Most Affordable Neighborhoods in Albuquerque, NM
Some of the cheapest neighborhoods in Albuquerque are Trumbull Village, La Mesa, and Loma Verde. These neighborhoods offer some of the lowest rent prices in Albuquerque, making them ideal for renters on a budget. As of June 14, 2025, the average rent in Albuquerque is $1,170, which is 1.5% 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
$915/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
39/100
Units Available
27 Rentals
Trumbull Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trumbull Village is $915 while the city average is $1,170. This is a 5.3% difference from last year. Residents enjoy convenient access to Central NM C.C., Adv Tech Ctr, Adelante Plaza, and Roosevelt Park. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
La Mesa
Average Rent
$930/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
41/100
Units Available
23 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out La Mesa. The average rent is $930, compared to the city average of $1,170. Rent prices have increased by 3%. La Mesa is convenient to Albuquerque International Sunport, Central Plaza, and Route 66 Plaza. The community is somewhat walkable with a WalkScore® of 56.
Loma Verde
Average Rent
$932/Month
TransitScore® Rating
45/100
Units Available
22 Rentals
Loma Verde is an affordable neighborhood in Albuquerque with an average rent price of $932. Compare this to the city average of $1,170. Loma Verde provides easy access to University of New Mexico, Central NM C.C., Albuquerque, and Roosevelt Park. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Ridgecrest
Average Rent
$941/Month
TransitScore® Rating
35/100
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Ridgecrest might be the perfect place! It has an average rent price of $941, while the city’s average stands at $1,170. Ridgecrest is near University of New Mexico, Central NM C.C., Sourth Valley, and UNM Observatory.
McKinley
Average Rent
$961/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
33/100
Units Available
34 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.
Supper Rock
Average Rent
$967/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
38/100
Units Available
11 Rentals
Supper Rock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Supper Rock is $967 while the city average is $1,170. This is a 2.1% difference from last year. Residents enjoy convenient access to Albuquerque International Sunport, Canyon Plaza Shopping Center, and Roosevelt Park. The neighborhood is considered car-dependent with a WalkScore® of 44.
Parkside Estates
Average Rent
$967/Month
Units Available
11 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Parkside Estates. The average rent is $967, compared to the city average of $1,170. Parkside Estates is convenient to Four Hills Village, Albuquerque Crossroads Shopping Center, and Meteorite Museum.
South San Pedro
Average Rent
$971/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
43/100
Units Available
77 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
$983/Month
TransitScore® Rating
37/100
Units Available
66 Rentals
Virginia Place is an affordable neighborhood in Albuquerque with an average rent price of $983. Compare this to the city average of $1,170. Virginia Place provides easy access to Museum of Southwestern Biology, Meteorite Museum, and UNM Observatory. It’s a walkable neighborhood with a WalkScore® of 76.
Matheson Park
Average Rent
$984/Month
TransitScore® Rating
29/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Matheson Park might be the perfect place! It has an average rent price of $984, while the city’s average stands at $1,170. In the last year, prices have increased by 0%. Matheson Park is near Meteorite Museum, Central NM C.C., WTC, and Sandia Peak Tramway.
Ready to make your move to Albuquerque? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.