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Best Places to Rent

New Mexico

Average Rent

$1,419

+1.4% YoY

Rent Comparison

-13.4% Lower

than national average

Population

2.12 Million

in 2022

The state of New Mexico is comprised of 3 metropolitan areas with a total population of 2,118,423. Explore New Mexico’s metro areas and compare key metrics.

Albuquerque Metro Area

Average Rent

$1,327

Population

923,768

# of Rentals

1,221

View Cities

Las Cruces Metro Area

Average Rent

$1,105

Population

226,233

# of Rentals

119

View Cities

Santa Fe Metro Area

Average Rent

$1,865

Population

156,474

# of Rentals

443

View Cities

Average Rent is calculated by averaging the monthly rent of 1 bedroom apartments.

Other States

New YorkMassachusettsDistrict of ColumbiaCaliforniaNew JerseyConnecticutWashingtonNew HampshireVermontRhode IslandHawaiiVirginiaMaineFloridaMarylandIllinoisColoradoPennsylvaniaDelawareOregonGeorgiaMontanaUtahSouth CarolinaIdahoTennesseeNorth CarolinaNevadaArizonaMinnesotaAlaskaTexasWisconsin

New Mexico

WyomingMichiganMissouriIndianaNebraskaOhioKansasKentuckyLouisianaAlabamaMississippiSouth DakotaIowaNorth DakotaArkansasWest VirginiaOklahoma

This information is based on data collected by CoStar Group researchers.