Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in 87119
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 June 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 5.5% ($77) lower than the New Mexico average of $1,400 and 26.4% ($474) lower than the U.S. average of $1,797.
Average Rent
$1,323
Monthly ChangeMonth Over Month Change
0.4% ($5)
Yearly ChangeYear Over Year Change
0.5% ($6)
Avg. Days on MarketAverage Days on Market
25
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,084 | 0.4% ($4) | 1% ($11) |
| 2 Beds | $1,450 | 0.1% ($1) | 0.3% ($5) |
| 3 Beds | $2,087 | 3.9% ($79) | 2.7% ($55) |
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 $1,323 per month.
Homes in Albuquerque typically rent for between $759 and $2,713 per month, with an average of $1,323 per month.
In Albuquerque, the average rent for a 1-bedroom home is $1,084 per month, for a 2-bedroom home, $1,450 per month, and a 3-bedroom home is $2,087 per month.
The average rent in Albuquerque is 26.4% ($474) lower than the national average of $1,797 per month.
The average rent in Albuquerque has increased by 0.4% ($5) in the last month and decreased by 0.5% ($6) 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 511 rental properties available in Albuquerque, NM.
Based on the current averages, a household would need an annual income of $58,000 to comfortably afford a 2-bedroom home in Albuquerque.
