Union 505
801 Locust Pl NE,
Albuquerque, NM 87102
$757 - $1,649 Total Monthly Price
Studio - 2 Beds
Area Guide
University of New Mexico Albuquerque, NM
The state’s flagship research institution in the heart of Albuquerque
Public
•
Urban
•
Walkable
Located in the heart of one of America’s most historic and culturally-rich cities, the University of New Mexico provides a stellar academic environment surrounded by urban resources and the stunning natural beauty of the region. Albuquerque’s signature Southwestern architectural style dominates the campus buildings at UNM (particularly Mesa Vista Hall and Dane Smith Hall), creating a totally unique atmosphere. The university serves as a major cultural hub for the city, with the University Art Museum, Popejoy Hall, and the Rodey Theatre on the south side of campus exhibiting popular displays and performances throughout the year.
Central Avenue provides a strip of casual eateries and coffee houses serving the UNM population, bordering the southern edge of campus and extending for several blocks in either direction. The Central Campus is only a mile east of Downtown Albuquerque, making it easy to take advantage of the restaurants, theaters, galleries, and nightlife hotspots without having to drive. The local housing market offers many excellent options that tend to be quite affordable, especially near the UNM campus.
Rent Trends
As of June 2026, the average apartment rent in Albuquerque, NM is $863 for a studio, $1,170 for one bedroom, $1,435 for two bedrooms, and $1,871 for three bedrooms. Apartment rent in Albuquerque has decreased by -0.6% in the past year.
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Studio
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405 sq ft
Average Sq Ft
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$863/month
Average Rent
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1 BR
-
668 sq ft
Average Sq Ft
-
$1,170/month
Average Rent
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2 BR
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964 sq ft
Average Sq Ft
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$1,435/month
Average Rent
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3 BR
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1,245 sq ft
Average Sq Ft
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$1,871/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly University of New Mexico - Albuquerque, NM (University) is for everyday living.
Very Walkable
Walkability
80
/ 100
Some Public Transit
Transit
40
/ 100
Moderately Drivable
Drivability
70
/ 100
Moderately Bikeable
Bikeability
60
/ 100
Daily Essentials
University of New Mexico - Albuquerque, NM (University) offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
80
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Fair Variety of Shops Nearby
Shopping
50
/ 100
Recreation
University of New Mexico - Albuquerque, NM (University) provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
60
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
50
/ 100
Local Vibe
Get a sense of what it’s like to live in University of New Mexico - Albuquerque, NM (University) from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
50
/ 100
Fair Nightlife Variety Nearby
Nightlife
40
/ 100
Fairly Noisy
Quiet Score
60
/ 100
Scores provided by
Schools
Public
Grades PK-5
264 Students
Public
Grades PK-5
264 Students
Public
Grades PK-5
192 Students
Matheson Park Elementary School
Public
Grades PK-5
192 Students
Public
Grades K-12
910 Students
Public
Grades K-12
910 Students
Mission Achievement & Success Charter School
Public
Grades PK-12
1,168 Students
Public
Grades 6-8
818 Students
Public
Grades 6-8
818 Students
Public
Grades 6-12
759 Students
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
Public
Grades 6-12
759 Students
Albuquerque Institute Of Math & Science
Public
Grades 6-12
342 Students
School data provided by
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Geology Museum
- Meteorite Museum
- UNM Observatory
- Roosevelt Park
- Museum of Southwestern Biology
Military Bases
Airports
- Albuquerque International Sunport
Top Apartments Near University of New Mexico
Houses Near University of New Mexico
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
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 June 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.