New Mexico Fair Market Rents

2022 Fair Market Rents

2022 FMRs in New Mexico by county. Click on the map below to view FMRs for a particular county.

New Mexico Map

Minimum FMR
Maximum FMR

FMRs vary across New Mexico based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in New Mexico is $813.

The highest average FMR for a two-bedroom apartment in the United States is $1,888 in Hawaii. The lowest for a two-bedroom apartment is $485 in Puerto Rico.

FMRs in New Mexico are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does New Mexico compare?

The highest FMR for a two-bedroom apartment in New Mexico is $1,113 in Santa Fe County. The lowest FMR for a two-bedroom apartment is $726 in Sierra County.

New Mexico ($813) has a 18.5% lower FMR for 2-Bedroom housing than the average of the US ($997) and therefore has a lower gross rent.

New Mexico is rank 33rd out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 32 other States and territories. New Mexico is the 24th cheapest State or territory in terms of FMRs.

Average FMRs for New Mexico

33rd
Rank
$614
Studio
$661
1-person
$813
2-person
$1,095
3-person
$1,311
4-person
Counties in New Mexico (33)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Santa Fe County 1st $842 $975 $1,113 $1,419 $1,729
Los Alamos County 2nd $774 $850 $1,068 $1,449 $1,842
Bernalillo County 3rd $666 $821 $996 $1,415 $1,705
Sandoval County 3rd $666 $821 $996 $1,415 $1,705
Valencia County 3rd $666 $821 $996 $1,415 $1,705
Torrance County 3rd $666 $821 $996 $1,415 $1,705
Eddy County 7th $758 $763 $924 $1,322 $1,599
Lea County 8th $675 $707 $930 $1,205 $1,357
San Juan County 9th $724 $734 $850 $1,133 $1,317
Taos County 10th $700 $704 $836 $1,033 $1,434
Curry County 11th $550 $633 $834 $1,120 $1,378
Dona Ana County 12th $635 $649 $787 $1,118 $1,315
Lincoln County 13th $610 $627 $779 $994 $1,311
Roosevelt County 14th $597 $598 $787 $1,048 $1,251
Chaves County 15th $613 $618 $814 $1,051 $1,169
Mora County 16th $588 $598 $752 $1,023 $1,271
De Baca County 16th $588 $598 $752 $1,023 $1,271
Otero County 18th $545 $637 $726 $1,031 $1,243
Guadalupe County 19th $550 $618 $726 $1,031 $1,240
Catron County 20th $550 $579 $726 $1,031 $1,240
Harding County 20th $550 $579 $726 $1,031 $1,240
Socorro County 22nd $550 $552 $726 $1,031 $1,243
Quay County 23rd $550 $620 $726 $955 $1,240
Grant County 23rd $567 $616 $726 $990 $1,192
Hidalgo County 25th $550 $579 $726 $897 $1,243
Luna County 26th $482 $552 $726 $974 $1,243
San Miguel County 27th $626 $637 $726 $967 $985
Union County 28th $550 $552 $726 $953 $1,122
McKinley County 29th $608 $612 $726 $967 $985
Rio Arriba County 30th $626 $637 $726 $897 $985
Cibola County 31st $593 $597 $726 $897 $985
Colfax County 32nd $550 $560 $726 $897 $1,012
Sierra County 33rd $482 $552 $726 $981 $985

More on New Mexico

Want to learn more about New Mexico? See Loan Limits in New Mexico to view maximum loan amounts or click here to find a Public Housing Authority in New Mexico who can help with finding affordable housing near you.

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.