Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Las Cruces Fair Market Rent FY 2019 Las Cruces, NM MSA Rental Data

Fair Market Rent Prices in Las Cruces, NM :
$506 $574 $700 $1,012 $1,211
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 50th Percentile Metro Area

Fair Market Rent prices in Las Cruces are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Las Cruces is $700 per month.

The previous year, rent for a two-bedroom home was $753 per month. This is a 7.04% decrease year-over-year.

This FMR rate applies to Garfield, NM, Rincon, NM, Berino, NM, Radium Springs, NM, Organ, NM, Vado, NM, San Miguel, NM, Chamberino, NM, Salem, NM, White Sands Missile Range, NM and other cities within the region. The Metro Code or CBSA code for this region is METRO29740M29740.

Additionally, This Fair Market Rent (FMR) area Las Cruces, NM MSA spans one county or city in which is listed in the table below. Estimated population of Las Cruces, NM MSA FMR area is 209,233 people based on latest Census data.

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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 Las Cruces. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Las Cruces

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 533
1-BR 1-Bedroom $ 603
2-BR 2-Bedroom $ 736
3-BR 3-Bedroom $ 1064
4-BR 4-Bedroom $ 1273
Change Year:

There is just one county (listed below) within the Las Cruces, NM MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: El Paso (Las Cruces).

County / Region Est. Population
Dona Ana County, NM Metro 209,233
Zip Codes in Las Cruces, NM MSA

There are 30 unique zip codes in this Fair Market Rent (FMR) area:

87936, 87937, 87940, 87941, 88001, 88002, 88003, 88004, 88005, 88006, 88007, 88008, 88011, 88012, 88013, 88021, 88024, 88027, 88032, 88033, 88044, 88046, 88047, 88048, 88052, 88054, 88058, 88063, 88072 and 88081

Lookup Fair Market Rent by Zip Code
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