Average Rent in New Mexico

Rental market overview for New Mexico, powered by HUD and Census data.

Median Rent

$911

Median Income

$61,765

Rent Burden

29.7%

Avg FMR (2BR)

N/A

Affordability

New Mexico: 29.7% rent burden, near the 30% affordability threshold.

<25% 25 to 30%>30%

Affordability Map: Income vs Rent in New Mexico

Each dot is a city, sized by population. The diagonal line is the 30% rent to income threshold. Cities above the line tend to be unaffordable for median earners.

Cities in New Mexico by median income and median rent
City	Median income	Median rent	Rent burden
Albuquerque	$61,503	$1,014	31.0%
Las Cruces	$51,013	$907	36.2%
Rio Rancho	$78,978	$1,357	30.6%
Santa Fe	$67,663	$1,314	30.8%
Roswell	$48,298	$855	28.1%
Farmington	$61,388	$980	28.4%
Hobbs	$63,804	$1,067	26.2%
Clovis	$52,983	$932	30.1%
South Valley	$44,670	$873	32.3%
Carlsbad	$77,209	$1,143	23.1%
Alamogordo	$50,721	$858	28.4%
Gallup	$58,358	$838	24.2%
Los Lunas	$68,934	$1,098	30.0%
Sunland Park	$45,545	$718	33.6%
Chaparral	$44,219	$754	26.0%
Deming	$33,548	$538	29.7%
Los Alamos	$130,342	$1,222	17.6%
Las Vegas	$39,558	$690	30.9%
Artesia	$75,389	$850	26.6%
Portales	$49,313	$778	27.0%
Lovington	$70,029	$932	29.3%
North Valley	$59,421	$887	24.7%
Española	$44,427	$739	27.3%
Silver City	$36,853	$831	29.4%
Bernalillo	$57,905	$967	27.8%
Grants	$55,631	$815	29.4%
Anthony	$27,406	$591	30.0%
Socorro	$42,622	$708	32.4%
Corrales	$94,966	$1,201	33.3%
Shiprock	$38,393	$642	21.8%
Ruidoso	$36,033	$850	36.8%
Bloomfield	$49,442	$837	35.5%
Belen	$38,838	$831	29.6%
Zuni Pueblo	$43,594	$550	12.6%
Taos	$40,185	$953	36.7%
Santa Teresa	$58,320	$934	31.7%
Aztec	$45,846	$810	37.1%
Edgewood	$70,568	$939	24.4%
Raton	$40,899	$666	30.0%
Truth or Consequences	$28,685	$686	29.7%
Los Ranchos de Albuquerque	$67,747	$940	39.1%
North Hobbs	$78,608	$1,085	51.0%
White Rock	$144,661	$1,356	22.0%
Eldorado at Santa Fe	$93,969	$2,065	36.1%
Tucumcari	$34,424	$672	25.1%
El Cerro Mission	$45,264	$1,410	24.0%
Rio Communities	$45,179	$858	25.7%
Lee Acres	$44,850	$960	33.3%
Los Chaves	$77,364	$895	40.5%
Crouch Mesa	$50,100	$1,162	51.0%
Meadow Lake	$36,525	$722	51.0%
Paradise Hills	$68,710	$1,227	43.9%
Holloman AFB	$48,263	$1,209	28.3%
Placitas CDP (Sandoval County)	$105,216	$1,604	41.9%
Bosque Farms	$67,435	$870	33.9%
La Cienega	$72,959	$982	23.9%
Kirtland AFB	$75,900	$1,654	27.4%
Vado	$46,380	$471	32.9%
Peralta	$57,711	$870	38.7%
El Cerro	$108,200	$1,000	14.1%
Sandia Heights	$151,991	$2,567	23.8%
Eunice	$68,819	$1,091	29.2%
Chimayo	$61,250	$908	16.9%
Clayton	$33,239	$552	26.5%
Crownpoint	$35,362	$398	29.2%
Agua Fria	$42,411	$1,100	23.6%
La Mesilla	$71,473	$838	23.1%
West Hammond	$61,250	$1,207	24.8%
Milan	$36,433	$831	32.3%
Thoreau	$30,125	$869	51.0%
Flora Vista	$41,525	$1,149	51.0%
Pojoaque	$61,583	$922	22.3%
Dulce	$41,250	$534	13.2%
Jal	$56,731	$750	12.8%
Questa	$53,047	$920	26.4%
Nambe	$42,596	$1,009	21.0%
Moriarty	$33,026	$694	31.4%
Bayard	$34,699	$666	15.0%
Lordsburg	$37,240	$660	32.1%
Navajo	$28,160	$593	20.5%
La Plata	$53,056	$1,076	23.1%
Valencia CDP (Valencia County)	$59,743	$615	18.6%
Angustura	$54,500	$1,067	N/A
La Luz	$41,467	$576	41.3%
