Rent Trends / NM

Rent Trends in New Mexico: 2015 to 2026

Rent prices for 17 cities in New Mexico, tracked yearly from 2015 to 2026 using Zillow's Observed Rent Index (ZORI). The average rent across tracked cities is $1,655, compared to $863 in 2015. The biggest increase was in Rio Rancho (+92.5%).

Source: Zillow Observed Rent Index (ZORI) · January snapshots · Click any column header to sort

17 of 17 cities

City	Metro	'15	'16	'17	'18	'19	'20	'21	'22	'23	'24	'25	'26	% Chg
Albuquerque	Albuquerque, NM	$833	$850	$871	$899	$935	$984	$1,060	$1,245	$1,366	$1,414	$1,462	$1,477	+77.3%
Las Cruces	Las Cruces, NM	$785	$803	$827	$850	$874	$916	$1,011	$1,133	$1,239	$1,293	$1,332	$1,358	+73.0%
Santa Fe	Santa Fe, NM	—	—	$1,093	$1,166	$1,307	$1,386	$1,464	$1,683	$1,826	$1,922	$1,972	$1,958	+79.1%
Rio Rancho	Albuquerque, NM	$972	$1,010	$1,031	$1,061	$1,103	$1,181	$1,284	$1,471	$1,631	$1,740	$1,808	$1,871	+92.5%
Farmington	Farmington, NM	—	—	—	—	—	—	—	—	—	$1,314	$1,406	$1,489	+13.3%
Roswell	Roswell, NM	—	—	—	—	—	—	—	—	$1,020	$1,035	$1,189	$1,156	+13.3%
Hobbs	Hobbs, NM	—	—	—	—	—	—	—	—	—	$1,171	$1,270	$1,347	+15.0%
Los Lunas	Albuquerque, NM	—	—	—	—	—	—	—	—	$1,192	$1,324	$1,353	$1,981	+66.2%
Clovis	Clovis, NM	—	—	—	—	—	—	—	$1,072	$1,120	$1,171	$1,197	$1,257	+17.3%
Carlsbad	Carlsbad-Artesia, NM	—	—	—	—	—	—	—	—	—	—	—	$1,698	+0.0%
Alamogordo	Alamogordo, NM	—	—	—	—	—	—	—	—	—	$1,354	$1,464	$1,506	+11.2%
Los Alamos	Los Alamos, NM	—	—	—	—	—	—	—	—	—	—	—	$2,758	+0.0%
Silver City	Silver City, NM	—	—	—	—	—	—	—	—	—	—	—	$1,225	+0.0%
Artesia	Carlsbad-Artesia, NM	—	—	—	—	—	—	—	—	—	—	—	$2,631	+0.0%
Portales	Portales, NM	—	—	—	—	—	—	—	—	—	$883	$921	$959	+8.6%
Ruidoso	Ruidoso, NM	—	—	—	—	—	—	—	—	—	—	—	$1,800	+0.0%
Santa Teresa	Las Cruces, NM	—	—	—	—	—	—	—	—	—	—	—	$1,668	+0.0%

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