Landlord Atlas

Average Rent in New Mexico (2026) — HUD Fair Market Rents

HUD data · effective Oct 1, 2025 New Mexico landlord-tenant laws →

The average two-bedroom rent in New Mexico is $1,294 per month by HUD's FY 2026 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $973 to $1,740 across 30 rent areas.

Fair Market Rent is HUD's annual estimate of what a modest rental costs in each local market — the 40th percentile of gross rents (rent plus tenant-paid utilities) for recent movers, published for studio through four-bedroom units and used to set Section 8 / Housing Choice Voucher payment standards. FMRs are a federal benchmark, not an asking-rent average: use them to sanity-check your pricing (statewide, New Mexico's typical two-bedroom FMR moved +8.6% versus FY 2025).

All 30 New Mexico FMR areas

Sorted by two-bedroom rent, highest first. 4 metro areas; the rest are non-metro county areas. "vs FY 2025" is the two-bedroom change from last year's FMR for the same area.

Area Studio1 BR2 BR3 BR4 BR 2 BR vs FY 2025
Los Alamos County, NM Non-metro $1,200$1,326$1,740$2,086$2,843 +23.5%
Santa Fe, NM MSA Metro $1,259$1,390$1,685$2,122$2,231 +3.6%
Albuquerque, NM MSA Metro
4 counties Bernalillo County · Sandoval County · Torrance County · Valencia County
$1,009$1,185$1,464$2,036$2,399 +10.0%
Lea County, NM Non-metro $1,062$1,068$1,324$1,641$1,829 +17.1%
Taos County, NM Non-metro $908$1,072$1,279$1,593$2,146 +19.5%
Eddy County, NM Non-metro $1,035$1,084$1,188$1,619$1,625 +15.2%
Curry County, NM Non-metro $757$892$1,098$1,425$1,842 +12.8%
McKinley County, NM Non-metro $752$894$1,090$1,307$1,443 +14.6%
Farmington, NM MSA Metro $882$885$1,085$1,509$1,630 +4.9%
Chaves County, NM Non-metro $738$887$1,071$1,421$1,562 +12.4%
Grant County, NM Non-metro $795$801$1,048$1,304$1,388 +12.3%
Las Cruces, NM MSA Metro $744$951$1,042$1,449$1,580 +0.1%
Catron County, NM Non-metro $773$853$1,040$1,424$1,677 +11.5%
Harding County, NM Non-metro $773$853$1,040$1,424$1,677 +11.5%
San Miguel County, NM Non-metro $783$920$1,008$1,402$1,626 +8.0%
Sierra County, NM Non-metro $692$765$1,004$1,396$1,619 +7.6%
Lincoln County, NM Non-metro $815$820$999$1,305$1,611 +7.1%
Cibola County, NM Non-metro $738$823$993$1,223$1,315 +6.4%
Roosevelt County, NM Non-metro $725$772$975$1,356$1,636 +4.5%
Colfax County, NM Non-metro $730$888$973$1,302$1,569 +4.3%
De Baca County, NM Non-metro $723$798$973$1,167$1,569 +4.3%
Guadalupe County, NM Non-metro $723$791$973$1,332$1,569 +4.3%
Hidalgo County, NM Non-metro $723$798$973$1,353$1,569 +4.3%
Luna County, NM Non-metro $671$783$973$1,280$1,528 +4.3%
Mora County, NM Non-metro $723$798$973$1,332$1,569 +4.3%
Otero County, NM Non-metro $671$792$973$1,353$1,632 +4.3%
Quay County, NM Non-metro $723$742$973$1,227$1,569 +4.3%
Rio Arriba County, NM Non-metro $737$742$973$1,199$1,437 +4.3%
Socorro County, NM Non-metro $723$888$973$1,353$1,569 +4.3%
Union County, NM Non-metro $723$770$973$1,332$1,569 +4.3%

Download this table as CSV — every area, studio through 4-bedroom, with county lists and year-over-year change.

About this data

Source: HUD FY 2026 Fair Market Rents, county-level file (revised), published at huduser.gov — a U.S. government work in the public domain, republished here unmodified. The typical-rent figure is the population-weighted average across the areas above (county populations from HUD's file); year-over-year comparisons match each area with last year's file by HUD area code. Effective October 1, 2025 through September 30, 2026; last regenerated from HUD's file on 2026-07-20. FMRs cap what a housing authority can pay under the voucher program; your local Public Housing Authority's payment standard may be set between 90% and 110% of FMR. Full method notes: how the rent figures are computed.

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