Rent by ZIP · Bernalillo County
Rent in Albuquerque, NM 87151
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,630 (-5.8% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,150 | $1,190 | -3.4% | $1,035–1,265 | – |
| 1 bedroom | $1,310 | $1,400 | -6.4% | $1,179–1,441 | – |
| 2 bedrooms | $1,630 | $1,730 | -5.8% | $1,467–1,793 | – |
| 3 bedrooms | $2,240 | $2,410 | -7.1% | $2,016–2,464 | – |
| 4 bedrooms | $2,640 | $2,830 | -6.7% | $2,376–2,904 | – |
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.
The Census doesn't publish reliable rent figures for this ZIP code, usually because few homes here are rented.
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 87144 | Rio Rancho | $1,990 | $1,311 |
| 87124 | Rio Rancho | $1,680 | $1,317 |
| 87123 | Albuquerque | $1,320 | $1,125 |
| 87122 | Albuquerque | $2,080 | $1,754 |
| 87121 | Albuquerque | $1,630 | $1,127 |
| 87120 | Albuquerque | $1,700 | $1,410 |
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.