Albuquerque Fair Market Rent 2026
HUD Fair Market Rent data for the Albuquerque metropolitan area. Median household income: $49,585/year. Vacancy rate: 4.5%.
2BR FMR
$958/mo
Median Income
$49,585
Vacancy Rate
4.5%
Rent Burden
23.2%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $49,585/year can afford up to $1,240/mo in rent.
The 2BR FMR of $958/mo represents 23.2% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 4.5% in Albuquerque indicates a tight rental market. Low vacancy means more competition for available units and potential upward pressure on rents.
Frequently Asked Questions
What is the average rent in Albuquerque?
The 2026 HUD FMR for a 2-bedroom in the Albuquerque metro area is $958/month. 1BR: $793, 3BR: $1,161.
What is the vacancy rate in Albuquerque?
The rental vacancy rate in Albuquerque is 4.5%. A rate below 5% typically indicates a tight rental market.
Is Albuquerque affordable for renters?
With a median income of $49,585 and 2BR rent at $958/mo, rent takes about 23% of income in Albuquerque.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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