Average Rent in 87106, Albuquerque, NM

Current Versus Historical 87106, Albuquerque, NM Rents

87106 rentals average $810 for a studio rental to $2,650 for a 4-bedroom rental. The median price of all currently available listings is $1,185, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $159 (-16.68%) year-over-year from $954 to $795. 1-bedroom rentals prices have decreased by $108 (-11.91%) year-over-year from $908 to $800. 2-bedroom rentals prices have increased by $25 (2.04%) year-over-year from $1,225 to $1,250. 3-bedroom rentals prices have increased by $357 (20.49%) year-over-year from $1,741 to $2,098. 4-bedroom rentals prices have increased by $680 (34.54%) year-over-year from $1,970 to $2,650. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.49% this month. 1-bedroom rents have gone down by 3.54% this month. 2-bedroom rents have gone up by 7.91% this month. 3-bedroom rents have gone up by 1.99% this month. 4-bedroom rents have gone down by 19.27% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.90	$795	$954 (-16.68%)	$520 (52.88%)
1 BR	$1.60	$800	$908 (-11.91%)	$633 (26.32%)
2 BR	$1.71	$1,250	$1,225 (2.04%)	$845 (47.93%)
3 BR	$1.25	$2,098	$1,741 (20.49%)	$1,208 (73.59%)
4+ BR	$1.59	$2,650	$1,970 (34.54%)	$1,962 (35.09%)

Historical Rents in 87106, Albuquerque, NM

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 87106

There are a total of 1 cities nearby 87106. The average rent in 87106 is currently $1,275 per month. Our records show that Albuquerque, NM, with an average rent of $1,275, is the most affordable city nearby. In contrast, the most expensive city near 87106, Albuquerque, NM is Albuquerque, NM. Monthly rents here are on average $1,275 per month.

Let's compare 87106, Albuquerque, NM's rent against other top cities nearby by bedroom size. Typically, rent for studios in 87106, Albuquerque, NM is 2.04% more affordable than other cities nearby. One bedrooms are about 16.88% more affordable. Two bedrooms in 87106, Albuquerque, NM are about 6.04% more affordable. Finally, rent for three bedrooms are about 2.50% more affordable. Want more information? Check out the top 1 cities near 87106, Albuquerque, NM in the following chart.

City	Studio	1 Bed	2 Bed	All
Albuquerque, NM	$827	$935	$1,273	$1,275

Top Neighborhoods Near 87106

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near 87106

The average rent for rentals in these counties is $1,295. That's roughly around $1 per sqft. The county that is the most affordable is Bernalillo, NM. It's average rent per month is $1,295. Vice versa, with an average rent of $1,295, Bernalillo, NM is the most expensive county by 87106, Albuquerque, NM.

Typically, rent for studios in 87106, Albuquerque, NM is 2.04% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 87106, Albuquerque, NM is 18.44% more affordable than other counties nearby. Finally, rent for two bedrooms in 87106, Albuquerque, NM is 7.92% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Bernalillo, NM	$827	$948	$1,295	$1,295

Top Zipcodes Near 87106

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - 87106 Average Rents

What is the average rent price in 87106, Albuquerque, NM?

The average monthly rental price for 87106, Albuquerque, NM apartments for rent is approximately $1,185. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 87106, Albuquerque, NM rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 87106, Albuquerque, NM.

How much is a studio apartment in 87106, Albuquerque, NM?

The average monthly rental price for studio apartments is $810 and an average price per square feet of $1.90. There are a total of 2 studio apartment listings currently available for rent in 87106.

How much is a one bedroom apartment in 87106, Albuquerque, NM?

The average monthly rental price for one bedroom apartments is $800 and an average price per square feet of $1.60. There are a total of 7 one bedroom apartment listings currently available for rent in 87106.

How much is a two bedroom apartment in 87106, Albuquerque, NM?

The average monthly rental price for two bedroom apartments is $1,200 and an average price per square feet of $1.71. There are a total of 8 two bedroom apartment listings currently available for rent in 87106.

How have rent prices in 87106, Albuquerque, NM changed this year?

Rent prices for rentals in 87106, Albuquerque, NM can fluctuate yearly. Specifically, studio rental prices have changed by -0.17%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.20% year-over-year.

What is a reasonable rent price in 87106, Albuquerque, NM?

A reasonable rent price in 87106, Albuquerque, NM is around $948/month. You can search for these reasonably priced rental listings on RentHop.