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ZIP Code · NM

ZIP 87121

Pop. 75,510·Bernalillo County·17th most expensive ZIP in New Mexico
Median rent (all units)
$1,614/mo
Year-over-Year
-4.3%
Month-over-Month
-0.6%
vs US Median
-$337
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 87121 · $1,614
More affordable than 65% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,400
2 BR
$1,730
3 BR
$2,410
4 BR+
$2,830
Research median
$1,730/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
$19,368/yr
At $1,614/mo median
Location
StateNM
CountyBernalillo County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.3% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 87121 (Albuquerque, NM) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 13.2% of residents hold a bachelor's degree or higher.

Population
75,510
Median income
$60,796
Median age
32.6
Renters
23.1%
Age distribution
28%
25.1%
27.3%
Under 1828%
18–3425.1%
35–5427.3%
55–649.5%
65+10%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
24.1%
79.8%
White24.1%
Black2.9%
Hispanic79.8%
Asian1.8%
Education (25+)
20.3%
35.5%
31.1%
13.2%
No HS diploma20.3%
HS diploma35.5%
Some college31.1%
Bachelor's+13.2%
Housing tenure
76.9%
23.1%
Owner76.9%
Renter23.1%

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

2021 vs 2026

How ZIP 87121 in Albuquerque, NM has changed in 5 years

Rent
$1,159 → $1,614
up 39.3%
Income
$47,980 → $60,796
up 26.7%
Population
75,378 → 75,510
up 0.2%
Renter share
27.6% → 23.1%
-4.5 pts
Bachelor's+
13.2% → 13.2%
+0.0 pts
Median age
30.4 → 32.6
+2.2 yrs

Compared with 2021, rent in ZIP 87121 in Albuquerque, NM has increased by $455 per month, settling near $1,614 after starting the period at $1,159. Median household income grew from $47,980 to $60,796 between 2021 and 2024, a 26.7% shift. Rent outpaced income growth by roughly 12.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 23.1% of households rent today, against 27.6% in 2021. Taken together, the five-year picture in ZIP 87121 in Albuquerque, NM reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

Tips for renters in ZIP 87121

About renting in ZIP 87121

Last updated: June 22, 2026

ZIP code 87121 covers Albuquerque, NM. The median rent here is $1,614/mo as of June 2026. A 1-bedroom rents for a median of $1,400/mo. A 2-bedroom rents for a median of $1,730/mo.

At 32% of local median household income ($60,796/yr), ZIP 87121 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 87121?

As of June 22, 2026, the median monthly rent in ZIP 87121 (Albuquerque, NM) is $1,614. This is based on aggregated data from public sources and community submissions.

How does ZIP 87121 rent compare to the US average?

ZIP 87121's median rent of $1,614/mo is $337 (17%) below the US national median of $1,951/mo.

How does ZIP 87121 compare to other ZIPs in New Mexico?

ZIP 87121 falls in the middle range for New Mexico, ranking #17 out of 37 ZIPs at $1,614/mo.

How much income do you need to rent in ZIP 87121?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,614/mo in ZIP 87121. The local median household income is $60,796/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 87121?

Rent in ZIP 87121 has decreased 4.3% over the past year as of June 22, 2026, offering some relief compared to 12 months ago.

Is ZIP 87121 an affordable place to rent?

ZIP 87121 is considered moderate for renters. At $1,614/mo, rent takes approximately 32% of the local median household income ($60,796/yr). The standard benchmark is 30%. ZIP 87121 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 87121 residents rent vs. own?

According to Census data, approximately 23.1% of ZIP 87121 households are renters, while 76.9% are owner-occupied. ZIP 87121 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 87121 compare to the rest of Albuquerque?

ZIP 87121 is pricier than Albuquerque as a whole. At $1,614/mo, it's $134 above the Albuquerque citywide median of $1,480/mo.

When was rent data for ZIP 87121 last updated?

Rent data for ZIP 87121 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $1,614/mo, rent takes ~32% of ZIP 87121's median household income ($60,796/yr). The standard benchmark is 30%.

ZIP 87121 32%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 87121 (Albuquerque, NM)

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