Bernalillo County, NM

2024 Fair Market Rents

Tags: 2024 Albuquerque, NM MSA

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Return to the state page to see where New Mexico ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Bernalillo County are Albuquerque, Rio Rancho, Edgewood, and Tijeras. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Bernalillo County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Bernalillo County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Bernalillo County compare?

Bernalillo County ($1,222) has a 23.6% higher FMR for 2-Bedroom housing than the average of New Mexico ($989) and therefore a higher gross rent.

Bernalillo County is rank 3rd out of 33 counties. This means the FMRs, or in other words, the gross rent is higher than 30 other counties. Bernalillo County is the 3rd most expensive county in terms of FMRs.

Rent Tables Bernalillo County, NM

Fair Market Rent (40th Percentile)

$828
studio
$1,005
1-Bedroom
$1,222
2-Bedroom
$1,722
3-Bedroom
$2,064
4-Bedroom

Median Rent (50th Percentile)

$890
studio
$1,080
1-Bedroom
$1,313
2-Bedroom
$1,850
3-Bedroom
$2,218
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
87008 $1,080 $1,310 $1,590 $2,240 $2,680
87015 $1,060 $1,220 $1,450 $1,910 $2,100
87016 $690 $850 $1,030 $1,470 $1,760
87022 $720 $870 $1,060 $1,490 $1,790
87026 $690 $850 $1,030 $1,470 $1,760
87047 $1,120 $1,350 $1,640 $2,310 $2,760
87048 $1,000 $1,220 $1,480 $2,090 $2,500
87059 $970 $1,190 $1,440 $2,050 $2,460
87068 $800 $970 $1,180 $1,660 $1,990
87101 $810 $990 $1,200 $1,690 $2,030
87102 $790 $960 $1,170 $1,650 $1,980
87103 $810 $990 $1,200 $1,690 $2,030
87104 $810 $980 $1,190 $1,680 $2,010
87105 $690 $850 $1,030 $1,470 $1,760
87106 $810 $980 $1,190 $1,680 $2,010
87107 $710 $860 $1,050 $1,480 $1,770
87108 $700 $850 $1,030 $1,470 $1,760
87109 $890 $1,080 $1,310 $1,850 $2,210
87110 $890 $1,080 $1,310 $1,850 $2,210
87111 $1,020 $1,240 $1,510 $2,130 $2,550
87112 $790 $960 $1,170 $1,650 $1,980
87113 $1,110 $1,350 $1,640 $2,310 $2,770
87114 $980 $1,180 $1,440 $2,030 $2,430
87115 $810 $990 $1,200 $1,690 $2,030
87116 $1,220 $1,480 $1,800 $2,540 $3,040
87117 $940 $1,140 $1,390 $1,960 $2,350
87119 $810 $990 $1,200 $1,690 $2,030
87120 $980 $1,180 $1,440 $2,030 $2,430
87121 $820 $1,000 $1,210 $1,710 $2,040
87122 $1,240 $1,510 $1,830 $2,580 $3,090
87123 $730 $890 $1,080 $1,520 $1,820
87124 $980 $1,180 $1,440 $2,030 $2,430
87125 $810 $990 $1,200 $1,690 $2,030
87131 $810 $990 $1,200 $1,690 $2,030
87144 $1,150 $1,390 $1,690 $2,380 $2,850
87151 $810 $990 $1,200 $1,690 $2,030
87153 $810 $990 $1,200 $1,690 $2,030
87154 $810 $990 $1,200 $1,690 $2,030
87176 $810 $990 $1,200 $1,690 $2,030
87181 $810 $990 $1,200 $1,690 $2,030
87184 $810 $990 $1,200 $1,690 $2,030
87185 $810 $990 $1,200 $1,690 $2,030
87187 $810 $990 $1,200 $1,690 $2,030
87190 $810 $990 $1,200 $1,690 $2,030
87191 $810 $990 $1,200 $1,690 $2,030
87192 $810 $990 $1,200 $1,690 $2,030
87193 $810 $990 $1,200 $1,690 $2,030
87194 $810 $990 $1,200 $1,690 $2,030
87195 $810 $990 $1,200 $1,690 $2,030
87196 $810 $990 $1,200 $1,690 $2,030
87197 $810 $990 $1,200 $1,690 $2,030
87198 $810 $990 $1,200 $1,690 $2,030
87199 $810 $990 $1,200 $1,690 $2,030
87015 $1,060 $1,220 $1,450 $1,910 $2,100
87047 $1,120 $1,350 $1,640 $2,310 $2,760
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
87008 $972 $1,179 $1,431 $2,016 $2,412
87015 $954 $1,098 $1,305 $1,719 $1,890
87016 $621 $765 $927 $1,323 $1,584
87022 $648 $783 $954 $1,341 $1,611
87026 $621 $765 $927 $1,323 $1,584
87047 $1,008 $1,215 $1,476 $2,079 $2,484
87048 $900 $1,098 $1,332 $1,881 $2,250
87059 $873 $1,071 $1,296 $1,845 $2,214
87068 $720 $873 $1,062 $1,494 $1,791
87101 $729 $891 $1,080 $1,521 $1,827
87102 $711 $864 $1,053 $1,485 $1,782
87103 $729 $891 $1,080 $1,521 $1,827
87104 $729 $882 $1,071 $1,512 $1,809
87105 $621 $765 $927 $1,323 $1,584
87106 $729 $882 $1,071 $1,512 $1,809
87107 $639 $774 $945 $1,332 $1,593
87108 $630 $765 $927 $1,323 $1,584
87109 $801 $972 $1,179 $1,665 $1,989
87110 $801 $972 $1,179 $1,665 $1,989
87111 $918 $1,116 $1,359 $1,917 $2,295
87112 $711 $864 $1,053 $1,485 $1,782
87113 $999 $1,215 $1,476 $2,079 $2,493
87114 $882 $1,062 $1,296 $1,827 $2,187
87115 $729 $891 $1,080 $1,521 $1,827
87116 $1,098 $1,332 $1,620 $2,286 $2,736
87117 $846 $1,026 $1,251 $1,764 $2,115
87119 $729 $891 $1,080 $1,521 $1,827
87120 $882 $1,062 $1,296 $1,827 $2,187
87121 $738 $900 $1,089 $1,539 $1,836
87122 $1,116 $1,359 $1,647 $2,322 $2,781
87123 $657 $801 $972 $1,368 $1,638
87124 $882 $1,062 $1,296 $1,827 $2,187
87125 $729 $891 $1,080 $1,521 $1,827
87131 $729 $891 $1,080 $1,521 $1,827
87144 $1,035 $1,251 $1,521 $2,142 $2,565
87151 $729 $891 $1,080 $1,521 $1,827
87153 $729 $891 $1,080 $1,521 $1,827
87154 $729 $891 $1,080 $1,521 $1,827
87176 $729 $891 $1,080 $1,521 $1,827
87181 $729 $891 $1,080 $1,521 $1,827
87184 $729 $891 $1,080 $1,521 $1,827
87185 $729 $891 $1,080 $1,521 $1,827
87187 $729 $891 $1,080 $1,521 $1,827
87190 $729 $891 $1,080 $1,521 $1,827
87191 $729 $891 $1,080 $1,521 $1,827
87192 $729 $891 $1,080 $1,521 $1,827
87193 $729 $891 $1,080 $1,521 $1,827
87194 $729 $891 $1,080 $1,521 $1,827
87195 $729 $891 $1,080 $1,521 $1,827
87196 $729 $891 $1,080 $1,521 $1,827
87197 $729 $891 $1,080 $1,521 $1,827
87198 $729 $891 $1,080 $1,521 $1,827
87199 $729 $891 $1,080 $1,521 $1,827
87015 $954 $1,098 $1,305 $1,719 $1,890
87047 $1,008 $1,215 $1,476 $2,079 $2,484
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
87008 $1,188 $1,441 $1,749 $2,464 $2,948
87015 $1,166 $1,342 $1,595 $2,101 $2,310
87016 $759 $935 $1,133 $1,617 $1,936
