There are several decent microbreweries in Alb. Marble Brewery downtown, 1st and Marble, is fairly good. Chama River, Jefferson & I25, has good food and some really good beer. Hallenbrick is a fairly small place that was getting started when I moved and they had a lot of good beer, 3817 Hawkins Rd NE. IL Vicino has a tap room close to the I40-I25 intersection, this is a new location and I have not had a chance to check it out but should be good. Turtle Mountain has great pizza and great beer, but it is in Rio Rancho to the north of Albuquerque so it could take a bit to get there.
Those were all the places I went to normally when I lived in Albuquerque, there is also Kelly's on Central by the college, but I never went there very often.
Bad A** Joos Brewhouse