
$2,307/month
1,521 Sq Ft
Condo
$1,449/month
911 Sq Ft
Townhome
$1,661/month
1,047 Sq Ft
See Rental Market Trends in Albuquerque, NM

Cost of Living

The cost of living in Albuquerque, NM is 3.2% lower than the national average. Generally, housing in Albuquerque is 9.4% less expensive than the national average, with rent falling between $873 - $1,861. You can expect to pay 2.2% less for groceries, 15.5% less for utilities, and 5.9% less for transportation.

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Learn More About Albuquerque

Getting Around

Fairly Walkable

Walkability

40 / 100

Limited Public Transit

Transit

20 / 100

Exceptionally Drivable

Drivability

90 / 100

Exceptionally Bikeable

Bikeability

90 / 100

Schools

Onate Elementary School

Public

Grades PK-5

264 Students

Onate Elementary

Public

Grades PK-5

264 Students

Matheson Park Elementary

Public

Grades PK-5

192 Students

Matheson Park Elementary School

Public

Grades PK-5

192 Students

Abq School Of Excellence

Public

Grades K-12

910 Students

Abq School Of Excellence

Public

Grades K-12

910 Students

Mission Achievement & Success Charter School

Public

Grades PK-12

1,168 Students

Eisenhower Middle School

Public

Grades 6-8

818 Students

Eisenhower Middle

Public

Grades 6-8

818 Students

Cottonwood Classical Prep

Public

Grades 6-12

759 Students

Abq School Of Excellence

Public

Grades K-12

910 Students

Siembra Leadership High School

Public

Grades 9-12

283 Students

Mission Achievement & Success Charter School

Public

Grades PK-12

1,168 Students

Cottonwood Classical Prep

Public

Grades 6-12

759 Students

Albuquerque Institute Of Math & Science

Public

Grades 6-12

342 Students

Points of Interest

Top Apartments in Albuquerque

Houses for Rent in Albuquerque

Property Management Companies in Albuquerque, NM

Living in Albuquerque

History

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Albuquerque was established in 1706 as a Spanish colonial outpost along El Camino Real, the trade route linking Mexico City to New Spain's northern territories. That early colonial character remains visible in Old Town, where adobe structures and the plaza layout date back centuries, and where homes appear on the National Register of Historic Places. The city changed hands from Spanish to Mexican rule, then became part of the United States following the Mexican-American War in the mid-1800s. The arrival of the railroad in 1880 shifted the city's center eastward and sparked growth that continued with Route 66 in the 1920s and military expansion tied to Kirtland Air Force Base and Sandia National Laboratories between 1939 and 1949.

Today, renters encounter that history throughout the city. Old Town preserves the original plaza and hosts galleries, shops, and live weekend entertainment in summer. Many neighborhoods feature adobe and Pueblo Revival architecture that reflects the region's Southwestern roots. San Felipe de Neri Church anchors the historic district, and stretches of Route 66 still run through Nob Hill, where the mid-century character blends with contemporary uses. The city's historical layers are part of the everyday landscape rather than tucked away, offering renters a sense of continuity with the past.

Restaurants

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New Mexico chile is the cornerstone of Albuquerque's food culture, and locals take it seriously. Ordering your meal "Christmas" — a phrase you'll quickly learn — means you want both red and green chile on your plate, and nearly every New Mexican restaurant in the city will oblige. That culinary tradition runs deep, shaped by centuries of Spanish colonial, Indigenous, and Mexican cooking that continue to define what ends up on the table here. The Pueblo Harvest Café at the Indian Pueblo Cultural Center brings that Indigenous influence to the forefront, serving dishes rooted in the cooking traditions of New Mexico's pueblo communities. Beyond New Mexican cuisine, the city offers a wide range of dining options, from green-chile cheeseburgers and sopapillas in neighborhood spots to contemporary takes on Southwestern cooking in Nob Hill, where a walkable stretch of Central Avenue draws residents out for both casual meals and longer evenings out.

Transportation

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Albuquerque is built around two major interstates, I-25 running north-south and I-40 running east-west, meeting at the interchange known locally as the Big I. Most residents drive, and the highway grid makes it straightforward to reach employment hubs like the University of New Mexico, Kirtland Air Force Base, and Sandia National Laboratories. The city's bus network, ABQ RIDE, covers most major corridors, and the Rail Runner Express commuter train connects downtown Albuquerque to Santa Fe and several stops in between, with the Alvarado Transportation Center serving as the main rail hub. Albuquerque International Sunport, located on the south side of the city, handles regional and national flights. With more than 300 days of sunshine a year, biking and walking are genuinely practical options, and the city has developed a network of bike lanes and riverside paths along the Rio Grande bosque for both commuters and recreational riders.

Parks

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Albuquerque's park system takes full advantage of its position between the Sandia Mountains and the Rio Grande. The east bank of the Rio Grande is home to the ABQ BioPark, a sprawling complex that includes a 52-acre botanic garden with a glass conservatory and a tranquil Sasebo Japanese Garden, as well as a zoo and aquarium within the same grounds. The Paseo del Bosque Trail runs along the river through the cottonwood bosque, offering a flat, multi-use path popular with walkers and cyclists. On the west side of the city, Petroglyph National Monument preserves thousands of ancient rock carvings across a volcanic landscape with several accessible trail areas. To the east, the Sandia Mountains rise sharply above the city, with the Cibola National Forest providing extensive hiking and mountain biking terrain. Balloon Fiesta Park on the north end of the city serves as the venue for the annual International Balloon Fiesta and remains open as green open space throughout the rest of the year.

Cost

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Albuquerque sits below the national average across most cost categories, with overall living expenses running about 3 percent lower than the U.S. norm. Housing in particular comes in well under national benchmarks, and utilities are notably cheaper as well. Rents across the city vary by unit size, ranging from the mid-$800s for studios to the low $1,800s for three-bedroom apartments, with one-bedroom units averaging around $1,160. The median household income of roughly $60,500 supports a rental market that remains relatively accessible compared to many peer metros, and the city's mix of apartments, casitas, and single-family rentals gives incoming renters a range of options at different price points.

Shopping

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Albuquerque's retail scene spans several distinct districts, each with its own character. Nob Hill, stretching along historic Route 66, is one of the city's most walkable shopping corridors, lined with independently owned boutiques, galleries, and specialty shops that reflect the neighborhood's creative energy. Old Town draws visitors and residents alike with its plaza-centered collection of galleries, craft vendors, and Southwest-focused shops housed in adobe storefronts that have anchored the area for generations. Downtown adds another layer of local retail to the mix, with smaller storefronts woven between restaurants and cultural venues.

For those who prefer a more traditional mall experience, Coronado Center and Cottonwood Mall serve as the city's major enclosed shopping destinations, while ABQ Uptown offers an open-air alternative that takes advantage of New Mexico's consistently sunny weather. The Sawmill Market near Old Town functions as a gathering point for local vendors and food producers, offering a browsing experience rooted in regional goods. Together, these options give Albuquerque renters a well-rounded retail landscape within easy reach.

Highlights

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Balloon Fiesta Albuquerque Botanical Gardens Gold Building Old Town Albuquerque Isleta Amphitheater Isotopes Park Coronbado Center Kirtland AFB Sandia Mountains ABQ Uptown San Felipe de Neri Church

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.