Fair Market Rent · New Mexico
Fair Market Rent in Bernalillo County, NM
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Bernalillo County is $1,384 a month, -5.5% from FY2026. Bernalillo County is part of the Albuquerque, NM MSA (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $977 | $1,009 | -3.2% | $879–1,075 |
| 1 bedroom | $1,112 | $1,185 | -6.2% | $1,001–1,223 |
| 2 bedrooms | $1,384 | $1,464 | -5.5% | $1,246–1,522 |
| 3 bedrooms | $1,902 | $2,036 | -6.6% | $1,712–2,092 |
| 4 bedrooms | $2,242 | $2,399 | -6.5% | $2,018–2,466 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Bernalillo County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 87008 | Cedar Crest | $1,610 | $1,304 | $952 |
| 87022 | Isleta | $1,320 | – | – |
| 87059 | Tijeras | $1,320 | $1,162 | $1,405 |
| 87068 | Bosque Farms | $1,320 | $842 | $907 |
| 87101 | Albuquerque | $1,360 | – | – |
| 87102 | Albuquerque | $1,320 | $1,078 | $928 |
| 87104 | Albuquerque | $1,330 | $1,316 | $1,082 |
| 87105 | Albuquerque | $1,320 | $975 | $991 |
| 87106 | Albuquerque | $1,320 | $1,056 | $936 |
| 87107 | Albuquerque | $1,320 | $1,009 | $998 |
| 87108 | Albuquerque | $1,320 | $939 | $872 |
| 87109 | Albuquerque | $1,510 | $1,286 | $1,168 |
| 87110 | Albuquerque | $1,410 | $1,289 | $1,127 |
| 87111 | Albuquerque | $1,760 | $1,565 | $1,435 |
| 87112 | Albuquerque | $1,340 | $1,109 | $1,121 |
| 87113 | Albuquerque | $1,910 | $1,293 | $1,567 |
| 87114 | Albuquerque | $1,560 | $1,364 | $1,416 |
| 87116 | Albuquerque | $2,080 | $1,727 | $1,766 |
| 87117 | Kirtland Afb | $1,410 | – | – |
| 87120 | Albuquerque | $1,700 | $1,410 | $1,429 |
| 87121 | Albuquerque | $1,630 | $1,127 | $1,321 |
| 87122 | Albuquerque | $2,080 | $1,754 | $2,534 |
| 87123 | Albuquerque | $1,320 | $1,125 | $1,086 |
| 87151 | Albuquerque | $1,630 | – | – |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.