Average Rent in Albuquerque, NM

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Current Versus Historical Albuquerque, NM Rents

Albuquerque rentals average $765 for a studio rental to $2,050 for a 4-bedroom rental. The median price of all currently available listings is $908, or roughly $15 per square feet.

For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $258 (-25.88%) year-over-year from $995 to $738. 1-bedroom rentals prices have decreased by $168 (-16.92%) year-over-year from $993 to $825. 2-bedroom rentals prices have decreased by $127 (-10.97%) year-over-year from $1,160 to $1,033. 3-bedroom rentals prices have decreased by $553 (-26.31%) year-over-year from $2,103 to $1,550. 4-bedroom rentals prices have decreased by $1,416 (-37.87%) year-over-year from $3,738 to $2,323. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.45% this month. 1-bedroom rents have gone up by 1.43% this month. 2-bedroom rents have gone up by 4.12% this month. 3-bedroom rents have gone down by 20.14% this month. 4-bedroom rents have gone down by 0.43% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$18.78	$738	$995 (-25.88%)	$778 (-5.25%)
1 BR	$15.34	$825	$993 (-16.92%)	$858 (-3.88%)
2 BR	$15.08	$1,033	$1,160 (-10.97%)	$1,067 (-3.20%)
3 BR	$20.42	$1,550	$2,103 (-26.31%)	$1,950 (-20.51%)
4+ BR	$15.26	$2,323	$3,738 (-37.87%)	$2,350 (-1.17%)

Historical Rents in Albuquerque, NM

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Albuquerque

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Albuquerque

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Albuquerque

There are a total of 1 counties located by Albuquerque, NM. One county in the area is Bernalillo, NM. The average rent for rentals in these counties is $908. That's roughly around $15 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Bernalillo, NM. Its average rent per month is $908. Vice versa, with an average rent of $908, Bernalillo, NM is the most expensive county by Albuquerque, NM.

Typically, rent for studios in Albuquerque, NM is on par with the other counties nearby. In comparison, rent for one bedroom listings in Albuquerque, NM is on par with the other counties nearby. Finally, rent for two bedrooms in Albuquerque, NM is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Bernalillo, NM	$765	$825	$995	$908

Top Zipcodes Near Albuquerque

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Albuquerque Average Rents

What is the average rent price in Albuquerque, NM?

The average monthly rental price for Albuquerque, NM apartments for rent is approximately $908. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Albuquerque, NM rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Albuquerque, NM.

How much is a studio apartment in Albuquerque, NM?

The average monthly rental price for studio apartments is $765 and an average price per square feet of $18.78. There are a total of 7 studio apartment listings currently available for rent in Albuquerque.

How much is a one bedroom apartment in Albuquerque, NM?

The average monthly rental price for one bedroom apartments is $825 and an average price per square feet of $15.34. There are a total of 26 one bedroom apartment listings currently available for rent in Albuquerque.

How much is a two bedroom apartment in Albuquerque, NM?

The average monthly rental price for two bedroom apartments is $995 and an average price per square feet of $15.08. There are a total of 29 two bedroom apartment listings currently available for rent in Albuquerque.

How have rent prices in Albuquerque, NM changed this year?

Rent prices for rentals in Albuquerque, NM can fluctuate yearly. Specifically, studio rental prices have changed by -0.26%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by -0.11%, three bedroom rental prices have changed by -0.26% year-over-year.

What is a reasonable rent price in Albuquerque, NM?

A reasonable rent price in Albuquerque, NM is around $726/month. You can search for these reasonably priced rental listings on RentHop.