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 December 31, 2025, 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 a top choice for budget-conscious renters for a variety of reasons. The average rent in Corte De Paz is $896 while the city average is $1,151. This is a 0.7% difference from last year. Residents enjoy convenient access to Manzano Shopping Center, Geology Museum, and Central NM C.C., WTC. The neighborhood is considered somewhat walkable 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
When you’re looking for a great Albuquerque neighborhood on a budget, check out Monterey Manor. The average rent is $896, compared to the city average of $1,151. Rent prices have decreased by 17.1%. Monterey Manor is convenient to Central NM C.C., Montoya, Roosevelt Park, and Albuquerque International Sunport. The community is walkable with a WalkScore® of 77.
Fair West
Average Rent
$911/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
24 Rentals
Fair West is an affordable neighborhood in Albuquerque with an average rent price of $911. Compare this to the city average of $1,151. In the past year, rent prices have increased by 1.8%. Fair West provides easy access to San Pedro Plaza, UNM Observatory, and Albuquerque International Sunport. It’s a walkable neighborhood 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
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 $922, while the city’s average stands at $1,151. In the last year, prices have increased by 2.7%. Supper Rock is near Four Hills Village, UNM Observatory, and Geology Museum.
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 a top choice for budget-conscious renters for a variety of reasons. The average rent in Virginia Place is $939 while the city average is $1,151. Residents enjoy convenient access to Central NM C.C., Montoya, Central NM C.C., Sourth Valley, and Albuquerque International Sunport. The neighborhood is considered walkable with a WalkScore® of 76.
Albuquerque Original Townsite
Average Rent
$943/Month
TransitScore® Rating
54/100
Units Available
16 Rentals
When you’re looking for a great Albuquerque neighborhood on a budget, check out Albuquerque Original Townsite. The average rent is $943, compared to the city average of $1,151. Albuquerque Original Townsite is convenient to New Mexico Museum of Natural History, Central NM C.C., Sourth Valley, and Central @ 6th. The community is walkable with a WalkScore® of 95.
Ridgecrest
Average Rent
$947/Month
TransitScore® Rating
35/100
Units Available
35 Rentals
Ridgecrest is an affordable neighborhood in Albuquerque with an average rent price of $947. Compare this to the city average of $1,151. Ridgecrest provides easy access to Albuquerque International Sunport, Central NM C.C., Albuquerque, and Roosevelt Park. It’s a walkable neighborhood with a WalkScore® of 70.
Laurelwoods
Average Rent
$964/Month
TransitScore® Rating
4/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Albuquerque, Laurelwoods might be the perfect place! It has an average rent price of $964, while the city’s average stands at $1,151. Laurelwoods is near University of New Mexico, ABQ BioPark Botanic Garden, and Albuquerque International Sunport.
City View Estates
Average Rent
$982/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
26/100
Units Available
12 Rentals
City View Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in City View Estates is $982 while the city average is $1,151. This is a 1.8% difference from last year. Residents enjoy convenient access to Skyview Center, Sandia Peak Tramway, and Central NM C.C., Albuquerque. The neighborhood is considered car-dependent 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.