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RentData.org Logo New Mexico Fair Market Rent for 2022 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$608 $645 $795 $1,063 $1,271
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 39th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico ranges from $726 for a 2-bedroom apartment in Catron County, NM to $1,113 for a 2-bedroom unit in Santa Fe, NM MSA.

For FY 2022, the Santa Fe, NM MSA (Santa Fe County) rent for a studio or efficiency is $842 per month and $1,729 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 $795 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 $666 $821 $996 $1,415 $1,705 674,855
Catron County, NM $550 $579 $726 $1,031 $1,240 3,545
Chaves County, NM $613 $618 $814 $1,051 $1,169 65,455
Cibola County, NM $593 $597 $726 $897 $985 27,050
Colfax County, NM $550 $560 $726 $897 $1,012 12,520
Curry County, NM $550 $633 $834 $1,120 $1,378 50,285
De Baca County, NM $588 $598 $752 $1,023 $1,271 2,015
Las Cruces, NM MSA Metro $635 $649 $787 $1,118 $1,315 213,850
Eddy County, NM $758 $763 $924 $1,322 $1,599 56,795
Grant County, NM $567 $616 $726 $990 $1,192 28,380
Guadalupe County, NM $550 $618 $726 $1,031 $1,240 4,425
Harding County, NM $550 $579 $726 $1,031 $1,240 545
Hidalgo County, NM $550 $579 $726 $897 $1,243 4,445
Lea County, NM $675 $707 $930 $1,205 $1,357 69,505
Lincoln County, NM $610 $627 $779 $994 $1,311 19,495
Los Alamos County, NM $774 $850 $1,068 $1,449 $1,842 18,030
Luna County, NM $482 $552 $726 $974 $1,243 24,320
McKinley County, NM $608 $612 $726 $967 $985 72,850
Mora County, NM $588 $598 $752 $1,023 $1,271 4,605
Otero County, NM $545 $637 $726 $1,031 $1,243 65,130
Quay County, NM $550 $620 $726 $955 $1,240 8,445
Rio Arriba County, NM $626 $637 $726 $897 $985 39,455
Roosevelt County, NM $597 $598 $787 $1,048 $1,251 19,315
Farmington, NM MSA Metro $724 $734 $850 $1,133 $1,317 128,220
San Miguel County, NM $626 $637 $726 $967 $985 28,205
Santa Fe, NM MSA Metro $842 $975 $1,113 $1,419 $1,729 147,515
Sierra County, NM $482 $552 $726 $981 $985 11,255
Socorro County, NM $550 $552 $726 $1,031 $1,243 17,100
Taos County, NM $700 $704 $836 $1,033 $1,434 32,810
Union County, NM $550 $552 $726 $953 $1,122 4,215

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