Best Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Corte De Paz, Monterey Manor, and Fair West. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of January 1, 2026, the average rent in Albuquerque is $1,151, which is 0.8% 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.
Corte De Paz
Average Rent
$896/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
34/100
Units Available
20 Rentals
Corte De Paz is an affordable neighborhood in Albuquerque with an average rent price of $896. Compare this to the city average of $1,151. In the past year, rent prices have increased by 0.7%. Corte De Paz provides easy access to Monterey Plaza, Roosevelt Park, and Central NM C.C., WTC. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Monterey Manor
Average Rent
$896/Month
Year-Over-Year Rent Change
17.1%
TransitScore® Rating
29/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Monterey Manor might be the perfect place! It has an average rent price of $896, while the city’s average stands at $1,151. In the last year, prices have decreased by 17.1%. Monterey Manor is near Roosevelt Park, Monterey Plaza, and Central NM C.C., Albuquerque.
Fair West
Average Rent
$911/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
24 Rentals
Fair West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fair West is $911 while the city average is $1,151. This is a 1.8% difference from last year. Residents enjoy convenient access to Central NM C.C., Albuquerque, UNM Observatory, and Central NM C.C., Adv Tech Ctr. The neighborhood is considered walkable with a WalkScore® of 79.
Supper Rock
Average Rent
$922/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
38/100
Units Available
16 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Supper Rock. The average rent is $922, compared to the city average of $1,151. Rent prices have increased by 2.7%. Supper Rock is convenient to Albuquerque International Sunport, Four Hills Village, and Central NM C.C., Montoya. The community is car-dependent with a WalkScore® of 44.
South San Pedro
Average Rent
$923/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
43/100
Units Available
93 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
$939/Month
TransitScore® Rating
37/100
Units Available
62 Rentals
Virginia Place is an affordable neighborhood in Albuquerque with an average rent price of $939. Compare this to the city average of $1,151. Virginia Place provides easy access to Willow Village, Museum of Southwestern Biology, and Central NM C.C., Albuquerque. It’s a walkable neighborhood with a WalkScore® of 76.
Albuquerque Original Townsite
Average Rent
$943/Month
TransitScore® Rating
54/100
Units Available
16 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 $943, while the city’s average stands at $1,151. Albuquerque Original Townsite is near Central @ 6th, Albuquerque International Sunport, and Central NM C.C., Sourth Valley.
Ridgecrest
Average Rent
$947/Month
TransitScore® Rating
35/100
Units Available
35 Rentals
Ridgecrest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ridgecrest is $947 while the city average is $1,151. Residents enjoy convenient access to Museum of Southwestern Biology, University of New Mexico, and Central NM C.C., Sourth Valley. The neighborhood is considered walkable with a WalkScore® of 70.
Laurelwoods
Average Rent
$964/Month
TransitScore® Rating
4/100
Units Available
10 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Laurelwoods. The average rent is $964, compared to the city average of $1,151. Laurelwoods is convenient to University of New Mexico, Wal Mart Anchored, and The Shops At Unser & 98th Street. The community is somewhat walkable with a WalkScore® of 51.
City View Estates
Average Rent
$982/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
26/100
Units Available
12 Rentals
City View Estates is an affordable neighborhood in Albuquerque with an average rent price of $982. Compare this to the city average of $1,151. In the past year, rent prices have increased by 0.5%. City View Estates provides easy access to Sandia Peak Tramway, Four Hills Village, and University of New Mexico. It’s a car-dependent neighborhood with a WalkScore® of 37.
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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.