Picacho Hills	$143,864	$1,606	26.0%
El Valle de Arroyo Seco	$65,750	$1,148	15.8%
Santa Clara	$46,078	$788	36.7%
Jarales	$50,673	$547	17.1%
Hatch	$42,917	$513	35.9%
Radium Springs	$41,750	$712	33.4%
Mesilla	$65,809	$916	29.7%
Estancia	$32,286	$743	36.4%
Hurley	$39,313	$763	37.5%
Las Campanas	$173,333	$3,501	13.3%
El Rancho	$66,250	$954	23.8%
Rio Rancho Estates	$110,185	$1,104	29.3%
White Sands	$88,750	$1,280	18.3%
San Felipe Pueblo	$33,000	$675	51.0%
Taos Pueblo	$36,597	$1,047	26.4%
Loving	$50,000	$1,202	34.4%
Sandia Knolls	$98,298	$972	23.9%
Church Rock	$31,875	$786	23.5%
Capitan	$48,826	$931	17.9%
Paraje	$28,942	$213	9.0%
Doña Ana	$26,223	$705	33.9%
Waterflow	$58,309	$1,168	21.4%
Columbus	$26,549	$381	30.0%
Black Rock	$45,714	$666	23.3%
Spencerville	$71,705	$897	30.9%
Tesuque	$56,250	$1,013	24.3%
Iyanbito	$38,750	$525	18.3%
Mountainair	$38,482	$807	24.5%
Algodones	$40,500	$829	31.5%
Arenas Valley	$68,068	$946	51.0%
Carrizozo	$27,829	$582	37.2%
Dexter	$48,750	$632	28.6%
Santa Ana Pueblo	$59,318	$1,250	19.2%
Cañoncito	$69,178	$1,528	36.1%
Angel Fire	$76,875	$1,264	51.0%
Twin Lakes	$25,294	$394	16.3%
Santa Clara Pueblo	$48,625	$875	37.5%
Logan	$25,673	$1,105	51.0%
Springer	$36,458	$567	28.4%
Cedar Crest	$106,550	$859	N/A
Hernandez	$19,429	$775	29.3%
Mescalero	$29,359	$242	12.9%
Pecos	$42,105	$693	32.2%
Texico	$56,250	$993	32.0%
Cloudcroft	$51,484	$922	32.8%
San Jose CDP (Rio Arriba County)	$54,107	$863	30.6%
Chamita	$62,292	$687	33.1%
Cimarron	$35,917	$607	23.7%
Williamsburg	$36,354	$755	18.5%
Valle Vista	$35,833	$785	28.8%
Sunlit Hills	$82,639	$1,600	13.0%
Hagerman	$52,500	$593	13.6%
San Ildefonso Pueblo	$82,656	$593	16.9%
North Light Plant	$53,684	$1,085	14.8%
Peñasco	$31,429	$625	28.1%
Peña Blanca	$65,104	$967	9.0%
Tohatchi	$34,602	$667	32.1%
Williams Acres	$47,331	$907	25.3%
La Mesa	$38,693	$509	25.7%
Happy Valley	$61,083	$940	28.0%
Napi Headquarters	$26,362	$436	19.0%
Rio Lucio	$43,750	$1,118	27.0%
White Cliffs	$90,658	$872	12.8%
Glorieta	$46,394	$1,366	24.1%
Kirtland	$99,167	$875	30.5%
Conejo	$99,769	$1,986	49.9%
Tijeras	$59,219	$933	32.9%
Lake Arthur	$51,429	$1,125	28.3%
Placitas CDP (Doña Ana County)	$13,354	$459	32.1%
Pueblo of Sandia Village	$28,214	$864	23.3%
Cuyamungue	$64,500	$1,138	37.2%
Vaughn	$25,568	$414	21.3%
Wagon Mound	$41,192	$544	9.0%
Maxwell	$37,813	$500	21.3%
Tesuque Pueblo	$59,375	$481	51.0%
Peak Place	$47,500	$663	21.3%
Melrose	$34,219	$860	37.5%
Cochiti Lake	$57,813	$1,417	25.0%
Ojo Encino	$25,825	$700	40.7%
Newcomb	$27,375	$620	11.9%
Jaconita	$70,417	$1,114	51.0%
Ojo Amarillo	$21,510	$777	51.0%
Highland Meadows	$26,339	$804	N/A
Pinehill	$41,250	$616	17.6%
Reserve	$37,500	$1,021	38.8%
Vadito	$50,833	$1,000	25.0%
Sheep Springs	$19,886	$808	26.3%
Cuyamungue Grant	$91,094	$777	17.7%
Jacona	$50,625	$1,000	28.0%
Chamisal	$34,875	$850	36.3%
Jemez Springs	$88,750	$1,146	51.0%
Nageezi	$10,893	$663	41.0%
Glen Acres	$96,250	$838	13.0%
Roy	$38,693	$1,077	9.0%
Becenti	$33,906	$688	51.0%
Eagle Nest	$43,750	$896	32.3%
Alcalde	$42,813	$1,550	45.0%
Santa Cruz	$33,676	$583	41.0%
Nakaibito	$27,292	$913	51.0%
Rio en Medio	$94,063	$1,300	30.3%
Grady	$66,220	$713	51.0%

