Cheap Apartments for Rent in Albuquerque, NM
1,189 rentals
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1-2 Beds
1 BathCeja Vista Senior Apartments | 10001 Ceja Vista Rd SW #B220,
Albuquerque, NM 87121
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Use arrow keys to navigatePET FRIENDLY$645 - $1,075/moStudio-2 Beds1 BathThe Loop @950 | 950 Louisiana Blvd SE #930-143,
Albuquerque, NM 87108
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SPECIAL OFFERPET FRIENDLYTotal price$664 - $1,071/mo1-3 Beds1-2 BathsTesota Four Hills | 301 Western Skies Dr SE #511,
Albuquerque, NM 87123
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SPECIAL OFFERPET FRIENDLY$699 - $900/moStudio-1 Bed1 BathThe Village at Sandia | 12901 Central Ave NE #791fc9c3b,
Albuquerque, NM 87123
SPECIAL OFFERPET FRIENDLYTotal price$699 - $1,200/moStudio-2 Beds1 BathCinnamon Tree Apartments | 7220 Central Ave SE #1017,
Albuquerque, NM 87108
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SPECIAL OFFERPET FRIENDLYTotal price$729 - $1,745/moStudio-3 Beds1-2 BathsDesert Creek Apartments | 4300 Pan American Fwy NE #301,
Albuquerque, NM 87107
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Average Rent Trends in Albuquerque, NM
Rent in Albuquerque, NM varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,544 |
| Jul 2025 | $1,650 |
| Aug 2025 | $1,650 |
| Sep 2025 | $1,700 |
| Oct 2025 | $1,695 |
| Nov 2025 | $1,700 |
| Dec 2025 | $1,668 |
| Jan 2026 | $1,660 |
| Feb 2026 | $1,651 |
| Mar 2026 | $1,667 |
| Apr 2026 | $1,600 |
| May 2026 | $1,500 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,095 | $1,400 | $2,195 | $2,600 | $1,500 |
| Townhomes | $1,200 | $1,825 | $2,350 | $2,100 | $1,850 |
| Apartments and Condos | $1,100 | $1,222 | $1,795 | $9,000 | $1,200 |
| Houses | $1,345 | $2,000 | $2,211 | $2,600 | $2,300 |
Frequently Asked Questions about Rentals in Albuquerque, NM
- What is the average rent of an apartment in Albuquerque, NM?The average rent of an apartment in Albuquerque, NM is $1,089 per month. This is about 44% lower than the national average.
- What is the average rent of a house in Albuquerque, NM?The average rent of a house in Albuquerque, NM is $2,300 per month. This is about 19% higher than the national average.
- What is the average rent of a townhome in Albuquerque, NM?The average rent of a townhome in Albuquerque, NM is $1,850 per month. This is about 4% lower than the national average.
- When is the average rent cheapest in Albuquerque, NM?In the last year, the average rent in Albuquerque, NM was lowest in Jun 2025 when it was $1,544 per month.
- When is the average rent most expensive in Albuquerque, NM?In the last year, the average rent in Albuquerque, NM was highest in Sep 2025 when it was $1,700 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Albuquerque, NM?The average rent of a 1 bedroom apartment in Albuquerque, NM is $1,095 per month. That is about $245 more than the cost of a studio apartment.
- How many available rental listings are in Albuquerque, NM?There are 1,224 available rental listings in Albuquerque, NM.
- What colleges and universities are in Albuquerque, NM?Colleges and universities in Albuquerque, NM include: University of New Mexico.
- What are some neighborhoods in Albuquerque, NM?Some neighborhoods in Albuquerque, NM include: South Valley, Paradise Hills, Westgate Hts, Taylor Ranch.
- What are some zip codes in Albuquerque, NM?
- What are some cities near Albuquerque, NM?Some nearby cities include: Los Ranchos de Albuquerque, Carnuel, Corrales, Cedar Crest, Bosque Farms. These cities may have more rental options to explore.