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ZIP Code · NM

ZIP 87111

Pop. 57,085·Bernalillo County·20th most expensive ZIP in New Mexico
Median rent (all units)
$1,495/mo
Year-over-Year
+0.2%
Month-over-Month
+2.5%
vs US Median
-$456
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 87111 · $1,495
More affordable than 74% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$1,270
1 BR
$1,490
2 BR
$1,840
3 BR
$2,560
4 BR+
$3,010
Research median
$1,840/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$17,940/yr
At $1,495/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.2% YoY, +2.5% MoM), not inventory.
Demographics

Who lives here

ZIP 87111 (Albuquerque, NM) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.5% of residents hold a bachelor's degree or higher.

Population
57,085
Median income
$90,290
Median age
43.5
Renters
38.7%
Age distribution
16.1%
21.7%
24%
13.6%
24.6%
Under 1816.1%
18–3421.7%
35–5424%
55–6413.6%
65+24.6%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
69%
27%
White69%
Black1.6%
Hispanic27%
Asian3.7%
Education (25+)
14.5%
27%
56.5%
No HS diploma2.1%
HS diploma14.5%
Some college27%
Bachelor's+56.5%
Housing tenure
61.3%
38.7%
Owner61.3%
Renter38.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 87111 in Albuquerque, NM has changed in 5 years

Rent
$1,051 → $1,495
up 42.2%
Income
$73,290 → $90,290
up 23.2%
Population
57,518 → 57,085
down 0.8%
Renter share
39.4% → 38.7%
-0.7 pts
Bachelor's+
54.5% → 56.5%
+2.0 pts

The median rent in ZIP 87111 in Albuquerque, NM stood at $1,051 in 2021 and currently runs about $1,495, reflecting a 42.2% increase over the period. On the earnings side, the typical household in ZIP 87111 in Albuquerque, NM now reports about $90,290, up from $73,290 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 56.5% of adults here, versus 54.5% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 87111 in Albuquerque, NM reflects that arc in its own way.

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Local insights

Tips for renters in ZIP 87111

About renting in ZIP 87111

Last updated: June 22, 2026

ZIP code 87111 covers Albuquerque, NM. The median rent here is $1,495/mo as of June 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,840/mo.

At 20% of local median household income ($90,290/yr), ZIP 87111 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87111?

As of June 22, 2026, the median monthly rent in ZIP 87111 (Albuquerque, NM) is $1,495. This is based on aggregated data from public sources and community submissions.

How does ZIP 87111 rent compare to the US average?

ZIP 87111's median rent of $1,495/mo is $456 (23%) below the US national median of $1,951/mo.

How does ZIP 87111 compare to other ZIPs in New Mexico?

ZIP 87111 falls in the middle range for New Mexico, ranking #20 out of 37 ZIPs at $1,495/mo.

How much income do you need to rent in ZIP 87111?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,495/mo in ZIP 87111. The local median household income is $90,290/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87111?

Rent in ZIP 87111 has been relatively stable over the past year, with a 0.2% change year over year as of June 22, 2026.

Is ZIP 87111 an affordable place to rent?

ZIP 87111 is considered very affordable for renters. At $1,495/mo, rent takes approximately 20% of the local median household income ($90,290/yr). The standard benchmark is 30%. ZIP 87111 falls comfortably within that range.

What percentage of ZIP 87111 residents rent vs. own?

According to Census data, approximately 38.7% of ZIP 87111 households are renters, while 61.3% are owner-occupied. ZIP 87111 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87111 compare to the rest of Albuquerque?

ZIP 87111 is pricier than Albuquerque as a whole. At $1,495/mo, it's $15 above the Albuquerque citywide median of $1,480/mo.

When was rent data for ZIP 87111 last updated?

Rent data for ZIP 87111 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,495/mo, rent takes ~20% of ZIP 87111's median household income ($90,290/yr). The standard benchmark is 30%.

ZIP 87111 20%Benchmark 30%
State income tax1.7–5.9%
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Public schools near ZIP 87111 (Albuquerque, NM)

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