$1,600 - 2,475, Studio - 2 Beds Fair Market Rent is the 40th-percentile of typical rentals in a given region. Using median household income data for Albuquerque, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. 1% of apartments are priced < $500. Albuquerque, NM apartment rent ranges. This material may not be published, broadcast, rewritten, or redistributed. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. This is, The median rent in Albuquerque, NM is $1,450. The Metro Code or CBSA code for this region is METRO10740M10740. The average rent price for a one (1) bedroom apartment in Albuquerque, New Mexico is $1,134. For a 2-bedroom apartment, the average rent is $ 1,575. Measuring America's People, Places, and Economy, Population Estimates, July 1, 2022, (V2022), Population estimates base, April 1, 2020, (V2022), Population, percent change - April 1, 2020 (estimates base) to July 1, 2022, (V2022), American Indian and Alaska Native alone, percent, Native Hawaiian and Other Pacific Islander alone, percent, White alone, not Hispanic or Latino, percent, Owner-occupied housing unit rate, 2017-2021, Median value of owner-occupied housing units, 2017-2021, Median selected monthly owner costs -with a mortgage, 2017-2021, Median selected monthly owner costs -without a mortgage, 2017-2021, Living in same house 1 year ago, percent of persons age 1 year+, 2017-2021, Language other than English spoken at home, percent of persons age 5 years+, 2017-2021, Households with a computer, percent, 2017-2021, Households with a broadband Internet subscription, percent, 2017-2021, High school graduate or higher, percent of persons age 25 years+, 2017-2021, Bachelor's degree or higher, percent of persons age 25 years+, 2017-2021, With a disability, under age 65 years, percent, 2017-2021, Persons without health insurance, under age 65 years, percent, In civilian labor force, total, percent of population age 16 years+, 2017-2021, In civilian labor force, female, percent of population age 16 years+, 2017-2021, Total accommodation and food services sales, 2017 ($1,000), Total health care and social assistance receipts/revenue, 2017 ($1,000), Total transportation and warehousing receipts/revenue, 2017 ($1,000), Mean travel time to work (minutes), workers age 16 years+, 2017-2021, Median household income (in 2021 dollars), 2017-2021, Per capita income in past 12 months (in 2021 dollars), 2017-2021, Total employment, percent change, 2020-2021, Men-owned employer firms, Reference year 2017, Women-owned employer firms, Reference year 2017, Minority-owned employer firms, Reference year 2017, Nonminority-owned employer firms, Reference year 2017, Veteran-owned employer firms, Reference year 2017, Nonveteran-owned employer firms, Reference year 2017. "It's one of the toughest markets that I've seen in a long time for renters. The housing market is still hot in Albuquerque and is showing no signs of slowing down. Compared to the rest of New Mexico, the Albuquerque FMR area is Zillow has 253 single family rental listings in Albuquerque NM. According to Bordo, rent for a two-bedroom house increased 28 percent in 2021. Learn more. When it comes to 1-bedroom apartments, the average rent in Albuquerque, NM, is $ 1,167. Check out 309 verified apartments for rent in Albuquerque, NM with rents starting as low as $600. Rent data is provided by CoStar Groups Market Trend reports. Average Rent in Uptown Albuquerque & Rent Prices by Neighborhood - RentCafe The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. The average rent price for a two (2) bedroom apartment in Albuquerque, New Mexico is $1,383. A .gov website belongs to an official government New Mexico (NM) has the RentData.org 2023. ) or https:// means youve safely connected to Brokerage. 1. $1,575 - 2,100, Studio - 2 Beds QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. 1,298 One-Bedroom Apartments for Rent. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities. Market Summary for Del Norte, Albuquerque, NM $929 Median Rent -1% $5 Year-Over-Year Change 3 Apartments for rent Rent Ranges in Del Norte, Albuquerque, NM Rent prices in Albuquerque vary based on multiple factors including but not limited to: the unit size, the count of bathrooms, and the location within Albuquerque, NM. Use the tool below to compare Albuquerque, NM to other nearby cities and neighborhoods. Click on a region to view more detailed rent data. