Rent in Albuquerque, NM
Across Albuquerque's 41 ZIP codes, a 2-bedroom typically rents for about $1,384 a month, with figures from $939–$1,754. The highest typical rent is in 87122 ($1,754) and the lowest in 87108 ($939). 17 ZIPs have ZIP-level figures from HUD or Census; the other 24 use the county Fair Market Rent. Owner-occupied homes in Bernalillo County pay about 0.90% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $977 | $589–$1,561 | 41 |
| 1 bed | $1,112 | $810–$3,500+ | 41 |
| 2 beds | $1,384 | $939–$1,754 | 41 |
| 3 beds | $1,902 | $1,135–$2,450 | 41 |
| 4 beds | $2,242 | $1,336–$3,193 | 41 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Albuquerque ZIP codes
2 beds- 87101$1,384
- 87102$1,078–$1,384
- 87103$1,384
- 87104$1,316–$1,384
- 87105$975–$1,384
- 87106$1,056–$1,384
- 87107$1,009–$1,384
- 87108$939–$1,384
- 87109$1,286–$1,384
- 87110$1,289–$1,384
- 87111$1,384–$1,565
- 87112$1,109–$1,384
- 87113$1,293–$1,384
- 87114$1,364–$1,384
- 87115$1,384
- 87116$1,384–$1,727
- 87119$1,384
- 87120$1,384–$1,410
- 87121$1,127–$1,384
- 87122$1,384–$1,754
- 87123$1,125–$1,384
- 87125$1,384
- 87131$1,384
- 87151$1,384
- 87153$1,384
- 87154$1,384
- 87176$1,384
- 87181$1,384
- 87184$1,384
- 87185$1,384
- 87187$1,384
- 87190$1,384
- 87191$1,384
- 87192$1,384
- 87193$1,384
- 87194$1,384
- 87195$1,384
- 87196$1,384
- 87197$1,384
- 87198$1,384
- 87199$1,384
Frequently asked questions
- What is the average rent for a 2-bedroom in Albuquerque, NM?
- About $1,384 a month: the median of the typical rents in 41 ZIP codes, which range from $939–$1,754. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Albuquerque, NM?
- About $1,112 a month: the median of the typical rents in 41 ZIP codes, which range from $810–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Albuquerque, NM?
- About $1,902 a month: the median of the typical rents in 41 ZIP codes, which range from $1,135–$2,450. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Albuquerque, NM?
- About $977 a month: the median of the typical rents in 41 ZIP codes, which range from $589–$1,561. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Albuquerque, NM?
- About $2,242 a month: the median of the typical rents in 41 ZIP codes, which range from $1,336–$3,193. Figures are gross rent (rent plus tenant-paid utilities).
- Which Albuquerque ZIP code has the highest rent?
- For a 2-bedroom, 87122 has the highest typical rent at $1,754 a month, and 87108 the lowest at $939.
- What is the property tax rate in Albuquerque, NM?
- Owner-occupied homes in Bernalillo County pay a typical 0.90% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Albuquerque rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).