Rent by ZIP · Sandoval County
Rent in Rio Rancho, NM 87124
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,680 (-4% vs FY2026). Renters in this ZIP code pay a median $1,434 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,190 | $1,210 | -1.7% | $1,071–1,309 | $1,132 ±$303 |
| 1 bedroom | $1,350 | $1,420 | -4.9% | $1,215–1,485 | $1,134 ±$146 |
| 2 bedrooms | $1,680 | $1,750 | -4% | $1,512–1,848 | $1,317 ±$86 |
| 3 bedrooms | $2,310 | $2,430 | -4.9% | $2,079–2,541 | $1,668 ±$92 |
| 4 bedrooms | $2,720 | $2,870 | -5.2% | $2,448–2,992 | $1,823 ±$456 |
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 87124
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 |
|---|---|---|---|
| 87123 | Albuquerque | $1,320 | $1,125 |
| 87122 | Albuquerque | $2,080 | $1,754 |
| 87121 | Albuquerque | $1,630 | $1,127 |
| 87120 | Albuquerque | $1,700 | $1,410 |
| 87116 | Albuquerque | $2,080 | $1,727 |
| 87114 | Albuquerque | $1,560 | $1,364 |
Fair Market Rents across Sandoval 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.