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RentData.org Logo New Mexico Fair Market Rent for 2025 Accurate Rental Price Data

Average Fair Market Rent Prices in New Mexico:
$739 $830 $1,009 $1,342 $1,593
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 38th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Mexico ranges from $933 for a 2-bedroom apartment in Catron County, NM to $1,627 for a 2-bedroom unit in Santa Fe, NM MSA.

For FY 2025, the Santa Fe, NM MSA (Santa Fe County) rent for a studio or efficiency is $1,235 per month and $2,157 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 $1,009 per month.

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 $913 $1,084 $1,331 $1,865 $2,209 0
Catron County, NM $678 $764 $933 $1,273 $1,549 0
Chaves County, NM $693 $737 $953 $1,234 $1,413 0
Cibola County, NM $678 $783 $933 $1,171 $1,237 0
Colfax County, NM $811 $843 $933 $1,247 $1,549 0
Curry County, NM $667 $805 $973 $1,246 $1,634 0
De Baca County, NM $678 $711 $933 $1,227 $1,549 0
Las Cruces, NM MSA Metro $741 $940 $1,041 $1,447 $1,605 0
Eddy County, NM $750 $931 $1,031 $1,379 $1,484 0
Grant County, NM $748 $753 $933 $1,242 $1,284 0
Guadalupe County, NM $678 $826 $933 $1,273 $1,549 0
Harding County, NM $678 $764 $933 $1,273 $1,549 0
Hidalgo County, NM $678 $764 $933 $1,307 $1,549 0
Lea County, NM $806 $862 $1,131 $1,397 $1,599 0
Lincoln County, NM $678 $790 $933 $1,271 $1,549 0
Los Alamos County, NM $997 $1,074 $1,409 $1,698 $2,366 0
Luna County, NM $640 $762 $933 $1,290 $1,567 0
McKinley County, NM $652 $799 $951 $1,169 $1,261 0
Mora County, NM $678 $764 $933 $1,273 $1,549 0
Otero County, NM $640 $761 $933 $1,307 $1,567 0
Quay County, NM $678 $711 $933 $1,162 $1,549 0
Rio Arriba County, NM $707 $711 $933 $1,124 $1,334 0
Roosevelt County, NM $678 $711 $933 $1,307 $1,567 0
Farmington, NM MSA Metro $841 $855 $1,034 $1,449 $1,571 0
San Miguel County, NM $753 $843 $933 $1,307 $1,549 0
Santa Fe, NM MSA Metro $1,235 $1,368 $1,627 $2,057 $2,157 0
Sierra County, NM $640 $711 $933 $1,307 $1,549 0
Socorro County, NM $678 $764 $933 $1,307 $1,549 0
Taos County, NM $808 $934 $1,070 $1,368 $1,797 0
Union County, NM $678 $768 $933 $1,273 $1,549 0

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