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Rental Market Trends in Las Cruces, NM

What is the average rent in Las Cruces, NM?

$986/month

Average Rent

672 Sq Ft

Average Apartment Size

+1.9%

Increase in the Last Year

As of July 2025, the average rent in Las Cruces, NM is $986 per month. This is 40% lower than the national average rent of $1,637/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 $661 per month for a studio, $986 for a one-bedroom apartment, and around $1,146 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,270 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$661/month
384 Sq Ft
One Bedroom
$986/month
672 Sq Ft
Two Bedroom
$1,146/month
919 Sq Ft
Three Bedroom
$1,270/month
1,167 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,405/month
1,071 Sq Ft
Three Bedroom
$1,814/month
1,556 Sq Ft
Four Bedroom
$2,101/month
2,071 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 1.9%, which averages out to $19 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 July 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Las Cruces, NM
Last Updated July 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Las Cruces, NM
Percentage*
Rent Range
37% Below $700/month
40% $700 - $1,000/month
17% $1,001 - $1,500/month
4% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Las Cruces?

Based on current rent prices, Downtown Las Cruces is the most affordable neighborhood in Las Cruces.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Las Cruces
$807/month
544 Sq Ft

What are the most expensive neighborhoods in Las Cruces?

Based on current rent prices, Downtown Las Cruces is the most expensive neighborhood in Las Cruces.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Las Cruces
$807/month
544 Sq Ft

Which Las Cruces neighborhoods have the most rentals available?

The neighborhood in Las Cruces with the most apartments available is Downtown Las Cruces .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Las Cruces
$807/month
544 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Las Cruces, NM?

Because the average rent in Las Cruces is $986, you’ll want to make about $3,286 per month or $39,432 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 9.7% lower than the national average. Generally, housing in Las Cruces is 20.0% less expensive than the national average, with rent falling between $661 - $1,270. You can expect to pay 3.4% less for groceries, 21.2% less for utilities, and 4.9% less for transportation.

City

Las Cruces, NM

348 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Las Cruces, NM

Apartment Averages

Downtown Las Cruces

Las Cruces, NM

Downtown Las Cruces

Las Cruces, NM

Studio
-
-
One Bedroom
$581/month
$581/month
Two Bedroom
$902/month
$902/month
Three Bedroom
$870/month
$870/month
Search
Search

Apartment communities in Las Cruces we think you'll love

Casas De Soledad

Casas De Soledad

3901 Sonoma Springs Ave,
Las Cruces, NM 88011

1-3 Beds | $1,353 - $2,300

Willow Springs Apartments

Willow Springs Apartments

3402 Bixler Dr,
Las Cruces, NM 88012

1-2 Beds | $1,290 - $1,510

Park Place

Park Place

3245 E University Ave,
Las Cruces, NM 88011

1-3 Beds | $950 - $1,450

Woodcrest Apartments

Woodcrest Apartments

2241 Entrada Del Sol,
Las Cruces, NM 88001

1-2 Beds | $895 - $995

Property Management Companies in Las Cruces, NM

Monarch Properties, Inc.
Monarch Properties, Inc.
  • 25

    Communities

  • 2,902

    Units

  • 9

    Cities

2 Communities in Las Cruces
Engel Realty Company
Engel Realty Company
  • 19

    Communities

  • 2,433

    Units

  • 8

    Cities

2 Communities in Las Cruces
FPI Management
FPI Management
  • 612

    Communities

  • 103,639

    Units

  • 217

    Cities

1 Community in Las Cruces
Cardinal Group Management and Advisory, LLC
Cardinal Group Management and Advisory, LLC
  • 154

    Communities

  • 31,182

    Units

  • 84

    Cities

1 Community in Las Cruces
Bryten Real Estate Partners
Bryten Real Estate Partners
  • 121

    Communities

  • 28,635

    Units

  • 71

    Cities

1 Community in Las Cruces
Haley Communities
Haley Communities
  • 41

    Communities

  • 8,720

    Units

  • 34

    Cities

1 Community in Las Cruces
Campus Advantage
Campus Advantage
  • 37

    Communities

  • 8,372

    Units

  • 29

    Cities

1 Community in Las Cruces
Hamilton Point Investments
Hamilton Point Investments
  • 34

    Communities

  • 9,438

    Units

  • 28

    Cities

1 Community in Las Cruces

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United States New Mexico Las Cruces Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity