Cheapest Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, Foothill Estates, and Supper Rock. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of July 6, 2026, the average rent in Albuquerque is $1,182, which is 0.9% 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
$908/Month
Year-Over-Year Rent Change
3.2%
Units Available
28 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Trumbull Village. The average rent is $908, compared to the city average of $1,182. Rent prices have increased by 3.2%. Trumbull Village is convenient to 8001-8009 Central Ave NE, Central NM C.C., Albuquerque, and Sunrise Plaza.
Foothill Estates
Average Rent
$916/Month
Year-Over-Year Rent Change
1.8%
Units Available
11 Rentals
Foothill Estates is an affordable neighborhood in Albuquerque with an average rent price of $916. Compare this to the city average of $1,182. In the past year, rent prices have decreased by 1.8%. Foothill Estates provides easy access to Albuquerque Crossroads Shopping Center, Central NM C.C., WTC, and Albert G. Simms Park.
Supper Rock
Average Rent
$945/Month
Year-Over-Year Rent Change
9.1%
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Supper Rock might be the perfect place! It has an average rent price of $945, while the city’s average stands at $1,182. In the last year, prices have decreased by 9.1%. Supper Rock is near Central NM C.C., Albuquerque, Meteorite Museum, and Central NM C.C., WTC.
Corte De Paz
Average Rent
$948/Month
Year-Over-Year Rent Change
2.5%
Units Available
21 Rentals
Corte De Paz is a top choice for budget-conscious renters for a variety of reasons. The average rent in Corte De Paz is $948 while the city average is $1,182. This is a 2.5% difference from last year. Residents enjoy convenient access to Meteorite Museum, Albert G. Simms Park, and Albuquerque Crossroads Shopping Center.
Laurelwoods
Average Rent
$950/Month
Units Available
12 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Laurelwoods. The average rent is $950, compared to the city average of $1,182. Laurelwoods is convenient to Wal Mart Anchored, ABQ BioPark Botanic Garden, and The Shops At Unser & 98th Street.
Monterey Manor
Average Rent
$954/Month
Year-Over-Year Rent Change
3.7%
Units Available
21 Rentals
Monterey Manor is an affordable neighborhood in Albuquerque with an average rent price of $954. Compare this to the city average of $1,182. In the past year, rent prices have decreased by 3.7%. Monterey Manor provides easy access to Meteorite Museum, UNM Observatory, and Geology Museum.
South San Pedro
Average Rent
$957/Month
Year-Over-Year Rent Change
2.6%
Units Available
91 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.
La Mesa
Average Rent
$963/Month
Year-Over-Year Rent Change
1.2%
Units Available
20 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 $963, while the city’s average stands at $1,182. In the last year, prices have increased by 1.2%. La Mesa is near UNM Observatory, Central NM C.C., Adv Tech Ctr, and Albuquerque International Sunport.
Chelwood Vista
Average Rent
$973/Month
Year-Over-Year Rent Change
0.9%
Units Available
12 Rentals
Chelwood Vista is a top choice for budget-conscious renters for a variety of reasons. The average rent in Chelwood Vista is $973 while the city average is $1,182. This is a 0.9% difference from last year. Residents enjoy convenient access to Albert G. Simms Park, Monterey Plaza, and Albuquerque International Sunport.
City View Estates
Average Rent
$994/Month
Year-Over-Year Rent Change
3.3%
Units Available
17 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out City View Estates. The average rent is $994, compared to the city average of $1,182. Rent prices have increased by 3.3%. City View Estates is convenient to Four Hills Village, Sandia Peak Tramway, and Albert G. Simms Park.
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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.