Best Places to Rent

New Mexico

Average Rent

$1,345

+0.2% YoY

Rent Comparison

19.2% Lower

than national average

Population

2.14 Million

in 2022

Metro Areas

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 $1,271
Population 928,888
# of Rentals 944
View Cities

Las Cruces Metro Area

Average Rent $1,104
Population 231,975
# of Rentals 63
View Cities

Santa Fe Metro Area

Average Rent $1,728
Population 158,544
# of Rentals 280
View Cities

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

Other States

New York Massachusetts District of Columbia California New Jersey Connecticut New Hampshire Rhode Island Washington Hawaii Vermont Virginia Maine Illinois Florida Maryland Colorado Pennsylvania Delaware Oregon Georgia Montana South Carolina Idaho Utah Minnesota North Carolina Tennessee Nevada Alaska Arizona Wisconsin Texas Wyoming

New Mexico

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