Rental market snapshot for Albuquerque, New Mexico

Albuquerque, New Mexico Rental Property Market Overview

The average rent for an apartment in Albuquerque is $1,365. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 3.9% over the past year.

Albuquerque is the largest city in New Mexico and is located in the central part of the state. The city is known for its beautiful scenery, its diverse culture, and its lively nightlife. Albuquerque is home to a number of different museums and art galleries, as well as a variety of different restaurants and bars. The city is also home to a number of different parks and recreation areas.

Last Updated December 23, 2022

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Average monthly rent graph in Albuquerque New Mexico | Cost of Living

  • The most expensive ZIP Code in Albuquerque is 87113 with an average price of $2,051
  • The cheapest ZIP Code in Albuquerque is 87108 with an average price of $705

Albuquerque ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
187113$2,051
287122$1,750
387114$1,692
487121$1,650
587106$1,609
687120$1,595
787111$1,505
887109$1,400
987112$1,250
1087107$1,125

Live near Albuquerque, New Mexico's Top Sights and Attractions

Cottonwood Dog Park is a large, fenced-in area where dogs can play off-leash. The park has a double-gated entry system to prevent dogs from escaping, and there is a separate small dog area. There is also a water feature for dogs to cool off in, and a shaded seating area for humans.

Tingley is an attraction located in Albuquerque, New Mexico. It is a man-made lake that was created in the early 1900s. The lake is located in the middle of a park and is surrounded by trees. There are walking and biking trails around the lake, and there are also picnic areas.

Vista Nueva Park is a scenic park located in Albuquerque, New Mexico. The park offers stunning views of the cityscape, and is a popular spot for picnics, hiking, and bird watching.

El Oso Grande Park is a beautiful park located in Albuquerque, New Mexico. The park is home to a variety of different animals, including bears, elk, and deer. There are also a variety of different plants and trees that can be found in the park.

Jack And Jill is a local Albuquerque attraction that is a must see for anyone visiting the city. The attraction is a two-story house that has been converted into a museum that tells the story of the city's history. The museum is filled with interactive exhibits that allow visitors to learn about the city's past.

Sister Cities Park is a beautiful park located in the heart of Albuquerque. The park features a variety of gardens, a playground, a picnic area, and a walking path. The park is also home to a variety of events throughout the year, including concerts, festivals, and farmers markets.

Sister Cities is a public art installation in Albuquerque, New Mexico. The installation consists of eight sculptures, each representing one of Albuquerque's sister cities. The sculptures are located in a park, and each one is unique.

Highland is an attraction in Albuquerque, New Mexico that is known for its beautiful views of the city. The attraction is located on a hilltop and offers visitors a chance to see the city from a different perspective. Highland is a popular spot for photography and is also a great place to watch the sunset.

Albuquerque, New Mexico area median rent change by ZIP Code map

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How does Albuquerque compare to other cities in New Mexico ?

citymedian price
Las Cruces$1,650
Santa Fe$1,999
Albuquerque$1,525
Albuquerque$1,450
Holloman Air Force Base$1,350
Carlsbad$1,225
Hobbs$950
Portales$551
Hobbs$850

Average household income in Albuquerque area graph - US Census

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The median household income in Albuquerque in 2021 was $53,936. This represents a 14.0% change from 2011 when the median was $47,333.

#categorypercent
0Less than $10,0008.2%
1$10,000 to $14,9995.1%
2$15,000 to $19,9994.8%
3$20,000 to $24,9995.1%
4$25,000 to $29,9995.0%
5$30,000 to $34,9995.0%
6$35,000 to $39,9994.7%
7$40,000 to $44,9994.4%
8$45,000 to $49,9994.4%
9$50,000 to $59,9997.9%
10$60,000 to $74,99910.2%
11$75,000 to $99,99912.3%
12$100,000 to $124,9998.8%
13$125,000 to $149,9994.8%
14$150,000 to $199,9994.8%
15$200,000 or more4.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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