Is Albuquerque a Good Place to Live?
Is Albuquerque, New Mexico, right for you? Weigh the pros and cons of moving to Albuquerque with our guide.
If you’re looking for apartments for rent in Albuquerque, you’re in good company; more and more people are discovering the many perks of this historic city and packing up for a move to the Southwest. From scenic views and comfortable weather to diverse, friendly communities and fantastic cuisine, word of the city’s charms are definitely out. But Albuquerque’s inexpensive housing market is perhaps its best-kept secret; new residents can choose from a variety of affordable apartments in Albuquerque. Families will appreciate the abundance of terrific schools and the quiet neighborhood streets. If you’re attending college in Albuquerque, there are plenty of apartments within walking distance from both the University of New Mexico in the center of the city and Central New Mexico Community College just a few blocks to the south.
If you love to explore the great outdoors, step back in time to relive historic moments, or enjoy unique art, you’re in luck! Albuquerque’s long, storied history and gorgeous landscapes have contributed to its one-of-a-kind culture, and no matter where you live, there’s a good chance your apartment will be close to one of Albuquerque’s many cultural attractions.
Townhomes in Albuquerque
The Albuquerque International Balloon Fiesta
An attractive neighborhood in Albuquerque
Albuquerque's mountain views are spectacular
As of April 2025, the average apartment rent in Albuquerque, NM is $844 for a studio, $1,156 for one bedroom, $1,432 for two bedrooms, and $1,785 for three bedrooms. Apartment rent in Albuquerque has increased by 0.4% in the past year.
The cost of living in Albuquerque, NM is 5.6% lower than the national average. Generally, housing in Albuquerque is 13.0% less expensive than the national average, with rent falling between $844 - $1,785. You can expect to pay 2.7% less for groceries, 6.2% less for utilities, and 10.2% less for transportation.
Is Albuquerque, New Mexico, right for you? Weigh the pros and cons of moving to Albuquerque with our guide.
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Public
Grades PK-5
565 Students
Public
Grades K-5
517 Students
Public
Grades PK-5
480 Students
Public
Grades K-5
480 Students
Public
Grades K-5
799 Students
Public
Grades 6-8
818 Students
Public
Grades 6-8
816 Students
Public
Grades PK-12
1,622 Students
Public
Grades 6-8
1,035 Students
Public
Grades 6-8
689 Students
Public
Grades 9-12
1,816 Students
Public
Grades 9-12
237 Students
Public
Grades 9-12
2,216 Students
Public
Grades 9-12
1,762 Students
Public
Grades 9-12
1,728 Students
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.