Rent to own Homes in Albuquerque, NM

The city, named after the Duke of Albuquerque, was founded as a town under Spanish rule in 1706, but its roots go back to 2000 B.C. The mountainous area near a bend in the Rio Grande River was a perfect spot to start a settlement - the flowing water provided irrigation for the crops, and the higher terrain offered protection from outsiders. In 1821, the city fell under Mexican rule when Mexico gained its independence from Spain. The railroads brought an influx of new settlers to Albuquerque in 1880, and then it was incorporated as an official town in 1885 and as a city in 1891. In 1912, when New Mexico became the 47th U.S. state, Albuquerque finally became an American city.

Modern-day Albuquerque is a bustling city with a population of 560,513, encompassing 187.73 square miles. It is the most populous municipality in New Mexico and 32nd in the United States. What began as a primarily Hispanic area now has a mix of races and nationalities within its borders. But the city still takes pride in its origins and honors its heritage during its many cultural fiestas and festivals throughout the year.

Albuquerque, NM is a great place for affordable rent-to-own homes! With a median household income of over $53,936 and a median rent of $889, the Albuquerque, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Albuquerque, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Albuquerque, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
451 CORONADO ST NE
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
2
2
1310 ft2
1920
932 MANZANO ST NE
Rent to Own Eligible
Pueblo Alto
Single Family Home
Albuquerque, NM 87110
3
2
1392 ft2
1953
1013 WASHINGTON ST SE
Rent to Own Eligible
Parkland Hills
Single Family Home
Albuquerque, NM 87108
3
2
1879 ft2
1945
1 of 36 12309 SUMMER AVE NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87112
3
2
1907 ft2
1973
205 GLENRIDGE PARK LN NE
Rent to Own Eligible
Canyon Acres
Townhouse/Condo
Albuquerque, NM 87123
4
3
1778 ft2
2002
615 WELLESLEY DR NE
Rent to Own Eligible
Nob Hill
Single Family Home
Albuquerque, NM 87106
3
2
1335 ft2
1948
1019 TOMASITA ST NE
Rent to Own Eligible
Princess Jeanne
Single Family Home
Albuquerque, NM 87112
3
2
1148 ft2
1954
Hot
324 VALVERDE DR SE
Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87108
3
2
2484 ft2
2006
1501 FLORIDA ST NE
Rent to Own Eligible
Uptown
Single Family Home
Albuquerque, NM 87110
4
2
2706 ft2
1963
New
2917 ESPANOLA ST NE
Rent to Own Eligible
Classic Uptown
Single Family Home
Albuquerque, NM 87110
4
3
2244 ft2
1963
724 NAKOMIS DR NE
Rent to Own Eligible
Chelwood Vista
Single Family Home
Albuquerque, NM 87123
3
2
1102 ft2
1971
9444 ALLANDE RD NE
Rent to Own Eligible
Heritage East
Single Family Home
Albuquerque, NM 87109
4
4
2445 ft2
1988
New
8211 PICKARD AVE NE
Rent to Own Eligible
Sandia High School Area
Single Family Home
Albuquerque, NM 87110
3
3
2786 ft2
1965
11301 HAINES AVE NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87112
2
1
1264 ft2
1958
1100 TURNER DR NE
Rent to Own Eligible
Ciudad Vista
Single Family Home
Albuquerque, NM 87123
3
2
1846 ft2
1977
New
543 DEAN DR SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
3
2
1467 ft2
2003
10924 LAGRANGE PARK DR NE
Rent to Own Eligible
Towne Park
Single Family Home
Albuquerque, NM 87123
4
2
2025 ft2
1991
4020 AVENIDA LA RESOLANA NE
Rent to Own Eligible
La Resolana
