New Mexico vs Indiana: Rent Comparison 2026
Side-by-side comparison of fair market rents, income, and tenant protections between New Mexico and Indiana.
Indiana is 9% cheaper for a 2-bedroom rental than New Mexico, saving renters approximately $92/mo ($1,104/year).
| Metric | New Mexico | Indiana |
|---|---|---|
| Average 1BR Rent | $791/mo | $699/mo |
| Average 2BR Rent | $983/mo | $891/mo |
| Median Income | $58,909 | $54,260 |
| Renter % | 35.5% | 36.1% |
| Tenant Rights | 5/10 | 3/10 |
Rent Burden Comparison
New Mexico
2BR Rent: $983/mo of $58,909/yr income
20.0% of income
Indiana
2BR Rent: $891/mo of $54,260/yr income
19.7% of income
Frequently Asked Questions
Is New Mexico or Indiana cheaper to rent in?
Indiana has lower average rents. A 2-bedroom averages $891/mo, which is $92 less per month than New Mexico (9% cheaper).
Which state has better tenant protections, New Mexico or Indiana?
New Mexico has stronger tenant rights with a score of 5/10 compared to 3/10.
What is the income difference between New Mexico and Indiana?
New Mexico median income: $58,909. Indiana median income: $54,260. Difference: $4,649/year.