Encanto at Mesa Del Sol
2500 Bobby Foster Rd SE,
Albuquerque, NM 87106
1-3 Beds | $1,537 - $2,244
Rental Market Trends in Albuquerque, NM
What is the average rent in Albuquerque, NM?
$1,159/month
Average Rent
666 Sq Ft
Average Apartment Size
+3.5%
Increase in the Last Year
As of December 2024, the average rent in Albuquerque, NM is $1,159 per month. This is 26% lower than the national average rent of $1,560/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, $1,159 for a one-bedroom apartment, and around $1,412 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,742 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 3.5%, which averages out to $42 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 December 2024
Legend
2023
2024
Rent Ranges in Albuquerque, NM
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
25%
Below $700/month
35%
$700 - $1,000/month
29%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
3%
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, Netherwood Park and Midtown Albuquerque 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, Seven Bar North, Heritage Hills and High Desert 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 North Valley .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albuquerque, NM?
Because the average rent in Albuquerque is $1,159, you’ll want to make about $3,863 per month or $46,356 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.
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
$794/month
$1,072/month
One Bedroom
$868/month
$1,432/month
Two Bedroom
$1,010/month
$1,658/month
Three Bedroom
$1,058/month
$1,879/month
Nearby City Rent Trends
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Greystar
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3,191
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884,840
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AMC
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RPM
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Bryten Real Estate Partners
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121
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Cooper Multifamily Services LLC
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19
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2,029
Units
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2
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8 Communities in Albuquerque
Jamboree Management
-
27
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-
4,153
Units
-
18
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7 Communities in Albuquerque
Monarch Properties, Inc.
-
24
Communities
-
2,591
Units
-
10
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7 Communities in Albuquerque
Monarch Investment and Management Group
-
305
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74,735
Units
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140
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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.