Portales, NM rental market
Last updated August 11, 2025
Rental market summary
The average rent for all bedrooms and all property types in Portales, NM is $895.
$895
+$45
-$105
55
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $325 to $2,000.
| Rent price | Number of rental properties |
|---|---|
| $0 | 1 |
| $500 | 5 |
| $600 | 5 |
| $700 | 14 |
| $800 | 9 |
| $900 | 8 |
| $1,000 | 6 |
| $1,100 | 9 |
| $1,200 | 6 |
| $1,300 | 1 |
| $1,500 | 2 |
| $1,900 | 2 |
| $2,000+ | 2 |
Average rent price over time
In the last year, rent has decreased by $105 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $975 | $900 |
| Feb | $850 | $850 |
| Mar | $750 | $850 |
| Apr | $750 | $825 |
| May | $750 | $850 |
| Jun | $780 | $900 |
| Jul | $750 | $750 |
| Aug | $825 | $900 |
| Sep | $900 | No data |
| Oct | $875 | No data |
| Nov | $900 | No data |
| Dec | $950 | No data |
Market temperature
The Portales, NM rental market temperature is COOL. 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 Portales, NM is 57% lower than the national average.
$895
$2,100
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Frequently asked questions
1. What is the average rent in Portales, NM?
The average rent in Portales, NM is $895.
2. How much does it cost to rent a house in Portales, NM?
Houses in Portales, NM rent between $325 - $2,000 with an average rent of $895.
3. How has the rent in Portales, NM changed in the last year?
In the last year, the rent in Portales, NM decreased by $105
4. How much has the rent in Portales, NM increased/decreased in the last month?
In the last month, the rent in Portales, NM increased by $45
5. How many available rentals are there in Portales, NM?
There are currently 55 rentals available in Portales, NM.
6. How do rent prices in Portales, NM compare with the national average?
The average rent in Portales, NM is $895 — 57.38% lower the national average of $2,100.