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
419 MONROE ST NE
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Rent To Own
Highland Business
Townhouse/Condo
Albuquerque, NM 87108
1
1
33000 ft2
1960
1 of 51 7601, 7605 Edith Boulevard Ne
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Rent To Own
 
Single Family Home
Albuquerque, NM 87113
4
3
2632 ft2
1946
12608 COPPER AVE NE
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Rent To Own
 
Multifamily (5+ Units)
Albuquerque, NM 87123
2
2
3000 ft2
1977
308 RECODO PL
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Rent To Own
 
Single Family Home
Rio Communities, NM 87002
3
2
2231 ft2
1974
1 of 23 10713 LAGRANGE PARK DR NE
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Rent to Own Eligible
Towne Park
Single Family Home
Albuquerque, NM 87123
3
2
1936 ft2
1987
1 of 36 2328 PENN AVE SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
2
1255 ft2
2014
1923 SILVER DOLLAR ST SE
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Rent to Own Eligible
Juan Tabo Hills West
Single Family Home
Albuquerque, NM 87123
5
3
2741 ft2
2020
1 of 17 1109 ARIZONA ST SE
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Rent to Own Eligible
Elder Homstead
Townhouse/Condo
Albuquerque, NM 87108
2
1
9400 ft2
1971
2731 SANTA CRUZ AVE SE
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Rent to Own Eligible
Victory Hills
Single Family Home
Albuquerque, NM 87106
2
1
1108 ft2
1947
2900 WILLIAM ST SE
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Rent to Own Eligible
San Jose
Single Family Home
Albuquerque, NM 87102
3
2
1114 ft2
1991
1324 SPENCE AVE SE
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Rent to Own Eligible
Kirtland Community
Single Family Home
Albuquerque, NM 87106
3
1
1300 ft2
1951
1500 BUENA VISTA DR SE
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Rent to Own Eligible
Clayton Heights-Lomas Del Cielo
Single Family Home
Albuquerque, NM 87106
3
2
1172 ft2
1950
1 of 41 630 MONROE ST SE
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Rent to Own Eligible
Parkland Hills
Single Family Home
Albuquerque, NM 87108
4
3
2980 ft2
1966
1042 BUENA VISTA DR SE
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Rent to Own Eligible
Clayton Heights-Lomas Del Cielo
Single Family Home
Albuquerque, NM 87106
2
1
819 ft2
1947
5723 BOURKE-WHITE DR SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
4
3
2429 ft2
2012
1027 TRUMAN ST SE
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Rent to Own Eligible
Parkland Hills
Townhouse/Condo
Albuquerque, NM 87108
1
1
5500 ft2
1955
1 of 40 901 PRINCETON DR SE
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Rent to Own Eligible
Victory Hills
Single Family Home
Albuquerque, NM 87106
3
2
1057 ft2
1946
5528 Wood Road SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
4
3
2079 ft2
2024
Hot
604 ORTIZ DR SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87108
3
1
1467 ft2
1953
300 SMITH AVE SE
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Rent to Own Eligible
San Jose
Single Family Home
Albuquerque, NM 87102
2
1
868 ft2
1925
432 LA VEGA DR SW
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
2
1
1880 ft2
1945
1 of 33 2215 BROADWAY BLVD SE
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Rent to Own Eligible
San Jose
Single Family Home
Albuquerque, NM 87102
2
1
1014 ft2
1992
540 CAGUA DR SE
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Rent to Own Eligible
South San Pedro
Single Family Home
Albuquerque, NM 87108
2
1
1072 ft2
1950
1 of 21 1911 ANDERSON PL SE
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Rent to Own Eligible
Parkland Hills
Single Family Home
Albuquerque, NM 87108
2
1
905 ft2
1952
1923 ROBERTSON RD SW
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
4
2
2062 ft2
1946
New
5327 LA COLONIA DR NW
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Rent to Own Eligible
Northwest Albuquerque
Townhouse/Condo
Albuquerque, NM 87120
3
3
1874 ft2
1999
6012 Strand Loop SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
3
2
1828 ft2
2020
11000 LAGRANGE PARK DR NE
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Rent to Own Eligible
Towne Park
Single Family Home
Albuquerque, NM 87123
3
2
1632 ft2
1992
1 of 30 10404 SCHENLEY PARK DR NE
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Rent to Own Eligible
Towne Park
Single Family Home
Albuquerque, NM 87123
2
2
1431 ft2
1985
New
4123 71st Street Street NW
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Rent to Own Eligible
Ladera Heights
Single Family Home
Albuquerque, NM 87120
3
2
1293 ft2
1986
Hot
905 MADEIRA DR SE
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Rent to Own Eligible
 
Townhouse/Condo
Albuquerque, NM 87108
2
1
935 ft2
1979
817 ALVARADO DR SE
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Rent to Own Eligible
South San Pedro
Single Family Home
Albuquerque, NM 87108
2
1
899 ft2
1949
135 CONCHAS ST NE
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Rent to Own Eligible
South Los Altos
Single Family Home
Albuquerque, NM 87123
2
1
1038 ft2
1971
707 RIVERSIDE DR SW
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
1
1
1100 ft2
1941
2408 CUNNINGHAM AVE SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
3
2408 ft2
2012
910 IDLEWILDE LN SE
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Rent to Own Eligible
Southeast Heights
Single Family Home
Albuquerque, NM 87108
3
5
5602 ft2
1962
1312 JACKSON ST SE
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Rent to Own Eligible
Parkland Hills
Single Family Home
Albuquerque, NM 87108
3
2
1715 ft2
1956
315 TEXAS ST SE
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Rent to Own Eligible
Trumbull Village
Single Family Home
Albuquerque, NM 87108
3
2
1568 ft2
1962
2124 Bobby Foster Road SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
2
1440 ft2
2024
5506 Wood Road SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
2
1440 ft2
2024
1 of 34 1215 DAKOTA ST SE
MORE DETAILS +
Rent to Own Eligible
Siesta Hills
Single Family Home
Albuquerque, NM 87108
4
2
2340 ft2
1955
1134 TONY SANCHEZ DR SE
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Rent to Own Eligible
Willow Wood
Single Family Home
Albuquerque, NM 87123
3
2
1726 ft2
1996
5510 Wood Road SE
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Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
2
2
1251 ft2
2024
448 SAN PABLO ST SE
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Rent to Own Eligible
Trumbull Village
Single Family Home
Albuquerque, NM 87108
2
2
1656 ft2
1962
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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 2025 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 2025 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!