Landlord Atlas

Average Rent in New Mexico (2027) — HUD Fair Market Rents

HUD data · effective Oct 1, 2026 New Mexico landlord-tenant laws →

The average two-bedroom rent in New Mexico is $1,282 per month by HUD's FY 2027 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $1,014 to $1,874 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 -1.0% versus FY 2026).

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 2026" is the two-bedroom change from last year's FMR for the same area.

Area Studio1 BR2 BR3 BR4 BR 2 BR vs FY 2026
Los Alamos County, NM Non-metro $1,305$1,433$1,874$2,233$3,132 +7.7%
Santa Fe, NM MSA Metro $1,260$1,413$1,735$2,134$2,280 +3.0%
Albuquerque, NM MSA Metro
4 counties Bernalillo County · Sandoval County · Torrance County · Valencia County
$977$1,112$1,384$1,902$2,242 -5.5%
Lea County, NM Non-metro $1,111$1,117$1,327$1,670$1,823 +0.2%
Taos County, NM Non-metro $900$1,104$1,292$1,626$1,932 +1.0%
Eddy County, NM Non-metro $1,053$1,150$1,252$1,734$1,855 +5.4%
Curry County, NM Non-metro $802$891$1,151$1,522$1,889 +4.8%
McKinley County, NM Non-metro $794$911$1,140$1,358$1,498 +4.6%
Farmington, NM MSA Metro $850$855$1,116$1,545$1,673 +2.9%
Chaves County, NM Non-metro $868$892$1,091$1,476$1,624 +1.9%
San Miguel County, NM Non-metro $796$925$1,077$1,491$1,689 +6.8%
Las Cruces, NM MSA Metro $790$975$1,073$1,461$1,692 +3.0%
Grant County, NM Non-metro $820$825$1,070$1,286$1,678 +2.1%
Lincoln County, NM Non-metro $834$839$1,063$1,355$1,667 +6.4%
Catron County, NM Non-metro $842$870$1,059$1,449$1,660 +1.8%
Harding County, NM Non-metro $842$870$1,059$1,449$1,660 +1.8%
Cibola County, NM Non-metro $813$852$1,022$1,218$1,343 +2.9%
Quay County, NM Non-metro $774$779$1,019$1,323$1,598 +4.7%
Colfax County, NM Non-metro $807$931$1,014$1,376$1,590 +4.2%
De Baca County, NM Non-metro $807$833$1,014$1,388$1,590 +4.2%
Guadalupe County, NM Non-metro $770$775$1,014$1,325$1,590 +4.2%
Hidalgo County, NM Non-metro $807$833$1,014$1,404$1,590 +4.2%
Luna County, NM Non-metro $709$782$1,014$1,325$1,399 +4.2%
Mora County, NM Non-metro $807$833$1,014$1,388$1,590 +4.2%
Otero County, NM Non-metro $706$877$1,014$1,404$1,695 +4.2%
Rio Arriba County, NM Non-metro $822$833$1,014$1,387$1,597 +4.2%
Roosevelt County, NM Non-metro $807$818$1,014$1,404$1,695 +4.0%
Sierra County, NM Non-metro $706$780$1,014$1,404$1,590 +1.0%
Socorro County, NM Non-metro $807$931$1,014$1,404$1,590 +4.2%
Union County, NM Non-metro $773$778$1,014$1,388$1,590 +4.2%

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 2027 Fair Market Rents, county-level file, 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, 2026 through September 30, 2027; last regenerated from HUD's file on 2026-09-01. 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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