Average Rent in New Mexico (2026)
The average 1-bedroom fair market rent in New Mexico is $932/month as of 2026, covering 338 cities and 417 ZIP codes. Rents statewide have changed -2.7% year over year, so an increase above 2.7% exceeds the statewide trend. Data source: HUD Small Area Fair Market Rents FY2026.
Average 1-Bedroom Fair Market Rent
$932/mo
Source: HUD Fair Market Rent FY2026 · 417 zip codes
Year-over-Year
↓ -2.7%
Source: Apartment List
Includes all regions. Albuquerque average: $1,234/mo →
Data through
The average 1-bedroom rent in New Mexico is $932/month according to HUD FY2026 Fair Market Rent data, covering 338 cities and 417 ZIP codes. Rents have decreased 2.7% year-over-year. The average 1-bedroom rent in New Mexico is 22% below the national average of $1,196/month.
Key Facts
How much is rent in New Mexico?
The average 1-bedroom rent in New Mexico is $932/month as of 2026, based on HUD Fair Market Rent data across 338 cities and 417 ZIP codes. Rents statewide have changed -2.7% year over year. Rents vary widely by city — see the table below for a breakdown.
What is a fair rent increase in New Mexico?
Based on market data, a rent increase around 2.7% is broadly in line with the New Mexico statewide trend for 2026. Increases above this level exceed the statewide average, though local conditions vary significantly. Check city and ZIP-level pages for your specific area.
Rent by City in New Mexico
| City | 1-BR Fair Market Rent |
|---|---|
| Albuquerque | $1,234 |
| Las Cruces | $1,002 |
| Santa Fe | $1,424 |
| Otero County | $810 |
| Grant County | $800 |
| Mckinley County | $903 |
| Curry County | $903 |
| Rio Arriba County | $907 |
| San Miguel County | $913 |
| Farmington | $927 |
| Cibola County | $845 |
| Chaves County | $865 |
| Gallup | $900 |
| Lea County | $1,070 |
| Cochiti Pueblo | $1,085 |
| Los Alamos County | $1,265 |
| Coyote | $740 |
| Gallina | $740 |
| Lindrith | $740 |
| Youngsville | $740 |
Showing top 20 of 338 cities.
Sorted by number of zip codes. Source: HUD SAFMR FY2026.
Questions about rent in New Mexico
What is the average 1-bedroom rent in New Mexico?
The average 1-bedroom fair market rent in New Mexico is $932/month as of 2026, based on statewide coverage across 338 cities and 417 ZIP codes. This is 22% below the national average of $1,196/month.
What is a fair rent increase in New Mexico?
A rent increase up to about 2.7% is roughly in line with the recent statewide trend in New Mexico. A larger increase is above trend and should be checked against local city and ZIP data. The statewide average 1-BR rent is $932/month — your specific city may differ significantly.
Are rents going up or down in New Mexico?
Statewide rents in New Mexico have decreased 2.7% year over year based on the trend shown on this page. This is based on Apartment List data covering multiple cities and ZIP codes across the state.
How broad is the rent coverage in New Mexico?
This page summarizes rent benchmarks across 338 cities and 417 ZIP codes in New Mexico, giving a broad statewide view before drilling down into city and ZIP-level pages. Data is sourced from HUD Small Area Fair Market Rents (FY2026) and supplemented with Apartment List trend data where available.
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Renter Tools
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Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in New Mexico →
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- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →