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 $1,487 which represents an increase of 1.65% 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 $2,533. 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 $2,533. 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 $7,879. 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 $1,487.
In comparison, places in the largest county, specifically Bernalillo, is less expensive, with an average rent of $1,374. 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 $1,422, 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 $1,859. This constitutes a more expensive by +25% when compared to the rent in New Mexico.
$1,487
New Mexico
VS
$1,374
-8%
Bernalillo, county
$1,422
-4%
Albuquerque, NM MSA, msa
$1,859
+25%
USA, us

Average price for rental listings over the last 3 months. Last updated May 31 2026

Metropolitan Areas in New Mexico

Top 10 by Average Rent for places

Los Alamos, NM MSA$2,533
Taos, NM MSA$2,399
Santa Fe, NM MSA$2,175
Carlsbad-Artesia, NM MSA$1,918
Alamogordo, NM MSA$1,892
Hobbs, NM MSA$1,560
Ruidoso, NM MSA$1,555
Espanola, NM MSA$1,532
Farmington, NM MSA$1,489
Albuquerque, NM MSA$1,422

Cheapest 10 by Average Rent for places

El Paso, TX MSA$1,368
NM NON MSA$1,325
Roswell, NM MSA$1,293
Clovis, NM MSA$1,257
Gallup, NM MSA$1,214
Las Vegas, NM MSA$1,046
Portales, NM MSA$918
Silver City, NM MSA$914
Deming, NM MSA$845
Grants, NM MSA$815

Counties in New Mexico

Top 10 by Average Rent for places

Los Alamos County$2,533
Taos County$2,399
Santa Fe County$2,173
Torrance County$2,050
Eddy County$1,918
Otero County$1,892
Sandoval County$1,862
Valencia County$1,862
Rio Arriba County$1,588
Lea County$1,560

Cheapest 10 by Average Rent for places

Curry County$1,257
McKinley County$1,214
Socorro County$1,000
Roosevelt County$918
Grant County$914
Colfax County$875
Luna County$845
Cibola County$815
Union County$800
Quay County$650

Zip Codes in New Mexico

Top 10 by Average Rent for places

87506$7,879
87008$6,000
88337$3,533
87508$3,293
88063$2,859
87122$2,750
87004$2,750
87547$2,742
88231$2,733
88256$2,688

Cheapest 10 by Average Rent for places

88301$949
88130$918
88061$914
87740$875
88030$845
88415$800
87020$759
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$3,533
Sunland Park, NM$2,859
Bernalillo, NM$2,750
White Rock, NM$2,742
Eunice, NM$2,733
Loving, NM$2,688
Los Alamos, NM$2,516
Williamsburg, NM$2,500
Taos, NM$2,399

Cheapest 10 by Average Rent for places

Socorro, NM$1,000
Carrizozo, NM$949
Portales, NM$918
Silver City, NM$914
Raton, NM$875
Deming, NM$845
Clayton, NM$800
Grants, NM$759
Hope, NM$681
Tucumcari, NM$650

Congressional Districts in New Mexico

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