Rents are 4% below what Los Lunas's 10-year trend predicts — a better deal than its own history suggests.
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 $2,040 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 Los Lunas is 7.9% below its high of $2,216 in December 2025, at $2,040 as of September 2026.
Rent in Los Lunas changed +1.6% over the year to September 2026. Across the 12 New Mexico cities Zillow tracks, the typical change was +4.1%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($62,330) is $1,558 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,410); a 3-bedroom is $1,980.
From Zillow's monthly rent index (ZORI) for Los Lunas. 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
Los Lunas, NM is majority owner-occupied, has a large share of families with children, has a median income below the national average, 25.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Los Lunas, NM has changed in 5 years
Five years ago, renters in Los Lunas, NM paid around $1,344 a month. That figure now sits near $2,040, up 51.8% from the 2023 baseline. Census figures show median household income at $62,330 today, compared with $65,617 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Los Lunas, NM adding about 1,546 residents over the five-year window, up 9.1% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
Discussions about Los Lunas
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Can you afford rent in Los Lunas on your salary?
At $2,040/mo, how Los Lunas rent compares to typical pay (30% rule).
Los Lunas rent by bedroom count
Median rent for each apartment size in Los Lunas. Click any size for full breakdown.
Tips for renters in Los Lunas
Last updated: October 17, 2026
The median rent in Los Lunas is $2,040/mo as of October 2026. A studio apartment averages $970/mo while a 2-bedroom runs $1,410/mo. One-bedroom apartments average $1,150/mo and 3-bedroom units go for $1,980/mo.
At 39% of local median household income ($62,330/yr), Los Lunas ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
How much income do you need to rent in Los Lunas?
Is rent going up or down in Los Lunas?
How does Los Lunas rent compare to other cities in New Mexico?
Which nearby cities are cheaper to rent in than Los Lunas?
At $2,040/mo, rent takes ~39% of Los Lunas's median household income ($62,330/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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