The Most and Least Expensive Areas to Rent in 87529, NM

87529 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.

 

87529, NM of rent costs by neighborhood
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On average, the cost of rent in 87529 is about $1,118 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $961. Households in 87529 have a median income of $7,747 per month so the average renter in 87529 is spending roughly 14% of their earnings on housing.

Nationally, and in 87529, home values are the data point most closely correlated with the cost of rent. The median price of a home in 87529 is $381,862 right now, which is higher than nearby zip codes, meaning that rents in 87529 also tend to be higher versus these nearby zip codes.

Higher rent prices are common in the northern parts of 87529 while lower rent rates are often available in southeastern areas.

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