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RentData.org Logo New Mexico Fair Market Rent for 2023 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$652 $714 $871 $1,162 $1,397
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

New Mexico (31) has the 71st highest rent in the country out of 112 states and territories. The Fair Market Rent in New Mexico ranges from $795 for a 2-bedroom apartment in Catron County, NM to $1,249 for a 2-bedroom unit in Santa Fe, NM MSA.

For FY 2023, the Santa Fe, NM MSA (Santa Fe County) rent for a studio or efficiency is $952 per month and $1,775 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 $871 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Mexico is around 1,860,072 people. So, there are around 279,011 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 2025
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Albuquerque, NM MSA Metro $765 $942 $1,144 $1,626 $1,949 679,037
Catron County, NM $582 $637 $795 $1,015 $1,354 3,547
Chaves County, NM $649 $674 $887 $1,121 $1,221 64,912
Cibola County, NM $643 $644 $817 $994 $1,098 26,763
Colfax County, NM $582 $704 $795 $968 $1,088 12,106
Curry County, NM $602 $707 $900 $1,154 $1,533 49,502
De Baca County, NM $582 $637 $795 $1,130 $1,354 1,995
Las Cruces, NM MSA Metro $715 $772 $893 $1,269 $1,459 217,696
Eddy County, NM $878 $898 $1,014 $1,441 $1,727 57,865
Grant County, NM $582 $682 $795 $1,092 $1,285 27,391
Guadalupe County, NM $582 $660 $795 $1,130 $1,354 4,336
Harding County, NM $582 $637 $795 $1,130 $1,354 432
Hidalgo County, NM $582 $637 $795 $1,000 $1,354 4,234
Lea County, NM $688 $776 $1,021 $1,319 $1,463 70,359
Lincoln County, NM $582 $614 $795 $1,048 $1,354 19,640
Los Alamos County, NM $860 $936 $1,195 $1,598 $2,036 18,976
Luna County, NM $532 $604 $795 $1,076 $1,354 24,022
McKinley County, NM $666 $671 $795 $1,063 $1,068 71,956
Mora County, NM $582 $637 $795 $1,065 $1,354 4,500
Otero County, NM $568 $695 $795 $1,130 $1,354 66,804
Quay County, NM $582 $704 $795 $1,029 $1,354 8,265
Rio Arriba County, NM $689 $689 $795 $968 $1,068 38,962
Roosevelt County, NM $629 $653 $860 $1,134 $1,430 18,723
Farmington, NM MSA Metro $756 $769 $909 $1,277 $1,391 125,608
San Miguel County, NM $676 $704 $795 $1,055 $1,254 27,546
Santa Fe, NM MSA Metro $952 $1,087 $1,249 $1,597 $1,775 150,319
Sierra County, NM $532 $604 $795 $1,130 $1,354 10,988
Socorro County, NM $582 $604 $795 $1,130 $1,354 16,723
Taos County, NM $769 $809 $937 $1,182 $1,596 32,759
Union County, NM $582 $626 $795 $993 $1,223 4,106

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