New Mexico Fair Market Rents 2026
HUD Fair Market Rent data for New Mexico (NM). Average 1-bedroom rent: $791/mo. Average 2-bedroom rent: $983/mo.
Avg 1BR Rent
$791/mo
Avg 2BR Rent
$983/mo
Median Income
$58,909
Tenant Rights
5/10
Rent is Generally Affordable
At the median income of $58,909/year, the 30% rule suggests spending up to $1,473/mo on rent. The average 2BR rent of $983/mo is within this threshold.
Renter Statistics
35.5% of households in New Mexico are renters.
New Mexico Metro Areas
| Metro Area | Studio | 1BR | 2BR | Vacancy |
|---|---|---|---|---|
| Albuquerque | $647 | $793 | $958 | 4.5% |
| Las Cruces | $537 | $638 | $806 | 4.2% |
| Santa Fe | $754 | $923 | $1,135 | 7.1% |
New Mexico Counties - Fair Market Rents
| County | Studio | 1BR | 2BR | 3BR | Income | Burden |
|---|---|---|---|---|---|---|
| Clinton County | $812 | $1,000 | $1,198 | $1,457 | $66,808 | 21.5% |
| Pike County | $720 | $894 | $1,073 | $1,360 | $70,637 | 18.2% |
| Putnam County | $892 | $1,059 | $1,269 | $1,617 | $58,981 | 25.8% |
| Marshall County | $576 | $726 | $904 | $1,087 | $59,200 | 18.3% |
| Hill County | $707 | $875 | $1,069 | $1,286 | $52,473 | 24.4% |
| Anderson County | $666 | $804 | $1,011 | $1,259 | $55,045 | 22.0% |
| Greene County | $712 | $876 | $1,084 | $1,367 | $56,145 | 23.2% |
| Davis County | $697 | $863 | $1,076 | $1,255 | $70,427 | 18.3% |
| Jefferson County | $537 | $645 | $782 | $941 | $46,265 | 20.3% |
| Campbell County | $396 | $500 | $610 | $797 | $38,756 | 18.9% |
| Reed County | $553 | $663 | $832 | $1,000 | $51,556 | 19.4% |
| Lyon County | $409 | $503 | $603 | $765 | $35,110 | 20.6% |
| Union County | $438 | $552 | $651 | $814 | $33,260 | 23.5% |
| Martin County | $592 | $744 | $880 | $1,107 | $41,018 | 25.7% |
| Jasper County | $456 | $572 | $722 | $834 | $45,218 | 19.2% |
| Gordon County | $464 | $594 | $711 | $870 | $42,956 | 19.9% |
| Johnson County | $544 | $688 | $865 | $1,013 | $48,191 | 21.5% |
| Columbia County | $532 | $629 | $795 | $968 | $51,753 | 18.4% |
| Rush County | $567 | $669 | $797 | $1,058 | $45,020 | 21.2% |
| Carter County | $589 | $705 | $837 | $1,119 | $52,684 | 19.1% |
| Newton County | $539 | $685 | $860 | $1,079 | $53,436 | 19.3% |
| Marion County | $581 | $728 | $913 | $1,119 | $55,469 | 19.8% |
| Mitchell County | $466 | $587 | $728 | $862 | $48,298 | 18.1% |
| Turner County | $514 | $650 | $822 | $980 | $46,270 | 21.3% |
| Russell County | $477 | $599 | $732 | $875 | $35,034 | 25.1% |
| Ford County | $431 | $548 | $667 | $823 | $43,445 | 18.4% |
| Madison County | $420 | $520 | $634 | $779 | $42,523 | 17.9% |
| Ross County | $552 | $696 | $834 | $1,096 | $58,744 | 17.0% |
| Nash County | $432 | $547 | $660 | $829 | $43,076 | 18.4% |
| Brown County | $550 | $681 | $837 | $1,044 | $53,513 | 18.8% |
| Washington County | $401 | $505 | $616 | $795 | $33,079 | 22.3% |
| Tyler County | $487 | $596 | $741 | $875 | $45,419 | 19.6% |
| Stone County | $437 | $526 | $672 | $822 | $32,332 | 24.9% |
Compare New Mexico Rents
Frequently Asked Questions
What is the average rent in New Mexico?
The 2026 statewide average rent in New Mexico is $791/mo for a 1-bedroom and $983/mo for a 2-bedroom.
What percentage of people rent in New Mexico?
Approximately 35.5% of households in New Mexico are renters.
How strong are tenant rights in New Mexico?
New Mexico has a tenant rights score of 5/10. This indicates moderate renter protections.