Albuquerque market rental trends report

​Over the past three to six months, Albuquerque's rental market has experienced a stabilization in rent prices, with some reports indicating slight decreases. This trend is largely attributed to an increase in housing supply, as several thousand new apartment units are currently under construction. As of March 18, 2025, the median rent for all property types in Albuquerque is $1,700.

Rio Rancho

Over the past three to six months, apartment rental prices in Rio Rancho, NM, have experienced modest fluctuations. For instance, as of February 2025, the average rent for an apartment was $1,672, marking a $27 (1.67%) increase from the previous month. These variations are largely attributed to seasonal demand shifts and a limited housing inventory, which have influenced rental rates. Currently, the median rent for apartments in Rio Rancho stands at approximately $1,502. 

Apartment listings

Below are some recent listing examples.

Union 505

• Studio/1 Bath
• Sq Ft: 324
• $821

The Overlook Apartments 

• 1 Bed/1 Bath
• Sq Ft: 589
• Rent: $1,299

Brio Sandia

• 2 Beds/2 Baths
• Sq Ft: 1,145
• Rent: $1,595

Sun Plaza

• 3 Beds/1.5 Baths
• Sq Ft: 1,009
• Rent: $1,971

(Data sourced from Apartments.com)