Rent in Albuquerque, NM at a glance
2-bedroom rent (HUD)
$1,464$17,568 a year · HUD fiscal year 2026From October 1, 2026: $1,384 (−5.5%)How much rent can you afford in Albuquerque, NM?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Albuquerque, NM by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,009 | $12,108 | $40,360 | $19.40/hr |
| 1 bedroom | $1,185 | $14,220 | $47,400 | $22.79/hr |
| 2 bedroomsMost searched | $1,464 | $17,568 | $58,560 | $28.15/hr |
| 3 bedrooms | $2,036 | $24,432 | $81,440 | $39.15/hr |
| 4 bedrooms | $2,399 | $28,788 | $95,960 | $46.13/hr |
Cost of living in Albuquerque, NM: income, prices and a budget →
Living and working in Albuquerque, NM
Rent in Albuquerque, NM: common questions
How much is rent going down in Albuquerque, NM in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,384 for a two-bedroom, down 5.5% from $1,464. A one-bedroom goes from $1,185 to $1,112, a studio from $1,009 to $977.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Albuquerque, NM?
HUD's Fair Market Rent for 2026 is $1,185 for a one-bedroom and $1,464 for a two-bedroom, utilities included. That is $17,568 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Albuquerque, NM?
To keep a $1,464 two-bedroom at 30% of gross pay, one full-time worker needs $28.15 an hour, or $58,560 a year. A one-bedroom at $1,185 takes $22.79 an hour.
How much is a 1, 2 or 3-bedroom apartment in Albuquerque, NM?
At HUD's 2026 Fair Market Rent: studio $1,009, one bedroom $1,185, two $1,464, three $2,036 and four $2,399 a month.
Is rent affordable in Albuquerque, NM?
For the typical household, earning $68,317 a year ($5,693 a month, Census ACS), a two-bedroom at $1,464 takes 25.7% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,464 × 12) ÷ 0.30 = $58,560. Divided by 2,080 working hours, that is $28.15 an hour.