2023 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 $896.
The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 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 $1,249 in Santa Fe County. The lowest FMR for a two-bedroom apartment is $795 in Colfax County.
New Mexico ($896) has a 18.2% lower FMR for 2-Bedroom housing than the average of the US ($1,096) 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
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 | $952 | $1,087 | $1,249 | $1,597 | $1,775 |
| Los Alamos County | 2nd | $860 | $936 | $1,195 | $1,598 | $2,036 |
| Bernalillo County | 3rd | $765 | $942 | $1,144 | $1,626 | $1,949 |
| Sandoval County | 3rd | $765 | $942 | $1,144 | $1,626 | $1,949 |
| Valencia County | 3rd | $765 | $942 | $1,144 | $1,626 | $1,949 |
| Torrance County | 3rd | $765 | $942 | $1,144 | $1,626 | $1,949 |
| Eddy County | 7th | $878 | $898 | $1,014 | $1,441 | $1,727 |
| Taos County | 8th | $769 | $809 | $937 | $1,182 | $1,596 |
| Lea County | 9th | $688 | $776 | $1,021 | $1,319 | $1,463 |
| Dona Ana County | 10th | $715 | $772 | $893 | $1,269 | $1,459 |
| San Juan County | 11th | $756 | $769 | $909 | $1,277 | $1,391 |
| Curry County | 12th | $602 | $707 | $900 | $1,154 | $1,533 |
| Roosevelt County | 13th | $629 | $653 | $860 | $1,134 | $1,430 |
| Chaves County | 14th | $649 | $674 | $887 | $1,121 | $1,221 |
| Otero County | 15th | $568 | $695 | $795 | $1,130 | $1,354 |
| Guadalupe County | 16th | $582 | $660 | $795 | $1,130 | $1,354 |
| Harding County | 17th | $582 | $637 | $795 | $1,130 | $1,354 |
| De Baca County | 17th | $582 | $637 | $795 | $1,130 | $1,354 |
| San Miguel County | 19th | $676 | $704 | $795 | $1,055 | $1,254 |
| Socorro County | 20th | $582 | $604 | $795 | $1,130 | $1,354 |
| Quay County | 21st | $582 | $704 | $795 | $1,029 | $1,354 |
| Grant County | 22nd | $582 | $682 | $795 | $1,092 | $1,285 |
| Mora County | 23rd | $582 | $637 | $795 | $1,065 | $1,354 |
| Sierra County | 24th | $532 | $604 | $795 | $1,130 | $1,354 |
| Lincoln County | 25th | $582 | $614 | $795 | $1,048 | $1,354 |
| Catron County | 26th | $582 | $637 | $795 | $1,015 | $1,354 |
| Hidalgo County | 27th | $582 | $637 | $795 | $1,000 | $1,354 |
| Luna County | 28th | $532 | $604 | $795 | $1,076 | $1,354 |
| McKinley County | 29th | $666 | $671 | $795 | $1,063 | $1,068 |
| Union County | 30th | $582 | $626 | $795 | $993 | $1,223 |
| Rio Arriba County | 31st | $689 | $689 | $795 | $968 | $1,068 |
| Cibola County | 32nd | $643 | $644 | $817 | $994 | $1,098 |
| Colfax County | 33rd | $582 | $704 | $795 | $968 | $1,088 |
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
Fair Market Rents are estimated by the HUD.