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Albuquerque market rental trends report

Relocity Updated on January 26, 2026

Rental Trends

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Over the past 3 to 6 months, rent prices in Albuquerque have shown modest softness to stability, with some data indicating slight declines or minimal growth in average rents across the city. Reports show rents have edged down month-to-month in some measures and remained largely flat year-over-year, reflecting a cool rental market compared with previous periods of stronger increases. This change has been driven primarily by increased rental inventory and cooling demand, as more units have come online and renters gain greater leverage in leasing negotiations, alongside seasonal softening typical in the market. Elevated vacancy rates and a broader national trend of slower rent growth have also played a role. As of the start of 2026, the median rent in Albuquerque is approximately $1,389 per month across all unit types.

Rio Rancho

Over the past 3 to 6 months, rents in Rio Rancho have shown modest upward pressure or relative stability depending on the dataset, with some listing sources indicating slight month-to-month increases and others showing rents holding steady into early 2026. This suggests a gradual tightening of the market rather than dramatic swings. This change has generally been driven by increasing demand for housing in the Rio Rancho area, as renters seek more affordable alternatives to nearby Albuquerque and overall supply remains constrained relative to renter interest. Tight vacancy rates and strong competition for well-priced units have helped sustain or nudge rents higher. As of early 2026, the current median rent in the Rio Rancho region is approximately $1,540 per month across all unit types, reflecting the combined demand and supply dynamics in the local rental market.