New Mexico rental market
Last updated August 27, 2025
Rental market summary
The average rent for all bedrooms and all property types in New Mexico is $1,731.
$1,731
+$31
-$28
2,569
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $298 to $20,000.
| Rent price | Number of rental properties |
|---|---|
| $0 | 5 |
| $500 | 13 |
| $600 | 54 |
| $700 | 136 |
| $800 | 177 |
| $900 | 165 |
| $1,000 | 130 |
| $1,100 | 149 |
| $1,200 | 181 |
| $1,300 | 175 |
| $1,400 | 142 |
| $1,500 | 150 |
| $1,600 | 158 |
| $1,700 | 167 |
| $1,800 | 170 |
| $1,900 | 207 |
| $2,000 | 172 |
| $2,100 | 144 |
| $2,200 | 131 |
| $2,300 | 100 |
| $2,400 | 112 |
| $2,500 | 102 |
| $2,600 | 55 |
| $2,700 | 66 |
| $2,800 | 49 |
| $2,900 | 63 |
| $3,000 | 43 |
| $3,100 | 28 |
| $3,200 | 23 |
| $3,300 | 20 |
| $3,400 | 48 |
| $3,500 | 37 |
| $3,600 | 17 |
| $3,700 | 18 |
| $3,800 | 20 |
| $3,900 | 17 |
| $4,000 | 14 |
| $4,100 | 6 |
| $4,200 | 9 |
| $4,300 | 7 |
| $4,400 | 10 |
| $4,500 | 9 |
| $4,600 | 12 |
| $4,700 | 4 |
| $4,800 | 7 |
| $4,900 | 12 |
| $5,000+ | 58 |
Average rent price over time
In the last year, rent has decreased by $28 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,650 | $1,691 |
| Feb | $1,650 | $1,700 |
| Mar | $1,685 | $1,700 |
| Apr | $1,750 | $1,700 |
| May | $1,700 | $1,700 |
| Jun | $1,700 | $1,678 |
| Jul | $1,718 | $1,700 |
| Aug | $1,750 | $1,700 |
| Sep | $1,750 | No data |
| Oct | $1,750 | No data |
| Nov | $1,700 | No data |
| Dec | $1,700 | No data |
Market temperature
The New Mexico 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 New Mexico is 18% lower than the national average.
$1,731
$2,100
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Frequently asked questions
1. What is the average rent in New Mexico?
The average rent in New Mexico is $1,731.
2. How much does it cost to rent a house in New Mexico?
Houses in New Mexico rent between $298 - $20,000 with an average rent of $1,731.
3. How has the rent in New Mexico changed in the last year?
In the last year, the rent in New Mexico decreased by $28
4. How much has the rent in New Mexico increased/decreased in the last month?
In the last month, the rent in New Mexico increased by $31
5. How many available rentals are there in New Mexico?
There are currently 2,569 rentals available in New Mexico.
6. How do rent prices in New Mexico compare with the national average?
The average rent in New Mexico is $1,731 — 17.57% lower the national average of $2,100.