How much does it cost to rent in Clovis, NM?

As of August 2026, the median monthly rent in Clovis, NM is $1,272. This figure is based on aggregated data from public sources and community-submitted rents.

Is Clovis cheaper than other New Mexico cities?

Clovis is among the more affordable cities in New Mexico, ranking #14 out of 15 cities at $1,272/mo.

When was Clovis rent data last updated?

Clovis rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Clovis, NM?

HUD sets the Fair Market Rent for a two-bedroom home in Clovis, NM at $980 per month, which is 23% below the $1,272 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · NM

Clovis

Name: Average Rent Prices in Clovis, NM
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 37,942·14th most expensive in New Mexico·One of the most affordable rental markets in the US

Median rent (all units)

$1,272/mo

Year-over-Year

+4.7%

Month-over-Month

+5.5%

vs US Median

-$690

Rising (Monthly)

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Most AffordableMost Expensive

Clovis · $1,272

More affordable than 89% of US cities · National median $1,962/mo

Rent Reality Score

48/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Clovis's 10-year trend predicts.

Actual rent

$1,272/mo

Expected by trend

$1,259/mo

The Rent Reality Score compares today's median rent to where Clovis's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$670

1 BR

$810

2 BR

$980

3 BR

$1,250

4 BR+

$1,650

Fair Market Rent (HUD)

$980/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,272 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$15,264/yr

At $1,272/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.7% YoY, +5.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

37,942

Median income

$54,820

Median age

31.9

Renters

37.9%

Age distribution

26.6%

28.2%

23.1%

12.9%

Under 1826.6%

18–3428.2%

35–5423.1%

55–649.2%

65+12.9%

Gender

50%

Male50%

Female50%

Race & ethnicity

50.2%

48.9%

White50.2%

Black6.6%

Hispanic48.9%

Asian1.4%

Education (25+)

18.2%

26.8%

31.5%

23.6%

No HS diploma18.2%

HS diploma26.8%

Some college31.5%

Bachelor's+23.6%

Housing tenure

62.1%

37.9%

Owner62.1%

Renter37.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Clovis, NM has changed in 5 years

Rent

$974 → $1,272

up 30.6%

Income

$50,109 → $54,820

up 9.4%

Population

38,505 → 37,942

down 1.5%

Renter share

43.3% → 37.9%

-5.4 pts

Bachelor's+

20.7% → 23.6%

+2.9 pts

Rent in Clovis, NM has climbed 30.6% since 2022, going from about $974 per month to roughly $1,272 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 21.2 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.

Community

Discussions about Clovis

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View Clovis rent history (2015–2026) →

Salary vs rent

Can you afford rent in Clovis on your salary?

At $1,272/mo, how Clovis rent compares to typical pay (30% rule).

Registered Nurse

Avg $85,032/yr · Rent = 18% income

very comfortable

Elementary School Teacher

Avg $60,372/yr · Rent = 25.3% income

affordable

Police Officer

Avg $69,543/yr · Rent = 21.9% income

affordable

Software Developer

Avg $124,299/yr · Rent = 12.3% income

very comfortable

Lawyer

Avg $158,823/yr · Rent = 9.6% income

very comfortable

Firefighter

Avg $56,529/yr · Rent = 27% income

affordable

Truck Driver

Avg $51,039/yr · Rent = 29.9% income

affordable

Electrician

Avg $62,910/yr · Rent = 24.3% income

affordable

By apartment size

Clovis rent by bedroom count

Median rent for each apartment size in Clovis. Click any size for full breakdown.

Local insights

Tips for renters in Clovis

About renting in Clovis, NM

Last updated: August 17, 2026

The median rent in Clovis is $1,272/mo as of August 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 28% 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.

FAQ

Frequently asked questions

Is Clovis an affordable city for renters?

Clovis is considered affordable for renters. At $1,272/mo, rent takes approximately 28% of the local median household income ($54,820/yr). The standard benchmark is 30%. Clovis falls comfortably within that range.

How much income do you need to rent in Clovis?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,272/mo in Clovis. The local median household income is $54,820/yr, meaning the typical Clovis household meets that threshold.

Is rent going up or down in Clovis?

Rent in Clovis has increased 4.7% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Clovis rent compare to other cities in New Mexico?

Clovis is one of the more affordable cities in New Mexico for rent, ranking #14 out of 15 tracked cities at $1,272/mo.

Which nearby cities are cheaper to rent in than Clovis?

Portales is nearby and more affordable at $975/mo, which is $297 less than Clovis.

What percentage of Clovis residents rent vs. own?

According to Census data, approximately 37.9% of Clovis households are renters, while 62.1% are owner-occupied. Clovis leans toward homeownership, which can mean a smaller rental inventory.

How does Clovis rent compare to the national average?

Clovis's median rent of $1,272/mo is $690 (35%) below the US national median of $1,962/mo. Within New Mexico, it ranks #14 out of 15 tracked cities.

Income Affordability

28%

AFFORDABLE

At $1,272/mo, rent takes ~28% of Clovis's median household income ($54,820/yr). The standard benchmark is 30%.

Clovis 28%Benchmark 30%

State income tax1.7–5.9%

Run the Clovis affordability calculator →

Nearby cities