Most Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Fair West, South San Pedro, and Ridgecrest. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Albuquerque is $1,170, which is 1.8% 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.
Fair West
Average Rent
$885/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Fair West might be the perfect place! It has an average rent price of $885, while the city’s average stands at $1,170. In the last year, prices have increased by 1.8%. Fair West is near UNM Observatory, Central NM C.C., Adv Tech Ctr, and Albuquerque International Sunport.
South San Pedro
Average Rent
$931/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
43/100
Units Available
109 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.
Ridgecrest
Average Rent
$934/Month
TransitScore® Rating
35/100
Units Available
39 Rentals
Ridgecrest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ridgecrest is $934 while the city average is $1,170. Residents enjoy convenient access to Albuquerque International Sunport, Central NM C.C., Sourth Valley, and UNM Observatory. The neighborhood is considered walkable with a WalkScore® of 70.
Virginia Place
Average Rent
$944/Month
TransitScore® Rating
37/100
Units Available
78 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Virginia Place. The average rent is $944, compared to the city average of $1,170. Virginia Place is convenient to Roosevelt Park, Museum of Southwestern Biology, and Albuquerque International Sunport. The community is walkable with a WalkScore® of 76.
Supper Rock
Average Rent
$962/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
38/100
Units Available
12 Rentals
Supper Rock is an affordable neighborhood in Albuquerque with an average rent price of $962. Compare this to the city average of $1,170. In the past year, rent prices have decreased by 3%. Supper Rock provides easy access to University of New Mexico, Meteorite Museum, and Franklin Plaza. It’s a car-dependent neighborhood with a WalkScore® of 44.
Parkside Estates
Average Rent
$962/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Parkside Estates might be the perfect place! It has an average rent price of $962, while the city’s average stands at $1,170. Parkside Estates is near Geology Museum, Four Hills Village, and Central NM C.C., Montoya.
Laurelwoods
Average Rent
$964/Month
TransitScore® Rating
4/100
Units Available
12 Rentals
Laurelwoods is a top choice for budget-conscious renters for a variety of reasons. The average rent in Laurelwoods is $964 while the city average is $1,170. Residents enjoy convenient access to University of New Mexico, Petroglyph National Monument, and Albuquerque Aquarium. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Matheson Park
Average Rent
$966/Month
TransitScore® Rating
29/100
Units Available
14 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Matheson Park. The average rent is $966, compared to the city average of $1,170. Rent prices have increased by 0%. Matheson Park is convenient to Albert G. Simms Park, Albuquerque International Sunport, and Meteorite Museum. The community is walkable with a WalkScore® of 83.
Candelmen
Average Rent
$1,004/Month
TransitScore® Rating
28/100
Units Available
10 Rentals
Candelmen is an affordable neighborhood in Albuquerque with an average rent price of $1,004. Compare this to the city average of $1,170. Candelmen provides easy access to University of New Mexico, Geology Museum, and Meteorite Museum. It’s a walkable neighborhood with a WalkScore® of 80.
Eastside
Average Rent
$1,004/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
29/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Eastside might be the perfect place! It has an average rent price of $1,004, while the city’s average stands at $1,170. In the last year, prices have increased by 5%. Eastside is near Foothills Shopping Center, Geology Museum, and Brentwood Center.
Ready to make your move to Albuquerque? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.