How New Mexico Compares to the National Average

Median Rent

$911▼ 33.3%

Rent Burden

29.7%▼ 2.0%

Vacancy Rate

25.4%▲ 194.9%

New Mexico Rental Market Overview

New Mexico has approximately 520 cities with rental data tracked by StayRentals. Roughly 20.2% of housing units in the state are renter-occupied. The state's median rent is approximately $911, which is 33% lower than the national median of $1,365. (Source: Census ACS)

The average New Mexico renter spends approximately 29.7% of their income on rent, compared to the national average of approximately 30.3%. This suggests the state is generally in line with or more affordable than national averages. (Source: Census ACS)

With a rental vacancy rate of approximately 25.4%, the New Mexico rental market may offer renters more options and negotiating power. (Source: Census ACS)

Rent Burden Distribution Across New Mexico Cities

45% of cities in New Mexico have a rent burden at or above 30% of household income.

City count by rent burden bracket for New Mexico
Burden bracket	Number of cities
Under 25%	67
25 to 30%	43
30 to 35%	38
35% and up	53

Most and Least Affordable Cities

Most Affordable Cities

Most Expensive Cities

Most affordable cities (lowest rent burden):

Zuni Pueblo: median rent of $550, median income of $43,594, resulting in a rent burden of approximately 12.6%. (Source: Census ACS)

Jal: median rent of $750, median income of $56,731, resulting in a rent burden of approximately 12.8%. (Source: Census ACS)

Dulce: median rent of $534, median income of $41,250, resulting in a rent burden of approximately 13.2%. (Source: Census ACS)

El Cerro: median rent of $1,000, median income of $108,200, resulting in a rent burden of approximately 14.1%. (Source: Census ACS)

Bayard: median rent of $666, median income of $34,699, resulting in a rent burden of approximately 15.0%. (Source: Census ACS)

Most expensive cities (highest rent burden):

Flora Vista: median rent of $1,149, with a rent burden of approximately 51.0%. Lower incomes relative to rent contribute to higher cost burden. (Source: Census ACS)

Thoreau: median rent of $869, with a rent burden of approximately 51.0%. Lower incomes relative to rent contribute to higher cost burden. (Source: Census ACS)

Meadow Lake: median rent of $722, with a rent burden of approximately 51.0%. Lower incomes relative to rent contribute to higher cost burden. (Source: Census ACS)

Crouch Mesa: median rent of $1,162, with a rent burden of approximately 51.0%. Lower incomes relative to rent contribute to higher cost burden. (Source: Census ACS)

North Hobbs: median rent of $1,085, with a rent burden of approximately 51.0%. Lower incomes relative to rent contribute to higher cost burden. (Source: Census ACS)

HUD Fair Market Rent by Bedroom

HUD Fair Market Rent data is reported at the county level for this state. See city pages for local FMR data.

Population vs Median Rent in New Mexico

In New Mexico, larger cities tend to have similar rents regardless of size.

Renting in New Mexico: What to Know

Renter protections and landlord-tenant laws vary by state and municipality within New Mexico. Most states require landlords to provide advance notice before raising rent on month-to-month leases, though the specific notice period varies. Some municipalities within New Mexico may have additional local tenant protections.

Housing laws change frequently. For advice specific to your situation, consult a local tenant rights organization, legal aid society, or attorney. StayRentals does not provide legal advice.

