Average Rent in Albuquerque, NM
The Fair Market Rent for a 2-bedroom in Albuquerque, NM is $1,464 per month, based on HUD data. With a median household income of $67,995, a household would spend 25.8% of income on housing at Fair Market Rent. Rent has increased 19.8% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,009 |
| 1 Bedroom | $1,185 |
| 2 Bedroom | $1,464 |
| 3 Bedroom | $2,036 |
| 4 Bedroom | $2,399 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $67,995 |
| Rent Burden (2BR FMR / Income) | 25.8% |
| Income Needed for 2BR (30% rule) | $58,560/yr |