FY2026 Fair Market Rents — Albuquerque, NM MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,009
1BR
$1,185
2BR
$1,464
3BR
$2,036
4BR
$2,399
Hours/week at min wage
94 hrs
to afford the 2BR FMR @ $12.00/hr (NM)
YoY change (2BR)
+10%
+$133 vs FY2025 · 5-yr +55.7%
Voucher payment standard
$1,318–$1,610
PHAs set HCV payment at 90–110% of the 2BR FMR
Albuquerque, NM MSA
Non-Metropolitan area · NM · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,009 | $12,108 |
| 1-Bedroom | $1,185 | $14,220 |
| 2-Bedroom | $1,464 | $17,568 |
| 3-Bedroom | $2,036 | $24,432 |
| 4-Bedroom | $2,399 | $28,788 |
Recent 2-Bedroom FMR Trend
FY2020 $877 → FY2026 $1,464
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,009 | $1,185 | $1,464 | $2,036 | $2,399 |
| FY2025 | $913 | $1,084 | $1,331 | $1,865 | $2,209 |
| FY2024 | $828 | $1,005 | $1,222 | $1,722 | $2,064 |
| FY2023 | $765 | $942 | $1,144 | $1,626 | $1,949 |
| FY2022 | $666 | $821 | $996 | $1,415 | $1,705 |
| FY2021 | $621 | $770 | $940 | $1,345 | $1,617 |
| FY2020 | $571 | $713 | $877 | $1,265 | $1,506 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $100,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,100 | $24,100 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 |
| 80% AMI (Low) | $56,250 | $64,250 | $72,300 | $80,300 | $86,750 | $93,150 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$17,568/yr
FMR as % of Area Median Income
17.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$58,560/yr
$4,880/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $878 | $1,004 | $1,129 | $1,355 | $1,455 |
| 60% AMI Maximum | $1,054 | $1,204 | $1,355 | $1,626 | $1,746 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,009 | $1,185 | $1,464 | $1,631 | $1,631 |
| Low HOME Rent | $878 | $1,005 | $1,130 | $1,255 | $1,356 |