Census ACS 2023 · 23 cities
Cities in New Mexico With Highest Rent
Rent prices directly impact affordability for the many residents who don't own their homes. In New Mexico, Rio Rancho city has the highest median rent at $1,481. Rent varies based on local housing supply, demand, proximity to employment centers, and overall cost of living. For renters evaluating where to live in New Mexico, this ranking shows how monthly housing costs compare across the state's 23 major cities.
Source: Census ACS 2023 5-Year Estimates
| # | City | Median Rent | Home Value | Median Income |
|---|---|---|---|---|
| 1 | Sunland Park city | $770.00 | $194,900 | $52,147 |
| 2 | South Valley Cdp | $942.00 | $205,200 | $51,062 |
| 3 | Santa Fe city | $1,380 | $411,500 | $70,110 |
| 4 | Roswell city | $840.00 | $139,200 | $50,294 |
| 5 | Rio Rancho city | $1,481 | $273,300 | $85,755 |
| 6 | Portales city | $870.00 | $132,900 | $51,290 |
| 7 | North Valley Cdp | $1,063 | $290,500 | $67,115 |
| 8 | Lovington city | $1,063 | $162,900 | $67,284 |
| 9 | Los Lunas village | $1,157 | $232,700 | $63,696 |
| 10 | Los Alamos Cdp | $1,304 | $458,200 | $136,502 |
| 11 | Las Vegas city | $731.00 | $143,900 | $42,732 |
| 12 | Las Cruces city | $946.00 | $217,400 | $55,176 |
| 13 | Hobbs city | $1,132 | $180,700 | $65,691 |
| 14 | Gallup city | $858.00 | $134,600 | $57,466 |
| 15 | Farmington city | $993.00 | $225,400 | $63,745 |
| 16 | Española city | $832.00 | $205,100 | $47,664 |
| 17 | Deming city | $596.00 | $112,800 | $35,920 |
| 18 | Clovis city | $947.00 | $160,000 | $54,029 |
| 19 | Chaparral Cdp | $874.00 | $101,900 | $46,102 |
| 20 | Carlsbad city | $1,206 | $187,900 | $78,277 |
| 21 | Artesia city | $875.00 | $213,800 | $77,647 |
| 22 | Albuquerque city | $1,085 | $266,700 | $65,604 |
| 23 | Alamogordo city | $886.00 | $163,600 | $52,515 |
More Rankings for New Mexico
Frequently Asked Questions
Rio Rancho city is the #1 ranked city in New Mexico by median rent, with a value of $1,481 according to Census ACS 2023 data.
New Mexico has 23 cities with 10,000+ population tracked in Census ACS 2023 data.
All data comes from the American Community Survey (ACS) 2023 5-Year estimates by the US Census Bureau.
Data from the American Community Survey 2023 5-Year estimates. Covers cities with populations of 10,000 or more in New Mexico.