Encanto at Mesa Del Sol
2500 Bobby Foster Rd SE,
Albuquerque, NM 87106
1-3 Beds | $1,535 - $2,228
Rental Market Trends in Albuquerque, NM
What is the average rent in Albuquerque, NM?
$1,160/month
Average Rent
666 Sq Ft
Average Apartment Size
+3.1%
Increase in the Last Year
As of March 2025, the average rent in Albuquerque, NM is $1,160 per month. This is 25% lower than the national average rent of $1,557/month, making renting in Albuquerque more affordable than most cities in the US. When you rent an apartment in Albuquerque, you can expect to pay about $847 per month for a studio, $1,160 for a one-bedroom apartment, and around $1,414 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,755 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Albuquerque, NM?
In the past year, rent has increased by 3.1%, which averages out to $36 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Albuquerque, NM
Last Updated March 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
25%
Below $700/month
35%
$700 - $1,000/month
28%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Albuquerque?
Based on current rent prices, South San Pedro, McKinley and Netherwood Park are the most affordable neighborhoods in Albuquerque.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Albuquerque?
Based on current rent prices, High Desert, Heritage Hills and Seven Bar North are the most expensive neighborhoods in Albuquerque.
Neighborhood
Average Rent
Average Sq Ft
Which Albuquerque neighborhoods have the most rentals available?
The neighborhoods in Albuquerque with the most apartments available are East Albuquerque, Northeast Heights and Mesa Del Oso/Promenade .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albuquerque, NM?
Because the average rent in Albuquerque is $1,160, you’ll want to make about $3,866 per month or $46,392 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
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 $847 - $1,755. You can expect to pay 2.7% less for groceries, 6.2% less for utilities, and 10.2% less for transportation.
How does Albuquerque, NM compare to other nearby cities and neighborhoods?
Use the tool below to compare Albuquerque, NM to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$797/month
-
One Bedroom
$863/month
$1,629/month
Two Bedroom
$999/month
$1,873/month
Three Bedroom
$1,060/month
$2,287/month
Nearby City Rent Trends
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AMC
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RPM
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Bryten Real Estate Partners
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Cooper Multifamily Services LLC
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16
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1,850
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2
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New Earth Residential
-
45
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9,668
Units
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21
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Jamboree Management
-
27
Communities
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4,153
Units
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18
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Monarch Properties, Inc.
-
24
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2,591
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Methodology
† 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.
* Percentages may not total 100 due to rounding.