Apartments in North Albuquerque Acres

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112
$6,500
Albuquerque, NM
4 BR | Available Now
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Storage
Dishwasher
Pool
Fireplace
24
$3,500
Albuquerque, NM
4 BR | Available Now
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24
$2,499
Albuquerque, NM
3 BR | Available Now
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Air Conditioning
Storage
Dishwasher
$2,600
Albuquerque, NM
2 BR | Available Now
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Dog Friendly
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22
$3,300
Albuquerque, NM
3 BR | Jul. 3, 2024
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Dishwasher
$1,795
Albuquerque, NM
3 BR | Available Now
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20
$1,353 - 1,861
10700 Academy Road Ne Albuquerque, NM
1 - 3 BR | Available Now
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Luxury
Air Conditioning
Covered Parking
21
$1,359 - 1,760
10700 Academy Road Ne Albuquerque, NM
1 - 2 BR | Jun. 6, 2024
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Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
$2,500
8704 Plymouth Rock Rd NE Albuquerque, NM
3 BR | Available Now
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Albuquerque:
June Rent Report

Welcome to the June 2024 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2024 key findings and figures for the Albuquerque rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Albuquerque and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Albuquerque average rent prices in the chart below.

Monthly Rent Report

$1,300
$980
$650
$330
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Albuquerque Rent Prices Increase From May to June

Albuquerque rent prices increased over the last month. From May to June, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Albuquerque one-bedroom apartments currently stands at $875.0.

When we take a look at the two-bedroom comparison from May to June, Albuquerque experienced a 0.89% increase for the price of a two-bedroom apartment. The rent price for a Albuquerque two-bedroom apartments currently stands at $1,135.0.

June Prices: Albuquerque vs. Surrounding Areas

Rio Rancho, NM
Albuquerque, NM
$1,738
$874
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Albuquerque and Surrounding Areas

Rent prices have increased in Albuquerque over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Albuquerque suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Rio Rancho, NM .

  • Rents did not decrease in any of the Albuquerque suburbs.

  • 1 suburb is currently priced higher than the city of Albuquerque.

June 2024 Pricing Trends: Albuquerque vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Albuquerque, NM
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$874
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Albuquerque Rent Prices More Affordable Than Major Cities

Rent growth in Albuquerque over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Albuquerque average rent prices appear to be relatively affordable for local residents.

The price for a Albuquerque one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Albuquerque and surrounding area rent prices, take a look at the complete data set below.

Data set for Albuquerque and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Albuquerque, NM $874.0 -1.13% $1,125.0 0.27%
Rio Rancho, NM $1,738.0 4.95% $1,900.0 -2.41%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.