Average rent in New Mexico
As of September 2026, the typical rent across New Mexico's 12 metro areas is $1,509 per month (+2.4% year over year, weighted by population so large metros count for more).
Figures cover all property types — single-family, condo and apartment — at every bedroom count. The interactive map can break rents down by home type.
Oct 24 – Nov 26
New Mexico observed rentSame month last yearForecast (2 months shown free)
| Metro | Average rent | Year over year | |
|---|---|---|---|
| Los Alamos, NM | $2,554 | — | Trends & forecast → |
| Taos, NM | $1,983 | — | Trends & forecast → |
| Santa Fe, NM | $1,953 | +0.6% | Trends & forecast → |
| Carlsbad, NM | $1,582 | — | Trends & forecast → |
| Alamogordo, NM | $1,524 | +4.3% | Trends & forecast → |
| Albuquerque, NM | $1,490 | +1.3% | Trends & forecast → |
| Las Cruces, NM | $1,472 | +3.2% | Trends & forecast → |
| Hobbs, NM | $1,469 | +9.1% | Trends & forecast → |
| Farmington, NM | $1,399 | +4.1% | Trends & forecast → |
| Clovis, NM | $1,305 | +5.6% | Trends & forecast → |
| Roswell, NM | $1,263 | +7.5% | Trends & forecast → |
| Portales, NM | $1,008 | +6.4% | Trends & forecast → |
Want the 12-month outlook for a New Mexico metro? Open the interactive forecast — history, confidence ranges, and what's driving each prediction.