Hey flake_white,
Albuquerque is pretty small but has a pretty vibrant art scene. I would recommend looking into Downtown (between 1st and 8th centered on Central Ave.), Edo (East of Downtown AKA Huning Highlands), and the UNM/Nob Hill area. Most other areas will be like Betty Crockersville to you, I suspect.
These areas are more avant-garde and cosmopolitan regarding the types of art I see around. This scene gets considerable input and cross reference from the UNM art scene (and a lot of it tends to be 3-D so you see people's yards filled with some interesting stuff).
If you are into "southwest" art you might be interested in the Corrales scene which is a bit older and and more representative of the landscapes-***-Georgia O'Keefe-***-bronze cast of a Native-American-woman-on-a-horse-holding-a-clay-pot-of-water-while-the-moon-shines-and-the-coyote-howls cliche.
<edit> the censored words above are the Latin word "c u m". Yet another blow to Classical education. Wait a sec, can I say "blow"? </edit>
Regarding cars: I live car-free in the UNM area. I have groceries, laundromat, independant coffeeshops, lots of ethnic food, fine-arts performance spaces, theatres, interesting shops, half a dozen tattoo parlors, a couple of head-shops, a couple of good brewpubs, friendly neighbors, and parks within a few blocks of my house.
With the exception of out-of-town destinations (including Coralles) none of the neighborhoods I listed above will require more than a bike. In fact, they form a contiguous strip of what passes for coolness in Albuquerque and they are all linked by Rapid-Ride (bus).
If you live almost anywhere else in Albuquerque you will certainly need a car unless you are a dedicated bicyclist or have a Scooter. There are a coupke of Scooter shops in town so that is an option.
For more info on the local scen check out the online version of the weekly alternative:
alibi . august 30 - september 5, 2007
ABQConvict