Albuquerque market rental trends report

Over the past 3 to 6 months, rent prices in Albuquerque have been relatively stable to modestly declining, as market activity cools and more listings compete for tenants. For example, rents across all unit types have dropped about 2% over the past year. This shift likely stems from a combination of increased inventory (more new units coming online), seasonal demand softening, and tenants gaining more negotiation leverage in what is becoming a less heated market. As of now, the median rent across all unit types in Albuquerque is approximately $1,384/month.

Rio Rancho

Over the past 3 to 6 months, rents in Rio Rancho have trended upward modestly, with asking rates rising as inventories have tightened and vacancy rates have compressed. The increase is not dramatic, but consistent across unit sizes. The primary drivers behind this upward movement include rising demand—both from people seeking housing outside Albuquerque—and constrained supply, especially in new or modern apartment stock. Many renters are competing for units, pushing landlords to raise rents or reduce concessions. Currently, the median rent across all residential types in Rio Rancho sits around $1,997/month.

Apartment listings

Below are some recent listing examples.

Odyssey Apartments 

• Studio/1 Bath
• Sq Ft: 443
• $949

River Walk at Puerta de Corrales 

• 1 Bed/1 Bath
• Sq Ft: 550
• Rent: $1255

Wintergreen Luxury Apartments

• 2 Bed/2 Bath
• Sq Ft: 1,203
• Rent: $1,900

Via Verde Apartments

• 3 Bed/2.5 Bath
• Sq Ft: 1476
• Rent: $2,450

Blue Agave Villas

• Studio/1 Bath
• Sq Ft: 456
• $1,125

Meadow Lark Apartments

• 1 Bed/1 Bath
• Sq Ft: 675
• Rent: $1,499

Via Vista Apartments

• 2 Bed/2 Bath
• Sq Ft: 1040
• Rent: $1,705

The Links at High Resort

• 3 Bed/2 Bath
• Sq Ft: 1310
• Rent: $1,970

(Data sourced from Apartments.com)