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min read

Albuquerque Market Rental Trends Report

Relocity's rental trends report shows you how the nation’s major rental markets stack up and reveals 2024 pricing trends.

Apartment rental prices in Albuquerque increased slightly in 2023 (.2%) which was lower than the 9.3% increase in 2022. Due to high demand and the Albuquerque market’s apartment supply shortage, rental rates in 2024 will remain stable or increase slightly. Albuquerque typically experiences a peak in rental prices over the summer months, but the 40 apartment complexes under construction in Albuquerque this year should ease supply issues.

Description

Apartment Options

Allasso Journal Center
• Studio/1ba
• Sq Ft: 702
• Rent: $1,524

Circ
• 1bed/1bath
• Sq Ft: 796
• Rent: $1,408

Olympus Encantada
• 2bed/2bath
• Sq Ft: 1,308
• Rent: $2,097

Links at High Resort
• 3bed/3bath
• Sq Ft: 1,310
• Rent: $1,780

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