Rent by ZIP · Bernalillo County
Rent in Albuquerque, NM 87122
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,080 (-5.5% vs FY2026). Renters in this ZIP code pay a median $2,534 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,470 | $1,520 | -3.3% | $1,323–1,617 | – |
| 1 bedroom | $1,670 | $1,780 | -6.2% | $1,503–1,837 | $3,500+ |
| 2 bedrooms | $2,080 | $2,200 | -5.5% | $1,872–2,288 | $1,754 ±$264 |
| 3 bedrooms | $2,860 | $3,060 | -6.5% | $2,574–3,146 | $2,450 ±$514 |
| 4 bedrooms | $3,370 | $3,600 | -6.4% | $3,033–3,707 | $3,193 ±$220 |
Small Area FMRs for the Albuquerque, NM MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Albuquerque, NM MSA, 2 bedrooms: $1,384.
What renters pay in 87122
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 87121 | Albuquerque | $1,630 | $1,127 |
| 87123 | Albuquerque | $1,320 | $1,125 |
| 87120 | Albuquerque | $1,700 | $1,410 |
| 87124 | Rio Rancho | $1,680 | $1,317 |
| 87116 | Albuquerque | $2,080 | $1,727 |
| 87114 | Albuquerque | $1,560 | $1,364 |
Fair Market Rents across Bernalillo County, NM · All NM counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.