Monterey Place
2320 Central Ave SW,
Albuquerque, NM 87104
$1,400 - $1,706 | 1-2 Beds
Downtown Albuquerque
Albuquerque, NM
Downtown Albuquerque - Albuquerque, NM
Area Guide
A buzzing business district with abundant dining and nightlife
Business
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Busy
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Vibrant
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Nightlife
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Restaurants
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Affordable
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Urban
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Nestled off the Rio Grande in the heart of the city, Downtown Albuquerque is a bustling neighborhood and business hub that’s raved about for its lively dining and nightlife scene. Residents and visitors alike enjoy the surrounding upscale Southwestern eateries, farm-to-table dining, dance clubs, and live music hotspots. Downtown offers easy access to major interstates, public transit, country clubs, and popular attractions. After you find your affordable apartment in this buzzing business district, check out the ABQ BioPark Aquarium and Zoo, the New Mexico Museum of Natural History and Science, and the nearby Indian Pueblo Cultural Center. Downtown Albuquerque is the ideal locale for professionals and students, faculty, and staff of the University of New Mexico.
Rent Trends
As of May 2025, the average apartment rent in Downtown Albuquerque is $883 for a studio, $1,072 for one bedroom, $1,400 for two bedrooms, and $1,627 for three bedrooms. Apartment rent in Downtown Albuquerque has decreased by -0.1% in the past year.
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Studio
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401 sq ft
Average Sq Ft
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$883/month
Average Rent
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1 BR
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646 sq ft
Average Sq Ft
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$1,072/month
Average Rent
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2 BR
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910 sq ft
Average Sq Ft
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$1,400/month
Average Rent
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3 BR
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928 sq ft
Average Sq Ft
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$1,627/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Albuquerque Biological Park
- ABQ BioPark Zoo
- Tingley Beach
- American International Rattlesnake Museum
- Museum of Southwestern Biology
Military Bases
Airports
- Albuquerque International Sunport
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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 2025.