New Mexico Rental Market Trends

Rent trends for New Mexico are tracked through the Bureau of Labor Statistics Consumer Price Index for shelter costs. Nationally, rent costs have generally increased over the past decade, though the rate of increase varies by metro area and time period.

Detailed monthly rent CPI data is available for major metropolitan areas. Visit our homepage for the national rent CPI trend chart, or explore individual city pages for local context. (Source: BLS Consumer Price Index)

Cities in New Mexico

520 cities with rental data, sorted by population.

Showing top 50 of 520 by population

City	Population	Median Rent	Rent Burden	FMR (2BR)
Albuquerque	562,551	$1,014	31.0%	N/A
Las Cruces	111,273	$907	36.2%	N/A
Rio Rancho	104,351	$1,357	30.6%	N/A
Santa Fe	87,617	$1,314	30.8%	N/A
Roswell	48,035	$855	28.1%	N/A
Farmington	46,457	$980	28.4%	N/A
Hobbs	39,782	$1,067	26.2%	N/A
Clovis	38,453	$932	30.1%	N/A
South Valley	37,601	$873	32.3%	N/A
Carlsbad	31,755	$1,143	23.1%	N/A
Alamogordo	30,996	$858	28.4%	N/A
Gallup	21,672	$838	24.2%	N/A
Los Lunas	17,452	$1,098	30.0%	N/A
Sunland Park	16,773	$718	33.6%	N/A
Chaparral	15,290	$754	26.0%	N/A
Deming	14,756	$538	29.7%	N/A
Los Alamos	13,460	$1,222	17.6%	N/A
Las Vegas	13,194	$690	30.9%	N/A
Artesia	12,632	$850	26.6%	N/A
Portales	12,085	$778	27.0%	N/A
Lovington	11,495	$932	29.3%	N/A
North Valley	11,256	$887	24.7%	N/A
Española	10,473	$739	27.3%	N/A
Silver City	9,650	$831	29.4%	N/A
Bernalillo	9,286	$967	27.8%	N/A
Grants	9,177	$815	29.4%	N/A
Anthony	8,708	$591	30.0%	N/A
Socorro	8,605	$708	32.4%	N/A
Corrales	8,495	$1,201	33.3%	N/A
Shiprock	8,275	$642	21.8%	N/A
Ruidoso	7,696	$850	36.8%	N/A
Bloomfield	7,430	$837	35.5%	N/A
Belen	7,367	$831	29.6%	N/A
Zuni Pueblo	6,789	$550	12.6%	N/A
Taos	6,458	$953	36.7%	N/A
Santa Teresa	6,396	$934	31.7%	N/A
Aztec	6,214	$810	37.1%	N/A
Edgewood	6,113	$939	24.4%	N/A
Raton	6,046	$666	30.0%	N/A
Truth or Consequences	6,030	$686	29.7%	N/A
Los Ranchos de Albuquerque	5,894	$940	39.1%	N/A
North Hobbs	5,863	$1,085	51.0%	N/A
White Rock	5,592	$1,356	22.0%	N/A
Eldorado at Santa Fe	5,471	$2,065	36.1%	N/A
Tucumcari	5,206	$672	25.1%	N/A
El Cerro Mission	4,999	$1,410	24.0%	N/A
Rio Communities	4,913	$858	25.7%	N/A
Lee Acres	4,858	$960	33.3%	N/A
Los Chaves	4,840	$895	40.5%	N/A
Crouch Mesa	4,834	$1,162	51.0%	N/A

Data Sources

**Data Sources:**

U.S. Census Bureau American Community Survey (ACS) 5-Year Estimates

U.S. Department of Housing and Urban Development (HUD) Fair Market Rents

Bureau of Labor Statistics (BLS) Consumer Price Index for Rent of Primary Residence

Data is updated periodically. Census ACS data reflects 5-year estimates. HUD Fair Market Rents are updated annually. BLS rent CPI is updated monthly.

StayRentals is not a real estate agent, landlord, or property manager. This content is for educational and informational purposes only. Rent estimates are based on government data and may not reflect current market conditions. Housing laws vary by state and municipality. Consult a local tenant rights organization or attorney for advice specific to your situation.

Sources: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents, U.S. Census Bureau American Community Survey (ACS) 5-Year Estimates, Bureau of Labor Statistics (BLS) Consumer Price Index.

Data vintage: HUD FMR FY 2025, Census ACS 2019–2023 5-Year Estimates, BLS CPI updated monthly. Government data may lag 1–2 years behind current market conditions.