Single Family Home
Albuquerque, NM 87110
4
4
2731 ft2
1952
9914 4th St NW
Rent to Own Eligible
Alamedan Valley
Single Family Home
Albuquerque, NM 87114
3
1
1270 ft2
1970
4427 PRAIRIE LOFT WAY NE
Rent to Own Eligible
Glenwood Hills
Townhouse/Condo
Albuquerque, NM 87111
3
3
1858 ft2
2007
New
180 BIG HORN RIDGE DR NE
Rent to Own Eligible
Sandia Heights South
Single Family Home
Albuquerque, NM 87122
4
3
2805 ft2
1972
New
11117 DESERT CLASSIC LN NE
Rent to Own Eligible
Tanoan East
Single Family Home
Albuquerque, NM 87111
4
4
3741 ft2
1990
9116 VILLAGE AVE NE
Rent to Own Eligible
North Albuquerque Acres
Single Family Home
Albuquerque, NM 87122
3
3
2049 ft2
2004
New
3803 3RD ST NW
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87107
2
1
819 ft2
1998
10424 MORNING STAR DR NE
Rent to Own Eligible
Estates At Tanoan
Single Family Home
Albuquerque, NM 87111
4
4
3418 ft2
1996
Hot
3 CALLE DE LA NOCHE NE
Rent to Own Eligible
Academy Acres North
Townhouse/Condo
Albuquerque, NM 87109
3
3
1378 ft2
1974
Hot
1924 GIRARD BLVD NE
Rent to Own Eligible
Netherwood Park
Single Family Home
Albuquerque, NM 87106
4
3
3070 ft2
1946
2301 VALLE DEL SOL CT SW
Rent to Own Eligible
South Atrisco
Single Family Home
Albuquerque, NM 87105
3
2
2147 ft2
1965
New
2340 WYOMING BLVD NE
Rent to Own Eligible
Hoffmantown
Single Family Home
Albuquerque, NM 87112
3
2
2079 ft2
1950
1 of 31 6623 MESA VIEW DR SW
Rent to Own Eligible
Western Terrace
Single Family Home
Albuquerque, NM 87121
4
2
1662 ft2
1964
1 of 101 10643 BIG SPRINGS ST SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
4
3
2272 ft2
2007
1802 EDITH BLVD SE
Rent to Own Eligible
South Broadway
Single Family Home
Albuquerque, NM 87102
2
1
1058 ft2
1930
New
11436 WOODMAR LN NE
Rent to Own Eligible
Academy Ridge East
Single Family Home
Albuquerque, NM 87111
4
3
2781 ft2
1994
New
9901 INNISKILLIN AVE SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
4
4
2370 ft2
2006
11605 BALDWIN AVE NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87112
3
2
1584 ft2
1958
6824 ISLETA BLVD SW
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
2
1
984 ft2
1936
New
1715 SIRIUS AVE SW
Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87105
2
2
973 ft2
1979
39 TIERRA MONTE ST NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87122
3
4
4583 ft2
1984
232 57TH ST NW
Rent to Own Eligible
West Mesa
Single Family Home
Albuquerque, NM 87105
2
1
1389 ft2
1946
820 SALIDA SANDIA SW
Rent to Own Eligible
Mountain View
Single Family Home
Albuquerque, NM 87105
3
3
4320 ft2
1993
11600 ZINFANDEL AVE NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87122
6
4
6755 ft2
2004
6304 CANTERBURY NE
Rent to Own Eligible
Tanoan Comm
Townhouse/Condo
Albuquerque, NM 87111
2
3
1563 ft2
1993
New
10109 BLUME ST NE
Rent to Own Eligible
Candelmen
Single Family Home
Albuquerque, NM 87112
3
2
1196 ft2
1954
New
3533 RIO GRANDE BLVD NW #A
Rent to Own Eligible
Rio Grande Blvd
Single Family Home
Albuquerque, NM 87107
3
2
2762 ft2
2012
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Buying a Home in Albuquerque, NM

Albuquerque, NM is seeing rapid growth and Albuquerque, NM's' housing market remains optimal with an average home price that is -6% below the 2024 national average. Albuquerque, NM is part of Bernalillo county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Bernalillo is 0.81% which is below the national average, which is 0.99%.

