A free resource by NextGen Coastal — monthly OC rental market intelligence
State data • Updated March 2026

New Mexico rent: top & bottom cities

Median ZORI rent across New Mexico cities, statewide macro overlay, plus the most-expensive and most-affordable cities side by side. Live from the NGP-Rental-Data warehouse.

New Mexico at a glance

$1,462Median city rent (ZORI)
4.7%Unemployment
513Permits / month
14Cities w/ rent data

Unemployment from FRED state series. Permits from Census BPS. Median = median across all New Mexico cities with current ZORI data. See methodology.

Most expensive & most affordable

Top 10 by rent

CityRent (ZORI)YoY
Artesia $3,648
Los Lunas $2,043
Santa Fe $1,924 -0.7%
Taos $1,913
Rio Rancho $1,805 +5.0%
Ruidoso $1,600
Carlsbad $1,578
Alamogordo $1,464 +1.5%
Albuquerque $1,459 +0.2%
Hobbs $1,356 +5.8%

Top 10 most affordable (pop ≥ 50k)

CityRent (ZORI)YoY
Las Cruces $1,346 +1.4%
Albuquerque $1,459 +0.2%
Rio Rancho $1,805 +5.0%
Santa Fe $1,924 -0.7%

Top 5 cities — overlaid rent trajectory

ZORI rent index — top 5 New Mexico cities

Monthly Zillow ZORI rent index. Data updates monthly. Source: methodology.

Compare cities in New Mexico

Pick any 2-4 cities for a side-by-side view:

Artesia vs Los Lunas vs Santa Fe · Pick your own →