State

Average Rent in New Mexico

New Mexico is a state in United States. It ranks #35 out of 53 for places to rent. Dwellsy has rental data for 21 metropolitan areas in New Mexico, 27 counties,
the congressional districts of
District 01, District 02, District 03, 86 zip codes, and 59 cities with places to rent.
The average rent over the last 3 months for places in New Mexico is $1,484 which represents an increase of 1.51% over the same period.

The most expensive metropolitan area in New Mexico to rent places is Los Alamos, NM MSA with an average rent of $2,555. The least expensive metropolitan area in New Mexico to rent places is Grants, NM MSA with an average rent of $815.

The most expensive county in New Mexico to rent places is Los Alamos County with an average rent of $2,555. The least expensive county in New Mexico to rent places is Quay County with an average rent of $650.

The most expensive zip code in New Mexico to rent places is 87506 with an average rent of $7,864. The least expensive zip code in New Mexico to rent places is 88401 with an average rent of $650.

The most expensive city in New Mexico to rent places is Cedar Crest, NM with an average rent of $6,000. The least expensive city in New Mexico to rent places is Tucumcari, NM with an average rent of $650.

Rental Price Comparison

The average rent for places in state New Mexico currently stands at $1,484.
In comparison, places in the largest county, specifically Bernalillo, is less expensive, with an average rent of $1,369. This represents a difference of -8% when compared to New Mexico.
Meanwhile, in the largest msa of Albuquerque, NM MSA, the average rent for the same type of housing is $1,419, showing a less expensive of -4% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,861. This constitutes a more expensive by +25% when compared to the rent in New Mexico.
$1,484
New Mexico
VS
$1,369
-8%
Bernalillo, county
$1,419
-4%
Albuquerque, NM MSA, msa
$1,861
+25%
USA, us

Average price for rental listings over the last 3 months. Last updated June 7 2026

Metropolitan Areas in New Mexico

Top 10 by Average Rent for places

Los Alamos, NM MSA$2,555
Taos, NM MSA$2,432
Santa Fe, NM MSA$2,173
Carlsbad-Artesia, NM MSA$1,923
Alamogordo, NM MSA$1,900
Hobbs, NM MSA$1,561
Ruidoso, NM MSA$1,538
Espanola, NM MSA$1,538
Farmington, NM MSA$1,485
Albuquerque, NM MSA$1,419

Cheapest 10 by Average Rent for places

El Paso, TX MSA$1,370
Roswell, NM MSA$1,286
Clovis, NM MSA$1,251
Gallup, NM MSA$1,214
NM NON MSA$1,183
Las Vegas, NM MSA$1,066
Silver City, NM MSA$952
Portales, NM MSA$910
Deming, NM MSA$839
Grants, NM MSA$815

Counties in New Mexico

Top 10 by Average Rent for places

Los Alamos County$2,555
Taos County$2,432
Santa Fe County$2,170
Torrance County$2,089
Eddy County$1,923
Otero County$1,900
Valencia County$1,872
Sandoval County$1,863
Rio Arriba County$1,590
Lea County$1,561

Cheapest 10 by Average Rent for places

Curry County$1,251
McKinley County$1,214
Socorro County$1,000
Grant County$952
Roosevelt County$910
Colfax County$873
Union County$867
Luna County$839
Cibola County$815
Quay County$650

Zip Codes in New Mexico

Top 10 by Average Rent for places

87506$7,864
87008$6,000
88337$3,400
87508$3,258
88063$2,859
87122$2,752
87004$2,750
87547$2,742
88256$2,740
88231$2,733

Cheapest 10 by Average Rent for places

88061$952
88301$949
88130$910
87740$873
88415$867
88030$839
87020$764
88311$700
88250$681
88401$650

Cities in New Mexico

Top 10 by Average Rent for places

Cedar Crest, NM$6,000
La Luz, NM$3,400
Sunland Park, NM$2,859
Bernalillo, NM$2,750
White Rock, NM$2,742
Loving, NM$2,740
Eunice, NM$2,733
Los Alamos, NM$2,541
Williamsburg, NM$2,500
Taos, NM$2,432

Cheapest 10 by Average Rent for places

Socorro, NM$1,000
Silver City, NM$952
Carrizozo, NM$949
Portales, NM$910
Raton, NM$873
Clayton, NM$867
Deming, NM$839
Grants, NM$764
Hope, NM$681
Tucumcari, NM$650

Congressional Districts in New Mexico

District 01, NM
District 02, NM
District 03, NM
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