FY2026 Fair Market Rents — Santa Fe County
Studio
$1,259
1BR
$1,390
2BR
$1,685
3BR
$2,122
4BR
$2,231
Santa Fe County, New Mexico
FIPS 35049 · County-level FMR and income limit data
FMR Area: Santa Fe, NM MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,259 | $15,108 |
| 1-Bedroom | $1,390 | $16,680 |
| 2-Bedroom | $1,685 | $20,220 |
| 3-Bedroom | $2,122 | $25,464 |
| 4-Bedroom | $2,231 | $26,772 |
To afford the FY2026 2-bedroom FMR of $1,685/mo under the 30%-of-income rule, a household needs about
$67,400/yr ($5,617/mo). Area Median Income is $118,600.
At NM's state minimum wage of $12.00/hr, a worker would need to work 109 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,259 | $1,390 | $1,685 | $2,122 | $2,231 |
| FY2025 | $1,235 | $1,368 | $1,627 | $2,057 | $2,157 |
| FY2024 | $1,171 | $1,317 | $1,535 | $1,960 | $2,044 |
| FY2023 | $952 | $1,087 | $1,249 | $1,597 | $1,775 |
| FY2022 | $842 | $975 | $1,113 | $1,419 | $1,729 |
| FY2021 | $804 | $940 | $1,071 | $1,363 | $1,571 |
| FY2020 | $802 | $928 | $1,057 | $1,376 | $1,534 |
FY2026 Income Limits
Area Median Income: $118,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,000 | $26,250 | $29,550 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $38,300 | $43,750 | $49,250 | $54,700 | $59,100 | $63,500 |
| 80% AMI | $61,250 | $70,000 | $78,750 | $87,500 | $94,500 | $101,500 |