New Mexico rental market
What is the average rent in New Mexico?
Rental market summary
The average rent for all bedrooms and all property types in New Mexico is $1,750.
Average rent
$1,750
Month-over-monthMoM change
+$7
Year-over-yearYoY change
$0
Available rentals
2,867
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $200 to $17,000.
| Rent price | Number of rental properties |
|---|---|
| $0 | 6 |
| $500 | 15 |
| $600 | 45 |
| $700 | 131 |
| $800 | 179 |
| $900 | 201 |
| $1,000 | 165 |
| $1,100 | 190 |
| $1,200 | 166 |
| $1,300 | 136 |
| $1,400 | 201 |
| $1,500 | 184 |
| $1,600 | 164 |
| $1,700 | 185 |
| $1,800 | 184 |
| $1,900 | 207 |
| $2,000 | 147 |
| $2,100 | 149 |
| $2,200 | 169 |
| $2,300 | 146 |
| $2,400 | 149 |
| $2,500 | 102 |
| $2,600 | 66 |
| $2,700 | 68 |
| $2,800 | 68 |
| $2,900 | 62 |
| $3,000 | 50 |
| $3,100 | 43 |
| $3,200 | 53 |
| $3,300 | 20 |
| $3,400 | 32 |
| $3,500 | 29 |
| $3,600 | 18 |
| $3,700 | 29 |
| $3,800 | 23 |
| $3,900 | 21 |
| $4,000 | 13 |
| $4,100 | 6 |
| $4,200 | 8 |
| $4,300 | 7 |
| $4,400 | 11 |
| $4,500 | 9 |
| $4,600 | 4 |
| $4,700 | 3 |
| $4,800 | 3 |
| $4,900 | 16 |
| $5,000+ | 57 |
Average rent price over time
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,691 | $1,700 |
| Feb | $1,700 | $1,700 |
| Mar | $1,700 | $1,750 |
| Apr | $1,700 | $1,700 |
| May | $1,700 | $1,685 |
| Jun | $1,678 | $1,650 |
| Jul | $1,700 | $1,650 |
| Aug | $1,700 | $1,700 |
| Sep | $1,750 | $1,725 |
| Oct | $1,700 | $1,738 |
| Nov | $1,750 | $1,750 |
| 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 12% lower than the national average.
$1,750
$1,999
Rent in New Mexico
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Frequently asked questions
1. What is the average rent in New Mexico?
2. What is the average rent for a studio apartment in New Mexico?
3. What is the average rent for a one-bedroom apartment in New Mexico?
4. What is the average rent for a two-bedroom apartment in New Mexico?
5. What is the average rent for a three-bedroom apartment in New Mexico?
6. What is the average rent for a four-bedroom apartment in New Mexico?
7. How much does it cost to rent a house in New Mexico?
8. How has the rent in New Mexico changed in the last year?
9. How much has the rent in New Mexico increased/decreased in the last month?
10. How many available rentals are there in New Mexico?
11. How do rent prices in New Mexico compare with the national average?
