1-Bedroom Rent · July 2026

1-Bedroom Apartment Rent in Portales, NM

$720/mo

Median asking rent for a 1-bedroom apartment in Portales, New Mexico as of July 2026. That's +16% lower than the citywide median of $862 and +48% below the national 1-bedroom median of $1,395.

1-Bedroom median
$720
July 2026
vs city overall
-16%
$862 city median
vs national
-48%
$1,395 US median
New Mexico rank
#1
of 15 cities

Income needed for a 1-bedroom in Portales

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 1-bedroom at the current median rent.

Annual income
$28,800
Monthly gross
$2,400
Hourly (full-time)
$13.85

Rent by apartment size in Portales

Compare Portales's median rent across every apartment size.

Studio
$680
1-Bedroom (current)
$720
2-Bedroom
$930
3-Bedroom
$1,310
4+ Bedroom
$1,580

Cheapest cities for a 1-bedroom in New Mexico

#City1-Bedroom rent
1Portales (this page)$720
2Alamogordo$760
3Silver City$770
4Roswell$800
5Clovis$810
6Hobbs$870
7Farmington$910
8Carlsbad$980
9Las Cruces$1,016
10Santa Teresa$1,020
11Los Alamos$1,100
12Albuquerque$1,128
13Los Lunas$1,150
14Rio Rancho$1,380
15Santa Fe$1,420

Most expensive cities for a 1-bedroom in New Mexico

#City1-Bedroom rent
1Santa Fe$1,420
2Rio Rancho$1,380
3Los Lunas$1,150
4Albuquerque$1,128
5Los Alamos$1,100
6Santa Teresa$1,020
7Las Cruces$1,016
8Carlsbad$980
9Farmington$910
10Hobbs$870
11Clovis$810
12Roswell$800
13Silver City$770
14Alamogordo$760
15Portales (this page)$720

Nearby cities — 1-bedroom rent

Most nearby cities have similar or higher 1-bedroom rents than Portales.

CityDistance1-Bedroom rentvs Portales
Clovis, NM25.6 mi$810+$90 (+13%)
Roswell, NM82.8 mi$800+$80 (+11%)
Hobbs, NM99.2 mi$870+$150 (+21%)
Wolfforth, TX100.1 mi$1,100+$380 (+53%)
Lubbock, TX104.7 mi$998+$278 (+39%)
Canyon, TX110.6 mi$900+$180 (+25%)
Amarillo, TX121.9 mi$1,007+$287 (+40%)
Carlsbad, NM147.8 mi$980+$260 (+36%)

1-Bedroom rent in Portales — common questions

How much is a 1-bedroom apartment in Portales?

As of July 2026, the median 1-bedroom apartment rent in Portales, New Mexico is $720 per month. This is +16% below the citywide median of $862.

What income do you need to afford a 1-bedroom in Portales?

Using the standard 30% rent-to-income rule, you would need an annual income of about $28,800 ($2,400/month gross), which works out to roughly $13.85/hour at a full-time job.

Is Portales expensive for a 1-bedroom compared to the rest of the US?

Portales's 1-bedroom median of $720 is +48% below the national 1-bedroom median of $1,395. It ranks in the 2th percentile of US cities tracked.

How does Portales rank for 1-bedroom rent in New Mexico?

Among the 15 cities in New Mexico with 1-bedroom data, Portales ranks #1 from cheapest to most expensive.

Are there cheaper 1-bedroom options near Portales?

Most nearby cities have similar or higher 1-bedroom rents than Portales.

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Portales, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (July 2026) and exclude cities with median rent below $400 or above $20,000.