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.

Check out 296 Albuquerque, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Photo
Listing Type
Description
Price
Details
1300 Garcia St NE
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87112
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Hot
520 Vermont St NE
Rent To Own
3 Beds, 1 Bath
Albuquerque, NM 87108
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636 San Pedro Dr SE
Rent To Own
3 Beds, 3 Baths
Albuquerque, NM 87108
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1 of 60 2625 Georgene Dr NE
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87112
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1 of 30 3620 Monte Vista Blvd NE
Rent To Own
2 Beds, 2 Baths
Albuquerque, NM 87106
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1 of 35 1331 Park Ave SW Unit 1501
Rent To Own
3 Beds, 3 Baths
Albuquerque, NM 87102
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4917 Watercress Dr NE
Rent To Own
4 Beds, 2 Baths
Albuquerque, NM 87113
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4113 6th St NW
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87107
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1316 La Mora Ln SW
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87105
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1 of 18 9148 Rio Galisteo Pl NW
Rent To Own
4 Beds, 3.5 Baths
Albuquerque, NM 87114
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1 of 33 7116 Alamillo Rd NW
Rent To Own
5 Beds, 3.5 Baths
Albuquerque, NM 87114
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Hot
720 58th St NW
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87105
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140 Casita Vista Place Northwest
Rent To Own
3 Beds, 2.5 Baths
Albuquerque, NM 87105
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5500 Salvador Rd SW
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87105
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Hot
1 of 16 7911 Morrow Ave NE
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87110
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1 of 10 7453 Skycourt Circle
Rent To Own
2 Beds, 1 Bath
Albuquerque, NM 87110
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1 of 14 4212 Mesa Grande Pl SE
Rent To Own
4 Beds, 2 Baths
Albuquerque, NM 87108
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1 of 13 1926 Truman St NE
Rent To Own
4 Beds, 2 Baths
Albuquerque, NM 87110
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Hot
1 of 10 10105 Constitution Ave NE
Rent To Own
3 Beds, 1 Bath
Albuquerque, NM 87112
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1 of 36 10500 Arvilla Ave NE
Rent To Own
3 Beds, 2 Baths
Albuquerque, NM 87111
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Hot
1 of 12 10501 San Jacinto Ave NE
Rent To Own
2 Beds, 2 Baths
Albuquerque, NM 87112
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Hot
1 of 6 1824 Pitt St NE
Rent To Own
2 Beds, 2 Baths
Albuquerque, NM 87112
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Hot
1 of 30 1601 Veridian Dr SE
Rent To Own
4 Beds, 2.5 Baths
Rio Rancho, NM 87124
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1 of 17 2354 Elizabeth Ann Rd NE
Rent To Own
3 Beds, 2 Baths
Rio Rancho, NM 87144
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1 of 27 1755 Mesa Grande Loop NE
Rent To Own
4 Beds, 2.5 Baths
Rio Rancho, NM 87144
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3325 Hunters Meadows Cir NE
Rent To Own
4 Beds, 2.5 Baths
Rio Rancho, NM 87144
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Hot
1 of 5 3821 Tranquil Meadows Dr NE
Rent To Own
3 Beds, 2 Baths
Rio Rancho, NM 87144
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Hot
1 of 19 La Vista Grande
Rent To Own
3 Beds, 2 Baths
Sandia Park, NM 87047
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Hot
1 of 16 7433 Ottawa Ct NE
Rent To Own
3 Beds, 2 Baths
Rio Rancho, NM 87144
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1 of 7 6031 Magnet Rd NE
Rent To Own
3 Beds, 2 Baths
Rio Rancho, NM 87144
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2 Goodheart Rd
Rent To Own
3 Beds, 2 Baths
Los Lunas,, NM 87031
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Hot
1 of 69 5 Teypana Ct
Rent To Own
3 Beds, 2.5 Baths
Tijeras, NM 87059
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1 of 72 14 San Pedro Ln
Rent To Own
2 Beds, 2 Baths
Edgewood, NM 87015
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1 of 7 44 East Marshall
Rent To Own
4 Beds, 3 Baths
Mcintosh, NM 87032
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705 Poplar St
Rent To Own
3 Beds, 2 Baths
Moriarty, NM 87035
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609 Georgia St SE
REO Foreclosure
3 Beds, 2 Baths
Albuquerque, NM 87108
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416 Grove St SE
REO Foreclosure
4 Beds, 2 Baths
Albuquerque, NM 87108
Click to Register & View
933 Madeira Dr SE
Pre-Foreclosure (Lis Pendens)
2 Beds, 1 Bath
Albuquerque, NM 87108
Click to Register & View
922 Ortiz Dr SE
REO Foreclosure
2 Beds, 1 Bath
Albuquerque, NM 87108
Click to Register & View
812 Valencia Dr NE
Pre-Foreclosure (Lis Pendens)
3 Beds, 2 Baths
Albuquerque, NM 87108
Click to Register & View
4605 Palo Duro Ave NE
REO Foreclosure
3 Beds, 2 Baths
Albuquerque, NM 87110
Click to Register & View
3108 Ortiz Dr NE
Pre-Foreclosure (Lis Pendens)
4 Beds, 2 Baths
Albuquerque, NM 87110
Click to Register & View
Hot
1 of 38 6231 Mossman Pl NE
REO Foreclosure
3 Beds, 3 Baths
Albuquerque, NM 87110
Click to Register & View
New
2224 Rio Grande Blvd NW
Pre-Foreclosure (Lis Pendens)
2 Beds, 1 Bath
Albuquerque, NM 87104
Click to Register & View
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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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