Average Rent in Farmington, NM (2026)
The average 1-bedroom rent in Farmington, NM is $927/month as of 2026, based on HUD data across 3 ZIP codes. Rents have changed +5.4% year over year. Rents range from $860 to $980.
Average Rent · 1-Bedroom
$927/mo
Source: HUD Fair Market Rent · 3 zip codes
Year-over-Year
↑ +5.4%
Source: Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Farmington, NM is $927/month according to HUD FY2026 Fair Market Rent data, covering 3 ZIP codes. Rents have increased 5.4% year-over-year. The average 1-bedroom rent in Farmington is 22% below the national average of $1,196/month.
Average rent in Farmington, NM ranges from $860 to $980 across 3 ZIP codes.
Based on local market data, a fair rent increase in Farmington, NM is approximately 5.4% for 2026. An increase above 5.4% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Farmington, NM?
The average 1-bedroom rent in Farmington, NM is $927/month as of 2026, based on HUD data across 3 ZIP codes. Rents range from $860 to $980 depending on neighborhood — a $120/month spread. To afford this at the 30% rule, a household would need approximately $37,080/year.
Is rent going up in Farmington?
Rents in Farmington have increased 5.4% year over year based on local market data. This is a notably high rate of increase, indicating strong upward rent pressure in Farmington.
What is a fair rent increase in Farmington?
Based on local market data, a rent increase around 5.4% is in line with the Farmington market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Farmington
+5.4%
Rents in Farmington are rising at +5.4% year-over-year.
− Estimated trend
Market sources range from +3.2% to +6.2%
Sources: Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Farmington?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Farmington typically rents for $920 – $994.
Rents above $1,143 are in the top 25% for this area.
A 1-bedroom in Farmington typically rents for $927 – $1,001.
Rents above $1,151 are in the top 25% for this area.
A 2-bedroom in Farmington typically rents for $1,133 – $1,224.
Rents above $1,408 are in the top 25% for this area.
A 3-bedroom in Farmington typically rents for $1,577 – $1,703.
Rents above $1,958 are in the top 25% for this area.
A 4-bedroom in Farmington typically rents for $1,703 – $1,839.
Rents above $2,115 are in the top 25% for this area.
Federal Rent Benchmarks for Farmington
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$920
HUD Fair Market Rent
1-Bedroom
$927
HUD Fair Market Rent
2-Bedroom
$1,133
HUD Fair Market Rent
3-Bedroom
$1,577
HUD Fair Market Rent
4-Bedroom
$1,703
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Farmington
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
SAFMR rates are zip-specific.
How Does Farmington Compare?
Questions about rent in Farmington
What is the average 1-bedroom rent in Farmington, NM?
The average 1-bedroom fair market rent in Farmington, NM is $927/month as of 2026, based on HUD rent data across 3 ZIP codes in the city. This is 22% below the national average of $1,196/month. Rents range from $860 to $980 depending on ZIP code.
What is a fair rent increase in Farmington?
A rent increase up to about 5.4% is broadly in line with the recent market trend in Farmington. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $927/month.
Are rents going up or down in Farmington?
Rents in Farmington have increased 5.4% year over year based on local market data. This reflects local market conditions across 3 ZIP codes in the Farmington, NM MSA area.
How much do rents vary across Farmington?
1-bedroom rents across Farmington range from $860 to $980 on this page, a $120/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Farmington?
We could not identify a city-specific rent cap for Farmington. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Farmington?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Farmington at $927/month, a household would need approximately $37,080/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
Renting in Farmington, NM? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Browse Farmington ZIP Codes
See rent data by ZIP code in this city.
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 →
See notice rules, caps, and tenant protections in New Mexico.
- 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 →