New Mexico vs Iowa: Rent Comparison 2026
Side-by-side comparison of fair market rents, income, and tenant protections between New Mexico and Iowa.
Iowa is 17% cheaper for a 2-bedroom rental than New Mexico, saving renters approximately $169/mo ($2,028/year).
| Metric | New Mexico | Iowa |
|---|---|---|
| Average 1BR Rent | $791/mo | $647/mo |
| Average 2BR Rent | $983/mo | $814/mo |
| Median Income | $58,909 | $46,260 |
| Renter % | 35.5% | 31.5% |
| Tenant Rights | 5/10 | 4/10 |
Rent Burden Comparison
New Mexico
2BR Rent: $983/mo of $58,909/yr income
20.0% of income
Iowa
2BR Rent: $814/mo of $46,260/yr income
21.1% of income
Frequently Asked Questions
Is New Mexico or Iowa cheaper to rent in?
Iowa has lower average rents. A 2-bedroom averages $814/mo, which is $169 less per month than New Mexico (17% cheaper).
Which state has better tenant protections, New Mexico or Iowa?
New Mexico has stronger tenant rights with a score of 5/10 compared to 4/10.
What is the income difference between New Mexico and Iowa?
New Mexico median income: $58,909. Iowa median income: $46,260. Difference: $12,649/year.