Living in New Mexico
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.
New Mexico
As of May 2025, New Mexico's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New Mexico's average rent is 18.5% ($333) lower than the U.S. average of $1,799.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,144 | 2.3% ($26) | 8.8% ($93) |
| 2 Beds | $1,492 | 1.2% ($17) | 21.5% ($264) |
| 3 Beds | $1,990 | 3.4% ($66) | 4.6% ($88) |
| Top Markets in New Mexico | Average Rent | Avg. Rent vs. NMAverage Rent vs. New Mexico | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Albuquerque | $1,333 | 9.1% ($133) | 25 days |
| Santa Fe | $2,076 | 41.6% ($610) | 26 days |
| Las Cruces | $1,425 | 2.8% ($41) | 32 days |
| Clovis | $924 | 37% ($542) | 40 days |
| Rio Rancho | $1,959 | 33.6% ($493) | 28 days |
Explore rental prices, market trends, and availability in New Mexico.
