RentData.org

RentData.org Logo New Mexico Fair Market Rent for 2020 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$607 $643 $794 $1,076 $1,275
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 31st highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico ranges from $714 for a 2-bedroom apartment in Catron County, NM to $1,107 for a 2-bedroom unit in Los Alamos County, NM.

For FY 2020, the Los Alamos County, NM (Los Alamos County) rent for a studio or efficiency is $820 per month and $1,931 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 $794 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Mexico is around 1,854,635 people. So, there are around 278,195 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 $571 $713 $877 $1,265 $1,506 674,855
Catron County, NM $559 $563 $714 $977 $1,181 3,545
Chaves County, NM $612 $617 $812 $1,047 $1,229 65,455
Cibola County, NM $609 $627 $714 $938 $1,004 27,050
Colfax County, NM $560 $563 $742 $925 $1,147 12,520
Curry County, NM $573 $668 $880 $1,204 $1,391 50,285
De Baca County, NM $616 $620 $786 $1,076 $1,300 2,015
Las Cruces, NM MSA Metro $544 $602 $742 $1,070 $1,278 213,850
Eddy County, NM $697 $702 $924 $1,333 $1,616 56,795
Grant County, NM $598 $617 $745 $999 $1,198 28,380
Guadalupe County, NM $573 $627 $714 $1,030 $1,181 4,425
Harding County, NM $559 $563 $714 $1,030 $1,181 545
Hidalgo County, NM $573 $627 $714 $911 $1,167 4,445
Lea County, NM $717 $722 $951 $1,239 $1,434 69,505
Lincoln County, NM $605 $660 $869 $1,128 $1,437 19,495
Los Alamos County, NM $820 $909 $1,107 $1,490 $1,931 18,030
Luna County, NM $468 $542 $714 $1,030 $1,254 24,320
McKinley County, NM $556 $627 $714 $911 $967 72,850
Mora County, NM $616 $620 $786 $1,076 $1,300 4,605
Otero County, NM $609 $627 $714 $1,030 $1,254 65,130
Quay County, NM $539 $542 $714 $958 $1,181 8,445
Rio Arriba County, NM $609 $627 $714 $890 $967 39,455
Roosevelt County, NM $591 $595 $784 $1,117 $1,268 19,315
Farmington, NM MSA Metro $702 $713 $822 $1,079 $1,205 128,220
San Miguel County, NM $601 $636 $772 $1,001 $1,088 28,205
Santa Fe, NM MSA Metro $802 $928 $1,057 $1,376 $1,534 147,515
Sierra County, NM $493 $557 $733 $1,002 $1,136 11,255
Socorro County, NM $573 $615 $714 $1,025 $1,254 17,100
Taos County, NM $722 $727 $875 $1,090 $1,536 32,810
Union County, NM $539 $542 $714 $1,030 $1,133 4,215

What's Next?

Here are some additional resources you may also be interested in:

Top