Renting in Albuquerque costs about $1,445 a month, and the typical home is listed at $384,000. That puts the price-to-rent ratio at 22.1: a typical home costs as much as 22.1 years of rent.
Albuquerque now and in 2031
| Now | 2031 (projected) | |
|---|---|---|
| Typical asking rent | $1,445/mo | $1,345/mo |
| Typical list price | $384,000 | $509,000 |
| Price-to-rent ratio | 22.1 | — |
Rent is projected at -1.4% a year, the trend in RentCast's median rents for these ZIP codes since mid-2024. For home values: The first 2 years follow this year's change in list prices (+1.5%); later years use the Federal Housing Finance Agency's house price index average for these ZIP codes from 2020 to 2025 (+8.8% a year). These are trends carried forward, not predictions of the next market turn.
How to read the price-to-rent ratio
The ratio divides the typical list price by a year of typical rent. A higher ratio means buying is expensive relative to renting; a lower one means monthly rent is high compared with what a home costs. It's a quick way to compare cities, not a verdict for your situation.
By ZIP code
| ZIP | Median rent | Rental listings | Median list price | Sale listings |
|---|---|---|---|---|
| 87114 | $1,608/mo | 506 | $380,000 | 290 |
| 87120 | $1,689/mo | 305 | $375,000 | 425 |
| 87111 | $1,530/mo | 817 | $469,000 | 272 |
| 87112 | $1,205/mo | 271 | $330,000 | 170 |
| 87110 | $1,173/mo | 349 | $349,000 | 158 |
| 87109 | $1,343/mo | 636 | $365,000 | 160 |
What this doesn't account for
Mortgage rates, your down payment, property taxes, insurance, HOA fees, maintenance, and how long you'll stay decide more than any city-wide figure. These are area numbers built from active listings; they don't know the specific home or your finances.
Source: RentCast market data for 6 of Albuquerque's 11 ZIP codes (the most populous, home to 72% of residents in the city's ZIP codes, per the Census Bureau's ACS 2023). A ZIP counts only with at least 20 active listings. Retrieved October 14, 2026. Figures are listing-weighted averages of ZIP medians, not an appraisal. How Predictye calculates this.
Frequently asked questions
How much is rent in Albuquerque, NM?
Typical asking rent is $1,445 a month, across 2,884 active rental listings in 6 ZIP codes.
How much do homes cost in Albuquerque, NM?
The typical list price is $384,000, across 1,475 active sale listings in 6 ZIP codes. List prices are asking prices, not final sale prices.
What is the price-to-rent ratio in Albuquerque, NM?
About 22.1: the typical list price equals 22.1 years of typical rent. The higher the ratio, the more buying costs relative to renting.