Rent in Albuquerque, NM MSA
The Fair Market Rent (FMR) for a two-bedroom home in Albuquerque, NM MSA is $1,464/month for HUD fiscal year 2026 — HUD's estimate of the 40th-percentile gross rent for standard-quality rentals in this market.
Quick answer: A two-bedroom in Albuquerque, NM MSA has an FMR of $1,464/month (FY2026). That is 50% above the national median of $974. Albuquerque, NM MSA ranks #288 of 2,622 HUD FMR areas by two-bedroom rent (1 = most expensive).
Fair Market Rent by bedroom size, Albuquerque, NM MSA
| Unit size | Fair Market Rent / month |
|---|---|
| Studio / efficiency | $1,009 |
| 1 bedroom | $1,185 |
| 2 bedrooms | $1,464 |
| 3 bedrooms | $2,036 |
| 4 bedrooms | $2,399 |
Nearby on the rent ranking
- St. Thomas Island, VI$1,467/mo
- Chaffee County, CO$1,466/mo
- Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area$1,465/mo
- Petersburg Borough$1,463/mo
- Hoonah-Angoon Census Area, AK$1,460/mo
- Provo-Orem-Lehi, UT MSA$1,460/mo
Frequently asked questions
- How much is rent in Albuquerque, NM MSA?
- The Fair Market Rent (FMR) for a two-bedroom unit in Albuquerque, NM MSA is $1,464 per month for HUD fiscal year 2026. A one-bedroom is $1,185 and a three-bedroom is $2,036 per month.
- What is the studio and one-bedroom Fair Market Rent in Albuquerque, NM MSA?
- For FY2026, HUD's efficiency/studio FMR in Albuquerque, NM MSA is $1,009 per month and the one-bedroom FMR is $1,185 per month.
- How is the Fair Market Rent for Albuquerque, NM MSA calculated?
- HUD's Fair Market Rent is an estimate of the 40th-percentile gross rent — rent plus tenant-paid utilities, excluding telephone, cable, satellite and internet — for standard-quality rental units in the local housing market. Figures are set per HUD FMR area and apply to every county within that area.
- What are Fair Market Rents used for in Albuquerque, NM MSA?
- FMRs set the payment standards for the Housing Choice Voucher (Section 8) program and other HUD rental-assistance programs in Albuquerque, NM MSA. They cap the subsidy a voucher can pay toward rent and are also widely used as a benchmark for typical local rents.
- How does rent in Albuquerque, NM MSA compare nationally?
- Albuquerque, NM MSA ranks #288 of 2,622 HUD FMR areas by two-bedroom FMR (1 = most expensive). The national median two-bedroom FMR is $974 per month.
Source: U.S. Department of Housing and Urban Development (HUD USER), FY2026 Fair Market Rents. Public domain (17 U.S.C. § 105). Figures effective 1 October 2025. Last updated 2025-10-01.