State

Average Rent in New Mexico

New Mexico is a state in United States. It ranks #36 out of 52 for places to rent. Dwellsy has rental data for 21 metropolitan areas in New Mexico, 26 counties,
the congressional districts of
District 01, District 02, District 03, 88 zip codes, and 61 cities with places to rent.
The average rent over the last 3 months for places in New Mexico is $1,482 which represents an increase of 0.89% 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 $2,487. The least expensive metropolitan area in New Mexico to rent places is Grants, NM MSA with an average rent of $777.

The most expensive county in New Mexico to rent places is Los Alamos County with an average rent of $2,487. 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 $6,076. 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 $5,317. 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 $1,482.
In comparison, places in the largest county, specifically Bernalillo, is less expensive, with an average rent of $1,394. This represents a difference of -6% when compared to New Mexico.
Meanwhile, in the largest msa of Albuquerque, NM MSA, the average rent for the same type of housing is $1,433, showing a less expensive of -3% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,845. This constitutes a more expensive by +25% when compared to the rent in New Mexico.
$1,482
New Mexico
VS
$1,394
-6%
Bernalillo, county
$1,433
-3%
Albuquerque, NM MSA, msa
$1,845
+25%
USA, us

Average price for rental listings over the last 3 months. Last updated April 19 2026

Metropolitan Areas in New Mexico

Top 10 by Average Rent for places

Los Alamos, NM MSA$2,487
Santa Fe, NM MSA$2,179
Taos, NM MSA$2,077
Carlsbad-Artesia, NM MSA$1,880
Alamogordo, NM MSA$1,722
Ruidoso, NM MSA$1,688
Espanola, NM MSA$1,560
Hobbs, NM MSA$1,472
Albuquerque, NM MSA$1,433
Farmington, NM MSA$1,415

Cheapest 10 by Average Rent for places

Las Cruces, NM MSA$1,366
El Paso, TX MSA$1,336
Roswell, NM MSA$1,317
Gallup, NM MSA$1,290
Clovis, NM MSA$1,266
Las Vegas, NM MSA$1,068
Silver City, NM MSA$1,067
Portales, NM MSA$941
Deming, NM MSA$910
Grants, NM MSA$777

Counties in New Mexico

Top 10 by Average Rent for places

Los Alamos County$2,487
Santa Fe County$2,175
Taos County$2,077
Torrance County$2,062
Eddy County$1,880
Valencia County$1,808
Rio Arriba County$1,800
Sandoval County$1,780
Otero County$1,722
San Miguel County$1,656

Cheapest 10 by Average Rent for places

Chaves County$1,317
McKinley County$1,290
Curry County$1,266
Grant County$1,067
Roosevelt County$941
Luna County$910
Colfax County$902
Cibola County$777
Guadalupe County$700
Quay County$650

Zip Codes in New Mexico

Top 10 by Average Rent for places

87506$6,076
87008$5,317
87047$4,075
87540$3,800
87508$3,700
88231$3,700
88337$3,680
87547$3,025
87122$2,802
87004$2,630

Cheapest 10 by Average Rent for places

87415$1,000
88301$943
88130$941
88081$933
88030$910
87740$902
87020$742
88250$700
88435$700
88401$650

Cities in New Mexico

Top 10 by Average Rent for places

Cedar Crest, NM$5,317
Sandia Park, NM$4,075
Lamy, NM$3,800
Eunice, NM$3,700
La Luz, NM$3,680
White Rock, NM$3,025
Bernalillo, NM$2,630
Loving, NM$2,506
Williamsburg, NM$2,500
Los Alamos, NM$2,393

Cheapest 10 by Average Rent for places

Flora Vista, NM$1,000
Carrizozo, NM$943
Portales, NM$941
Chaparral, NM$933
Deming, NM$910
Raton, NM$902
Grants, NM$742
Santa Rosa, NM$700
Hope, NM$700
Tucumcari, NM$650

Congressional Districts in New Mexico

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