What is the average rent in New Mexico?
The average rent in New Mexico for August 2026 is $1,097, according to the most recent data from ApartmentList - July 31, 2026. The average rent of a 2-bedroom apartment in New Mexico is $1,073. The average rent of a 1-bedroom apartment in New Mexico is $906.
Compared to the national average of $1,388, New Mexico rent costs -21.0% less. Read our analysis of rents by state to see how New Mexico ranks.
Here's a look at how average rents have changed over time:
How Does New Mexico Rent Compare To The Rest Of The Country?
| Statistic | NM | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,097 | $1,388 | -21.0% |
| M-o-M Change | $3 | $3 | 0.0% |
| Y-o-Y Change | -$11 | -$15 | -26.7% |
| M-o-M % Change | 0.3% | 0.2% | - |
| Y-o-Y % Change | -1.0% | -1.1% | - |
Median Rent By Bedrooms In New Mexico
As you would expect, the median price for rent in New Mexico increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in New Mexico clocking in at $906, while a 2-bedroom rental will set you back $1,073 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $536/room/month.
Read on to find out more or for more on New Mexico check out:
- Best Places To Live In New Mexico
- Cheapest Places To Live In New Mexico
- Most Dangerous Cities In New Mexico
Month Over Month New Mexico Rent Statistics
New Mexico has experienced a $3 change in rent over the past month going from $1,094 to $1,097. That change comes out to 0.3%.
For reference, the US national average rent changed $3 in the past month or 0.2%.
Here's a look at the month over month change for each month since 2017 for New Mexico:
Year Over Year New Mexico Rent Statistics
Over the past year, the average rent in New Mexico changed -$11 from $1,108 to $1,097. A change of -$11 means that rents changed -1.0% in a year.
That compares to the US national change of -$15 in the past year or -1.1%.
Here's a look at the year over year change by month since 2017 for New Mexico:
The 10 Places With The Highest Rent In New Mexico
Population: 93,317
Median Rent: $1,196
More on Rio Rancho: Data | Crime | Cost Of Living | Real Estate
Population: 82,980
Median Rent: $1,074
More on Santa Fe: Data | Cost Of Living | Real Estate
Population: 15,258
Median Rent: $1,000
More on Los Lunas: Data | Crime | Cost Of Living | Real Estate
Population: 28,393
Median Rent: $971
More on Carlsbad: Data | Crime | Cost Of Living | Real Estate
Population: 7,740
Median Rent: $931
More on Ruidoso: Data | Crime | Cost Of Living | Real Estate
Population: 37,427
Median Rent: $919
More on Hobbs: Data | Cost Of Living | Real Estate
Population: 8,463
Median Rent: $904
More on Corrales: Data | Crime | Cost Of Living | Real Estate
Population: 45,857
Median Rent: $897
More on Farmington: Data | Crime | Cost Of Living | Real Estate
Population: 556,718
Median Rent: $891
More on Albuquerque: Data | Crime | Cost Of Living | Real Estate
Population: 39,255
Median Rent: $865
More on Clovis: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In New Mexico
- Best Places To Raise A Family In New Mexico
- Safest Places In New Mexico
- Worst Places To Live In New Mexico
Keep exploring