Las Cruces, NM Rental Market Trends
What is the average rent in Las Cruces?
The average rent for an apartment in Las Cruces is $875, a 5% increase compared to the previous year, when the average rent was $831.
Average Rent in Las Cruces, NM
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $875 | 5% | 910 sq. ft. |
What is the average apartment size in Las Cruces?
The average size for a Las Cruces, NM apartment is 910 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Las Cruces, NM Apartment Rent Ranges
Las Cruces, NM Occupied Housing Units
15,500 or 38% of the households in Las Cruces, NM are renter-occupied while 24,425 or 61% are owner-occupied.
Las Cruces, NM Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jul / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Las Cruces, NM | $798 | $797 | $804 | $809 | $814 | $822 | $831 | $844 | $860 | $875 |
| National | $1,317 | $1,348 | $1,357 | $1,362 | $1,394 | $1,401 | $1,403 | $1,394 | $1,397 | $1,482 |
Average Rent in Las Cruces, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Las Cruces City | $875 |
| Fairacres | $641 |
| Mesilla | $641 |
What are the most affordable neighborhoods in Las Cruces?
The most affordable neighborhoods in Las Cruces are Fairacres, where the average rent goes for $641/month, Mesilla, where renters pay $641/mo on average, and Las Cruces City, where the average rent goes for $875/mo.
Las Cruces | Rent Comparison by Neighborhood
Rent in Fairacres is 27% lower than in Las Cruces City
Fairacres rent is 27% lower than Las Cruces average
| Average Rent | $641 |
|---|
Las Cruces City rent is the same as Las Cruces average
| Average Rent | $875 |
|---|
How Las Cruces Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Tucson | $1,059 | 14% |
| Albuquerque | $1,054 | 14% |
| El Paso | $853 | 7% |
| Odessa | $943 | -13% |
| Santa Fe | $1,285 | 3% |
| Catalina Foothills | $1,127 | 19% |
| Oro Valley | $1,264 | 21% |
| Rio Rancho | $1,035 | 11% |
| Apache Junction | $673 | n/a |
| Las Cruces | $875 | 5% |
| Los Alamos | $1,195 | 6% |