A new report says rent rates have skyrocketed in the metro over the last couple of years.
Albuquerque is in the middle of a housing squeeze – high home prices and rising rents are common. According to Apartment List's April 2022 report, rent is up nearly 19% from last year. In 2020, nearly 30% higher.
"We've seen a dramatic rent hike all across the city on all different types of properties. Things that were renting for $1,300 a month pre-pandemic, are now renting for 18 to 22," said Damon Maddox with Maddox Management.
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