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ZIP Code · NM

ZIP 87113

Pop. 16,074·Bernalillo County·5th most expensive ZIP in New Mexico
Median rent (all units)
$2,042/mo
Year-over-Year
-1.4%
Month-over-Month
-0.3%
vs US Median
+$77
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 87113 · $2,042
More expensive than 63% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,650
2 BR
$2,040
3 BR
$2,840
4 BR+
$3,340
Research median
$2,040/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: July 20, 2026

Annual cost
$24,504/yr
At $2,042/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.4% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 87113 (Albuquerque, NM) is majority owner-occupied, has a median income above the national average, 50.5% of residents hold a bachelor's degree or higher.

Population
16,074
Median income
$95,922
Median age
40.2
Renters
28.8%
Age distribution
25%
16.7%
31.8%
14.9%
Under 1825%
18–3416.7%
35–5431.8%
55–6411.7%
65+14.9%
Gender
53.5%
46.5%
Male53.5%
Female46.5%
Race & ethnicity
46.4%
36.2%
14.9%
White46.4%
Black1.6%
Hispanic36.2%
Asian14.9%
Other0.8%
Education (25+)
15.4%
24.2%
50.5%
No HS diploma9.9%
HS diploma15.4%
Some college24.2%
Bachelor's+50.5%
Housing tenure
71.2%
28.8%
Owner71.2%
Renter28.8%

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

2021 vs 2026

How ZIP 87113 in Albuquerque, NM has changed in 5 years

Rent
$1,670 → $2,042
up 22.3%
Income
$79,288 → $95,922
up 21.0%
Population
16,879 → 16,074
down 4.8%
Renter share
30.3% → 28.8%
-1.5 pts
Bachelor's+
50.1% → 50.5%
+0.4 pts
Median age
39.7 → 40.2
+0.5 yrs

Rent in ZIP 87113 in Albuquerque, NM has climbed 22.3% since 2021, going from about $1,670 per month to roughly $2,042 today. Local incomes tracked alongside that move, going from a median of $79,288 in 2021 to $95,922 more recently. Headcount in the area went from 16,879 to 16,074 between 2021 and 2024, a 4.8% change. About 28.8% of households rent today, against 30.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 87113 in Albuquerque, NM market of 2021.

Community

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Local insights

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About renting in ZIP 87113

Last updated: July 20, 2026

ZIP code 87113 covers Albuquerque, NM. The median rent here is $2,042/mo as of July 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $2,040/mo.

At 26% of local median household income ($95,922/yr), ZIP 87113 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87113?

As of July 20, 2026, the median monthly rent in ZIP 87113 (Albuquerque, NM) is $2,042. This is based on aggregated data from public sources and community submissions.

How does ZIP 87113 rent compare to the US average?

ZIP 87113's median rent of $2,042/mo is $77 (4%) above the US national median of $1,965/mo.

How does ZIP 87113 compare to other ZIPs in New Mexico?

ZIP 87113 is one of the pricier ZIP codes in New Mexico, ranking #5 out of 35 ZIPs tracked at $2,042/mo.

How much income do you need to rent in ZIP 87113?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,042/mo in ZIP 87113. The local median household income is $95,922/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 87113?

Rent in ZIP 87113 has decreased 1.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 87113 an affordable place to rent?

ZIP 87113 is considered affordable for renters. At $2,042/mo, rent takes approximately 26% of the local median household income ($95,922/yr). The standard benchmark is 30%. ZIP 87113 falls comfortably within that range.

What percentage of ZIP 87113 residents rent vs. own?

According to Census data, approximately 28.8% of ZIP 87113 households are renters, while 71.2% are owner-occupied. ZIP 87113 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87113 compare to the rest of Albuquerque?

ZIP 87113 is pricier than Albuquerque as a whole. At $2,042/mo, it's $556 above the Albuquerque citywide median of $1,486/mo.

When was rent data for ZIP 87113 last updated?

Rent data for ZIP 87113 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,042/mo, rent takes ~26% of ZIP 87113's median household income ($95,922/yr). The standard benchmark is 30%.

ZIP 87113 26%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87113 (Albuquerque, NM)

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