New Mexico Fair Market Rent (FY2026)
West region · 30 HUD FMR areas
In FY2026, New Mexico has 30 HUD Fair Market Rent areas with a median 2-bedroom FMR of $1,006/month. Across the state, the 2-bedroom FMR ranges from $973 (Colfax County, NM) to $1,740 (Los Alamos County, NM). That median is $31 above the national median FMR of $975, ranking New Mexico #28 of 51 states (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
New Mexico median FMR by bedroom size
| Unit size | Median FMR (per month) |
|---|---|
| Studio / efficiency | $741 |
| 1-bedroom | $853 |
| 2-bedroom | $1,006 |
| 3-bedroom | $1,355 |
| 4-bedroom | $1,596 |
These are medians across the state's areas; an individual metro can be much higher or lower. The population-weighted average 2-bedroom FMR (weighting each area by its population) is $1,294.
Every FMR area in New Mexico
| FMR area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Albuquerque, NM | $1,009 | $1,185 | $1,464 | $2,036 | $2,399 |
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Detailed pages: Albuquerque, NM.
Frequently asked questions
What is the Fair Market Rent in New Mexico for FY2026?
New Mexico has 30 HUD Fair Market Rent areas. The median 2-bedroom FMR across them is $1,006 per month, ranging from $973 (Colfax County, NM) to $1,740 (Los Alamos County, NM). HUD sets FMRs by metro/county, not statewide, so use the area closest to where you live. Verify at huduser.gov.
Which New Mexico area has the highest and lowest FMR?
In FY2026 the highest 2-bedroom FMR in New Mexico is $1,740 in Los Alamos County, NM, and the lowest is $973 in Colfax County, NM. Rents are highest in the largest metros and lowest in rural counties.
Is New Mexico expensive for renters compared with other states?
New Mexico's median 2-bedroom FMR of $1,006 is $31 above the national median FMR of $975 (+3%). It ranks #28 of 51 states and DC by median 2-bedroom FMR (1 = most expensive).
How does FMR relate to Section 8 vouchers in New Mexico?
Public housing agencies in New Mexico set Housing Choice Voucher payment standards at roughly 90–110% of the local FMR. Your subsidy covers the gap between that standard and about 30% of your adjusted income. Contact the PHA for your county for exact figures.
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Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). State medians and ranges are computed over HUD's area-level FMRs (see methodology). FMR is the federal voucher rent standard, not the market median; verify on huduser.gov.
Last updated: 2026-06-20