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Average Fair Market Rent Prices in New Mexico:
$765 $942 $1,144 $1,626 $1,949
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 33rd highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico is $1,144 for a 2-bedroom apartment in Albuquerque, NM MSA.

For FY 2023, the Albuquerque, NM MSA (Bernalillo County) rent for a studio or efficiency is $765 per month and $1,949 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 $1,144 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Mexico is around 679,037 people. So, there are around 101,856 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:
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Metro $765 $942 $1,144 $1,626 $1,949 679,037
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