Most Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are South San Pedro, Netherwood Park, and Montgomery Plaza. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of February 26, 2025, the average rent in Albuquerque is $1,158, which is 2.8% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
South San Pedro
Average Rent
$926/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
43/100
Units Available
70 Rentals
Home to Wilson Park and several affordable dining options, South San Pedro offers renters a convenient location and affordable prices. Nearby, The Downs Racetrack & Casino provides entertainment just minutes away.
Netherwood Park
Average Rent
$1,032/Month
Year-Over-Year Rent Change
9.2%
TransitScore® Rating
30/100
Units Available
59 Rentals
Netherwood Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Netherwood Park is $1,032 while the city average is $1,158. This is a -9.2% difference from last year. Residents enjoy convenient access to Meteorite Museum, The Altura Shops, and University of New Mexico. The neighborhood is considered car-dependent with a WalkScore® of 46.
Montgomery Plaza
Average Rent
$1,036/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
34/100
Units Available
47 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Montgomery Plaza. The average rent is $1,036, compared to the city average of $1,158. Rent prices have decreased by 0.3%. Montgomery Plaza is convenient to Rio Grande Community Farm, UNM Observatory, and Central NM C.C., WTC. The community is somewhat walkable with a WalkScore® of 57.
Midtown Albuquerque
Average Rent
$1,058/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
29/100
Units Available
111 Rentals
Known for its central location, Midtown Albuquerque places renters near Coronado Center and a host of other shopping destinations. The neighborhood boasts numerous parks and green spaces, perfect for outdoor enthusiasts.
East Albuquerque
Average Rent
$1,209/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
37/100
Units Available
921 Rentals
East Albuquerque attracts renters with its close proximity to attractions like the National Museum of Nuclear Science & History. This vast section of the city includes several smaller neighborhoods like Nob Hill, La Hacienda, and Summit Park. East Albuquerque is home to the University of New Mexico, adding a college town vibe to the area.
Downtown Albuquerque
Average Rent
$1,257/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
45/100
Units Available
45 Rentals
Historic Route 66 runs through Downtown Albuquerque, leading to some of the city’s most-loved destinations, including a variety of cafes, restaurants, and the KiMo Theater. Downtown is also home to the Albuquerque Convention Center, along with several hotels, shops, and entertainment venues.
Del Norte
Average Rent
$1,323/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
34/100
Units Available
61 Rentals
Situated on the northeast side of Albuquerque, Del Norte features a variety of dining and shopping options in a beautiful setting. This desert neighborhood has fantastic views of the Sandia Mountains. Its strategic location ensures quick commutes and convenient living for renters, situated just over seven miles from downtown.
Academy Acres North
Average Rent
$1,348/Month
Year-Over-Year Rent Change
8.3%
TransitScore® Rating
28/100
Units Available
53 Rentals
Academy Acres North, with its easy access to the Arroyo del Oso Golf Course, appeals to those who love recreational activities. The neighborhood offers an array of affordable rental options. Shoppers will appreciate nearby retail centers and grocery stores.
Seven Bar Ranch
Average Rent
$1,360/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
25/100
Units Available
81 Rentals
Seven Bar Ranch is an affordable neighborhood in Albuquerque with an average rent price of $1,360. Compare this to the city average of $1,158. In the past year, rent prices have increased by 3.1%. Seven Bar Ranch provides easy access to Univ. of Phoenix, Albuquerque, Cottonwood Commons, and Albuquerque Balloon Museum. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
Mesa Del Oso/Promenade
Average Rent
$1,363/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
29/100
Units Available
125 Rentals
Mesa Del Oso/Promenade is north of Kirtland Air Force Base and west of Sandia Park, a popular hiking destination. Residents enjoy a variety of dining and shopping options within walking distance. The area's scenic beauty and friendly vibe make it a desirable place to call home.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.