Cheapest and most expensive places to rent in New Mexico
As of October 17, 2026, the cheapest city to rent in New Mexico is Las Cruces, where the median 2-bedroom asks $1,025/month, 27% below the statewide median of about $1,395. The most expensive is Santa Fe at $2,450/month.
Across the 5 New Mexico cities we rank, the median 2-bedroom runs from $1,025 in Las Cruces to $2,450 in Santa Fe, 2.4 times as much. 2 of 5 sit below the statewide 2-bedroom median of about $1,395. The largest rental market, Albuquerque (3,044 listings), has a median of $1,395, in line with the state.
Updated . Ranked by median 2-bedroom asking rent; only cities with at least 100 listings are included. Statewide median is estimated from city medians weighted by listing count. How we calculate
Cheapest cities to rent in New Mexico
| # | City | 1 bed | 2 beds | Listings | vs state (2BR) |
|---|---|---|---|---|---|
| 1 | Las Cruces | $750 | $1,025 | 496 | -27% |
| 2 | Clovis | — | $1,300 | 143 | -7% |
| 3 | Albuquerque | $1,000 | $1,395 | 3,044 | 0% |
Most expensive cities to rent in New Mexico
| # | City | 1 bed | 2 beds | Listings | vs state (2BR) |
|---|---|---|---|---|---|
| 1 | Santa Fe | $2,000 | $2,450 | 480 | +76% |
| 2 | Rio Rancho | — | $1,462 | 224 | +5% |
Common questions
- What is the cheapest city to rent in New Mexico?
- As of October 17, 2026, Las Cruces has the lowest median 2-bedroom asking rent among the New Mexico cities we rank, at $1,025/month. Next are Clovis ($1,300) and Albuquerque ($1,395).
- What is the most expensive city to rent in New Mexico?
- As of October 17, 2026, Santa Fe has the highest median 2-bedroom asking rent among the New Mexico cities we rank, at $2,450/month, 76% above the statewide median.
- What is the median rent for a 2-bedroom in New Mexico?
- As of October 17, 2026, the statewide median asking rent for a 2-bedroom is about $1,395/month. It is estimated from city medians weighted by listing count, using active listings on Redfin, Zillow and ApartmentHomeLiving. How we calculate