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Albuquerque NM Apartment Market Read

Current market read
Renter’s market
ConditionSoft
RentersLandlords
The yearly data reads a renter's market, and the monthly figures, asking rents and jobs are cooling further.
From public data. The situation now, not a forecast.
Renter Google searchabout 1,600 searches in September 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly

About 1,600 searches in September 2026, for Albuquerque on its own

November is usually one of the quietest months for renter searches here.

What renters Google mostHousesSee all →

Attention, not a verdict. Google searches for apartments to rent.

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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Job growth has cooled (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
−0.5%
▼ Cooling, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
8.2%2024 COUNT
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,334 a month
September 2026, ▲ up 0.5% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +1.4% · US avg +4.6%
Median rentCENSUS · 2024
$1,220/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
SUPPLY
DEMAND
Jobs−0.5%
Migration 2025+0.3/1k
SUPPLY
Permits 2025+29%
Vacancy 20248.2%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,206/mo
Cheaper to rent than buying
rent $1,220 · own $2,426
$1,220
RENT
$2,426
OWN
Domestic migrationCENSUS · 2025
+0.3/1k
▲ More people moved in from elsewhere in the US than left. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.