Las Cruces Fair Market Rent FY 2019 Las Cruces, NM MSA Rental Data

Fair Market Rent prices in Las Cruces are average compared to the national average. This FMR area is more expensive than 62% 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 New Mexico 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.

Compared to the rest of New Mexico, the Las Cruces FMR area is less expensive than 73% of the state.

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.

50^th Percentile Rental Prices: