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Apartments for Rent in New Mexico under $500 – 10 Rentals available

  • Apartment
    7220 Central Ave SE, Albuquerque, NM 87108
    $485 - $935
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (505) 255-7511
  • Apartment
    1200 Dickerson SE, Albuquerque, NM 87106
    • Studio-3 Beds

Popular Searches

New Mexico Demographics

  • Total Population2,100,022
  • Female 1,039,565
    Male 1,060,457
  • Median Age42

Average Rent in New Mexico

  • New Mexico Average Rental Price, May 2019$874/mo

New Mexico Apartment Rent Ranges

  • < $5003%
  • $501-$70027%
  • $701-$1,00046%
  • $1,001-$1,50020%
  • $1,501-$2,0003%
  • > $2,0001%

New Mexico Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
New Mexico $795 $806 $816 $820 $834 $844 $842 $841 $874
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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New Mexico Households

  • Total Number of Households774,982
  • Family 494,708
    Non-family 280,274
  • Children 240,221
    No Children 534,761
  • Average People Per Household2.74
  • Median Household Income$38,548
  • Median Housing Costs Per Month$508

New Mexico Education Statistics

  • No High School6%
  • Some High School36%
  • Some College27%
  • Associate Degree8%
  • Bachelor Degree14%
  • Graduate Degree10%