Rental Market in
New Mexico

Median rents, affordability ratios, and city-by-city breakdowns across 3 metro areas.

State Average Rent

$---

-18.2% vs national

Lowest Rent

$---

Las Cruces

Highest Rent

$---

Rio Rancho

Avg Rent-to-Income

---%of annual income

Rent Landscape

$1,902

27% income

$1,457

27% income

$1,290

28% income

<30% Affordable 30-40% Stretched >40% Unaffordable National avg

All Cities

City	Median Rent	Affordability	Population
Rio Rancho	$1,902	26.6%	110,660
Albuquerque	$1,457	26.7%	560,274
Las Cruces	$1,290	28.1%	114,892

Affordability Breakdown

Affordable (<30%)3

Stretched (30–40%)0

Unaffordable (>40%)0

Most Affordable

Most Expensive

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Data Sources & Methodology

Rent Data: According to Zillow ZORI (Zillow Observed Rent Index), the industry standard for median asking rent data.

Income Data: According to U.S. Census Bureau ACS 2023, table B19013 — median household income.

Affordability: Calculated as (Monthly Rent × 12) ÷ Annual Income × 100%. The 30% threshold is the HUD standard.

Updated monthly

Last refresh: Mar 20, 2026

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