Most Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Fair West, and Foothill Estates. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of September 30, 2025, the average rent in Albuquerque is $1,162, which is 0.7% 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.
Trumbull Village
Average Rent
$845/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
39/100
Units Available
11 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Trumbull Village. The average rent is $845, compared to the city average of $1,162. Rent prices have decreased by 0.9%. Trumbull Village is convenient to Roosevelt Park, Geology Museum, and Adelante Plaza. The community is somewhat walkable with a WalkScore® of 57.
Fair West
Average Rent
$894/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
43/100
Units Available
26 Rentals
Fair West is an affordable neighborhood in Albuquerque with an average rent price of $894. Compare this to the city average of $1,162. In the past year, rent prices have increased by 2.1%. Fair West provides easy access to Roosevelt Park, UNM Observatory, and 213-245 San Pedro Drive. It’s a walkable neighborhood with a WalkScore® of 79.
Foothill Estates
Average Rent
$897/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
35/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Foothill Estates might be the perfect place! It has an average rent price of $897, while the city’s average stands at $1,162. In the last year, prices have decreased by 3.6%. Foothill Estates is near Albert G. Simms Park, Central NM C.C., Albuquerque, and Roosevelt Park.
Ridgecrest
Average Rent
$899/Month
TransitScore® Rating
35/100
Units Available
25 Rentals
Ridgecrest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ridgecrest is $899 while the city average is $1,162. Residents enjoy convenient access to Central NM C.C., Albuquerque, Meteorite Museum, and Central NM C.C., Sourth Valley. The neighborhood is considered walkable with a WalkScore® of 70.
South San Pedro
Average Rent
$915/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
43/100
Units Available
95 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.
Virginia Place
Average Rent
$917/Month
TransitScore® Rating
37/100
Units Available
63 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Virginia Place. The average rent is $917, compared to the city average of $1,162. Virginia Place is convenient to Albuquerque International Sunport, Geology Museum, and UNM Observatory. The community is walkable with a WalkScore® of 76.
Supper Rock
Average Rent
$951/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
38/100
Units Available
20 Rentals
Supper Rock is an affordable neighborhood in Albuquerque with an average rent price of $951. Compare this to the city average of $1,162. In the past year, rent prices have decreased by 0.3%. Supper Rock provides easy access to Meteorite Museum, Franklin Plaza, and Roosevelt Park. It’s a car-dependent neighborhood with a WalkScore® of 44.
McKinley
Average Rent
$961/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
33/100
Units Available
36 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.
Laurelwoods
Average Rent
$964/Month
TransitScore® Rating
4/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Laurelwoods might be the perfect place! It has an average rent price of $964, while the city’s average stands at $1,162. Laurelwoods is near Tingley Beach, Albuquerque International Sunport, and Wal Mart Anchored.
Carlisle Plaza
Average Rent
$976/Month
TransitScore® Rating
29/100
Units Available
41 Rentals
Carlisle Plaza is a top choice for budget-conscious renters for a variety of reasons. The average rent in Carlisle Plaza is $976 while the city average is $1,162. Residents enjoy convenient access to Central NM C.C., Adv Tech Ctr, Central NM C.C., Albuquerque, and Roosevelt Park. The neighborhood is considered walkable with a WalkScore® of 77.
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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.