Two‐dimensional (2D) materials promote the development of nanoelectronic devices, which requires candidate systems with both a high carrier mobility and a moderate electronic bandgap. We present a first principles calculation of the intrinsic carrier mobilities of pristine (1L‐AlN) and hydrogenated (1L‐AlN‐H2) monolayer AlN. Numerical results reveal that 1L‐AlN shows a hole‐dominated ultra‐large carrier mobility (up to 5277 cm2 V−1 s−1). Upon full hydrogenation (1L‐AlN‐H2), the polarity of carrier mobility is reversed from hole dominated to electron dominated. This tunable polarity of intrinsic carrier mobility indicates monolayer AlN as a promising candidate for future nanoelectronics.