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Rental Market Trends in Las Cruces, NM

Updated August 2026

The average rent in Las Cruces, NM is $996/month.

Rent in Las Cruces is 40% lower than the national average rent of $1,664/month, making this one of the less expensive cities statewide.

$996/month

Average Rent

689 Sq Ft

Average Size

+2.3%

Change / Year

404

Available Apartments

Las Cruces rent varies by unit size and layout:

  • Studio apartments in Las Cruces average $669 per month.
  • One-bedroom apartments in Las Cruces average $996 per month.
  • Two-bedroom apartments in Las Cruces average $1,182 per month.
  • Three-bedroom apartments in Las Cruces average $1,332 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$669/month
378 Sq Ft
One Bedroom
$996/month
689 Sq Ft
Two Bedroom
$1,182/month
926 Sq Ft
Three Bedroom
$1,332/month
1,190 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,211/month
977 Sq Ft
Three Bedroom
$1,788/month
1,657 Sq Ft
Four Bedroom
$2,110/month
1,772 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$1,550/month
851 Sq Ft
View Las Cruces Apartments

How much has average rent changed in Las Cruces, NM?

In the past year, rent has increased by 2.3%, which averages out to $24 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Las Cruces, NM

August 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Las Cruces, NM
Percentage*
Rent Range
34% Below $700/month
40% $700 - $1,000/month
20% $1,001 - $1,500/month
5% $1,501 - $2,000/month
2% Above $2,000/month

Rent by Neighborhood

  • 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
$833/month
581 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
$833/month
581 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
$833/month
581 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 $996, you’ll want to make about $3,320 per month or $39,840 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 $669 - $1,332. You can expect to pay 4.1% less for groceries, 20.2% less for utilities, and 8.5% less for transportation.

City

Las Cruces, NM

404 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.

View the Las Cruces Area Guide

Apartment Averages

Downtown Las Cruces

Las Cruces, NM

Downtown Las Cruces

Las Cruces, NM

Studio
-
-
One Bedroom
$612/month
$612/month
Two Bedroom
$929/month
$929/month
Three Bedroom
$1,030/month
$1,030/month
View Rentals
View Rentals

Apartment Communities in Las Cruces We Think You'll Love

Eagle Ranch Estates

Eagle Ranch Estates

1775 N Roadrunner Pky,
Las Cruces, NM 88011

1-2 Beds | $1,190 - $1,750

Peachtree Canyon Apartments

Peachtree Canyon Apartments

4936 Peachtree Hills Rd,
Las Cruces, NM 88012

1 Bed | $839

Sonoma Pointe Apartments

Sonoma Pointe Apartments

4200 Northrise Dr,
Las Cruces, NM 88011

1-2 Beds | $1,350 - $1,999

McGuffey Vistas

McGuffey Vistas

5600 McGuffey St,
Las Cruces, NM 88012

2-3 Beds | $1,800 - $2,200

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Frequently Asked Questions

What is the average rent in Las Cruces?

The average rent in Las Cruces is $996 per month, which is 40.1% lower than the national average of $1,664.

What is the average rent for a house in Las Cruces?

The average rent for a house in Las Cruces, NM is $1,788 per month.

Are rents going up or down in Las Cruces?

Rents in Las Cruces, NM are increasing, with prices up 2.3% year-over-year and $24 more per month.

What rent range is most common in Las Cruces?

In Las Cruces, NM, 40% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.

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 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.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity