The Most and Least Expensive Areas to Rent in Valencia County, NM

Valencia County 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.

 

Valencia County, 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 Valencia County is about $888 per month. This puts it in the 72nd percentile compared to the state average cost of rent, which is $961. Households in Valencia County have a median income of $4,905 per month so the average renter in Valencia County is spending roughly 18% of their earnings on housing.

Nationally, and in Valencia County, home values are the data point most closely correlated with the cost of rent. The median price of a home in Valencia County is $164,814 right now, which is higher than nearby counties, meaning that rents in Valencia County also tend to be higher versus these nearby counties.

Higher rent prices are common in the northwestern parts of Valencia County while lower rent rates are often available in southeastern areas.

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