Albuquerque multifamily market, October 2026

Renters have the edge in Albuquerque, and it is cooling: asking rents are up 0.5% on a year, while jobs slipped 0.5%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+0.5%

Asking rent, year over year

Zillow · September 2026

-0.5%

Jobs, year over year

BLS · September 2026, preliminary

8.2%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 0.5% on a year to September 2026, which is the figure the condition is read from. Jobs are down 0.5% over the same year to September 2026, a first release the BLS revises the following month. Job growth has cooled (September 2026).

The backdrop

These are yearly Census counts, not this month's: 8.2% of rentals sat empty in 2024, permits for new apartments were up 29% in 2025, more people moved in than out in 2025, and the typical rent was $1,220 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Albuquerque

Answered from the data, updated October 31, 2026

Is the Albuquerque rental market tight or soft right now?

In Albuquerque right now, renters have the edge, and it is cooling.

Which way is the Albuquerque market heading?

Albuquerque is cooling right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Albuquerque a landlord's or a renter's market?

Albuquerque is a renter's market right now: renters have the edge, and it is cooling.

What is the vacancy rate in Albuquerque?

Vacancy in Albuquerque is 8.2% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Albuquerque rents changed?

Asking rents in Albuquerque are up 0.5% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

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City of Albuquerque selected for new housing initiativeKRQE

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See all Albuquerque news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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