Albuquerque market rental trends report

In the past 3-6 months, Albuquerque’s rental market has seen a modest increase of about 3-5%. Demand remains steady, driven by an influx of remote workers and retirees looking for affordable alternatives to more expensive markets. The city's relatively low cost of living continues to make it attractive for renters. As of Q2 2025, the median rent in Albuquerque is $1,290 per month.

Rio Rancho

Over the past 3 months, Rio Rancho has seen a moderate increase in rental prices across all apartment types. Compared to 6 months ago, median rents rose by approximately 5.7% for studios, 2% for 1-bedrooms, 7.6% for 2-bedrooms, and 22.9% for 3-bedrooms. The sharp rise in 3-bedroom rents may reflect growing demand for larger living spaces or limited inventory in the market. The median rental price across all unit types is approximately $1,570 per month.

Apartment listings

Below are some recent listing examples.

Union 505

• Studio/1 Bath
• Sq Ft: 324
• $810

The Overlook Apartments 

• 1 Bed/1 Bath
• Sq Ft: 589
• Rent: $1,299

Brio Sandia

• 2 Beds/2 Baths
• Sq Ft: 1,145
• Rent: $1,495

Sun Plaza

• 3 Beds/1.5 Baths
• Sq Ft: 1,009
• Rent: $1,999

(Data sourced from Apartments.com)