2024 FMRs in New Mexico by county. Click on the map below to view FMRs for a particular county.
New Mexico Map
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 $989.
The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 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 $1,535 in Santa Fe County. The lowest FMR for a two-bedroom apartment is $877 in Catron County, Colfax County, and 16 others.
New Mexico ($989) has a 18.1% lower FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a lower gross rent.
New Mexico is rank 38th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 37 other States and territories. New Mexico is the 19th cheapest State or territory in terms of FMRs.
Average FMRs for New Mexico
Rank
Studio
1-person
2-person
3-person
4-person
| County | Rank | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|---|
| Santa Fe County | 1st | $1,171 | $1,317 | $1,535 | $1,960 | $2,044 |
| Los Alamos County | 2nd | $995 | $1,037 | $1,363 | $1,722 | $2,313 |
| Bernalillo County | 3rd | $828 | $1,005 | $1,222 | $1,722 | $2,064 |
| Sandoval County | 3rd | $828 | $1,005 | $1,222 | $1,722 | $2,064 |
| Torrance County | 3rd | $828 | $1,005 | $1,222 | $1,722 | $2,064 |
| Valencia County | 3rd | $828 | $1,005 | $1,222 | $1,722 | $2,064 |
| Lea County | 7th | $801 | $889 | $1,168 | $1,487 | $1,642 |
| Eddy County | 8th | $791 | $968 | $1,087 | $1,532 | $1,648 |
| Taos County | 9th | $845 | $921 | $1,050 | $1,375 | $1,782 |
| San Juan County | 10th | $843 | $847 | $1,012 | $1,426 | $1,526 |
| Curry County | 11th | $674 | $800 | $995 | $1,266 | $1,689 |
| Dona Ana County | 12th | $739 | $881 | $989 | $1,383 | $1,562 |
| Chaves County | 13th | $692 | $737 | $969 | $1,239 | $1,358 |
| Roosevelt County | 14th | $660 | $703 | $924 | $1,267 | $1,568 |
| Cibola County | 15th | $629 | $700 | $880 | $1,065 | $1,172 |
| Catron County | 16th | $627 | $707 | $877 | $1,120 | $1,488 |
| Colfax County | 16th | $760 | $781 | $877 | $1,158 | $1,372 |
| De Baca County | 16th | $627 | $667 | $877 | $1,236 | $1,488 |
| Grant County | 16th | $728 | $733 | $877 | $1,209 | $1,303 |
| Guadalupe County | 16th | $627 | $767 | $877 | $1,236 | $1,488 |
| Harding County | 16th | $627 | $707 | $877 | $1,236 | $1,488 |
| Hidalgo County | 16th | $627 | $707 | $877 | $1,236 | $1,488 |
| Lincoln County | 16th | $627 | $667 | $877 | $1,156 | $1,488 |
| Luna County | 16th | $594 | $691 | $877 | $1,181 | $1,488 |
| McKinley County | 16th | $663 | $739 | $877 | $1,127 | $1,168 |
| Mora County | 16th | $627 | $707 | $877 | $1,184 | $1,488 |
| Otero County | 16th | $609 | $722 | $877 | $1,236 | $1,488 |
| Quay County | 16th | $627 | $781 | $877 | $1,092 | $1,488 |
| Rio Arriba County | 16th | $666 | $670 | $877 | $1,060 | $1,168 |
| San Miguel County | 16th | $703 | $781 | $877 | $1,186 | $1,384 |
| Sierra County | 16th | $594 | $667 | $877 | $1,236 | $1,488 |
| Socorro County | 16th | $627 | $707 | $877 | $1,236 | $1,488 |
| Union County | 16th | $627 | $732 | $877 | $1,114 | $1,488 |
More on New Mexico
- Loan Limits to view maximum loan amounts in New Mexico
- Property Taxes to find Property Taxes in New Mexico
- Income Limits to learn more about income assistance in New Mexico
- Housing Authorites to find Housing Authorities in New Mexico
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Data Source
Fair Market Rents are estimated by the HUD.