New Mexico rental market

Choose another area

Last updated August 19, 2025

Rental market summary

The average rent for all bedrooms and all property types in New Mexico is $1,700.

Average rent

$1,700

Month-over-month change

-$36

Year-over-year change

-$50

Available rentals

2,567

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $298 to $17,500.

Rent frequencies
Rent priceNumber of rental properties
$06
$50012
$60061
$700147
$800174
$900184
$1,000131
$1,100152
$1,200191
$1,300170
$1,400135
$1,500137
$1,600150
$1,700171
$1,800180
$1,900189
$2,000162
$2,100159
$2,200140
$2,300101
$2,400105
$2,50095
$2,60063
$2,70061
$2,80040
$2,90064
$3,00048
$3,10027
$3,20022
$3,30017
$3,40043
$3,50039
$3,60014
$3,70018
$3,80016
$3,90015
$4,00013
$4,1006
$4,2009
$4,3005
$4,40010
$4,5008
$4,60010
$4,7005
$4,8008
$4,90015
$5,000+51

Average rent price over time

In the last year, rent has decreased by $50 compared to the previous year.

Average rent price over time
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$1,750No data
Oct$1,750No data
Nov$1,700No data
Dec$1,700No 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.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in New Mexico is 19% lower than the national average.

New Mexicovs.

$1,700

$2,100

Rent in New Mexico

We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.

Explore Rentals

Frequently asked questions

1. What is the average rent in New Mexico?

The average rent in New Mexico is $1,700.

2. How much does it cost to rent a house in New Mexico?

Houses in New Mexico rent between $298 - $17,500 with an average rent of $1,700.

3. How has the rent in New Mexico changed in the last year?

In the last year, the rent in New Mexico decreased by $50

4. How much has the rent in New Mexico increased/decreased in the last month?

In the last month, the rent in New Mexico decreased by $36

5. How many available rentals are there in New Mexico?

There are currently 2,567 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 $1,700 — 19.05% lower the national average of $2,100.