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Best Places to Rent

New Mexico

Average Rent

$1,320

-0.3% YoY

Rent Comparison

-18.9% Lower

than national average

Population

2.14 Million

in 2022

The state of New Mexico is comprised of 3 metropolitan areas with a total population of 2,135,738. Explore New Mexico’s metro areas and compare key metrics.

Albuquerque Metro Area

Average Rent

$1,261

Population

928,888

# of Rentals

1,369

View Cities

Las Cruces Metro Area

Average Rent

$1,030

Population

231,975

# of Rentals

176

View Cities

Santa Fe Metro Area

Average Rent

$1,774

Population

158,544

# of Rentals

354

View Cities

Average Rent is calculated by averaging the monthly rent of 1 bedroom apartments.

Other States

New YorkMassachusettsDistrict of ColumbiaCaliforniaNew JerseyConnecticutNew HampshireVermontHawaiiRhode IslandWashingtonVirginiaMaineFloridaIllinoisMarylandColoradoPennsylvaniaDelawareOregonGeorgiaMontanaSouth CarolinaUtahIdahoTennesseeNorth CarolinaMinnesotaNevadaArizonaAlaskaWisconsinTexasWyoming

New Mexico

MichiganMissouriIndianaNebraskaOhioKansasKentuckyAlabamaLouisianaMississippiSouth DakotaNorth DakotaIowaWest VirginiaArkansasOklahoma

This information is based on data collected by CoStar Group researchers.