Average Rent in New Mexico by City and ZIP (2026)
Across 40 New Mexico ZIP codes with data, typical asking rent runs from $862 to $2,771, with a statewide median of $1,535. Data as of June 2026.
New Mexico cities with rent data
| City | Median rent | Range | ZIP codes |
|---|---|---|---|
| Albuquerque | $1,475 | $1,019 to $2,111 | 16 |
| Las Cruces | $1,296 | $971 to $1,748 | 4 |
| Santa Fe | $1,920 | $1,777 to $2,144 | 3 |
Is New Mexico a good place to buy a rental?
Rent is only half the equation. Compare it against local prices to see where the numbers actually work.
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