Los Lunas, NM Rental Market Trends
Highlights
The average rent for an apartment in Los Lunas is $1,137, a 6% decrease compared to the previous year, when the average rent was $1,215.
Average Rent in Los Lunas, NM
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,137 | -6% | 1,150 sq. ft. |
The average size for a Los Lunas, NM apartment is 1,150 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.
Los Lunas, NM Apartment Rent Ranges
- $701-$1,00017%
- $1,001-$1,50083%
Los Lunas, NM Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
1,680 or 29% of the households in Los Lunas, NM are renter-occupied while 3,938 or 70% are owner-occupied.
Los Lunas, NM Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Los Lunas, NM | $873 | $1,149 | $873 | $1,107 | $1,107 | $1,174 | $1,215 | $1,109 | $1,174 | $1,137 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Los Lunas Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Albuquerque | $922 | 6% |
| Santa Fe | $1,249 | 6% |
| Rio Rancho | $930 | 2% |
| Los Ranchos de Albuquerque | $978 | 6% |
| Los Lunas | $1,137 | -6% |
For more information about the Los Lunas rental trends, check out our monthly rent report
Check out New Mexico Cities, New Mexico Neighborhoods and New Mexico Zip Codes for more details on verified listings, including the New Mexico Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!