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know. 2020 Albuquerque median and average rent data will be released in September of 2021. How many available rentals are there in Albuquerque, NM? The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Albuquerque New Mexico was 7.26% according to Census ACS data. Albuquerque, NM apartment rent ranges. 3,380 Rentals Videos | Virtual Tour Rent Special Broadstone Heights 8100 Barstow St NE, Albuquerque, NM 87122 $1,525 - $2,204 | 1 - 3 Beds Email (505) 421-7786 Glo Apartments 3901 Indian School Rd NE, Albuquerque, NM 87110 $1,344 - $1,789 | Studio - 2 Beds Email (505) 391-4278 Virtual Tour Mission Hill Apartments Click on your region in the list below or on the map to see a more detailed break down of rental prices. The median monthly gross residential rent in Albuquerque, NM (the Albuquerque metro area) was $916 in 2019 according to the Census ACS survey. The problem there lies in that demand has suddenly far outpaced supply, and there are simply not enough single-family houses to go around. This browser is no longer supported. 4. All rights reserved. MLS #1035743. Median gross rent, 2017-2021: $932: Building permits, 2022: X: Families & Living Arrangements. Please log in to comment by clicking here, Feds Raise Concerns About Long Call Center Wait Times as Millions Dropped from Medicaid, New Mexico Congressman, Gabe Vasquez, Seeks Health Care Trust for Oil Field Workers, US launches program to provide electricity to more Native American homes, Southern Arizona Doctor Dies While Hiking in New Mexico with Other Physicians, Authorities Say, The Rundown: Solar Project Coming to NM and a Boil Advisory for Angel Fire, Ctrl+P Publishing The rental data for, Discover The Most Affordable Neighborhoods in Albuquerque, Discover The Most Expensive Neighborhoods in Albuquerque, Discover The Most Popular Neighborhoods in Albuquerque, Estimates for the most recent period have a high degree of uncertainty due to limited data for this bedroom type in. Since then it has fallen by 2.17% to 7.26%. The median rent for all bedrooms and all property types in Albuquerque, NM is $1,400. Median Rent $1,400 Month-Over-Month Change $0 Year-Over-Year Change -$150 Available Rentals 921 Source: Zillow Rentals Data Price Range The price range for all bedrooms and all property types is $384 to $14,000. Real dollars are calculated using the CPI-U less shelter series. Brokerage. Fair Market Rent prices in Albuquerque are high compared to the national average. A lock ( The average rent for an apartment in Albuquerque is $1,281. Average rent 663 Sq Ft Average apartment size $16 Increase in the last year As of August 2023, the average rent in Albuquerque, NM was $1,098/month. In August 2023 the average rent price in Nob Hill, Albuquerque, NM for a 3 bedroom apartment is $2,200 per month. Rentometer: Average Rents in Albuquerque, NM Data records for this series originated in 2005. Used under license. The cost of rent in Albuquerque varies depending on several factors including but not limited to: the unit size, the count of bathrooms, and the location within Albuquerque. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities Just this week, Mayor Tim Keller emphasized the need for more affordable housing in the city at the ribbon cutting for the Nuevo Atrisco Development on the westside. The average rent price for a two (2) bedroom house/SFR in Albuquerque, New Mexico is $1,674. The Fair Market Rent in New Mexico The origin year for the series is 2005. . Browse Listings The average rent in Albuquerque, NM is $1,096. 