Moving in or out mid-month in Albuquerque? Enter your monthly rent and date to calculate exactly what you owe for a partial month, with New Mexico deposit and notice rules for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Prorated rent is what you pay for a partial month when you move in or out on a day other than the first. With average Albuquerque rent near $1,150/month, the standard method divides monthly rent by the days in the month and multiplies by days occupied. New Mexico caps the security deposit at one month's rent for leases shorter than one year and requires the landlord to return it, with an itemized statement of any deductions, within 30 days of move-out. A 30-day written notice generally ends a month-to-month tenancy.
| Rule (New Mexico) | Detail |
|---|---|
| Average 1-bedroom rent | $1,150/month |
| Average 2-bedroom rent | $1,400/month |
| Security deposit limit | one month's rent (for leases shorter than one year) |
| Deposit return deadline | 30 days after move-out |
| Month-to-month notice | 30 days written notice |
| Standard proration formula | Rent ÷ days in month × days occupied |
Example: rent is $1,150, move-in is the 10th of a 30-day month, so 21 days remain. Prorated rent is ($1,150 ÷ 30) × 21 = $805.
Albuquerque is the largest city in New Mexico, anchored by Kirtland Air Force Base and Sandia National Laboratories, with an economy spanning defense and research, healthcare, a growing film-production industry, and tourism along the Rio Grande.
| Local Metric | Albuquerque (2026 estimate) |
|---|---|
| Metro population | 560,000 |
| County / jurisdiction | Bernalillo County |
| Cost of living index (US avg = 100) | 94 |
| MIT living wage, single adult | $20.00/hour |
| MIT living wage, one earner supporting a family of four | $40.50/hour |
| Applicable minimum wage | $12.50/hour |
| Average rent, 1-bedroom | $1,150/month |
| Average rent, 2-bedroom | $1,400/month |
| Median home price | $320,000 |
| Median household income | $60,000/year |
| Combined Gross Receipts Tax rate | 7.75% |
| Effective property tax rate | 0.85% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your monthly rent by the number of days in the move-in month, then multiply by the days you occupy the unit. For example, $1,150 rent divided by 30 days times 15 days occupied is $575. Use the calculator above for your dates.
Average rent in Albuquerque is about $1,150/month for a 1-bedroom and $1,400 for a 2-bedroom, which is why getting proration right matters when you move mid-month.
In New Mexico the security deposit limit is one month's rent (for leases shorter than one year). The deposit must be returned within 30 days of move-out with an itemized statement of any deductions. New Mexico caps the security deposit at one month's rent for leases shorter than one year and requires the landlord to return it, with an itemized statement of any deductions, within 30 days of move-out. A 30-day written notice generally ends a month-to-month tenancy.
In New Mexico, 30 days of written notice generally ends a month-to-month tenancy, though your lease may require more. Notice timing also affects your final prorated rent.
There is no statute mandating a specific proration method in New Mexico, but most landlords prorate as standard practice. Confirm the method in writing in your lease before signing to avoid disputes.