Logo Albuquerque Fair Market Rent FY 2024 Albuquerque, NM MSA Rental Data

Fair Market Rent Prices in Albuquerque, NM :
$828 $1,005 $1,222 $1,722 $2,064
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Albuquerque are high compared to the national average. This FMR area is more expensive than 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Albuquerque is $1,222 per month.

The previous year, rent for a two-bedroom home was $1,144 per month. This is a 6.82% 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 679,037 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.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Albuquerque. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

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.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 890
1-BR 1-Bedroom $ 1080
2-BR 2-Bedroom $ 1313
3-BR 3-Bedroom $ 1850
4-BR 4-Bedroom $ 2218
Change Year:

There is just one county (listed below) within the Albuquerque, NM MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albuquerque - Santa Fe.

County / Region Est. Population
Albuquerque, NM Metro 679,037
Zip Codes in Albuquerque, NM MSA

There are 52 unique zip codes in this Fair Market Rent (FMR) area:

87008, 87015, 87016, 87022, 87026, 87047, 87048, 87059, 87068, 87101, 87102, 87103, 87104, 87105, 87106, 87107, 87108, 87109, 87110, 87111, 87112, 87113, 87114, 87116, 87117, 87119, 87120, 87121, 87122, 87123, 87124, 87125, 87131, 87144, 87151, 87153, 87154, 87176, 87181, 87184, 87185, 87187, 87190, 87191, 87192, 87193, 87194, 87195, 87196, 87197, 87198 and 87199

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