Record-high rent in New Mexico
Cities in New Mexico where this month's typical rent is the highest in Zillow's records for that city, fastest-rising first. Cities with 15,000+ residents.
Key findings
- Hobbs ranks first, with a median rent of $1,484/mo.
- Across all 6 cities on this list, the median rent is $1,452/mo.
Data as of September 2026. Cities whose rent this month is the highest in at least three years of Zillow's rent index for that city. 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
6 cities
| Rank | City | Median rent | 1-yr change | 5-yr change | Rent/income |
|---|---|---|---|---|---|
| 01 | HobbsNM | $1,484/mo | +9.9% | -- | 27.8% |
| 02 | RoswellNM | $1,263/mo | +8.7% | -- | 29.4% |
| 03 | AlamogordoNM | $1,533/mo | +4.9% | -- | 32.9% |
| 04 | ClovisNM | $1,315/mo | +4.7% | -- | 28.8% |
| 05 | Las CrucesNM | $1,439/mo | +1.8% | +26.9% | 31.2% |
| 06 | AlbuquerqueNM | $1,452/mo | +1.5% | +24.0% | 25.5% |