Rent prices in New Mexico, city by city
As of October 17, 2026, 4,967 rentals are listed across 13 New Mexico cities we track. Statewide median asking rent: studio about $800, 1-bedroom about $1,000, 2-bedroom about $1,395, 3+ bedroom about $2,295.
The most expensive 3 cities for a 1-bedroom: Santa Fe ($2,000), Albuquerque ($1,000), Las Cruces ($750). Cheapest and most expensive places to rent in New Mexico
4,967 listings across 13 cities with at least 50 rentals listed. Medians use listings with a single price and bedroom count; fewer than 20 and the figure is left out. Statewide figures are estimated from city medians weighted by listing count. Updated . How we calculate
| City | Listings | 1 bed | 2 beds |
|---|---|---|---|
| Albuquerque | 3,044 | $1,000 | $1,395 |
| Las Cruces | 496 | $750 | $1,025 |
| Santa Fe | 480 | $2,000 | $2,450 |
| Rio Rancho | 224 | — | $1,462 |
| Clovis | 143 | — | $1,300 |
| Farmington | 87 | — | $1,150 |
| Hobbs | 86 | — | — |
| Alamogordo | 84 | — | — |
| Roswell | 79 | — | $1,150 |
| Los Lunas | 65 | — | — |
| Carlsbad | 64 | — | — |
| Ruidoso | 59 | — | — |
| Portales | 56 | — | $850 |