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Homes & Apartments for Rent in Albuquerque, NM 87109

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What to Know About

Living in 87109

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

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As of October 2026, Albuquerque's rental market is balanced, with rentals spending about 30 days on the market, slower than in New Mexico (25), and rents down 2.1% over the past year. Albuquerque's average rent is 5.2% ($84) lower than the New Mexico average of $1,618 and 26.3% ($548) lower than the U.S. average of $2,082.

Average Rent
$1,534
Monthly ChangeMonth Over Month Change
Increased0.40% ($6)
Yearly ChangeYear Over Year Change
Decreased2.1% ($33)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,248 Increased0.43% ($5) Decreased1.8% ($23)
2 Beds $1,568 Increased0.51% ($8) Decreased2.7% ($44)
3 Beds $2,076 Decreased0.05% ($1) Decreased1.1% ($24)
Nearby Cities Average Rent Avg. Rent vs. AlbuquerqueAverage Rent vs. Albuquerque Days on Market
Rio Rancho $1,955 Increased27.4% ($421) 28 days
Corrales $2,254 Increased46.9% ($720) 30 days
Bosque Farms $1,471 Decreased4.1% ($63) 30 days
Cedar Crest $2,407 Increased56.9% ($873) 30 days
Tijeras $1,659 Increased8.1% ($125) 30 days
Based on rentals advertised on RentalSource in and around Albuquerque.
Frequently Asked Questions
Albuquerque Rental Market FAQs

Explore rental prices, market conditions, and affordability in Albuquerque, NM.

The average rent in Albuquerque, NM is $1,534 per month.
In Albuquerque, the average rent is $1,248 per month for a 1-bedroom home, $1,568 for a 2-bedroom home and $2,076 for a 3-bedroom home.
The average rent in Albuquerque is 26.3% ($548) lower than the national average of $2,082 per month.
The rental market in Albuquerque, NM is currently balanced, with rentals spending about 30 days on the market, slower than in New Mexico (25), and rents down 2.1% over the past year.
Based on the current averages, a household would need an annual income of $62,700 to comfortably afford a 2-bedroom home in Albuquerque.
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