Peachtree Canyon Apartments
4936 Peachtree Hills Rd,
Las Cruces, NM 88012
1 Bed | $795
Rental Market Trends in Las Cruces, NM
Updated July 2026
The average rent in Las Cruces, NM is $992/month.
Rent in Las Cruces is 40% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$992/month
Average Rent
688 Sq Ft
Average Size
+1.9%
Change / Year
374
Available Apartments
Las Cruces rent varies by unit size and layout:
- Studio apartments in Las Cruces average $667 per month.
- One-bedroom apartments in Las Cruces average $992 per month.
- Two-bedroom apartments in Las Cruces average $1,174 per month.
- Three-bedroom apartments in Las Cruces average $1,335 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
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 $20 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Las Cruces, NM
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
35%
Below $700/month
39%
$700 - $1,000/month
21%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
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.
Neighborhood
Average Rent
Average 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.
Neighborhood
Average Rent
Average 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 .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Las Cruces, NM?
Because the average rent in Las Cruces is $992, you’ll want to make about $3,306 per month or $39,672 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 9.5% lower than the national average. Generally, housing in Las Cruces is 16.6% less expensive than the national average, with rent falling between $667 - $1,335. You can expect to pay 4.1% less for groceries, 20.2% less for utilities, and 8.5% 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.
View the Las Cruces Area GuideStudio
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One Bedroom
$611/month
$611/month
Two Bedroom
$932/month
$932/month
Three Bedroom
$1,030/month
$1,030/month
Apartment Communities in Las Cruces We Think You'll Love
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Frequently Asked Questions
What is the average rent in Las Cruces?
The average rent in Las Cruces is $992 per month, which is 40.3% lower than the national average of $1,663.
What is the average rent for a house in Las Cruces?
The average rent for a house in Las Cruces, NM is $1,774 per month.
Are rents going up or down in Las Cruces?
Rents in Las Cruces, NM are increasing, with prices up 1.9% year-over-year and $20 more per month.
What rent range is most common in Las Cruces?
In Las Cruces, NM, 39% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.