Studio Apartment Rent in Farmington, NM
Median asking rent for a studio apartment in Farmington, New Mexico as of July 2026. That's +34% lower than the citywide median of $1,341 and +31% below the national studio median of $1,290.
Income needed for a studio in Farmington
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Farmington
Compare Farmington's median rent across every apartment size.
Cheapest cities for a studio in New Mexico
| # | City | Studio rent |
|---|---|---|
| 1 | Alamogordo | $640 |
| 2 | Clovis | $670 |
| 3 | Portales | $680 |
| 4 | Roswell | $750 |
| 5 | Silver City | $770 |
| 6 | Carlsbad | $790 |
| 7 | Las Cruces | $800 |
| 8 | Santa Teresa | $800 |
| 9 | Hobbs | $810 |
| 10 | Farmington (this page) | $890 |
| 11 | Albuquerque | $949 |
| 12 | Los Lunas | $970 |
| 13 | Los Alamos | $990 |
| 14 | Rio Rancho | $1,165 |
| 15 | Santa Fe | $1,283 |
Most expensive cities for a studio in New Mexico
| # | City | Studio rent |
|---|---|---|
| 1 | Santa Fe | $1,283 |
| 2 | Rio Rancho | $1,165 |
| 3 | Los Alamos | $990 |
| 4 | Los Lunas | $970 |
| 5 | Albuquerque | $949 |
| 6 | Farmington (this page) | $890 |
| 7 | Hobbs | $810 |
| 8 | Santa Teresa | $800 |
| 9 | Las Cruces | $800 |
| 10 | Carlsbad | $790 |
| 11 | Silver City | $770 |
| 12 | Roswell | $750 |
| 13 | Portales | $680 |
| 14 | Clovis | $670 |
| 15 | Alamogordo | $640 |
Nearby cities — studio rent
Considering nearby alternatives? 2 of these cities have cheaper studio rents than Farmington.
| City | Distance | Studio rent | vs Farmington |
|---|---|---|---|
| Durango, CO | 53.3 mi | $1,260 | +$370 (+42%) |
| Cortez, CO | 55.1 mi | $910 | +$20 (+2%) |
| Montrose, CO | 123.5 mi | $880 | $-10 (-1%) |
| Rio Rancho, NM | 140.4 mi | $1,165 | +$275 (+31%) |
| Los Alamos, NM | 144.5 mi | $990 | +$100 (+11%) |
| Albuquerque, NM | 155.8 mi | $949 | +$59 (+7%) |
| Alamosa, CO | 169.7 mi | $790 | $-100 (-11%) |
| Santa Fe, NM | 171.3 mi | $1,283 | +$393 (+44%) |
Studio rent in Farmington — common questions
How much is a studio apartment in Farmington?
As of July 2026, the median studio apartment rent in Farmington, New Mexico is $890 per month. This is +34% below the citywide median of $1,341.
What income do you need to afford a studio in Farmington?
Using the standard 30% rent-to-income rule, you would need an annual income of about $35,600 ($2,967/month gross), which works out to roughly $17.12/hour at a full-time job.
Is Farmington expensive for a studio compared to the rest of the US?
Farmington's studio median of $890 is +31% below the national studio median of $1,290. It ranks in the 18th percentile of US cities tracked.
How does Farmington rank for studio rent in New Mexico?
Among the 15 cities in New Mexico with studio data, Farmington ranks #10 from cheapest to most expensive.
Are there cheaper studio options near Farmington?
Yes — nearby cities with cheaper studio rents include Montrose ($880), Alamosa ($790).