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ZIP Code · NM

ZIP 88005

Pop. 27,509·Dona Ana County·32nd most expensive ZIP in New Mexico
Median rent (all units)
$1,118/mo
Year-over-Year
+9.0%
Month-over-Month
-9.6%
vs US Median
-$847
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 88005 · $1,118
More affordable than 95% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$740
1 BR
$950
2 BR
$1,040
3 BR
$1,450
4 BR+
$1,580
Research median
$1,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$13,416/yr
At $1,118/mo median
Location
StateNM
CountyDona Ana County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+9.0% YoY, -9.6% MoM), not inventory.
Demographics

Who lives here

ZIP 88005 (Las Cruces, NM) is majority owner-occupied, has a large retiree population, has a median income below the national average, 32.1% of residents hold a bachelor's degree or higher.

Population
27,509
Median income
$54,452
Median age
37.3
Renters
39.2%
Age distribution
18.5%
29.6%
18.2%
12.8%
20.9%
Under 1818.5%
18–3429.6%
35–5418.2%
55–6412.8%
65+20.9%
Gender
47%
53%
Male47%
Female53%
Race & ethnicity
44.5%
59.6%
White44.5%
Black1.3%
Hispanic59.6%
Asian0.6%
Education (25+)
14.5%
22.4%
31.1%
32.1%
No HS diploma14.5%
HS diploma22.4%
Some college31.1%
Bachelor's+32.1%
Housing tenure
60.8%
39.2%
Owner60.8%
Renter39.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 88005 in Las Cruces, NM has changed in 5 years

Income
$46,491 → $54,452
up 17.1%
Population
28,647 → 27,509
down 4.0%
Renter share
42.4% → 39.2%
-3.2 pts
Bachelor's+
30.6% → 32.1%
+1.5 pts
Median age
33.6 → 37.3
+3.7 yrs

On the earnings side, the typical household in ZIP 88005 in Las Cruces, NM now reports about $54,452, up from $46,491 in 2021. Headcount in the area went from 28,647 to 27,509 between 2021 and 2024, a 4.0% change. About 39.2% of households rent today, against 42.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 88005

About renting in ZIP 88005

Last updated: July 20, 2026

ZIP code 88005 covers Las Cruces, NM. The median rent here is $1,118/mo as of July 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 25% of local median household income ($54,452/yr), ZIP 88005 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 88005?

As of July 20, 2026, the median monthly rent in ZIP 88005 (Las Cruces, NM) is $1,118. This is based on aggregated data from public sources and community submissions.

How does ZIP 88005 rent compare to the US average?

ZIP 88005's median rent of $1,118/mo is $847 (43%) below the US national median of $1,965/mo.

How does ZIP 88005 compare to other ZIPs in New Mexico?

ZIP 88005 is among the more affordable ZIP codes in New Mexico, ranking #32 out of 35 ZIPs at $1,118/mo.

How much income do you need to rent in ZIP 88005?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (~$22/hour full-time) to afford the median rent of $1,118/mo in ZIP 88005. The local median household income is $54,452/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 88005?

Rent in ZIP 88005 has increased 9.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 88005 an affordable place to rent?

ZIP 88005 is considered affordable for renters. At $1,118/mo, rent takes approximately 25% of the local median household income ($54,452/yr). The standard benchmark is 30%. ZIP 88005 falls comfortably within that range.

What percentage of ZIP 88005 residents rent vs. own?

According to Census data, approximately 39.2% of ZIP 88005 households are renters, while 60.8% are owner-occupied. ZIP 88005 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 88005 compare to the rest of Las Cruces?

ZIP 88005 is more affordable than Las Cruces overall. At $1,118/mo, it's $306 below the Las Cruces citywide median of $1,424/mo.

When was rent data for ZIP 88005 last updated?

Rent data for ZIP 88005 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,118/mo, rent takes ~25% of ZIP 88005's median household income ($54,452/yr). The standard benchmark is 30%.

ZIP 88005 25%Benchmark 30%
State income tax1.7–5.9%
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Schools nearby

Public schools near ZIP 88005 (Las Cruces, NM)

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