Best Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are La Mesa, Corte De Paz, and Monterey Manor. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of February 15, 2026, the average rent in Albuquerque is $1,154, which is 0.9% lower 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.
La Mesa
Average Rent
$854/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
41/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, La Mesa might be the perfect place! It has an average rent price of $854, while the city’s average stands at $1,154. In the last year, prices have increased by 1.1%. La Mesa is near Central NM C.C., Montoya, Central NM C.C., Adv Tech Ctr, and Central NM C.C., Albuquerque.
Corte De Paz
Average Rent
$893/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
34/100
Units Available
17 Rentals
Corte De Paz is a top choice for budget-conscious renters for a variety of reasons. The average rent in Corte De Paz is $893 while the city average is $1,154. This is a 6.3% difference from last year. Residents enjoy convenient access to Roosevelt Park, Albuquerque Crossroads Shopping Center, and Geology Museum. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Monterey Manor
Average Rent
$893/Month
Year-Over-Year Rent Change
10.2%
TransitScore® Rating
29/100
Units Available
17 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Monterey Manor. The average rent is $893, compared to the city average of $1,154. Rent prices have decreased by 10.2%. Monterey Manor is convenient to Juan Tabo Square, Roosevelt Park, and UNM Observatory. The community is walkable with a WalkScore® of 77.
Fair West
Average Rent
$921/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
43/100
Units Available
19 Rentals
Fair West is an affordable neighborhood in Albuquerque with an average rent price of $921. Compare this to the city average of $1,154. In the past year, rent prices have increased by 1.7%. Fair West provides easy access to San Pedro Plaza, Roosevelt Park, and Meteorite Museum. It’s a walkable neighborhood with a WalkScore® of 79.
Supper Rock
Average Rent
$923/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
38/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Supper Rock might be the perfect place! It has an average rent price of $923, while the city’s average stands at $1,154. In the last year, prices have increased by 2.1%. Supper Rock is near Albert G. Simms Park, Central NM C.C., Albuquerque, and Geology Museum.
Ridgecrest
Average Rent
$945/Month
TransitScore® Rating
35/100
Units Available
34 Rentals
Ridgecrest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ridgecrest is $945 while the city average is $1,154. Residents enjoy convenient access to Geology Museum, Central NM C.C., Albuquerque, and Parkland Shopping Center. The neighborhood is considered walkable with a WalkScore® of 70.
Alamedan Valley
Average Rent
$956/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
0/100
Units Available
10 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Alamedan Valley. The average rent is $956, compared to the city average of $1,154. Rent prices have increased by 1.2%. Alamedan Valley is convenient to Piedras Marcadas Canyon, Open Space Visitor Center, and Acequia De Corrales. The community is car-dependent with a WalkScore® of 29.
South San Pedro
Average Rent
$962/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
43/100
Units Available
108 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.
Laurelwoods
Average Rent
$964/Month
TransitScore® Rating
4/100
Units Available
10 Rentals
Laurelwoods is an affordable neighborhood in Albuquerque with an average rent price of $964. Compare this to the city average of $1,154. Laurelwoods provides easy access to Boca Negra Canyon, Central NM C.C., Westside, and Heritage Marketplace. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
Albuquerque Original Townsite
Average Rent
$966/Month
TransitScore® Rating
54/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Albuquerque Original Townsite might be the perfect place! It has an average rent price of $966, while the city’s average stands at $1,154. Albuquerque Original Townsite is near University of New Mexico, Explora, and ABQ BioPark Zoo.
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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.