Diamond Mesa
2300 Diamond Mesa Trl SW,
Albuquerque, NM 87121
$1,639 - $2,800 Total Monthly Price
1-4 Beds
Rental Market Trends in Albuquerque, NM
What is the average rent in Albuquerque, NM?
$1,164/month
Average Rent
668 Sq Ft
Average Apartment Size
-1.1%
Decrease in the Last Year
As of May 2026, the average rent in Albuquerque, NM is $1,164 per month. This is 29% lower than the national average rent of $1,642/month, making renting in Albuquerque more affordable than most cities in the US. When you rent an apartment in Albuquerque, you can expect to pay about $873 per month for a studio, $1,164 for a one-bedroom apartment, and around $1,432 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,861 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Albuquerque, NM?
In the past year, rent has decreased by 1.1%, which averages out to $12 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2026
Legend
2025
2026
Rent Ranges in Albuquerque, NM
Last Updated May 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
22%
Below $700/month
34%
$700 - $1,000/month
29%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Albuquerque?
Based on current rent prices, Trumbull Village, Sunport and Jerry Cline Park are the most affordable neighborhoods in Albuquerque.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Albuquerque?
Based on current rent prices, Stonebridge Pointe, Nor Este and Quail Springs are the most expensive neighborhoods in Albuquerque.
Neighborhood
Average Rent
Average Sq Ft
Which Albuquerque neighborhoods have the most rentals available?
The neighborhoods in Albuquerque with the most apartments available are East Albuquerque, Northeast Heights and North Valley .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albuquerque, NM?
Because the average rent in Albuquerque is $1,164, you’ll want to make about $3,880 per month or $46,560 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
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.
How does Albuquerque, NM compare to other nearby cities and neighborhoods?
Use the tool below to compare Albuquerque, NM to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$724/month
-
One Bedroom
$747/month
$1,440/month
Two Bedroom
$924/month
$1,748/month
Three Bedroom
$1,204/month
$1,911/month
Nearby City Rent Trends
Apartment communities in Albuquerque we think you'll love
Property Management Companies in Albuquerque, NM
Greystar
-
3,504
Communities
-
964,370
Units
-
892
Cities
40 Communities in Albuquerque
AMC
-
607
Communities
-
121,784
Units
-
242
Cities
24 Communities in Albuquerque
RPM
-
651
Communities
-
180,207
Units
-
259
Cities
8 Communities in Albuquerque
Jamboree Management
-
32
Communities
-
4,280
Units
-
22
Cities
7 Communities in Albuquerque
Monarch Properties, Inc.
-
12
Communities
-
1,591
Units
-
6
Cities
7 Communities in Albuquerque
New Earth Residential
-
60
Communities
-
12,198
Units
-
25
Cities
6 Communities in Albuquerque
Engel Realty Company
-
19
Communities
-
2,433
Units
-
8
Cities
5 Communities in Albuquerque
Monarch Investment and Management Group
-
321
Communities
-
78,198
Units
-
146
Cities
4 Communities in Albuquerque
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.
* Percentages may not total 100 due to rounding.