Homes & Apartments for Rent in 87114

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What to Know About

Living in 87114

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 August 2026, 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 6.0% ($85) lower than the New Mexico average of $1,415 and 26.1% ($470) lower than the U.S. average of $1,800.

Average Rent
$1,330
Monthly ChangeMonth Over Month Change
Increased0.6% ($8)
Yearly ChangeYear Over Year Change
Decreased4.2% ($59)
Avg. Days on MarketAverage Days on Market
25
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,098 Increased0.5% ($5) Decreased1.8% ($20)
2 Beds $1,440 Decreased0.5% ($7) Decreased3.2% ($48)
3 Beds $2,029 Decreased2.1% ($44) Decreased1.2% ($25)
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 $1,330 per month.
Homes in Albuquerque typically rent for between $769 and $2,638 per month, with an average of $1,330 per month.
In Albuquerque, the average rent for a 1-bedroom home is $1,098 per month, for a 2-bedroom home, $1,440 per month, and a 3-bedroom home is $2,029 per month.
The average rent in Albuquerque is 26.1% ($470) lower than the national average of $1,800 per month.
The average rent in Albuquerque has increased by 0.6% ($8) in the last month and decreased by 4.2% ($59) 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 506 rental properties available in Albuquerque, NM.
Based on the current averages, a household would need an annual income of $57,600 to comfortably afford a 2-bedroom home in Albuquerque.
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