Monterey Place
2320 Central Ave SW,
Albuquerque, NM 87104
$1,400 - $1,706 | 1-2 Beds
Downtown Albuquerque
Albuquerque, NM
Downtown Albuquerque - Albuquerque, NM
Area Guide
A buzzing business district with abundant dining and nightlife
Business
•
Busy
•
Vibrant
•
Nightlife
•
Restaurants
•
Affordable
•
Urban
•
Nestled off the Rio Grande in the heart of the city, Downtown Albuquerque is a bustling neighborhood and business hub that’s raved about for its lively dining and nightlife scene. Residents and visitors alike enjoy the surrounding upscale Southwestern eateries, farm-to-table dining, dance clubs, and live music hotspots. Downtown offers easy access to major interstates, public transit, country clubs, and popular attractions. After you find your affordable apartment in this buzzing business district, check out the ABQ BioPark Aquarium and Zoo, the New Mexico Museum of Natural History and Science, and the nearby Indian Pueblo Cultural Center. Downtown Albuquerque is the ideal locale for professionals and students, faculty, and staff of the University of New Mexico.
Rent Trends
As of March 2025, the average apartment rent in Downtown Albuquerque is $889 for a studio, $1,106 for one bedroom, $1,355 for two bedrooms, and $1,623 for three bedrooms. Apartment rent in Downtown Albuquerque has increased by 3.2% in the past year.
-
Studio
-
401 sq ft
Average Sq Ft
-
$889/month
Average Rent
-
1 BR
-
646 sq ft
Average Sq Ft
-
$1,106/month
Average Rent
-
2 BR
-
885 sq ft
Average Sq Ft
-
$1,355/month
Average Rent
-
3 BR
-
928 sq ft
Average Sq Ft
-
$1,623/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Albuquerque Biological Park
- ABQ BioPark Zoo
- Tingley Beach
- American International Rattlesnake Museum
- Museum of Southwestern Biology
Military Bases
Airports
- Albuquerque International Sunport
Top Apartments in Downtown Albuquerque
Houses for Rent in Downtown Albuquerque
Property Management Companies
Greystar
-
3,222
Communities
-
893,961
Units
-
827
Cities
Willow Bridge
-
701
Communities
-
189,237
Units
-
316
Cities
AMC
-
653
Communities
-
128,386
Units
-
261
Cities
RPM
-
621
Communities
-
163,619
Units
-
235
Cities
FPI Management
-
616
Communities
-
105,613
Units
-
217
Cities
Cushman & Wakefield
-
551
Communities
-
127,565
Units
-
280
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
- Homes for rent in Albuquerque
- Homes for rent in South Valley
- Homes for rent in Los Ranchos De Albuquerque
- Homes for rent in North Valley
- Homes for rent in Corrales
- Homes for rent in Rio Rancho
- Homes for rent in Bosque Farms
- Homes for rent in Peralta
- Homes for rent in Bernalillo
- Homes for rent in Los Lunas
Methodology
† 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.