2-Bedroom Apartment Rent in Portales, NM
Median asking rent for a 2-bedroom apartment in Portales, New Mexico as of July 2026. That's +8% higher than the citywide median of $862 and +44% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-bedroom at the current median rent.
Rent by apartment size in Portales
Compare Portales's median rent across every apartment size.
Cheapest cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Alamogordo | $930 |
| 2 | Portales (this page) | $930 |
| 3 | Silver City | $960 |
| 4 | Clovis | $980 |
| 5 | Roswell | $1,030 |
| 6 | Carlsbad | $1,080 |
| 7 | Farmington | $1,100 |
| 8 | Las Cruces | $1,124 |
| 9 | Santa Teresa | $1,130 |
| 10 | Hobbs | $1,140 |
| 11 | Albuquerque | $1,383 |
| 12 | Los Alamos | $1,400 |
| 13 | Los Lunas | $1,410 |
| 14 | Santa Fe | $1,690 |
| 15 | Rio Rancho | $1,695 |
Most expensive cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $1,695 |
| 2 | Santa Fe | $1,690 |
| 3 | Los Lunas | $1,410 |
| 4 | Los Alamos | $1,400 |
| 5 | Albuquerque | $1,383 |
| 6 | Hobbs | $1,140 |
| 7 | Santa Teresa | $1,130 |
| 8 | Las Cruces | $1,124 |
| 9 | Farmington | $1,100 |
| 10 | Carlsbad | $1,080 |
| 11 | Roswell | $1,030 |
| 12 | Clovis | $980 |
| 13 | Silver City | $960 |
| 14 | Portales (this page) | $930 |
| 15 | Alamogordo | $930 |
Nearby cities — 2-bedroom rent
Most nearby cities have similar or higher 2-bedroom rents than Portales.
| City | Distance | 2-Bedroom rent | vs Portales |
|---|---|---|---|
| Clovis, NM | 25.6 mi | $980 | +$50 (+5%) |
| Roswell, NM | 82.8 mi | $1,030 | +$100 (+11%) |
| Hobbs, NM | 99.2 mi | $1,140 | +$210 (+23%) |
| Wolfforth, TX | 100.1 mi | $1,300 | +$370 (+40%) |
| Lubbock, TX | 104.7 mi | $1,183 | +$253 (+27%) |
| Canyon, TX | 110.6 mi | $1,090 | +$160 (+17%) |
| Amarillo, TX | 121.9 mi | $1,226 | +$296 (+32%) |
| Carlsbad, NM | 147.8 mi | $1,080 | +$150 (+16%) |
2-Bedroom rent in Portales — common questions
How much is a 2-bedroom apartment in Portales?
As of July 2026, the median 2-bedroom apartment rent in Portales, New Mexico is $930 per month. This is +8% higher than the citywide median of $862.
What income do you need to afford a 2-bedroom in Portales?
Using the standard 30% rent-to-income rule, you would need an annual income of about $37,200 ($3,100/month gross), which works out to roughly $17.88/hour at a full-time job.
Is Portales expensive for a 2-bedroom compared to the rest of the US?
Portales's 2-bedroom median of $930 is +44% below the national 2-bedroom median of $1,655. It ranks in the 2th percentile of US cities tracked.
How does Portales rank for 2-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 2-bedroom data, Portales ranks #2 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Portales?
Most nearby cities have similar or higher 2-bedroom rents than Portales.