Albuquerque Multifamily Market Report – September 2025

Market Overview

‍The multifamily market in Albuquerque remains methodically steady in Q3 2025 with asking rent climbing 1.8 percent year-over-year to about $1,394 and occupancy holding at 94.7 percent. While a surge in recent deliveries has slightly pulled back leasing momentum, job growth of roughly 2.0 percent and a pipeline of 3,070 units under construction help keep the outlook positive.

‍About Yardi Matrix

‍Yardi Matrix is a research-driven analytics firm specialising in multifamily housing markets across the U.S. Their Albuquerque market report aggregates metro-level data on rent, occupancy, new supply and investment trends to support owners, developers and investors in timing decisions and strategic positioning. To read the full report, click here.