Highest Rent in New Mexico

Top 45 cities ranked by highest rent

Largest Cities Smallest Cities Most Dense Least Dense Highest Income Lowest Income Lowest Unemployment Highest Unemployment Lowest Poverty Highest Poverty Highest Home Value Most Affordable Highest Rent Lowest Rent Most Educated Youngest Cities Oldest Cities Safest Cities Highest Crime Warmest Cities Coldest Cities Rainiest Cities Driest Cities

All Countries · United States · New Mexico

Highest Rent — New Mexico

1 Eldorado at Santa Fe $2,132

2 Rio Rancho $1,481

3 Santa Fe $1,380

4 Los Alamos $1,304

5 El Cerro Mission $1,289

6 Santa Teresa $1,259

7 Carlsbad $1,206

8 Corrales $1,184

9 Los Lunas $1,157

10 Hobbs $1,132

11 North Hobbs $1,109

12 Albuquerque $1,085

13 Lovington $1,063

14 North Valley $1,063

15 Bernalillo $1,061

16 Farmington $993

17 Los Ranchos de Albuquerque $990

18 Clovis $947

19 Las Cruces $946

20 South Valley $942

21 Edgewood $938

22 Ruidoso $924

23 Taos $915

24 Alamogordo $886

25 Belen $877

26 Artesia $875

27 Chaparral $874

28 Portales $870

29 Gallup $858

30 Silver City $851

31 Roswell $840

32 Española $832

33 Bloomfield $831

34 Sunland Park $770

35 Aztec $765

36 Tucumcari $751

37 Grants $750

38 Raton $734

39 Las Vegas $731

40 Shiprock $693

41 Truth or Consequences $676

42 Socorro $675

43 Deming $596

44 Zuni Pueblo $565

45 Anthony $550

Cities with the highest rents in New Mexico reflect tight housing markets where demand significantly exceeds supply. Eldorado at Santa Fe leads with a median rent of $2,132 per month.

High rents are typically found in cities with strong economies, large populations of young professionals, and limited housing supply. These markets often have low vacancy rates and competitive rental processes.

The rent burden in these cities can be significant, with many residents spending more than 30% of their income on housing. This has fueled discussions about rent control, affordable housing development, and tenant protections in many of these communities.

Did You Know?

1. Renters in Eldorado at Santa Fe pay $2,132/month — that's $25,584 per year on housing alone.
2. The general rule of thumb is that rent should not exceed 30% of gross income — in many of these cities, average earners exceed that threshold.
3. High-rent cities often have rental vacancy rates below 5%, creating intense competition for available units.

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