Houses for Rent in Farmington, NM

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What to Know About

Life in Farmington & Beyond

Farmington shares many of the great qualities that make New Mexico a desirable place to live.

New Mexico, known as the "Land of Enchantment," boasts a rich cultural heritage, stunning desert landscapes, and thriving arts and outdoor recreation. Learn about the state's fascinating history by visiting ancient Native American ruins, such as the remarkable Chaco Canyon and Aztec Ruins, or experience modern art museums, including the world-renowned Harwood Museum of Art and the Museum of International Folk Art. The state is also home to several prestigious universities, including New Mexico State University and the University of New Mexico.

Outdoor enthusiasts will find no shortage of opportunities for adventure in New Mexico, with endless options for hiking, camping, and skiing in the Sandia and Sacramento Mountains, as well as fishing and boating in Lake Powell and Elephant Butte Lake. In addition, be sure to explore some of the most iconic landscapes in the country, including the magnificent Carlsbad Caverns National Park and White Sands National Monument, and experience the historic charm of Taos.

New Mexico's unique blend of affordability, job opportunities, cultural heritage, natural beauty, and quality of life make it a great place to live. So whether you're seeking outdoor adventures, artistic inspiration, or a peaceful desert oasis, New Mexico has it all.

Rental Market Trends

Farmington, NM

As of June 2026, Farmington's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Farmington's average rent is 2.9% ($41) higher than the New Mexico average of $1,400 and 19.8% ($356) lower than the U.S. average of $1,797.

Average Rent
$1,441
Monthly ChangeMonth Over Month Change
Decreased1% ($15)
Yearly ChangeYear Over Year Change
Increased9.1% ($120)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $867 Decreased0.5% ($4) Decreased14.7% ($150)
2 Beds $1,194 Decreased1.6% ($20) Decreased7.5% ($97)
3 Beds $1,746 Increased0.6% ($10) Increased6.7% ($109)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Farmington Rental Market FAQs

Explore rental prices, market trends, and availability in Farmington, NM.

The average rent in Farmington, NM is $1,441 per month.
Houses in Farmington typically rent for between $607 and $2,270 per month, with an average of $1,441 per month.
In Farmington, the average rent for a 1-bedroom house is $867 per month, for a 2-bedroom house, $1,194 per month, and a 3-bedroom house is $1,746 per month.
The average rent in Farmington is 19.8% ($356) lower than the national average of $1,797 per month.
The average rent in Farmington has decreased by 1.0% ($15) in the last month and increased by 9.1% ($120) over the past year.
The rental market in Farmington, NM, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Farmington, NM, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 14 rental properties available in Farmington, NM.
Based on the current averages, a household would need an annual income of $47,760 to comfortably afford a 2-bedroom house in Farmington.
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