The average asking rent for an Albuquerque apartment fell 0.4% in 2025, marking the first decline in 16 years as landlords drop prices amid competition for renters.
Albuquerque apartment rents fall for the first time in more than a decade
Landlords expand incentives as fresh supply outpaces leasing activity across metropolitan area
CoStar Analytics
January 20, 2026 | 10:17 P.M.
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