Metro FMR area · NM · HUD FY 2027

Albuquerque, NM Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Albuquerque, NM area is $1,384 a month, 8% above the New Mexico average and 21% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 87 ZIP codes range from $1,320 to $2,080.

$1,3842-bedroom FMR−$80 (−5.5%) vs FY 2026
$1,1121-bedroom FMRU.S.: $1,478
$55,360Income for a 2-bedroomat 30% of income
921,482Residents4 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,384/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Albuquerque, NM FMR	$1,384	$55,360	–
New Mexico average	$1,282	$51,277	–
U.S. average	$1,761	$70,432	–

Albuquerque, NM Fair Market Rents, FY 2027 vs FY 2026
Unit	Albuquerque, NM FY 2027	FY 2026	Change	New Mexico avg	U.S. avg	Income needed
Studio	$977	$1,009	−$32 (−3.2%)	$935	$1,379	$39,080
1 bedroom	$1,112	$1,185	−$73 (−6.2%)	$1,051	$1,478	$44,480
2 bedrooms	$1,384	$1,464	−$80 (−5.5%)	$1,282	$1,761	$55,360
3 bedrooms	$1,902	$2,036	−$134 (−6.6%)	$1,716	$2,266	$76,080
4 bedrooms	$2,242	$2,399	−$157 (−6.5%)	$1,982	$2,607	$89,680

Counties in this FMR area

Counties in the Albuquerque, NM FMR area
County	Residents in area
Bernalillo County, NM	673,930
Sandoval County, NM	153,604
Torrance County, NM	15,490
Valencia County, NM	78,458

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,360.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Albuquerque, NM
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
87001	$1,070	$1,220	$1,510	$2,050	$2,390	+$310 (+25.8%)	9% above
87002	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87004	$950	$1,080	$1,350	$1,860	$2,190	−$20 (−1.5%)	2% below
87006	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87008	$1,120	$1,310	$1,610	$2,230	$2,610	−$170 (−9.6%)	16% above
87009	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87013	$1,050	$1,200	$1,490	$1,960	$2,270	+$60 (+4.2%)	8% above
87014	$910	$1,070	$1,320	$1,840	$2,160	+$110 (+9.1%)	5% below
87015	$1,140	$1,260	$1,520	$1,910	$2,160	no change	10% above
87016	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87018	$980	$1,090	$1,360	$1,840	$2,160	+$40 (+3.0%)	2% below
87022	$910	$1,070	$1,320	$1,840	$2,160	+$50 (+3.9%)	5% below
87023	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87024	$910	$1,070	$1,320	$1,840	$2,160	−$30 (−2.2%)	5% below
87025	$1,030	$1,210	$1,500	$2,080	$2,450	−$160 (−9.6%)	8% above
87026	$1,010	$1,150	$1,430	$1,960	$2,310	−$100 (−6.5%)	3% above
87027	$1,050	$1,200	$1,490	$1,960	$2,270	+$60 (+4.2%)	8% above
87031	$970	$1,120	$1,380	$1,920	$2,260	−$150 (−9.8%)	about the same as
87032	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87035	$1,140	$1,260	$1,520	$1,910	$2,160	+$50 (+3.4%)	10% above
87036	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87041	$910	$1,070	$1,320	$1,840	$2,160	+$110 (+9.1%)	5% below
87042	$1,090	$1,250	$1,550	$2,130	$2,510	+$200 (+14.8%)	12% above
87043	$1,470	$1,670	$2,080	$2,860	$3,370	+$60 (+3.0%)	50% above
87044	$990	$1,160	$1,440	$1,990	$2,340	−$150 (−9.4%)	4% above
87046	$960	$1,070	$1,320	$1,840	$2,160	+$60 (+4.8%)	5% below
87047	$1,140	$1,260	$1,520	$2,020	$2,370	−$100 (−6.2%)	10% above
87048	$1,060	$1,230	$1,520	$2,110	$2,480	−$160 (−9.5%)	10% above
87052	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87053	$910	$1,070	$1,320	$1,840	$2,160	−$30 (−2.2%)	5% below
87059	$910	$1,070	$1,320	$1,840	$2,160	−$30 (−2.2%)	5% below
87060	$970	$1,120	$1,380	$1,920	$2,260	−$150 (−9.8%)	about the same as
87061	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87062	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87063	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87068	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87070	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87072	$970	$1,100	$1,370	$1,880	$2,210	−$90 (−6.2%)	1% below
87083	$1,260	$1,430	$1,780	$2,450	$2,880	−$130 (−6.8%)	29% above
87101	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87102	$910	$1,070	$1,320	$1,840	$2,160	−$40 (−2.9%)	5% below
87103	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87104	$940	$1,070	$1,330	$1,840	$2,160	−$80 (−5.7%)	4% below
87105	$910	$1,070	$1,320	$1,840	$2,160	+$50 (+3.9%)	5% below
87106	$910	$1,070	$1,320	$1,840	$2,160	−$70 (−5.0%)	5% below
87107	$910	$1,070	$1,320	$1,840	$2,160	+$90 (+7.3%)	5% below
87108	$910	$1,070	$1,320	$1,840	$2,160	+$90 (+7.3%)	5% below
87109	$1,070	$1,210	$1,510	$2,080	$2,450	−$80 (−5.0%)	9% above
87110	$980	$1,140	$1,410	$1,960	$2,310	−$150 (−9.6%)	2% above
87111	$1,240	$1,410	$1,760	$2,420	$2,850	−$80 (−4.3%)	27% above
87112	$950	$1,080	$1,340	$1,840	$2,170	−$80 (−5.6%)	3% below
87113	$1,350	$1,530	$1,910	$2,630	$3,090	−$130 (−6.4%)	38% above
87114	$1,100	$1,250	$1,560	$2,140	$2,530	−$100 (−6.0%)	13% above
87115	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87116	$1,470	$1,670	$2,080	$2,860	$3,370	−$120 (−5.5%)	50% above
87117	$990	$1,130	$1,410	$1,930	$2,280	−$90 (−6.0%)	2% above
87119	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87120	$1,200	$1,370	$1,700	$2,340	$2,750	+$40 (+2.4%)	23% above
87121	$1,150	$1,310	$1,630	$2,240	$2,640	−$100 (−5.8%)	18% above
87122	$1,470	$1,670	$2,080	$2,860	$3,370	−$120 (−5.5%)	50% above
87123	$910	$1,070	$1,320	$1,840	$2,160	−$10 (−0.8%)	5% below
87124	$1,190	$1,350	$1,680	$2,310	$2,720	−$70 (−4.0%)	21% above
87125	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87144	$1,400	$1,600	$1,990	$2,740	$3,220	−$60 (−2.9%)	44% above
87151	$1,150	$1,310	$1,630	$2,240	$2,640	−$100 (−5.8%)	18% above
87153	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87154	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87174	$1,210	$1,370	$1,710	$2,350	$2,770	−$80 (−4.5%)	24% above
87176	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87181	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87184	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87185	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87187	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87190	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87191	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87192	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87193	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87194	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87195	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87196	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87197	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87198	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87199	$960	$1,090	$1,360	$1,870	$2,200	−$80 (−5.6%)	2% below
87528	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
87544	$1,300	$1,420	$1,860	$2,220	$3,110	+$130 (+7.5%)	34% above
88318	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below
88321	$910	$1,070	$1,320	$1,840	$2,160	+$120 (+10.0%)	5% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.