FY2026 Fair Market Rents — Bernalillo County
Studio
$1,009
1BR
$1,185
2BR
$1,464
3BR
$2,036
4BR
$2,399
Bernalillo County, New Mexico
FIPS 35001 · County-level FMR and income limit data
FMR Area: Albuquerque, NM MSA
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 |
To afford the FY2026 2-bedroom FMR of $1,464/mo under the 30%-of-income rule, a household needs about
$58,560/yr ($4,880/mo). Area Median Income is $100,400.
At NM's state minimum wage of $12.00/hr, a worker would need to work 94 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $100,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,100 | $24,100 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 |
| 80% AMI | $56,250 | $64,250 | $72,300 | $80,300 | $86,750 | $93,150 |