Encanto at Mesa Del Sol
2500 Bobby Foster Rd SE,
Albuquerque, NM 87106
1-3 Beds | $1,429 - 2,229
$1,157/month
Average Rent
665 Sq Ft
Average Apartment Size
+3.5%
Increase in the Last Year
As of November 2024, the average rent in Albuquerque, NM is $1,157 per month. This is 26% lower than the national average rent of $1,559/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 $843 per month for a studio, $1,157 for a one-bedroom apartment, and around $1,410 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,745 or more.
In the past year, rent has increased by 3.5%, which averages out to $41 more per month.
Based on current rent prices, South San Pedro, Highlands North and Netherwood Park are the most affordable neighborhoods in Albuquerque.
Based on current rent prices, Uptown Albuquerque, Seven Bar North and High Desert are the most expensive neighborhoods in Albuquerque.
The neighborhoods in Albuquerque with the most apartments available are East Albuquerque, Northeast Heights and North Valley .
Because the average rent in Albuquerque is $1,157, you’ll want to make about $3,856 per month or $46,272 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.
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.
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† 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.