Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,464$17,568 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bernalillo County, NM
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bernalillo County, NM
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,009 | $12,108 | $40,360 | $19.40/hr |
| 1-Bedroom Apartment | $1,185 | $14,220 | $47,400 | $22.79/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,464 | $17,568 | $58,560 | $28.15/hr |
| 3-Bedroom Home | $2,036 | $24,432 | $81,440 | $39.15/hr |
| 4-Bedroom Home | $2,399 | $28,788 | $95,960 | $46.13/hr |
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Frequently Asked Questions About Rent in Bernalillo County, NM
What is the Fair Market Rent for a 2-bedroom in Bernalillo County, NM?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bernalillo County, NM is $1,464 per month ($17,568 per year).
What hourly wage is needed to afford rent in Bernalillo County, NM?
To comfortably afford a 2-bedroom apartment at $1,464/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.15 per hour ($58,560/year).
What are the HUD Fair Market Rents by bedroom count in Bernalillo County, NM?
Official 2026 HUD rents in Bernalillo County, NM are: Studio: $1,009/mo, 1-Bedroom: $1,185/mo, 2-Bedroom: $1,464/mo, 3-Bedroom: $2,036/mo, and 4-Bedroom: $2,399/mo.
How do HUD Fair Market Rents compare to local incomes in Bernalillo County, NM?
At the local Census ACS median household income of $69,473/year ($5,789/month), the benchmark 2-bedroom Fair Market Rent represents 25.3% of monthly income.
How is the 30% housing affordability standard calculated in Bernalillo County, NM?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,464/month, the required minimum annual gross income is calculated as ($1,464 × 12) ÷ 0.30 = $58,560 per year.