ZIP 87111
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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
January. Asking rents in ZIP 87111 usually run 1.4% below trend in January and 1.4% above it in September, about $41 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 87111 is 0% below its high of $1,466 in July 2026, at $1,466 as of September 2026.
Rent in ZIP 87111 changed +0.5% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 87111 rose 51.6% while median household income rose 26.7% ($71,239 to $90,290). Rent outpaced income.
Rent in ZIP 87111 is 52.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($90,290) is $2,257 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,840); a 3-bedroom is $2,560.
10th cheapest of 16 ZIP codes in Albuquerque.
ZIP 87123, 5 miles away, rents for 17% less ($1,213/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 87111. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 87111 in Albuquerque, NM has changed in 5 years
The median rent in ZIP 87111 in Albuquerque, NM stood at $1,053 in 2021 and currently runs about $1,466, reflecting a 39.2% 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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Tips for renters in ZIP 87111
Last updated: October 17, 2026
ZIP code 87111 covers Albuquerque, NM. The median rent here is $1,466/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,840/mo.
At 19% of local median household income ($90,290/yr), ZIP 87111 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.
Frequently asked questions
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How does ZIP 87111 compare to other ZIPs in New Mexico?
How does ZIP 87111 compare to the rest of Albuquerque?
At $1,466/mo, rent takes ~19% of ZIP 87111's median household income ($90,290/yr). The standard benchmark is 30%.
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