Alvarado Apartments
611 Lead Ave SW,
Albuquerque, NM 87102
$949 - $1,699
Studio - 2 Beds
Raynolds Addition anchors the busiest area of Downtown Albuquerque and straddles the most well-traveled stretch of Route 66 in the city. Its retail space ranks among the most sought-after in town, and the bars and dining that line this glowing corridor stay as varied as the travelers who journey down America's original interstate. Residents of Raynolds Addition live at a faster pace than those in most of Albuquerque, and benefit from the high energy of the area. There’s a variety of apartments and single-family homes for rent, and with quick access to Interstate 25 and 40, this is a perfect spot for the commuting crowd.
As of March 2026, the average apartment rent in Raynolds Addition is $853 for a studio, $1,015 for one bedroom, $1,125 for two bedrooms, and $1,195 for three bedrooms. Apartment rent in Raynolds Addition has decreased by -2.1% in the past year.
Studio
438 sq ft
Average Sq Ft
$853/month
Average Rent
1 BR
635 sq ft
Average Sq Ft
$1,015/month
Average Rent
2 BR
857 sq ft
Average Sq Ft
$1,125/month
Average Rent
3 BR
1,065 sq ft
Average Sq Ft
$1,195/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Raynolds Addition - Albuquerque, NM is for everyday living.
Moderately walkable
Walkability
Good public transit
Transit
Moderately drivable
Drivability
Moderately bikeable
Bikeability
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† 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.