At $1,371/mo, rent takes about 42% of the local median household income, well above the 30% benchmark.
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 $1,371 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: September 25, 2026
What the numbers show
30% of the median household income ($38,711) is $968 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($960); a 3-bedroom is $1,280.
From Zillow's monthly rent index (ZORI) for Silver City. 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
Silver City, NM is majority owner-occupied, has a large retiree population, has a median income below the national average, 35.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Silver City, NM has changed in 5 years
Median household income climbed from $31,451 to $38,711 between 2021 and 2024, a 23.1% shift. Census counts show Silver City, NM losing about 158 residents over the five-year window, down 1.6% on net. The renter share has eased from 50.5% to 39.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 27.6% to 35.8% across the same window.
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Can you afford rent in Silver City on your salary?
At $1,371/mo, how Silver City rent compares to typical pay (30% rule).
Silver City rent by bedroom count
Median rent for each apartment size in Silver City. Click any size for full breakdown.
Tips for renters in Silver City
Last updated: September 25, 2026
The median rent in Silver City is $1,371/mo as of September 2026. A studio apartment averages $770/mo while a 2-bedroom runs $960/mo. One-bedroom apartments average $770/mo and 3-bedroom units go for $1,280/mo.
At 42% of local median household income ($38,711/yr), Silver City ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Silver City?
How does Silver City rent compare to other cities in New Mexico?
At $1,371/mo, rent takes ~42% of Silver City's median household income ($38,711/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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