ZIP 87104
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 87104 is 0.9% below its high of $1,745 in February 2026, at $1,730 as of September 2026.
Rent in ZIP 87104 changed +4.2% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($75,436) is $1,886 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,410); a 3-bedroom is $1,960.
14th cheapest of 16 ZIP codes in Albuquerque.
ZIP 87102, 2 miles away, rents for 35% less ($1,133/mo), about $7,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87104. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 87104 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, 48.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87104 in Albuquerque, NM has changed in 5 years
Rent in ZIP 87104 in Albuquerque, NM has increased 12.7% since 2023, going from about $1,535 per month to roughly $1,730 today. Census figures show median household income at $75,436 today, compared with $60,343 five years earlier. Income growth outran rent by about 12.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 13,468 to 12,853 between 2021 and 2024, a 4.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.7% to 48.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
Discussions about ZIP 87104
No discussions yet. Start the conversation.
Tips for renters in ZIP 87104
Last updated: October 17, 2026
ZIP code 87104 covers Albuquerque, NM. The median rent here is $1,730/mo as of October 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,410/mo.
At 28% of local median household income ($75,436/yr), ZIP 87104 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 87104?
Is rent going up or down in ZIP 87104?
How does ZIP 87104 compare to other ZIPs in New Mexico?
How does ZIP 87104 compare to the rest of Albuquerque?
At $1,730/mo, rent takes ~28% of ZIP 87104's median household income ($75,436/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.