3 Bedroom Houses for Rent in Albuquerque NM - Zillow 10800 Golf Course Rd NW, Albuquerque, NM 87114. For a studio apartment in Albuquerque, NM, the average rent is $ 827. Discover The Most Affordable Neighborhoods in Albuquerque The most Affordable Neighborhoods in Albuquerque are Trumbull Village where the average rent can go for $700/month, Uptown, where the average rent can go for $895/month, and University Heights, where the average rent can go for $1,093/month. About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. Here are some additional resources you may also be interested in: RentData.org is an independent organization not affiliated with HUD.GOV or any other government agency. Los Ranchos de Albuquerque Condos for Rent, Los Ranchos de Albuquerque Apartments for Rent, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. Next up is Jerry Cline Park, where apartments go for $1,045/month, followed by North Eastern Albuquerque with $1,087 If you're looking to rent in Albuquerque's most popular neighborhoods, make sure to also check out . Albuquerque NM Real Estate & Homes For Sale - Zillow What are the most affordable neighborhoods in Albuquerque? Union 505. Albuquerque city, New Mexico. In the last month, the average rent price in Albuquerque for a 3 bedroom apartment remained approximately flat. 317 Commercial St NE Box 2 Albuquerque, NM 87102 "We're just not building enough to house the population.". Average Apartment Rent in June 2023 $1,320 Y-o-Y Change in Average Apartment Rent 6.5% Average Single-Family Rent in June 2023 $2,312 Compared to a year ago, Albuquerque, New Mexico apartments have recorded a 6.5% rent increase. Currently, the overall median rent in the city stands at $1,329, after rising 0.9% last month. Screen tenants, manage payments, and more all on Apartments.com. The portion of the rental market that has been most affected by an influx of residents has been two-bedroom rentals. Copyright 2023 Nexstar Media Inc. All rights reserved. Rent in Albuquerque, NM is 31% lower than the national median. The average rent price for a four (4) bedroom house/SFR in Albuquerque, New Mexico is$2,376. The consent submitted will only be used for data processing originating from this website. Privacy policy. We analyze our active inventory in real-time to find trends in rent prices across the country. 2-Bedroom apartments are the most common, with a total of 403 listings available. The most popular neighborhood in Albuquerque is Greater Gardner, where there are 5 listings with an average rent of $1,050. There are a total of 1266 apartments for rent available in Albuquerque, NM. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. 424 apartments available for rent in Albuquerque, NM. Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Albuquerque. Rent Annual Change; Studio - $827 +9%: 1 Bed - $1,167 +5%: 2 Beds - $1,575 +4%: Last updated 8/19/2023. $1,650 - 1,750. Try us for free today. "There is a great need for. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 3 bds; 2 ba; 1,379 sqft - House for rent. Continue with Recommended Cookies. The Apartments.com neighborhood guides provide you with insight into the areas transportation, things to do, and more. Approximately 15% of Americans qualify for some level of housing assistance. Manage Settings (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). 5. Based on current rent prices, In the last year, rent has decreased by $175 compared to the previous year. Click on the map to view more another region. Save money and start fresh using these tips and tricks. The median rent for all bedrooms and all property types in Albuquerque, NM is $1,450. Please switch to a supported browser or download one of our Mobile Apps. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Best 2 Bedroom Apartments in Albuquerque, NM - 238 Rentals - RentCafe Forty-four percent of renters are cost-burdened, Hernandez said. Cost of Living in Albuquerque, NM 2023 | RentCafe In Albuquerque the average rent for a two-bedroom is $1,100 and the prices are comparable to cities in other states. Zillow (Canada), Inc. holds real estate brokerage licenses in multiple provinces. 442-H New York Standard Operating Procedures New York Fair Housing NoticeTREC: Information about brokerage services, Consumer protection noticeCalifornia DRE #1522444Contact Zillow, Inc. I've gone with the housing units measure here. The average rent in Albuquerque, NM is $1,096. $700-$1,000 would be a sweet spot for your target rent budget. A locked padlock Sort: Newest. The average rent for an apartment in Albuquerque went up from $937 last year to $1,014 this year. Average Rent in Albuquerque, NM - 2023 Market Trends - Apartments.com In the past year, rent has increased by 1.42%, which averages out to $16 more per month. $950 - 1,730. No comments on this item 134 results. Despite the sudden increase in rent, Albuquerque still boasts one of the most affordable housing markets in the country. Refinance or buy a home with a low 3.5% down payment. