Albuquerque Fair Market Rent FY 2015 Albuquerque, NM MSA Rental Data

Fair Market Rent prices in Albuquerque are very high compared to the national average. This FMR area is more expensive than 90% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albuquerque is $836 per month.

The previous year, rent for a two-bedroom home was $802 per month. This is a 4.24% increase year-over-year.

This FMR rate applies to Kirtland Afb, NM, Isleta, NM, Estancia, NM, Laguna, NM, Cedar Crest, NM, Bosque Farms, NM, Sandia Park, NM, Corrales, NM, Tijeras, NM, Edgewood, NM and other cities within the region. The Metro Code or CBSA code for this region is METRO10740M10740.

Additionally, This Fair Market Rent (FMR) area Albuquerque, NM MSA spans one county or city in New Mexico which is listed in the table below. Estimated population of Albuquerque, NM MSA FMR area is 662,564 people based on latest Census data.

Compared to the rest of New Mexico, the Albuquerque FMR area is more expensive than 93% of the state.

Median Rent Prices in Albuquerque

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: