Apartments & Homes for Rent in 87108

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What to Know About

Living in 87108

Albuquerque is known for its magnificent scenery, rich cultural heritage, and thriving arts scene. This city is a melting pot of modern amenities and cultural diversity, surrounded by breathtaking desert landscapes. Immerse yourself in Albuquerque's unique history by visiting landmarks, such as the National Museum of Nuclear Science & History, Indian Pueblo Cultural Center, Petroglyph National Monument, or the Albuquerque Old Town offers an array of museums, galleries, and shops, all reflecting the city's deep roots.

Outdoor enthusiasts will be thrilled with the vast array of exploration opportunities, such as the stunning Sandia Mountains, which offer hiking, skiing, and breathtaking views of the city. And be sure to check out the Albuquerque International Balloon Fiesta, which offers an unforgettable experience as hundreds of hot air balloons fill the sky with vibrant colors and shapes. In addition, the city is renowned for its food scene featuring flavors of the Southwest, including its famous New Mexico green chili.

Come and experience the enchanting city of Albuquerque. From its radiant beauty to its unique culture and unforgettable experiences, it's easy to see why Albuquerque is a great place to live.

Rental Market Trends

Albuquerque, NM

As of May 2025, Albuquerque's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Albuquerque's average rent is 6.2% ($87) lower than the New Mexico average of $1,404 and 26.5% ($476) lower than the U.S. average of $1,793.

Average Rent
$1,317
Monthly ChangeMonth Over Month Change
Decreased1.2% ($16)
Yearly ChangeYear Over Year Change
Increased3% ($38)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,069 Increased0.6% ($6) Increased12.9% ($122)
2 Beds $1,438 Increased0.3% ($5) Increased25.5% ($292)
3 Beds $1,975 Decreased1.4% ($29) Decreased0.1% ($2)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Albuquerque Rental Market FAQs

Explore rental prices, market trends, and availability in Albuquerque, NM.

The average rent in Albuquerque, NM is $1,317 per month.
Homes in Albuquerque typically rent for between $748 and $2,568 per month, with an average of $1,317 per month.
In Albuquerque, the average rent for a 1-bedroom home is $1,069 per month, for a 2-bedroom home, $1,438 per month, and a 3-bedroom home is $1,975 per month.
The average rent in Albuquerque is 26.5% ($476) lower than the national average of $1,793 per month.
The average rent in Albuquerque has decreased by 1.2% ($16) in the last month and increased by 3.0% ($38) over the past year.
The rental market in Albuquerque, NM, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Albuquerque, NM, the average rental stays on the market for approximately 25 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 489 rental properties available in Albuquerque, NM.
Based on the current averages, a household would need an annual income of $57,520 to comfortably afford a 2-bedroom home in Albuquerque.
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