Biggest Rent Increases in New Mexico — FY2026

Metro areas where the 2-bedroom FMR rose the most year-over-year in New Mexico. Largest year-over-year 2BR increase first, based on official HUD data. · View national rankings →

Most Expensive Metros for Rent Least Expensive Metros for Rent Biggest Rent Increases Highest Income Limits
# Metro Area State FY2025 2BR FY2026 2BR Change
1 Albuquerque, NM MSA NM $1,331 $1,464 +$133 (+10%)
2 Farmington, NM MSA NM $1,034 $1,085 +$51 (+4.9%)
3 Santa Fe, NM MSA NM $1,627 $1,685 +$58 (+3.6%)
4 Las Cruces, NM MSA NM $1,041 $1,042 +$1 (+0.1%)