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

Coyote 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.

 

Coyote, NM of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in Coyote is about $676 per month. This puts it in the 40th percentile compared to the state average cost of rent, which is $961. Households in Coyote have a median income of $2,884 per month so the average renter in Coyote is spending roughly 23% of their earnings on housing.

Nationally, and in Coyote, home values are the data point most closely correlated with the cost of rent. The median price of a home in Coyote is $245,371 right now, which is higher than nearby cities, meaning that rents in Coyote also tend to be higher versus these nearby cities.

Higher rent prices are common in the northeastern parts of Coyote while lower rent rates are often available in central areas.

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