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Property Rentals in Albuquerque

Looking for a rental in Albuquerque? Whether you need a house, condo, or apartment, we help tenants find quality rental properties in the right neighborhoods at the right price. We also assist property owners looking to lease their investment properties.

Albuquerque Rental Market Overview

Albuquerque's rental market offers strong options across every price point and neighborhood. Rental demand has increased in recent years due to population growth, rising home prices, and an influx of remote workers and corporate transferees choosing Albuquerque for its affordability and quality of life. Despite this demand, rental rates remain well below national averages for comparable properties.

Types of Rentals Available

  • Single-family homes — The most popular rental type in Albuquerque, with single-story homes and two-story homes available in every neighborhood
  • Condos and townhomesCondos and townhomes in established communities, often with amenities like pools and fitness centers
  • Apartments — From studios to multi-bedroom units in complexes throughout the metro area
  • Casitas and guest houses — Smaller detached rentals common in Albuquerque's established neighborhoods, particularly the North Valley and Nob Hill

Popular Rental Neighborhoods

Northeast Heights — Family-friendly with excellent schools and shopping. Rental homes range from $1,200 to $2,500/month.

West Side / Rio Rancho — Newer homes with modern floor plans. Many recently built rental properties. Rents from $1,100 to $2,200/month.

Nob Hill / UNM Area — Walkable urban living popular with young professionals. Diverse rental stock from vintage casitas to modern apartments.

North Valley — Established, tree-lined streets with character homes. Rentals range from $1,300 to $2,800/month.

For Tenants: Our Rental Search Process

We start by understanding your priorities — location, budget, commute, pet requirements, and move-in timeline. Using MLS and our network of property owners, we identify rental properties that match your criteria, schedule showings, and assist with the application process.

For Property Owners: Leasing Services

If you own a rental property in Albuquerque, we provide tenant placement services including professional photography, MLS and online listing syndication, applicant screening, lease preparation, and move-in coordination. Our goal is to find qualified tenants quickly and minimize vacancy time.

Daria Derebera

Daria Derebera

Licensed Real Estate Agent

3+
Years Experience
10+
Transactions
GAAR MLS Member

Frequently Asked Questions

What is the average rent in Albuquerque?
Average rents in Albuquerque range from $900 to $1,200 for apartments and $1,200 to $2,000 for single-family homes, depending on size, neighborhood, and condition. Premium properties and luxury rentals command higher rates.
What do I need to apply for a rental?
Most landlords require proof of income (typically 3x monthly rent), a credit check, rental history, government-issued ID, and an application fee. Some properties accept co-signers if your income or credit doesn't meet requirements.
Are pets allowed in Albuquerque rentals?
Many Albuquerque rental properties accept pets, though breed restrictions and pet deposits are common. We can filter our search specifically for pet-friendly properties so you find homes that welcome your animals.
Should I rent or buy in Albuquerque?
It depends on your timeline, financial situation, and plans. If you plan to stay 3+ years and have stable income, buying is usually more cost-effective in Albuquerque. If you're here temporarily or building your savings, renting gives you flexibility while you explore.
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM