The Charlie ABQ
7682 Woodmont Ave,
Albuquerque, NM 87114
2-4 Beds | $2,509 - $3,683
Rental Market Trends in Albuquerque, NM
Updated August 2026
The average rent in Albuquerque, NM is $1,175/month.
Rent in Albuquerque is 29% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,175/month
Average Rent
669 Sq Ft
Average Size
+0.6%
Change / Year
3,976
Available Apartments
Albuquerque rent varies by unit size and layout:
- Studio apartments in Albuquerque average $878 per month.
- One-bedroom apartments in Albuquerque average $1,175 per month.
- Two-bedroom apartments in Albuquerque average $1,443 per month.
- Three-bedroom apartments in Albuquerque average $1,870 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Albuquerque, NM?
In the past year, rent has increased by 0.6%, which averages out to $8 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Albuquerque, NM
August 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
36%
$700 - $1,000/month
30%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Albuquerque?
Based on current rent prices, Trumbull Village, La Mesa 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, Jade Park, Sandia Heights South and North Albuquerque Acres 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 Northeast Heights, North Valley and Mesa Del Oso/Promenade .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albuquerque, NM?
Because the average rent in Albuquerque is $1,175, you’ll want to make about $3,916 per month or $46,992 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 3.8% lower than the national average. Generally, housing in Albuquerque is 10.2% less expensive than the national average, with rent falling between $878 - $1,870. You can expect to pay 1.9% less for groceries, 16.0% less for utilities, and 7.2% 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.
View the Albuquerque Area GuideStudio
$702/month
-
One Bedroom
$789/month
-
Two Bedroom
$985/month
-
Three Bedroom
$1,177/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Albuquerque We Think You'll Love
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
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Albuquerque?
The average rent in Albuquerque is $1,175 per month, which is 29.3% lower than the national average of $1,663.
What is the average rent for a house in Albuquerque?
The average rent for a house in Albuquerque, NM is $2,301 per month.
What is the average rent for a townhome in Albuquerque?
The average rent for a townhome in Albuquerque, NM is $1,522 per month.
What is the average rent for a condo in Albuquerque?
The average rent for a condo in Albuquerque, NM is $1,175 per month.
Are rents going up or down in Albuquerque?
Rents in Albuquerque, NM are increasing, with prices up 0.6% year-over-year and $8 more per month.
What rent range is most common in Albuquerque?
In Albuquerque, NM, 36% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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.
* Percentages may not total 100 due to rounding.