Rents are right about where Clovis's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,315 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Clovis is at its highest level since Zillow's records here began in January 2022.
Rent in Clovis changed +4.7% over the year to September 2026. Across the 12 New Mexico cities Zillow tracks, the typical change was +4.1%.
Rent has risen 7 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($54,820) is $1,371 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,250); a 4-bedroom is $1,650.
Portales, 26 miles away, rents for 23% less ($1,008/mo), about $3,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Clovis. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Clovis, NM is majority owner-occupied, has a large share of families with children, has a median income below the national average, 23.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Clovis, NM has changed in 5 years
Rent in Clovis, NM has climbed 23.4% since 2022, going from about $1,066 per month to roughly $1,315 today. Local incomes tracked alongside that move, going from a median of $50,109 in 2021 to $54,820 more recently. Rent outpaced income growth by roughly 14.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,505 to 37,942 between 2021 and 2024, a 1.5% change. About 37.9% of households rent today, against 43.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 20.7% to 23.6%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Clovis, NM market of 2022.
Discussions about Clovis
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Can you afford rent in Clovis on your salary?
At $1,315/mo, how Clovis rent compares to typical pay (30% rule).
Clovis rent by bedroom count
Median rent for each apartment size in Clovis. Click any size for full breakdown.
Tips for renters in Clovis
Last updated: October 17, 2026
The median rent in Clovis is $1,315/mo as of October 2026. A studio apartment averages $670/mo while a 2-bedroom runs $980/mo. One-bedroom apartments average $810/mo and 3-bedroom units go for $1,250/mo.
At 29% of local median household income ($54,820/yr), Clovis ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.
Frequently asked questions
How much income do you need to rent in Clovis?
Is rent going up or down in Clovis?
How does Clovis rent compare to other cities in New Mexico?
At $1,315/mo, rent takes ~29% of Clovis's median household income ($54,820/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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