Skip to main content
Loading page
NM/Bernalillo County/Albuquerque

Albuquerque, NM

CitySAFMR
Bernalillo County
Found 41 ZIPs
Zillow

City Median Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$910 – $1,470$800 – $1,620
1 BR$1,070 – $1,670$890 – $1,750
2 BR$1,320 – $2,080$1,070 – $2,100
3 BR$1,840 – $2,860$1,160 – $2,470
4 BR$2,160 – $3,370$1,200 – $2,930
5 BR$2,530Not available
6 BR$2,909Not available
7 BR$3,346Not available
8 BR$3,848Not available

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
21
0.63-1.84
1 BR
19
0.74-1.70
2 BR
21
0.73-1.63
3 BR
23
0.87-1.86
4 BR
21
0.89-2.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Albuquerque, NM fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 41 ZIP codes in Albuquerque, NM ranges from $1,320 to $2,080 a month, with a median of $1,360. That is down 5.6% from $1,440 in FY 2026. Albuquerque is in the Albuquerque, NM MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,384. The median county two-bedroom FMR in New Mexico is $1,063, so Albuquerque is 28% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Albuquerque, NM
BedroomsFY 2027Change90–110% range
Studio$960−3.0%$864–$1,056
1BR$1,090−6.8%$981–$1,199
2BR$1,360−5.6%$1,224–$1,496
3BR$1,870−6.5%$1,683–$2,057
4BR$2,200−6.8%$1,980–$2,420

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Albuquerque, NM
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,090$1,360$1,870$2,200
FY 2026$990$1,170$1,440$2,000$2,360
FY 2025$900$1,070$1,310$1,840$2,170
FY 2024$810$990$1,200$1,690$2,030
FY 2023$750$920$1,120$1,590$1,910

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
87116$2,080+52.9%
87122$2,080+52.9%
87113$1,910+40.4%
87111$1,760+29.4%
87120$1,700+25.0%
87121$1,630+19.9%
87151$1,630+19.9%
87114$1,560+14.7%
87109$1,510+11.0%
87110$1,410+3.7%
87101$1,3600.0%
87103$1,3600.0%
87115$1,3600.0%
87119$1,3600.0%
87125$1,3600.0%
87153$1,3600.0%
87154$1,3600.0%
87176$1,3600.0%
87181$1,3600.0%
87184$1,3600.0%
87185$1,3600.0%
87187$1,3600.0%
87190$1,3600.0%
87191$1,3600.0%

Showing the 24 highest of 40 ZIP codes.

Questions about Albuquerque, NM rents

How much will Section 8 pay for a two-bedroom in Albuquerque, NM?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,384, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,246 to $1,522 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Albuquerque, NM in?

Albuquerque, NM is in the Albuquerque, NM MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,384.

How much did fair market rent change in Albuquerque, NM for FY 2027?

The two-bedroom FMR fell 5.6%, from $1,440 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 21.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNM statewide rentsWhat is SAFMR?Data sources