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 440
6734 MILPA ALTA RD NE
Rent To Own
Tampico
Single Family Home
Rio Rancho, NM 87144
3
2
2 ft2
2022
451 CORONADO ST NE
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
2
2
1310 ft2
1920
1 of 38 3900 CALLE CASTANO NE
Rent to Own Eligible
Glenwood Hills South Casa Grande
Single Family Home
Albuquerque, NM 87111
3
2
2390 ft2
1980
4860 PETRA POINTE CIR NW
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87120
4
3
2342 ft2
2005
New
997 LYNX LOOP NE
Rent to Own Eligible
Sandia Heights South
Single Family Home
Albuquerque, NM 87122
4
2
3050 ft2
1978
10615 PRESTWICK NE
Rent to Own Eligible
Tanoan East
Single Family Home
Albuquerque, NM 87111
4
4
3522 ft2
1991
5417 COLLEENS WAY NE
Rent to Own Eligible
Eisenhower Area
Single Family Home
Albuquerque, NM 87111
3
2
2589 ft2
1990
New
10436 CASADOR DEL OSO NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87111
3
2
1703 ft2
1984
New
10628 CUEVA DEL OSO NE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87111
3
2
1272 ft2
1987
New
2186 CATTAIL WILLOW AVE NE
Rent to Own Eligible
Sandia Heights South
Single Family Home
Albuquerque, NM 87122
3
2
1912 ft2
1996
New
2710 CHRISTINE ST NE
Rent to Own Eligible
Candelmen
Single Family Home
Albuquerque, NM 87112
3
2
1408 ft2
1954
New
1 of 38 3711 CHAPALA DR NE
Rent to Own Eligible
San Gabriel
Single Family Home
Albuquerque, NM 87111
5
3
3249 ft2
1965
6225 COORS BLVD SW
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87121
3
1
1508 ft2
1946
3150 RIO BRAVO BLVD SW
Rent to Own Eligible
Sun Star
Single Family Home
Albuquerque, NM 87105
3
4
2874 ft2
1997
232 57TH ST NW
Rent to Own Eligible
West Mesa
Single Family Home
Albuquerque, NM 87105
2
1
1389 ft2
1946
2515 KIMBERLY CT NW
Rent to Own Eligible
West Bluff
Single Family Home
Albuquerque, NM 87120
4
2
1651 ft2
1971
1635 CORTE DEL SOL NW
Rent to Own Eligible
West Mesa
Single Family Home
Albuquerque, NM 87105
4
3
1826 ft2
2005
2300 ROSENDO GARCIA RD SW
Rent to Own Eligible
South Atrisco
Single Family Home
Albuquerque, NM 87105
3
2
1992 ft2
1967
1 of 35 2220 SEA FOAM ST NW
Rent to Own Eligible
S.r. Marmon
Single Family Home
Albuquerque, NM 87120
4
2
2248 ft2
2001
2304 TOMPIRO DR NW
Rent to Own Eligible
Los Volcanes
Single Family Home
Albuquerque, NM 87120
3
2
1258 ft2
1996
1629 CLIFFSIDE DR NW
Rent to Own Eligible
West Mesa
Townhouse/Condo
Albuquerque, NM 87105
3
2
2198 ft2
1994
Hot New
517 59TH ST SW
Rent to Own Eligible
Alamosa
Single Family Home
Albuquerque, NM 87121
2
1
1306 ft2
1960
New
403 62ND ST NW
Rent to Own Eligible
West Mesa
Single Family Home
Albuquerque, NM 87105
4
2
1473 ft2
1977
New
5420 RED MESA AVE SW
Rent to Own Eligible
Crestview Bluff
Single Family Home
Albuquerque, NM 87105
4
3
1905 ft2
2005
New
6301 SUNRAY RD NW
Rent to Own Eligible
S.r. Marmon
Single Family Home
Albuquerque, NM 87120
3
3
1612 ft2
1997
8209 GUADALUPE TRL NW #A
Rent to Own Eligible
 
Single Family Home
Los Ranchos, NM 87114
3
1
3094 ft2
1966
9444 ALLANDE RD NE
Rent to Own Eligible
Heritage East
Single Family Home
Albuquerque, NM 87109
4
4
2445 ft2
1988
2600 VERANDA RD NW
Rent to Own Eligible
Rio Grande Blvd
Single Family Home
Albuquerque, NM 87107
3
2
1939 ft2
1956
1 of 68 6208 LOFTUS AVE NE
Rent to Own Eligible
Del Norte
Single Family Home
Albuquerque, NM 87109
3
2
1833 ft2
1966
1119 ROADRUNNER LN NW
Rent to Own Eligible
 
Single Family Home
Los Ranchos, NM 87107
4
3
2792 ft2
1974
1 of 136 4105 PALACIO REAL AVE NW
Rent to Own Eligible
Taylor Ranch
Single Family Home
Albuquerque, NM 87120
3
2
2641 ft2
2005
4407 12TH ST NW
Rent to Own Eligible
Los Griegos
Single Family Home
Albuquerque, NM 87107
3
1
2102 ft2
1946
509 BELROSE AVE NW
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87107
2
1
890 ft2
1987
7022 STARSHINE ST NE
Rent to Own Eligible
Estates At Tanoan
Single Family Home
Albuquerque, NM 87111
4
3
4436 ft2
1995
1 of 66 8421 GUADALUPE TRL NW
Rent to Own Eligible
 
Single Family Home
Los Ranchos, NM 87114
4
3
4104 ft2
1992
283 BAZAN LOOP
Rent to Own Eligible
Northwest Albuquerque
Single Family Home
Corrales, NM 87048
5
4
5060 ft2
2006
3861 MONTGOMERY BLVD NE
Rent to Own Eligible
Hodgin
Townhouse/Condo
Albuquerque, NM 87109
3
2
1172 ft2
1972
7933 ACADEMY TRL NE
Rent to Own Eligible
Arroyo Del Oso North
Single Family Home
Albuquerque, NM 87109
4
3
2946 ft2
1973
6500 CATHY AVE NE
Rent to Own Eligible
Academy Acres North
Single Family Home
Albuquerque, NM 87109
3
2
2014 ft2
1972
10015 IRBID RD NE
Rent to Own Eligible
Quintessence
Single Family Home
Albuquerque, NM 87122
3
2
1944 ft2
1998
10124 GUTIERREZ RD NE
Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87111
2
2
1148 ft2
1989
5814 TOKAY ST NE
Rent to Own Eligible
Vineyard
Single Family Home
Albuquerque, NM 87107
2
2
2179 ft2
1948
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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!