Median Home Price in Albuquerque, NM

Median Rent in Albuquerque, NM

Rent to own homes offer low monthly payments and flexible terms.

Average Cost of Living in Albuquerque

Albuquerque's average cost of living is nearly 3% higher than average for New Mexico, but it is almost 9% lower than the U.S. average. Expenses vary by municipality, with a wide range of living costs in the area. For example, Los Lunas abuts Albuquerque to the south and is 7.3% lower, while Santa Fe, to the north, is 24.3% more expensive. Overall, Albuquerque is an affordable place to live, especially for a major city.

Average Home Prices in Albuquerque

The median cost of a home in Albuquerque is $203,500, which is a little more than $10,000 higher than New Mexico's average of $193,200 and $27,700 more than the U.S. average. These prices are very good for the area. You can find much lower or higher housing prices in neighboring cities. In South Valley, homes go for an average of $154,000, and the median cost for a house in Corrales is $425,600. For a municipality of its size with a growing economy, Albuquerque's housing prices are excellent. There are also many rent-to-own options available for sale in the city.

Albuquerque Statistics

If you're interested in Albuquerque rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Albuquerque statistics compared to the U.S. national average.

Albuquerque Averages National Averages
One-Way Commute 21.3 minutes 26.4 minutes
Violent Crime 51.0 22.7
Property Crime 85.3 35.4
Unemployment Rate 5.1% 3.9%
Income Tax Rate 4.9% 4.6%
Air Quality 60 58
Water Quality 47 55
Median Household Income $47,413 $53,482
Median Property Taxes $1,500 $2,200
Utilities $140/month $112/month
Monthly Rent $920 $1,470
Median Home Cost $203,500 $231,200
Median Home Age 37 years 40 years

Popular Amenities and Attractions in Albuquerque

The Albuquerque International Balloon Fiesta should be high on your to-do list if you're anywhere near the city during October. People attending enjoy the event's exciting, vibrant atmosphere. For nine days in a row, hundreds of hot air balloons decorate the sky with their beautiful colors and designs. Plenty of food, drinks, music, contests, and competitions make this a fun event you'll never forget.

There is so much appeal to the undeveloped portions of Albuquerque. If you're an avid hiker, try the 8-9 mile La Luz Trail up the Sandia Mountains and enjoy a breathtaking panoramic view of the city. When you get to the top, you can sit down to a meal at the Ten 3 restaurant and take an overhead tram back down the mountain.

Even if you have a few weeks to spare, it won't be enough to cover the entire 1,625,542 acres of Cibola National Forest, parts of which are within Albuquerque. You can watch a variety of hawks, enjoy the wildlife and foliage, go fishing or hunting, camping, and downhill skiing during the winter. Look hard enough, and you'll find prehistoric ruins, Indian homes, and even ice caves.

Even the developed parts of the city have lots of charm. Historic Old Town has buildings that date back to the late 1700s. You'll find more than 150 shops and galleries there, and restaurants offering cuisine from various cultures. Live outdoor performances are typical on Wednesday through Sunday at the Old Town Plaza, and you can always take a guided historical tour around the area. Within walking distance from Old Town, you can visit the Turquoise Museum, the American International Rattlesnake Museum, the Explora Science Museum, the Albuquerque Museum, and the New Mexico Museum of Natural History and Science.

Albuquerque is the economic center of New Mexico, with many thriving industries in the city. Some of them include aerospace and aviation, manufacturing, solar technology, renewable energy, microsystems and nanotechnology, semiconductors and electronics, software, cybersecurity, directed energy, optics, and photonics. These industries are cutting edge and provide an excellent job base for the city and the entire state of New Mexico. Employment, culture, and heritage - Albuquerque has it all. Take advantage of one of the city's rent-to-own opportunities, and you can have it all, too. If an exciting city that celebrates its culture and heritage sounds right for you, check out Albuquerque's large variety of rent-to-own homes for sale. No matter your background, you'll fit right in!