Rent by ZIP code in Albuquerque
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 87122 | Bernalillo County | $2,216 | +55% |
| 87113 | Bernalillo County | $2,116 | +48% |
| 87104 | Bernalillo County | $1,730 | +21% |
| 87114 | Bernalillo County | $1,710 | +20% |
| 87120 | Bernalillo County | $1,636 | +15% |
| 87121 | Bernalillo County | $1,611 | +13% |
| 87111 | Bernalillo County | $1,466 | +3% |
| 87110 | Bernalillo County | $1,434 | 0% |
| 87105 | Bernalillo County | $1,419 | -1% |
| 87106 | Bernalillo County | $1,409 | -1% |
| 87109 | Bernalillo County | $1,394 | -2% |
| 87112 | Bernalillo County | $1,387 | -3% |
| 87107 | Bernalillo County | $1,245 | -13% |
| 87123 | Bernalillo County | $1,213 | -15% |
| 87102 | Bernalillo County | $1,133 | -21% |
| 87108 | Bernalillo County | $962 | -33% |
Rent by bedroom count in Albuquerque
Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Bernalillo County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.
| Unit size | FY2027 Fair Market Rent | Change from FY2026 |
|---|---|---|
| Studio | $977 | -3.2% |
| 1 bedroom | $1,112 | -6.2% |
| 2 bedroom | $1,384 | -5.5% |
| 3 bedroom | $1,902 | -6.6% |
| 4 bedroom | $2,242 | -6.5% |
Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.
Is rent going up or down in Albuquerque?
Typical rent across Bernalillo County is $1,452 as of September 2026. That is up 1.5% from a year earlier and up 23.6% over five years.
| Year | Typical rent, Bernalillo County | Change |
|---|---|---|
| 2021 | $1,210 | +17.7% |
| 2022 | $1,329 | +9.8% |
| 2023 | $1,380 | +3.8% |
| 2024 | $1,416 | +2.6% |
| 2025 | $1,432 | +1.1% |
| 2026 (through September) | $1,452 | +1.5% |
Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.
Albuquerque rent questions
- What is the average rent in Albuquerque, NM?
- Typical asking rent in Albuquerque is $1,427 a month as of September 2026, across 16 ZIP codes. By ZIP code it runs from $962 to $2,216.
- How much is rent for a 2 bedroom in Albuquerque?
- HUD's FY2027 Fair Market Rent for a two bedroom in Bernalillo County is $1,384 a month including utilities. A one bedroom is $1,112 and a three bedroom is $1,902. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
- Is rent going up or down in Albuquerque?
- Rent is rising. Typical rent in Bernalillo County is $1,452 as of September 2026, up 1.5% from a year earlier.
- What is the cheapest ZIP code to rent in Albuquerque?
- ZIP 87108 has the lowest typical asking rent in Albuquerque at $962 a month, compared with $1,427 for the city overall.
- How much income do you need to rent in Albuquerque?
- Most landlords look for gross income of about three times the rent. At the typical Albuquerque rent of $1,427, that is about $4,281 a month, or $51,372 a year. This is a common screening rule of thumb, and individual landlords set their own.
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Albuquerque sits in the Albuquerque, NM metro area.