The New Mexico rental market
New Mexico tracks median rent across 15 cities, ranging from Portales at $862/mo to Los Alamos at $2,645/mo. The state average of $1,582/mo runs about 19% below the national median of $1,965/mo.
Across New Mexico cities, rents are rising, changing an average of +4.8% over the past year. 3 of 17 tracked cities are priced above the national median, while 14 fall below it. The largest rental markets are Albuquerque, Las Cruces, Rio Rancho.
New Mexico rent questions
What is the average rent in New Mexico?
The average median rent across 15 tracked cities in New Mexico is $1,582/mo, about 19% below the national median of $1,965/mo.
Which New Mexico city has the highest rent?
Los Alamos has the highest median rent in New Mexico at $2,645/mo.
Which New Mexico city has the most affordable rent?
Portales is the most affordable tracked city in New Mexico, with a median rent of $862/mo.
Are rents rising or falling in New Mexico?
Across New Mexico cities, median rents are rising, changing an average of +4.8% over the past year.
How does New Mexico rent compare to the rest of the country?
3 of 17 tracked New Mexico cities have a median rent above the national median of $1,965/mo, and 14 fall below it.
What are the largest rental markets in New Mexico?
By population, the largest rental markets in New Mexico are Albuquerque, Las Cruces, Rio Rancho. Each has its own rent data, trends, and ZIP-level breakdowns on RentDataNow.