87022 $792 $957 $1,166 $1,639 $1,969
87026 $759 $935 $1,133 $1,617 $1,936
87047 $1,232 $1,485 $1,804 $2,541 $3,036
87048 $1,100 $1,342 $1,628 $2,299 $2,750
87059 $1,067 $1,309 $1,584 $2,255 $2,706
87068 $880 $1,067 $1,298 $1,826 $2,189
87101 $891 $1,089 $1,320 $1,859 $2,233
87102 $869 $1,056 $1,287 $1,815 $2,178
87103 $891 $1,089 $1,320 $1,859 $2,233
87104 $891 $1,078 $1,309 $1,848 $2,211
87105 $759 $935 $1,133 $1,617 $1,936
87106 $891 $1,078 $1,309 $1,848 $2,211
87107 $781 $946 $1,155 $1,628 $1,947
87108 $770 $935 $1,133 $1,617 $1,936
87109 $979 $1,188 $1,441 $2,035 $2,431
87110 $979 $1,188 $1,441 $2,035 $2,431
87111 $1,122 $1,364 $1,661 $2,343 $2,805
87112 $869 $1,056 $1,287 $1,815 $2,178
87113 $1,221 $1,485 $1,804 $2,541 $3,047
87114 $1,078 $1,298 $1,584 $2,233 $2,673
87115 $891 $1,089 $1,320 $1,859 $2,233
87116 $1,342 $1,628 $1,980 $2,794 $3,344
87117 $1,034 $1,254 $1,529 $2,156 $2,585
87119 $891 $1,089 $1,320 $1,859 $2,233
87120 $1,078 $1,298 $1,584 $2,233 $2,673
87121 $902 $1,100 $1,331 $1,881 $2,244
87122 $1,364 $1,661 $2,013 $2,838 $3,399
87123 $803 $979 $1,188 $1,672 $2,002
87124 $1,078 $1,298 $1,584 $2,233 $2,673
87125 $891 $1,089 $1,320 $1,859 $2,233
87131 $891 $1,089 $1,320 $1,859 $2,233
87144 $1,265 $1,529 $1,859 $2,618 $3,135
87151 $891 $1,089 $1,320 $1,859 $2,233
87153 $891 $1,089 $1,320 $1,859 $2,233
87154 $891 $1,089 $1,320 $1,859 $2,233
87176 $891 $1,089 $1,320 $1,859 $2,233
87181 $891 $1,089 $1,320 $1,859 $2,233
87184 $891 $1,089 $1,320 $1,859 $2,233
87185 $891 $1,089 $1,320 $1,859 $2,233
87187 $891 $1,089 $1,320 $1,859 $2,233
87190 $891 $1,089 $1,320 $1,859 $2,233
87191 $891 $1,089 $1,320 $1,859 $2,233
87192 $891 $1,089 $1,320 $1,859 $2,233
87193 $891 $1,089 $1,320 $1,859 $2,233
87194 $891 $1,089 $1,320 $1,859 $2,233
87195 $891 $1,089 $1,320 $1,859 $2,233
87196 $891 $1,089 $1,320 $1,859 $2,233
87197 $891 $1,089 $1,320 $1,859 $2,233
87198 $891 $1,089 $1,320 $1,859 $2,233
87199 $891 $1,089 $1,320 $1,859 $2,233
87015 $1,166 $1,342 $1,595 $2,101 $2,310
87047 $1,232 $1,485 $1,804 $2,541 $3,036

Fair Market Rents on this page apply to the following cities in Bernalillo County, New Mexico: Albuquerque, Rio Rancho, Edgewood, Tijeras, Corrales, Sandia Park, Bosque Farms, Cedar Crest, Laguna, Estancia, Isleta, and Kirtland Afb.

These Fair Market Rents also apply to the following ZIP codes in Bernalillo County, New Mexico: 87121, 87111, 87114, 87120, 87124, 87105, 87112, 87110, 87123, 87109, 87144, 87108, 87107, 87106, 87122, 87102, 87113, 87015, 87104, and 87059.

Bernalillo County, NM is considered part of the following metro FMR area: ALBUQUERQUE, NM MSA.

Other counties in the same metro FMR area are: Sandoval County, NM, Torrance County, NM, and Valencia County, NM.

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.