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. You can calculate the renter fraction in Albuquerque in at least two ways: by housing units or by population. Average Rent in Albuquerque, NM and Cost Information - Zumper Zumper is built by passionate people in San Francisco. The price of rent in Albuquerque varies depending on several variables including but not limited to: the unit size, the count of bathrooms, and the location within Albuquerque, NM. For more details, $2,200/mo. offers 158 Houses for rent in Albuquerque, NM neighborhoods. There are 52 unique zip codes in this Fair Market Rent (FMR) area: 87008, 87015, 87016, 87022, 87026, 87047, 87048, 87059, 87068, 87101, 87102, 87103, 87104, 87105, 87106, 87107, 87108, 87109, 87110, 87111, 87112, 87113, 87114, 87116, 87117, 87119, 87120, 87121, 87122, 87123, 87124, 87125, 87131, 87144, 87151, 87153, 87154, 87176, 87181, 87184, 87185, 87187, 87190, 87191, 87192, 87193, 87194, 87195, 87196, 87197, 87198 and 87199. 1 Bedroom Apartments For Rent in Albuquerque, NM - 1,357 Rentals Compare prices, choose amenities, view photos and find your ideal rental with Apartment Finder. 100 Best Apartments In Albuquerque, NM (with pictures)! Average Rental Price in Albuquerque, NM & Market Trends - Zillow Meanwhile, apartments priced over $1,001-$1,500 represent 47% of apartments. 3 Bedroom Houses For Rent in Albuquerque NM. Lock 3909 Diablo Trail Pl NW, Albuquerque, NM 87114. Cost of Living in Albuquerque - Numbeo The median monthly gross residential rent in Albuquerque, NM (the Albuquerque metro area) was $916 in 2019 according to the Census ACS survey.1 Average gross rent in Albuquerque was $926 in 2019. Households, 2017-2021: 236,191: Persons per household, 2017-2021: What is your salary? How much has the rent in Albuquerque, NM increased/decreased in the last month? The median price of all currently available listings is $1,243, or roughly $16 per square feet. This FMR area is more expensive With an average 1 bedroom monthly rent price of $775, Albuquerque is one of the more affordable of the country's largest cities in terms of cost of living. This is a 5.96% increase year-over-year. Learn more. For more information, please visit the 2021 5-year ACS Comparison Guidance page. According to the CEO and co-founder of Dwellsy, Jonas Bordo, the pandemic motivated many who were forced to stay at home to reevaluate their living space. The data from Apartment Lists National Rent Report shows that Albuquerque has seen a median rent increase by 8% from January 2020 to January 2021. This information is based on data collected by CoStar Group researchers.. Protect yourself(and your stuff) with renters insurance. The pros and cons of moving during each season. Learn more: newmexico.news, Please log in to comment by clicking here, Despite No Show, Opposition to Book Bans Remains Strong in Rio Rancho, Powered by Creative Circle Media Solutions. There has been a lull in the development of single-family homes and affordable housing for first-time buyers due to stiff resistance from many neighborhoods. What are the average rent costs of a studio apartment in Albuquerque, NM? Houses for Rent in Albuquerque, NM 1 Filter Set 1 - 6 of 6 Results 10 $1,250 311 Princeton Dr Apt C Albuquerque, NM 3 BR | Available Now House Dog Friendly Cat Friendly 17 $2,275 649 Running Water Albuquerque, NM Studio | Available Now House 26 $2,150 3600 Cardenas NE Albuquerque, NM 3 BR | Available Now House Dog Friendly 18 $2,200 In the last month, the average rent price in Albuquerque for a 1 bedroom apartment decreased by approximately 9%. Average Rent in Albuquerque & Rent Prices by Neighborhood - RentCafe In the last month, the average rent price in Albuquerque for a 2 bedroom apartment remained approximately flat. . At $926, nominal average gross rent in Albuquerque was at its highest level in 2019 since the series began in 2005. What is the average rent in Albuquerque, NM? To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well.
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