ALBUQUERQUE, N.M. (KRQE) – Rental prices in Albuquerque skyrocketed in 2021. The latest report from Apartment List shows an 18% increase in rent over the last year compared to just under 8% nationwide.

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The median rent in Albuquerque for one-bedroom apartments stands at just under $1,000 while you can expect to pay more than $1,200 for a two-bedroom. A bit of good news, however, rent fell 1.7% last month in Albuquerque.