BEST PLACES TO RENT

New Mexico

Average Rent

$1,420

3% YoY

Rent Comparison

-12.6% Lower

than the national average

Rentals Available

1,827

Population

2.12 Million

New Mexico Metropolitan Areas

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

POPULATION

923,768

AVG RENT

$1,344

# RENTALS

1,291

Las Cruces Metro Area

POPULATION

226,233

AVG RENT

$1,144

# RENTALS

121

Santa Fe Metro Area

POPULATION

156,474

AVG RENT

$1,879

# RENTALS

298

New Mexico Rent Ranges

On average, rent in the state of New Mexico falls anywhere from < $700/mo on the low end to > $2,000/mo at the max. Most rental prices fall within the $1,001 - $1,500/mo range.

New Mexico Average Rent

The average rent for a one-bedroom apartment in New Mexico is around $1,420. Use the chart below to compare New Mexico’s average rent prices over time.

Other States

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