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 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 300
451 CORONADO ST NE
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,310 Sqft | Built in 1920
436 GENERAL CHENNAULT ST NE
2 Beds, 1 Bath
Rent To Own
South Los Altos
Single Family Home
Albuquerque, NM 87123
832 Sqft | Built in 1950
5500 SALVADOR RD SW
2 Beds, 1 Bath
Rent To Own
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87105
2,896 Sqft | Built in 1975
Hot
1 of 10 10105 CONSTITUTION AVE NE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87112
1,608 Sqft | Built in 1955
Hot
1 of 12 10501 SAN JACINTO AVE NE
3 Beds, 2 Baths
Rent To Own
Princess Jeanne
Single Family Home
Albuquerque, NM 87112
1,263 Sqft | Built in 1957
1 of 36 10500 ARVILLA AVE NE
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87111
1,790 Sqft | Built in 1968
Hot
1 of 6 1824 PITT ST NE
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87112
2,750 Sqft | Built in 1953
1 of 25 212 Shawnee Court South East
2 Beds, 1.5 Bath
Rent To Own
Trumbull Village
Multifamily (2 - 4 Units)
Albuquerque, NM 87108
1,174 Sqft | Built in 1983
Rent to own homes offer low monthly payments and flexible terms.
1 of 33 8809 ROBIN AVE NE
3 Beds, 2 Baths
Rent To Own
Bellehaven
Single Family Home
Albuquerque, NM 87112
2,375 Sqft | Built in 1964
146 N Wisconsin St NE #5
2 Beds, 1 Bath
Rent To Own
La Mesa
Single Family Home
Albuquerque, NM 87108
3,485 Sqft | Built in 1938
Hot
9504 BOTTS ST SE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albuquerque, NM 87123
840 Sqft | Built in 1982
1300 GARCIA ST NE
3 Beds, 2 Baths
Rent To Own
Mesa Village
Single Family Home
Albuquerque, NM 87112
1,500 Sqft | Built in 1955
8728 AZTEC RD NE
4 Beds, 2 Baths
Rent To Own
La Sala Grande
Single Family Home
Albuquerque, NM 87111
1,765 Sqft | Built in 1962
520 VERMONT ST NE
2 Beds, 1 Bath
Rent To Own
La Mesa
Single Family Home
Albuquerque, NM 87108
640 Sqft | Built in 1950
2124 MURIEL ST NE
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87112
2,358 Sqft | Built in 1958
1553 DENNISON RD SW
3 Beds, 1 Bath
Rent To Own
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87105
898 Sqft | Built in 1946
1 of 13 1926 TRUMAN ST NE
3 Beds, 2 Baths
Rent To Own
Sandia Ridge
Single Family Home
Albuquerque, NM 87110
1,916 Sqft | Built in 1953
1 of 14 4212 MESA GRANDE PL SE
4 Beds, 2.5 Baths
Rent To Own
Nob Hill
Multifamily (5+ Units)
Albuquerque, NM 87108
2,210 Sqft | Built in 1952
1 of 10 7453 Skycourt Circle
2 Beds, 1 Bath
Rent To Own
Zuni
Multifamily (2 - 4 Units)
Albuquerque, NM 87110
1,086 Sqft | Built in 1951
Hot
1 of 16 7911 MORROW AVE NE
5 Beds, 2 Baths
Rent To Own
Inez
Single Family Home
Albuquerque, NM 87110
2,024 Sqft | Built in 1950
636 SAN PEDRO DR SE
3 Beds, 3 Baths
Rent To Own
South San Pedro
Multifamily (5+ Units)
Albuquerque, NM 87108
2,400 Sqft | Built in 1950
5301 MADEIRA PL NE #D
2 Beds, 1 Bath
Rent To Own
Montogmery Park
Townhouse/Condo
Albuquerque, NM 87110
768 Sqft | Built in 1964
725 LOUISIANA BLVD SE
3 Beds, 1 Bath
Rent To Own
South San Pedro
Single Family Home
Albuquerque, NM 87108
1,250 Sqft | Built in 1951
1 of 18 1709 ANDERSON PL SE
2 Beds, 1 Bath
Rent To Own
Parkland Hills
Single Family Home
Albuquerque, NM 87108
948 Sqft | Built in 1949
1 of 60 2625 GEORGENE DR NE
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87112
2,260 Sqft | Built in 1976
801 MARTINGALE LN SE
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87123
3,331 Sqft | Built in 1967
1 of 30 3620 MONTE VISTA BLVD NE
3 Beds, 2 Baths
Rent To Own
Nob Hill
Single Family Home
Albuquerque, NM 87106
1,594 Sqft | Built in 1941
Hot
203 ISLETA BLVD SW
3 Beds, 1 Bath
Rent To Own
 
