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

Sofia 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.

 

Sofia, 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 Sofia is about $1,063 per month. This puts it in the 90th percentile compared to the state average cost of rent, which is $961. Households in Sofia have a median income of $4,697 per month so the average renter in Sofia is spending roughly 23% of their earnings on housing.

Nationally, and in Sofia, home values are the data point most closely correlated with the cost of rent. The median price of a home in Sofia is $145,800 right now, which is higher than nearby cities, meaning that rents in Sofia also tend to be higher versus these nearby cities.

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

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