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Rent Tracker
The average asking rent in Albuquerque, NM is $1,489/month as of 2026-03. That is +0.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,489/mo
as of 2026-03
Year-over-Year Change
+0.9%
Monthly ZORI index values for Albuquerque, NM.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,489 | +0.74% |
| 2026-02 | $1,478 | +0.07% |
| 2026-01 | $1,477 | -0.20% |
| 2025-12 | $1,480 | -0.67% |
| 2025-11 | $1,490 | -0.40% |
| 2025-10 | $1,496 | -0.13% |
| 2025-09 | $1,498 | +0.47% |
| 2025-08 | $1,491 | +0.13% |
| 2025-07 | $1,489 | +0.20% |
| 2025-06 | $1,486 | -0.20% |
| 2025-05 | $1,489 | +0.47% |
| 2025-04 | $1,482 | +0.41% |
| 2025-03 | $1,476 | +0.61% |
| 2025-02 | $1,467 | +0.48% |
| 2025-01 | $1,460 | +0.34% |
| 2024-12 | $1,455 | +0.00% |
| 2024-11 | $1,455 | -0.27% |
| 2024-10 | $1,459 | -0.14% |
| 2024-09 | $1,461 | +0.14% |
| 2024-08 | $1,459 | +0.41% |
| 2024-07 | $1,453 | +0.35% |
| 2024-06 | $1,448 | +0.63% |
| 2024-05 | $1,439 | +0.56% |
| 2024-04 | $1,431 | — |
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report