Average Rent in New Mexico

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Current Versus Historical New Mexico Rents

New Mexico rentals average $0 for a 3-bedroom rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $900, or roughly $0 per square feet.

For the apartment units and housing in July 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $196 (-21.56%) year-over-year from $908 to $713. 1-bedroom rentals prices have decreased by $62 (-7.20%) year-over-year from $857 to $795. 2-bedroom rentals prices have decreased by $91 (-8.48%) year-over-year from $1,071 to $980. 3-bedroom rentals prices have increased by $92 (5.14%) year-over-year from $1,783 to $1,875. 4-bedroom rentals prices have increased by $155 (7.14%) year-over-year from $2,170 to $2,325. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 41.12% this month. 1-bedroom rents have gone down by 5.92% this month. 2-bedroom rents have gone down by 10.96% this month. 3-bedroom rents have gone down by 3.43% this month. 4-bedroom rents have gone up by 1.82% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)

Historical Rents in New Mexico

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near New Mexico

There are a total of 13 cities nearby New Mexico. The average rent in New Mexico is currently $2,150 per month. Our records show that Sunrise Manor, NV, with an average rent of $1,350, is the most affordable city nearby. In contrast, the most expensive city near New Mexico is Summerlin South, NV. Monthly rents here are on average $2,723 per month.

Let's compare New Mexico's rent against other top cities nearby by bedroom size. One bedrooms are about inf% more affordable. Two bedrooms in New Mexico are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 13 total cities near New Mexico in the following chart.

City	Studio	1 Bed	2 Bed	All
Sunrise Manor, NV	N/A	$1,000	$1,150	$1,350
San Antonio, TX	N/A	$930	$1,508	$1,591
Paradise, NV	$2,199	$1,798	$1,700	$2,000
North Las Vegas, NV	N/A	$950	$1,610	$2,100
Denver, CO	$1,596	$2,013	$2,700	$2,148
Cedar Park, TX	N/A	$1,251	$1,681	$2,150
Enterprise, NV	N/A	$1,500	$1,725	$2,300
Austin, TX	$1,149	$1,400	$1,950	$2,300
Henderson, NV	$2,075	$1,350	$1,825	$2,350
Winchester, NV	N/A	$2,000	$3,175	$2,395

Top Neighborhoods Near New Mexico

There are a total of 14 neighborhoods in or near New Mexico. Some of these neighborhoods include North Burnet, West University, and Downtown Las Vegas. We've included all of these top 14 neighborhoods in or near New Mexico in the following chart.

The average rent for these 14 neighborhoods in or near New Mexico is currently around $2,224 per month. Meaning, only fourteen neighborhoods have a higher average rent than $2,224. Interestingly, the neighborhoods' average rent is higher than New Mexico's average rent, which is only $900. Out of all the neighborhoods in or near New Mexico, North Burnet has the most affordable average rent at $1,434 per month. Whereas, at $3,295 average rent per month, Downtown Austin is the most expensive neighborhood in or near New Mexico. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Burnet, Austin, TX	$1,171	$1,415	$2,165	$1,434
West University, Austin, TX	$1,195	$1,250	$1,700	$1,550
Downtown Las Vegas, Las Vegas, NV	$1,095	$1,800	$1,400	$1,600
Buttercup Creek, Cedar Park, TX	N/A	$1,238	$1,626	$1,815
Silverado Ranch, Paradise, NV	N/A	$2,213	$1,950	$2,100
Barton Hills, Austin, TX	N/A	$1,666	$2,062	$2,171
Mountain Edge, Enterprise, NV	N/A	N/A	N/A	$2,198
Rhodes Ranch, Spring Valley, NV	N/A	$1,798	$1,600	$2,250
Green Valley North, Henderson, NV	N/A	N/A	$1,650	$2,323
Mira Villas, Las Vegas, NV	N/A	N/A	$1,985	$2,397
Southern Highlands, Enterprise, NV	N/A	N/A	$2,200	$2,713
The Strip, Paradise, NV	$2,199	$2,498	$3,200	$2,790
Bouldin Creek, Austin, TX	$1,300	$2,100	$2,925	$2,800
Downtown Austin, Austin, TX	$1,825	$2,895	$4,500	$3,295

Top Counties Near New Mexico

There are a total of 14 counties located by New Mexico. Some of these counties include Las Vegas, NV, Denver, CO, and New Braunfels, TX. The average rent for rentals in these counties is $2,195. That's roughly around $1 per sqft. The county that is the most affordable is Las Vegas, NV. It's average rent per month is $2,100. Vice versa, with an average rent of $2,295, Austin, TX is the most expensive county by New Mexico.

Typically, rent for studios in New Mexico is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in New Mexico is inf% more affordable than other counties nearby. Finally, rent for two bedrooms in New Mexico is inf% more affordable than other counties nearby. We've listed the top 7 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Las Vegas, NV	$1,600	$1,300	$1,595	$2,100
Denver, CO	$1,596	$2,013	$2,700	$2,148
New Braunfels, TX	N/A	$700	$1,450	$2,149
Clark, NV	$1,600	$1,300	$1,600	$2,195
Cedar Park-Liberty Hill, TX	N/A	$1,268	$1,681	$2,243
Round Rock-Georgetown, TX	N/A	$1,350	$1,625	$2,275
Austin, TX	$1,150	$1,400	$1,950	$2,295

Top Zipcodes Near New Mexico

There are a total of 32 zipcodes in or near New Mexico. The average rent for all of these zipcodes is $2,200.

The following chart includes the top 10 zipcodes in New Mexico. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
89052, Henderson, NV	N/A	$1,423	$2,100	$2,473
89117, Las Vegas, NV	N/A	$1,525	$1,598	$2,495
89148, Clark County, NV	N/A	$1,798	$1,875	$2,295
78130, New Braunfels, TX	N/A	$700	$1,388	$2,100
89128, Las Vegas, NV	N/A	$1,298	$1,578	$2,100
89113, Spring Valley, NV	N/A	$1,350	$1,595	$2,200
89135, Clark County, NV	N/A	N/A	$2,300	$2,800
89178, Enterprise, NV	N/A	N/A	$1,750	$2,200
89139, Enterprise, NV	N/A	$1,950	$2,998	$2,295
89011, Henderson, NV	$2,075	$1,575	$2,150	$2,300

Frequently Asked Questions - New Mexico Average Rents

What is the average rent price in New Mexico?

The average monthly rental price for New Mexico apartments for rent is approximately $900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do New Mexico rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in New Mexico.

How much is a studio apartment in New Mexico?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in New Mexico.

How much is a one bedroom apartment in New Mexico?

The average monthly rental price for one bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 one bedroom apartment listings currently available for rent in New Mexico.

How much is a two bedroom apartment in New Mexico?

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in New Mexico.

How have rent prices in New Mexico changed this year?

Rent prices for rentals in New Mexico can fluctuate yearly. Specifically, studio rental prices have changed by -0.22%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.08%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in New Mexico?

A reasonable rent price in New Mexico is around $720/month. You can search for these reasonably priced rental listings on RentHop.