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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

North Valley, NM Rental Market Trends

Highlights

The average rent for an apartment in North Valley is $1,101, a 5% increase compared to the previous year, when the average rent was $1,049.

Average Rent in North Valley, NM

Last updated February 2021
Average Rent Y-o-Y Change Average Apartment Size
$1,101 5% 895 sq. ft.

The average size for a North Valley, NM apartment is 895 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.

North Valley, NM Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00047%
  • $1,001-$1,50038%
  • $1,501-$2,00011%
  • > $2,0001%

North Valley, NM Occupied Housing Units

  • Renter-occupied Households39%
  • Owner-occupied Households60%

1,954 or 39% of the households in North Valley, NM are renter-occupied while 3,015 or 60% are owner-occupied.

North Valley, NM Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
North Valley, NM $916 $916 $970 $977 $1,025 $1,049 $1,028 $1,043 $1,101
National $1,311 $1,342 $1,351 $1,356 $1,388 $1,395 $1,397 $1,389 $1,392
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Access comprehensive real estate data and information on Yardi Matrix

How North Valley Compares to Other Cities

Average Rent Y-o-Y Change
Albuquerque $982 7%
Santa Fe $1,291 4%
Las Cruces $860 5%
Rio Rancho $987 5%
Los Lunas $1,178 n/a
Los Ranchos de Albuquerque $1,046 6%
South Valley $681 1%
North Valley $1,101 5%

For more information about the North Valley 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!

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Valley apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.