Peachtree Canyon Apartments
4936 Peachtree Hills Rd,
Las Cruces, NM 88012
$795 - $1,103
1-3 Beds
Rental Market Trends in Las Cruces, NM
What is the average rent in Las Cruces, NM?
$991/month
Average Rent
690 Sq Ft
Average Apartment Size
+0.1%
Increase in the Last Year
As of March 2026, the average rent in Las Cruces, NM is $991 per month. This is 39% lower than the national average rent of $1,627/month, making renting in Las Cruces more affordable than most cities in the US. When you rent an apartment in Las Cruces, you can expect to pay about $650 per month for a studio, $991 for a one-bedroom apartment, and around $1,143 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,311 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Las Cruces, NM?
In the past year, rent has increased by 0.1%, which averages out to $1 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Las Cruces, NM
Last Updated March 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
35%
Below $700/month
41%
$700 - $1,000/month
17%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
2%
Above $2,000/month
What salary do I need to live comfortably in Las Cruces, NM?
Because the average rent in Las Cruces is $991, you’ll want to make about $3,303 per month or $39,636 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Las Cruces, NM is 8.8% lower than the national average. Generally, housing in Las Cruces is 16.6% less expensive than the national average, with rent falling between $650 - $1,311. You can expect to pay 3.1% less for groceries, 18.4% less for utilities, and 7.9% less for transportation.
How does Las Cruces, NM compare to other nearby cities and neighborhoods?
Use the tool below to compare Las Cruces, NM to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Property Management Companies in Las Cruces, NM
New Earth Residential
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58
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11,641
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26
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5 Communities in Las Cruces
Engel Realty Company
-
19
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2,433
Units
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8
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2 Communities in Las Cruces
Cardinal Group Management and Advisory, LLC
-
157
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31,908
Units
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83
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1 Community in Las Cruces
Yugo
-
51
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10,995
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41
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1 Community in Las Cruces
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.