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Best Places to Rent

New Mexico

Average Rent

$1,325

+0.1% YoY

Rent Comparison

-20.3% Lower

than national average

Population

2.14 Million

in 2022

The state of New Mexico is comprised of 3 metropolitan areas with a total population of 2,135,738. Explore New Mexico’s metro areas and compare key metrics.

Albuquerque Metro Area

Average Rent

$1,249

Population

928,888

# of Rentals

1,272

View Cities

Las Cruces Metro Area

Average Rent

$1,058

Population

231,975

# of Rentals

103

View Cities

Santa Fe Metro Area

Average Rent

$1,734

Population

158,544

# of Rentals

350

View Cities

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

Other States

New YorkMassachusettsDistrict of ColumbiaCaliforniaNew JerseyConnecticutRhode IslandNew HampshireWashingtonHawaiiVermontVirginiaMaineIllinoisFloridaMarylandColoradoPennsylvaniaDelawareOregonGeorgiaMontanaIdahoSouth CarolinaUtahMinnesotaTennesseeNorth CarolinaNevadaAlaskaArizonaWisconsinTexasWyoming

New Mexico

MichiganMissouriIndianaNebraskaOhioKansasKentuckyLouisianaAlabamaMississippiSouth DakotaIowaNorth DakotaWest VirginiaArkansasOklahoma

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