Farmington, NM rental market
Last updated August 23, 2025
Rental market summary
The average rent for all bedrooms and all property types in Farmington, NM is $1,400.
$1,400
-$150
-$150
29
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $700 to $2,900.
| Rent price | Number of rental properties |
|---|---|
| $700 | 4 |
| $800 | 5 |
| $900 | 6 |
| $1,000 | 1 |
| $1,300 | 1 |
| $1,400 | 1 |
| $1,500 | 2 |
| $1,700 | 1 |
| $1,800 | 4 |
| $2,000 | 1 |
| $2,100 | 1 |
| $2,200 | 2 |
| $2,400 | 2 |
| $2,500 | 3 |
| $2,600 | 1 |
| $2,800 | 1 |
| $2,900+ | 1 |
Average rent price over time
In the last year, rent has decreased by $150 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,325 | $1,695 |
| Feb | $1,400 | $1,200 |
| Mar | $1,000 | $1,495 |
| Apr | $1,400 | $1,400 |
| May | $1,200 | $1,500 |
| Jun | $1,275 | $1,500 |
| Jul | $1,450 | $1,775 |
| Aug | $1,495 | $1,400 |
| Sep | $1,550 | No data |
| Oct | $1,495 | No data |
| Nov | $1,100 | No data |
| Dec | $1,000 | No data |
Market temperature
The Farmington, NM rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Farmington, NM is 33% lower than the national average.
$1,400
$2,100
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Frequently asked questions
1. What is the average rent in Farmington, NM?
The average rent in Farmington, NM is $1,400.
2. How much does it cost to rent a house in Farmington, NM?
Houses in Farmington, NM rent between $700 - $2,900 with an average rent of $1,400.
3. How has the rent in Farmington, NM changed in the last year?
In the last year, the rent in Farmington, NM decreased by $150
4. How much has the rent in Farmington, NM increased/decreased in the last month?
In the last month, the rent in Farmington, NM decreased by $150
5. How many available rentals are there in Farmington, NM?
There are currently 29 rentals available in Farmington, NM.
6. How do rent prices in Farmington, NM compare with the national average?
The average rent in Farmington, NM is $1,400 — 33.33% lower the national average of $2,100.