Last updated October 16, 2026
Average Rent in New Mexico (2026)
Average rent across New Mexico is $1,533/mo as of October 2026, based on 2,253 units tracked daily across 5 cities and 184 apartment communities. Rents are down $6 (0.4%) compared to 30 days ago. Prices range from $680 to $29,070.
Cite this data
Free to reference with attribution. Data reflects the October 2026 refresh.
Source: Average Rent (average-rent.com), October 2026. Average Rent. (October 2026). Average Rent in New Mexico (2026). Retrieved from https://average-rent.com/state/new-mexico/rent-trends/ Source: <a href="https://average-rent.com/state/new-mexico/rent-trends/">Average Rent</a>, October 2026. 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. 5 New Mexico cities plotted. Tap or hover a bubble for the city name.
Pinch to zoom. Drag to pan.
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 | $1,513 | +$4 | 1,965 | $680 |
| Rio Rancho | $1,610 | -$165 | 136 | $1,056 |
| Santa Fe | $2,065 | +$337 | 82 | $1,609 |
| Los Ranchos De Albuquerque | $1,222 | +$150 | 38 | $881 |
| Las Cruces | $1,445 | +$426 | 32 | $725 |
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 5 biggest movers.
The Highest-Earning Apartment Buildings in New Mexico
Across the 31 New Mexico buildings we can estimate, rental revenue totals about $8.6M per month ($103M 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.NM Apartment Advisors, Inc. | Albuquerque, NM | $1.5M/mo | 96% | 474 |
| 2.Olympus Alameda | Albuquerque, NM | $636K/mo | 92% | 367 |
| 3.La Paloma Apartments | Albuquerque, NM | $605K/mo | 92% | 424 |
| 4.Las Mananitas Luxury Apartments | Albuquerque, NM | $478K/mo | 96% | 300 |
| 5.Andalucia Villas | Albuquerque, NM | $450K/mo | 91% | 241 |
| 6.The Lakes Apartments | Albuquerque, NM | $362K/mo | 96% | 299 |
| 7.Olympus Rodeo | Santa Fe, NM | $337K/mo | 92% | 188 |
| 8.Olympus de Santa Fe | Santa Fe, NM | $300K/mo | 90% | 180 |
| 9.The Dillon Apartments | Albuquerque, NM | $297K/mo | 76% | 218 |
| 10.Treehouse Apartments | Albuquerque, NM | $284K/mo | 98% | 243 |
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 | $1,102 | $680 | $1,895 | 138 |
| 1 Bedroom | $1,391 | $725 | $29,070 | 794 |
| 2 Bedroom | $1,597 | $709 | $4,914 | 1,000 |
| 3 Bedroom | $1,871 | $1,220 | $7,533 | 243 |
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 $1,533 per month as of October 2026, based on 2,253 units tracked across 5 cities.
Which New Mexico city has the cheapest rent?
Los Ranchos De Albuquerque has the lowest average rent in New Mexico at $1,222 per month, with units starting from $881.
Are rents going up or down in New Mexico?
Rents in New Mexico have decreased by $6 (0.4%) 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 $1,391 per month, with 794 units available.
What is the most expensive city in New Mexico?
Santa Fe is the most expensive city in New Mexico with an average rent of $2,065 per month.
How many apartments are available in New Mexico?
We track 2,253 individual units across 184 apartment communities in 5 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 $1,102 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.