Last updated July 6, 2026
Average Rent in New Mexico (2026)
Average rent across New Mexico is $1,577/mo as of July 2026, based on 1,750 units tracked daily across 4 cities and 166 apartment communities. Rents are down $15 (1%) compared to 30 days ago. Prices range from $618 to $3,523.
Explore New Mexico Cities
Marker size scales with tracked inventory. Click a city to open its rent trend page.
Marker size scales with tracked inventory. 4 New Mexico cities plotted. Tap or hover a bubble for the city name.
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New Mexico Rent by City
Cities ranked by tracked inventory depth, biggest first. Prices are refreshed daily.
| City | Avg Rent | 30d Change | Units | From |
|---|---|---|---|---|
| Albuquerque | $1,525 | -$34 | 1,445 | $724 |
| Rio Rancho | $1,967 | +$145 | 116 | $1,056 |
| Santa Fe | $2,107 | -$85 | 95 | $1,282 |
| Las Cruces | $1,372 | -$214 | 80 | $620 |
Which New Mexico Cities Are Getting Cheaper?
30-day percent change in asking rent across New Mexico cities. Green bars dropped, red bars rose. Showing the 4 biggest movers.
The Highest-Earning Apartment Buildings in New Mexico
Across the 117 New Mexico buildings we can estimate, rental revenue totals about $27M per month ($327M a year). Estimates come from each building's unit-level listing and leasing activity; click a building for the full methodology.
| Building | City | Est. Monthly Revenue | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.Olympus Encantada | Albuquerque, NM | $1.8M/mo | 97% | 1000 |
| 2.Altezza High Desert Apartments | Albuquerque, NM | $1.2M/mo | 94% | 720 |
| 3.Odyssey Apartments | Albuquerque, NM | $872K/mo | 96% | 582 |
| 4.The Eleanor Rio Rancho | Rio Rancho, NM | $801K/mo | 87% | 414 |
| 5.Olympus Northpoint | Albuquerque, NM | $706K/mo | 96% | 360 |
| 6.Olympus Alameda | Albuquerque, NM | $603K/mo | 88% | 367 |
| 7.AYA ABQ | Albuquerque, NM | $560K/mo | 97% | 426 |
| 8.Tierra Pointe | Albuquerque, NM | $538K/mo | 94% | 522 |
| 9.Las Mananitas Luxury Apartments | Albuquerque, NM | $523K/mo | 98% | 300 |
| 10.Allaso Journal Center | Albuquerque, NM | $517K/mo | 96% | 306 |
Research estimates from listing activity, not operator financials.
Rent by Bedroom Type
Average rent in New Mexico broken down by apartment size. Only bedroom buckets with 100+ tracked units are shown so every row is backed by meaningful sample size.
| Type | Avg Rent | From | Up To | Units |
|---|---|---|---|---|
| Studio | $1,344 | $724 | $3,166 | 183 |
| 1 Bedroom | $1,368 | $620 | $2,750 | 594 |
| 2 Bedroom | $1,698 | $660 | $3,523 | 763 |
| 3 Bedroom | $1,997 | $1,000 | $2,929 | 184 |
1 bedroom bucket hidden with fewer than 100 tracked units.
New Mexico Rent Trend Over Time
Average rent trend across all tracked New Mexico apartments.
Explore New Mexico apartments on the map
See apartment locations, neighborhood boundaries, and rent data interactively.
Open Interactive MapNew Mexico Rent FAQ
What is the average rent in New Mexico?
The average rent in New Mexico is $1,577 per month as of July 2026, based on 1,750 units tracked across 4 cities.
Which New Mexico city has the cheapest rent?
Las Cruces has the lowest average rent in New Mexico at $1,372 per month, with units starting from $620.
Are rents going up or down in New Mexico?
Rents in New Mexico have decreased by $15 (1%) over the last 30 days.
How much is a 1-bedroom apartment in New Mexico?
The average rent for a 1-bedroom apartment in New Mexico is $1,368 per month, with 594 units available.
What is the most expensive city in New Mexico?
Albuquerque is the most expensive city in New Mexico with an average rent of $1,525 per month.
How many apartments are available in New Mexico?
We track 1,750 individual units across 166 apartment communities in 4 New Mexico cities. Prices are updated daily.
What is the average rent for a studio in New Mexico?
The average studio apartment rent in New Mexico is $1,344 per month.
How often are New Mexico rent prices updated?
We refresh real asking prices every morning. All New Mexico rent data is updated daily, giving you the most current pricing available.