Albuquerque, NM Rental Market
Albuquerque is New Mexico's largest city and economic hub, anchored by Sandia National Laboratories and Kirtland Air Force Base — major federal research and defense employers that collectively support tens of thousands of high-income jobs. The University of New Mexico adds a robust student and academic tenant base, while an expanding film production industry attracted by New Mexico's generous tax credits has brought significant creative-economy employment. Low home prices relative to rents create appealing gross yields for investors.
Get a rent estimate for an address in AlbuquerqueAverage Rent in Albuquerque, NM
$1,120
per month · 2026-06
Market Score
Key Facts — Albuquerque, NM Rental Market
- Average rent in Albuquerque, NM:$1,120/mo
- Median rent:$1,030/mo
- Rent range:$550 – $2,450/mo
- Most common rental (2 bedrooms):$975/mo
- Active listings:1,800
- Avg days to lease:33 days
- Year-over-year change:+3.5%
- Median home value:$200,000
- Est. gross annual yield:6.7%
- Data as of:2026-06
Rent by Bedroom in Albuquerque, NM
Average monthly rent for each bedroom type based on current active listings in Albuquerque.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $800/mo |
2 Bedrooms | $975/mo |
3 Bedrooms | $1,250/mo |
4 Bedrooms | $1,550/mo |
5 Bedrooms | $1,775/mo |
Albuquerque Rental Market Statistics
Key indicators from the current Albuquerque, NM rental market.
1,800
Available now in Albuquerque
33
From list to lease
$0.90
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,450
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Albuquerque, NM Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$200,000
Typical purchase price in Albuquerque
Est. Gross Annual Yield
6.7%
Before expenses & vacancy
Avg Monthly Income
$1,120
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Albuquerque for a full cash-flow breakdown including all costs.
Albuquerque, NM Rental Market FAQ
Common questions about renting and investing in Albuquerque, NM.
What is the average rent in Albuquerque, NM?
The average rent in Albuquerque, NM is $1,120 per month as of 2026. One-bedroom apartments average $800/mo, two-bedrooms average $975/mo, and three-bedroom homes average $1,250/mo. Nob Hill, the UNM district, and Northeast Heights command slightly higher rents, while the South Valley and west side neighborhoods offer the most affordable options.
Is Albuquerque, NM a good place to invest in rental property?
Albuquerque delivers a 6.7% estimated gross annual yield on a $200,000 median home value — an attractive combination for cash-flow investors. Sandia National Laboratories and Kirtland AFB generate high-income, stable tenant demand, while the UNM campus and a growing film industry (Netflix, NBCUniversal production facilities) diversify the employment base. Steady 3.5% year-over-year rent growth supports consistent returns.
How competitive is the Albuquerque, NM rental market?
Albuquerque has approximately 1,800 active listings and averages 33 days on market — a moderately paced environment. Neighborhoods near the UNM campus, Nob Hill, and the Northeast Heights tend to lease fastest due to proximity to major employers and amenities. The base housing allowance from Kirtland AFB personnel keeps demand steady in the southeast quadrant of the city throughout the year.
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