ZIP Code · NM

ZIP 88005

Part of Las Cruces, NM

Pop. 27,509·Dona Ana County·32nd most expensive ZIP in New Mexico

Median rent (all units)

$1,194/mo

Year-over-Year

+6.6%

Month-over-Month

+2.1%

vs US Median

-$738

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 88005 · $1,194

More affordable than 92% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 88005 is at its highest level since Zillow's records here began in April 2023.

Past year vs. the rest of New Mexico

Rent in ZIP 88005 changed +6.6% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($54,452) is $1,361 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,040); a 3-bedroom is $1,450.

Rank in Las Cruces

2nd cheapest of 4 ZIP codes in Las Cruces.

Cheaper nearby

ZIP 88001, 5 miles away, rents for 18% less ($984/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 88005. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,328/yr

At $1,194/mo median

Location

CityLas Cruces

StateNM

CountyDona Ana County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.6% YoY, +2.1% 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

2023 vs 2026

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

Rent

$997 → $1,194

up 19.8%

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

Rent in ZIP 88005 in Las Cruces, NM has increased 19.8% since 2023, going from about $997 per month to roughly $1,194 today. 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. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 88005 in Las Cruces, NM reflects that arc in its own way.

Community

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About renting in ZIP 88005

Last updated: October 17, 2026

ZIP code 88005 covers Las Cruces, NM. The median rent here is $1,194/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,040/mo.

At 26% of local median household income ($54,452/yr), ZIP 88005 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

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 $48,000/year (about $23/hour full-time) to afford the median rent of $1,194/mo in ZIP 88005. The local median household income is $54,452/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 88005?

Rent in ZIP 88005 has risen 6.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2023.

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

ZIP 88005 is one of the more affordable among New Mexico ZIP codes for rent, ranking #32 of 36 at $1,194/mo. Over the year to September 2026, rent in ZIP 88005 changed +6.6%, against a typical +3.2% across the 32 New Mexico ZIP codes Zillow tracks.