Multifamily (5+ Units)
Albuquerque, NM 87105
976 Sqft | Built in 1940
4917 WATERCRESS DR NE
4 Beds, 2 Baths
Rent To Own
Wildflower Area
Single Family Home
Albuquerque, NM 87113
1,445 Sqft | Built in 1987
219 CENTRAL AVE NW #305
1 Bed, 3 Baths
Rent To Own
Northwest Albuquerque
Townhouse/Condo
Albuquerque, NM 87102
1,388 Sqft
4113 6TH ST NW
5 Beds, 3 Baths
Rent To Own
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87107
2,300 Sqft | Built in 1940
3008 10TH ST NW
5 Beds, 4 Baths
Rent To Own
Northwest Albuquerque
Multifamily (5+ Units)
Albuquerque, NM 87107
3,241 Sqft | Built in 1940
219 CENTRAL AVE NW #306
2 Beds, 3 Baths
Rent To Own
Northwest Albuquerque
Townhouse/Condo
Albuquerque, NM 87102
1,558 Sqft
8800 HAMPTON AVE NE
4 Beds, 3 Baths
Rent To Own
Vineyard Estates
Single Family Home
Albuquerque, NM 87122
2,316 Sqft | Built in 2005
1 of 34 8860 DESERT FOX WAY NE
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87122
2,400 Sqft | Built in 2004
1316 LA MORA LN SW
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Albuquerque, NM 87105
1,984 Sqft | Built in 1965
1 of 18 9148 RIO GALISTEO PL NW
4 Beds, 4 Baths
Rent To Own
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
2,950 Sqft | Built in 2007
1 of 33 7116 ALAMILLO RD NW
7 Beds, 4.5 Baths
Rent To Own
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
4,200 Sqft | Built in 2007
5605 DRAKE AVE NW
4 Beds, 2 Baths
Rent To Own
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87114
1,564 Sqft | Built in 1961
Hot
720 58TH ST NW
3 Beds, 2 Baths
Rent To Own
Northwest Albuquerque
Single Family Home
Albuquerque, NM 87105
1,420 Sqft | Built in 1967
140 Casita Vista Place Northwest
3 Beds, 2.5 Baths
Rent To Own
Northwest Albuquerque
Multifamily (2 - 4 Units)
Albuquerque, NM 87105
1,700 Sqft | Built in 1985
6225 FORSYTHE RD SW
4 Beds, 2 Baths
Rent To Own
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
1,600 Sqft | Built in 1959
16 Silver Hills Rd SE
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Albuquerque, NM 87123
1,902 Sqft | Built in 1989
Hot
1 of 30 1601 VERIDIAN DR SE
4 Beds, 2.5 Baths
Rent To Own
Cabezon
Single Family Home
Rio Rancho, NM 87124
2,812 Sqft | Built in 2006
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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 -100% 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 home price data is currently unavailable.

Median Rent in Albuquerque, NM

Median rent data is currently unavailable.
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!

Albuquerque, NM Frequently Asked Questions

Albuquerque, NM has a walk score of

Albuquerque, NM has a bike score of

The state tax rate is 1.7 to 5.9% on top of the federal tax rate of 10 to 37%.

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