Best Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Fair West, and Alamedan Valley. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of May 22, 2026, the average rent in Albuquerque is $1,169, which is 0.7% 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
$918/Month
Year-Over-Year Rent Change
4.1%
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Trumbull Village might be the perfect place! It has an average rent price of $918, while the city’s average stands at $1,169. In the last year, prices have increased by 4.1%. Trumbull Village is near Museum of Southwestern Biology, Albuquerque International Sunport, and Meteorite Museum.
Fair West
Average Rent
$933/Month
Year-Over-Year Rent Change
1.8%
Units Available
21 Rentals
Fair West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fair West is $933 while the city average is $1,169. This is a 1.8% difference from last year. Residents enjoy convenient access to Albuquerque International Sunport, Roosevelt Park, and Central NM C.C., Montoya.
Alamedan Valley
Average Rent
$936/Month
Year-Over-Year Rent Change
1.5%
Units Available
13 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Alamedan Valley. The average rent is $936, compared to the city average of $1,169. Rent prices have increased by 1.5%. Alamedan Valley is convenient to Univ. of Phoenix, Albuquerque, Open Space Visitor Center, and Central NM C.C., WTC.
South San Pedro
Average Rent
$948/Month
Year-Over-Year Rent Change
1.4%
Units Available
130 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
$950/Month
Units Available
12 Rentals
Laurelwoods is an affordable neighborhood in Albuquerque with an average rent price of $950. Compare this to the city average of $1,169. Laurelwoods provides easy access to Central NM C.C., Westside, University of New Mexico, and ABQ BioPark Botanic Garden.
La Mesa
Average Rent
$954/Month
Year-Over-Year Rent Change
1.6%
Units Available
24 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 $954, while the city’s average stands at $1,169. In the last year, prices have increased by 1.6%. La Mesa is near Albuquerque International Sunport, Central NM C.C., Montoya, and Central NM C.C., Adv Tech Ctr.
Supper Rock
Average Rent
$977/Month
Year-Over-Year Rent Change
8.2%
Units Available
20 Rentals
Supper Rock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Supper Rock is $977 while the city average is $1,169. This is a -8.2% difference from last year. Residents enjoy convenient access to Central NM C.C., WTC, Four Hills Village, and Franklin Plaza.
Indian Acres
Average Rent
$980/Month
Year-Over-Year Rent Change
6.9%
Units Available
14 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Indian Acres. The average rent is $980, compared to the city average of $1,169. Rent prices have decreased by 6.9%. Indian Acres is convenient to Geology Museum, Central NM C.C., Adv Tech Ctr, and Explora.
Candelmen
Average Rent
$1,008/Month
Units Available
12 Rentals
Candelmen is an affordable neighborhood in Albuquerque with an average rent price of $1,008. Compare this to the city average of $1,169. Candelmen provides easy access to Albert G. Simms Park, Geology Museum, and Central NM C.C., WTC.
Eastside
Average Rent
$1,008/Month
Year-Over-Year Rent Change
1.4%
Units Available
12 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 $1,008, while the city’s average stands at $1,169. In the last year, prices have increased by 1.4%. Eastside is near Geology Museum, Sandia Peak Tramway, and Brentwood Center.
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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.