Official HUD Fair Market Rents for all 4 New Mexico metro FMR areas. Median 3-bedroom benchmark across the state's metros: $1,865/mo. FMRs are 40th-percentile gross rents — treat them as floor benchmarks, not asking rents.
| Metro | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Albuquerque | $913 | $1,084 | $1,331 | $1,865 | $2,209 |
| Farmington | $841 | $855 | $1,034 | $1,449 | $1,571 |
| Las Cruces | $741 | $940 | $1,041 | $1,447 | $1,605 |
| Santa Fe | $1,235 | $1,368 | $1,627 | $2,057 | $2,157 |
Source: U.S. Department of Housing & Urban Development, FY2025 Fair Market Rents for New Mexico metro FMR areas. Compiled by AgenticREI.ai. Free to cite with a link.
Every strategy calculator can start from these benchmarks — or paste any New Mexico address into the analyzer and it pulls the property records and market rents itself, then gives you a straight BUY, NEGOTIATE, or PASS.
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