New Mexico rental market
What is the average rent in New Mexico?
Last updated August 9, 2026
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
+$10
Year-over-year change
-$1
Available rentals
2,658
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $385 to $12,500.
| Rent price | Number of rental properties |
|---|---|
| $0 | 4 |
| $500 | 9 |
| $600 | 38 |
| $700 | 109 |
| $800 | 180 |
| $900 | 202 |
| $1,000 | 151 |
| $1,100 | 171 |
| $1,200 | 166 |
| $1,300 | 184 |
| $1,400 | 167 |
| $1,500 | 161 |
| $1,600 | 164 |
| $1,700 | 183 |
| $1,800 | 166 |
| $1,900 | 173 |
| $2,000 | 149 |
| $2,100 | 161 |
| $2,200 | 164 |
| $2,300 | 148 |
| $2,400 | 147 |
| $2,500 | 108 |
| $2,600 | 74 |
| $2,700 | 65 |
| $2,800 | 63 |
| $2,900 | 57 |
| $3,000 | 37 |
| $3,100 | 30 |
| $3,200 | 36 |
| $3,300 | 17 |
| $3,400 | 41 |
| $3,500 | 40 |
| $3,600 | 13 |
| $3,700 | 15 |
| $3,800 | 15 |
| $3,900 | 10 |
| $4,000 | 4 |
| $4,100 | 6 |
| $4,200 | 8 |
| $4,300 | 2 |
| $4,400 | 10 |
| $4,500 | 10 |
| $4,600 | 5 |
| $4,700 | 6 |
| $4,800 | 2 |
| $4,900 | 8 |
| $5,000+ | 41 |
Average rent price over time
In the last year, rent has decreased by $1 compared to the previous year.
| 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 | No data |
| Oct | $1,700 | No data |
| Nov | $1,750 | 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 15% lower than the national average.
$1,700
$2,004
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Get startedLearn moreFrequently 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?
