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
Hot New
327 PEARL DR NE
2 Beds, 2 Baths
Rent To Own
Vista Hills
Single Family Home
Rio Rancho, NM 87124
Built in 1986
451 CORONADO ST NE
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,310 Sqft | Built in 1920
New
5301 REVI DON DR NE
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87111
1,948 Sqft | Built in 1975
3743 RIDGE POINTE LOOP NE
2 Beds, 2 Baths
Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87111
1,490 Sqft | Built in 2004
4908 GLENWOOD HILLS DR NE
4 Beds, 3 Baths
Rent to Own Eligible
Glenwood Hills
Single Family Home
Albuquerque, NM 87111
3,381 Sqft | Built in 1982
Hot
2738 TRUMAN ST NE
3 Beds, 1 Bath
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87110
1,200 Sqft | Built in 1951
5817 LA MADERA RD NE
3 Beds, 1.5 Bath
Rent to Own Eligible
Bear Canyon
Single Family Home
Albuquerque, NM 87109
2,175 Sqft | Built in 1973
2044 GUN CLUB RD SW
3 Beds, 2 Baths
Rent to Own Eligible
Sunny Suburbs
Single Family Home
Albuquerque, NM 87105
1,500 Sqft | Built in 1952
Rent to own homes offer low monthly payments and flexible terms.
8109 OAKLAND AVE NE
3 Beds, 2.5 Baths
Rent to Own Eligible
Nor Este
Single Family Home
Albuquerque, NM 87122
1,807 Sqft | Built in 1990
813 CALLE DEL CORTE NE
3 Beds, 2 Baths
Rent to Own Eligible
La Hacienda
Single Family Home
Albuquerque, NM 87110
2,283 Sqft | Built in 1950
Hot
2711 3RD ST NW
2 Beds, 1 Bath
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87107
1,122 Sqft | Built in 1980
New
1353 WAGON TRAIN DR SE
3 Beds, 2.5 Baths
Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87123
2,335 Sqft | Built in 1973
New
6559 LOS PUEBLOS PL NW
3 Beds, 2.5 Baths
Rent to Own Eligible
Northwest Albuquerque
Townhouse/Condo
Albuquerque, NM 87114
1,930 Sqft | Built in 2005
New
1416 TANGLEWOOD PL NW
3 Beds, 2 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
2,156 Sqft | Built in 1998
New
700 LOMA LINDA PL SE
3 Beds, 3 Baths
Rent to Own Eligible
Southeast Heights
Single Family Home
Albuquerque, NM 87108
3,737 Sqft | Built in 1955
10109 CALLE BELLA NW
5 Beds, 2.5 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
2,718 Sqft | Built in 2004
New
7112 BELLROSE AVE NE
3 Beds, 2 Baths
Rent to Own Eligible
Stardust Skies Park
Single Family Home
Albuquerque, NM 87110
1,970 Sqft | Built in 1961
4907 GUADALUPE TRL NW
4 Beds, 3 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87107
3,777 Sqft | Built in 1989
New
8408 VISTA CHAMISA LN SW
3 Beds, 2 Baths
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
1,420 Sqft | Built in 2001
631 TULANE DR NE
5 Beds, 2 Baths
Rent to Own Eligible
Nob Hill
Single Family Home
Albuquerque, NM 87106
2,181 Sqft | Built in 1941
10025 DEL REY RD SW
2 Beds, 1.5 Bath
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
2,096 Sqft | Built in 1972
6322 BISBEE PL NW
3 Beds, 2 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
1,996 Sqft | Built in 2000
New
1612 QUIET DESERT DR SW
2 Beds, 2 Baths
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
1,000 Sqft | Built in 1999
10908 FAIRBANKS RD NE
3 Beds, 2.5 Baths
Rent to Own Eligible
Matheson Park
Single Family Home
Albuquerque, NM 87112
1,828 Sqft | Built in 1959
223 MESILLA ST NE
3 Beds, 1 Bath
Rent to Own Eligible
La Mesa
Single Family Home
Albuquerque, NM 87108
1,227 Sqft | Built in 1945
New
918 MATADOR DR SE
4 Beds, 2.5 Baths
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87123
2,060 Sqft | Built in 1973
7425 MAPLEWOOD DR NW
4 Beds, 3 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
3,934 Sqft | Built in 1987
New
6137 THUNDERBIRD CIR NW
4 Beds, 2.5 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
2,774 Sqft | Built in 1992
11600 ZINFANDEL AVE NE
6 Beds, 3.5 Baths
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87122
6,755 Sqft | Built in 2004
231 SOUTHERN AVE SE
2 Beds, 1 Bath
Rent to Own Eligible
South Broadway
Single Family Home
Albuquerque, NM 87102
829 Sqft | Built in 1936
New
9800 WOODLAND AVE NE
3 Beds, 1 Bath
Rent to Own Eligible
Candelmen
Single Family Home
Albuquerque, NM 87112
1,311 Sqft | Built in 1954
711 TRAMWAY PL NE #3
3 Beds, 3 Baths
Rent to Own Eligible
Sandia Heights South
Townhouse/Condo
Albuquerque, NM 87122
2,076 Sqft | Built in 1995
New
10813 RALPH AVE NE
2 Beds, 1 Bath
Rent to Own Eligible
Princess Jeanne
Single Family Home
Albuquerque, NM 87112
780 Sqft | Built in 1954
New
409 COLUMBIA DR SE
3 Beds, 1 Bath
Rent to Own Eligible
University Heights
Single Family Home
Albuquerque, NM 87106
875 Sqft | Built in 1941
9216 AUTUMN ROSE DR NE
4 Beds, 3 Baths
Rent to Own Eligible
Nor Este
Single Family Home
Albuquerque, NM 87113
3,648 Sqft | Built in 2004
10401 CHAPARRO DR NW
4 Beds, 2.5 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
2,518 Sqft | Built in 1999
3124 BRIAN MEADOWS PL NW
3 Beds, 2 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
1,824 Sqft | Built in 2000
1721 SILVER AVE SE
3 Beds, 1 Bath
Rent to Own Eligible
Silver Hill
Single Family Home
Albuquerque, NM 87106
1,410 Sqft | Built in 1921
1826 MORNINGSIDE DR NE
3 Beds, 2.5 Baths
Rent to Own Eligible
Altura Addition
Single Family Home
Albuquerque, NM 87110
1,668 Sqft | Built in 1956
24 WIND RD NW
4 Beds, 2.5 Baths
Rent to Own Eligible
Northwest Albuquerque
Townhouse/Condo
Albuquerque, NM 87120
2,423 Sqft | Built in 2004
3648 VISTA GRANDE DR NW
4 Beds, 2 Baths
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
3,067 Sqft | Built in 1961
11117 DESERT CLASSIC LN NE
4 Beds, 3.5 Baths
Rent to Own Eligible
Tanoan East
Single Family Home
Albuquerque, NM 87111
3,741 Sqft | Built in 1990
3016 DARLA CT SW
3 Beds, 2 Baths
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87121
1,925 Sqft | Built in 1979
452 GRACELAND DR SE
4 Beds, 2 Baths
Rent to Own Eligible
Nob Hill
Single Family Home
Albuquerque, NM 87108
2,464 Sqft | Built in 1955
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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 2023 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 2023 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!

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