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RentData.org Logo New Mexico Fair Market Rent for 2017 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$530 $580 $725 $981 $1,153
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

New Mexico (NM) has the 34th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico ranges from $667 for a 2-bedroom apartment in Catron County, NM to $1,048 for a 2-bedroom unit in Santa Fe, NM MSA.

For FY 2017, the Santa Fe, NM MSA (Santa Fe County) rent for a studio or efficiency is $806 per month and $1,477 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in New Mexico is $725 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Mexico is around 1,834,666 people. So, there are around 275,200 people in New Mexico who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New Mexico. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

New Mexico Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in New Mexico
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Albuquerque, NM MSA Metro $557 $716 $878 $1,278 $1,547 662,564
Catron County, NM $506 $516 $667 $971 $1,075 3,725
Chaves County, NM $484 $574 $763 $1,001 $1,310 65,645
Cibola County, NM $499 $502 $667 $921 $1,069 27,213
Colfax County, NM $499 $502 $667 $834 $919 13,750
Curry County, NM $509 $512 $679 $988 $1,196 48,376
De Baca County, NM $506 $516 $667 $907 $1,075 2,022
Las Cruces, NM MSA Metro $491 $573 $695 $1,000 $1,225 209,233
Eddy County, NM $567 $571 $758 $1,088 $1,177 53,829
Grant County, NM $506 $578 $667 $921 $1,027 29,514
Guadalupe County, NM $506 $578 $667 $971 $1,075 4,687
Harding County, NM $506 $516 $667 $971 $1,075 695
Hidalgo County, NM $506 $578 $667 $907 $1,065 4,894
Lea County, NM $657 $662 $877 $1,128 $1,252 64,727
Lincoln County, NM $518 $615 $817 $1,091 $1,317 20,497
Los Alamos County, NM $599 $698 $928 $1,204 $1,635 17,950
Luna County, NM $456 $516 $667 $971 $1,111 25,095
McKinley County, NM $478 $578 $667 $834 $919 71,492
Mora County, NM $538 $615 $709 $887 $1,143 4,881
Otero County, NM $551 $566 $667 $971 $1,175 63,797
Quay County, NM $499 $502 $667 $837 $1,075 9,041
Rio Arriba County, NM $551 $578 $667 $846 $1,074 40,246
Roosevelt County, NM $506 $513 $667 $889 $1,076 19,846
Farmington, NM MSA Metro $637 $641 $780 $976 $1,075 130,044
San Miguel County, NM $449 $531 $670 $862 $1,080 29,393
Santa Fe, NM MSA Metro $806 $878 $1,048 $1,392 $1,477 144,170
Sierra County, NM $449 $502 $667 $912 $1,075 11,988
Socorro County, NM $506 $578 $667 $902 $1,071 17,866
Taos County, NM $562 $703 $814 $1,018 $1,122 32,937
Union County, NM $499 $502 $667 $947 $1,075 4,549

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