Most Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are South San Pedro, McKinley, and Netherwood Park. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of March 16, 2025, the average rent in Albuquerque is $1,158, which is 2.9% 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
$938/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
43/100
Units Available
73 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.
McKinley
Average Rent
$957/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
33/100
Units Available
45 Rentals
McKinley, nestled in the heart of Albuquerque, offers easy access to popular spots like McKinley Community Center. Local eateries and shops line the streets, making everyday errands a joy. The neighborhood's affordability and charm are key draws for renters.
Netherwood Park
Average Rent
$1,031/Month
Year-Over-Year Rent Change
9.3%
TransitScore® Rating
30/100
Units Available
46 Rentals
Netherwood Park is an affordable neighborhood in Albuquerque with an average rent price of $1,031. Compare this to the city average of $1,158. In the past year, rent prices have decreased by 9.3%. Netherwood Park provides easy access to Meteorite Museum, Central NM C.C., Montoya, and Central NM C.C., Adv Tech Ctr. It’s a car-dependent neighborhood with a WalkScore® of 46.
Midtown Albuquerque
Average Rent
$1,066/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
29/100
Units Available
114 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
$1,223/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
37/100
Units Available
893 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.
Academy Acres North
Average Rent
$1,345/Month
Year-Over-Year Rent Change
9.5%
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.
Del Norte
Average Rent
$1,357/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
34/100
Units Available
54 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.
Downtown Albuquerque
Average Rent
$1,359/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
45/100
Units Available
55 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.
Seven Bar Ranch
Average Rent
$1,366/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
25/100
Units Available
85 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Seven Bar Ranch might be the perfect place! It has an average rent price of $1,366, while the city’s average stands at $1,158. In the last year, prices have increased by 1.9%. Seven Bar Ranch is near Albuquerque Balloon Museum, Shops 528, and Univ. of Phoenix, Albuquerque.
Mesa Del Oso/Promenade
Average Rent
$1,381/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
29/100
Units Available
139 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.