$1,800 Per Month
- 1 Bed
- 1.5 Baths
- 1,033 Sq Ft
- Townhouse for Rent
343 Platinum St SW Unit B, Albuquerque, NM 87102
343 Platinum St SW Unit B, Albuquerque, NM 87102
Frequently Asked Questions
How much does it cost to rent a home in Albuquerque, NM?
The median rent for a home in Albuquerque, NM is $1,850 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Albuquerque, NM?
To comfortably afford the median rent in Albuquerque, NM, a household needs to earn roughly $74,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,850 per month in Albuquerque, NM, renters typically need to show $5,550 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Albuquerque, NM?
In Albuquerque, NM, the price-to-rent ratio is 16.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Albuquerque, NM are best for renting a home?
The best neighborhood for renting in Albuquerque, NM depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Huning Castle, Downtown Albuquerque, West Mesa, Broadway Central Corridor and Sycamore, each with its own character and price range.
