Average Rent in New Mexico

There are a total of 50 cities nearby New Mexico. The average rent in New Mexico is currently $2,100 per month. Only one city nearby has an average rent lower than that. Our records show that Albuquerque, NM, with an average rent of $963, is the most affordable city nearby. In contrast, the most expensive city near New Mexico is La Quinta, CA. Monthly rents here are on average $6,500 per month.

Let's compare New Mexico's rent against other top cities nearby by bedroom size. Typically, rent for studios in New Mexico is 0.21% more expensive than other cities nearby. One bedrooms are about 48.77% more affordable. Two bedrooms in New Mexico are about 69.55% more affordable. Finally, rent for three bedrooms are about 13.16% more affordable. Want more information? Check out the top 10 cities out of 50 total cities near New Mexico in the following table.

There are a total of 80 neighborhoods in or near New Mexico. Some of these neighborhoods include Westchase, North University, and Woodlake - Briar Meadow. We've included the top 30 neighborhoods out of 80 total neighborhoods in or near New Mexico in the following table.

The average rent for these 30 neighborhoods in or near New Mexico is currently around $2,139 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $2,139. Interestingly, the neighborhoods' average rent is higher than New Mexico's average rent, which is only $1,068. Out of all the neighborhoods in or near New Mexico, Capitol Hill has the most affordable average rent at $1,025 per month. Whereas, at $7,500 average rent per month, PGA West is the most expensive neighborhood in or near New Mexico. View the following table for more information.

There are a total of 49 counties located by New Mexico. Some of these counties include Bernalillo, NM, Lubbock, TX, and El Paso, TX. The average rent for rentals in these counties is $2,100. That's roughly around $15 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is San Antonio Central, San Antonio, TX. Its average rent per month is $950. Vice versa, with an average rent of $4,200, San Diego, CA is the most expensive county by New Mexico.

Typically, rent for studios in New Mexico is 26.98% more affordable than other counties nearby. In comparison, rent for one bedroom listings in New Mexico is 49.69% more affordable than other counties nearby. Finally, rent for two bedrooms in New Mexico is 55.78% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

There are a total of 48 zipcodes in or near New Mexico. The average rent for all of these zipcodes is $2,275.

Studios in these zipcodes have an average rent of $830. That's at least $21 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New Mexico is $1,400 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,825 per month. Which comes out to $20 per sqft. The following table includes the top 10 zipcodes in New Mexico. You can view the average rent breakdown for each zipcode by bedroom size.