Best Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Fair West, and Jerry Cline Park. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of November 15, 2025, the average rent in Albuquerque is $1,159, which is 0.3% 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.
Trumbull Village
Average Rent
$845/Month
Year-Over-Year Rent Change
3.8%
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 $1,159. Rent prices have increased by 3.8%. Trumbull Village is convenient to Sunrise Plaza, Central NM C.C., Albuquerque, and Central NM C.C., Adv Tech Ctr. The community is somewhat walkable with a WalkScore® of 57.
Fair West
Average Rent
$912/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
28 Rentals
Fair West is an affordable neighborhood in Albuquerque with an average rent price of $912. Compare this to the city average of $1,159. In the past year, rent prices have increased by 1.8%. Fair West provides easy access to Central NM C.C., Adv Tech Ctr, University of New Mexico, and San Pedro Plaza. It’s a walkable neighborhood with a WalkScore® of 79.
Jerry Cline Park
Average Rent
$925/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
35/100
Units Available
38 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Jerry Cline Park might be the perfect place! It has an average rent price of $925, while the city’s average stands at $1,159. In the last year, prices have decreased by 0.6%. Jerry Cline Park is near Roosevelt Park, Central NM C.C., Montoya, and Integrity Plaza.
South San Pedro
Average Rent
$953/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
43/100
Units Available
90 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.
Albuquerque Original Townsite
Average Rent
$959/Month
TransitScore® Rating
54/100
Units Available
11 Rentals
Albuquerque Original Townsite is a top choice for budget-conscious renters for a variety of reasons. The average rent in Albuquerque Original Townsite is $959 while the city average is $1,159. Residents enjoy convenient access to ABQ BioPark Zoo, Albuquerque Biological Park, and University of New Mexico. The neighborhood is considered walkable with a WalkScore® of 95.
Ridgecrest
Average Rent
$960/Month
TransitScore® Rating
35/100
Units Available
27 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Ridgecrest. The average rent is $960, compared to the city average of $1,159. Ridgecrest is convenient to UNM Observatory, Siesta Hills, and Roosevelt Park. The community is walkable with a WalkScore® of 70.
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 $1,159. Laurelwoods provides easy access to Albuquerque International Sunport, ABQ BioPark Botanic Garden, and Boca Negra Canyon. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
Snow Heights
Average Rent
$970/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
29/100
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Snow Heights might be the perfect place! It has an average rent price of $970, while the city’s average stands at $1,159. In the last year, prices have increased by 1.5%. Snow Heights is near Central NM C.C., Adv Tech Ctr, Central NM C.C., Montoya, and Roosevelt Park.
Candelmen
Average Rent
$971/Month
TransitScore® Rating
28/100
Units Available
14 Rentals
Candelmen is a top choice for budget-conscious renters for a variety of reasons. The average rent in Candelmen is $971 while the city average is $1,159. Residents enjoy convenient access to Albert G. Simms Park, Meteorite Museum, and Sandia Peak Tramway. The neighborhood is considered walkable with a WalkScore® of 80.
Eastside
Average Rent
$971/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
29/100
Units Available
14 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Eastside. The average rent is $971, compared to the city average of $1,159. Rent prices have increased by 2.5%. Eastside is convenient to Geology Museum, Meteorite Museum, and Central NM C.C., WTC. The community is walkable with a WalkScore® of 82.
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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.