Most expensive cities for renters in New Mexico
Cities in New Mexico ranked by highest median rent. Cities with 15,000+ residents. Updated monthly.
Key findings
- Los Lunas ranks first, with a median rent of $2,040/mo.
- Across all 11 cities on this list, the median rent is $1,533/mo.
Data as of September 2026. Median rent from RentDataNow's monthly city data (Zillow's rent index where Zillow covers the city). Rank a year ago compares the same cities' rent 12 months earlier. Updated monthly. Download this list (CSV)
Best value (RRS)Overheated (RRS)Most affordableMost expensiveRent fallingRent risingBest rent/incomeMost rent-burdenedRecord-high rentSeasonal swingsRent vs. income
11 cities
| Rank | City | Median rent | 1-yr change | 5-yr change | Rent/income | Vs. a year ago |
|---|---|---|---|---|---|---|
| 01 | Los LunasNM | $2,040/mo | +1.6% | -- | 39.3% | same |
| 02 | Santa FeNM | $1,956/mo | +0.5% | +18.5% | 31.9% | same |
| 03 | Rio RanchoNM | $1,867/mo | +2.3% | +30.7% | 25.0% | same |
| 04 | CarlsbadNM | $1,596/mo | 0.0% | -- | 26.5% | -- |
| 05 | FarmingtonNM | $1,535/mo | +3.5% | -- | 26.8% | ↓1 from #4 |
| 06 | AlamogordoNM | $1,533/mo | +4.9% | -- | 32.9% | ↓1 from #5 |
| 07 | HobbsNM | $1,484/mo | +9.9% | -- | 27.8% | ↑1 from #8 |
| 08 | AlbuquerqueNM | $1,452/mo | +1.5% | +24.0% | 25.5% | ↓2 from #6 |
| 09 | Las CrucesNM | $1,439/mo | +1.8% | +26.9% | 31.2% | ↓2 from #7 |
| 10 | ClovisNM | $1,315/mo | +4.7% | -- | 28.8% | ↓1 from #9 |
| 11 | RoswellNM | $1,263/mo | +8.7% | -- | 29.4% | ↓1 from #10 |