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Rental Market Trends in Ruidoso Downs, NM

What is the average rent in Ruidoso Downs, NM?

$595/month

Average Rent

636 Sq Ft

Average Apartment Size

-12.2%

Decrease in the Last Year

As of November 2025, the average rent in Ruidoso Downs, NM is $595 per month. This is 64% lower than the national average rent of $1,631/month, making renting in Ruidoso Downs more affordable than most cities in the US. When you rent an apartment in Ruidoso Downs, you can expect to pay about per month for a studio, $595 for a one-bedroom apartment, and around $714 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $824 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$595/month
636 Sq Ft
Two Bedroom
$714/month
784 Sq Ft
Three Bedroom
$824/month
955 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 Ruidoso Downs, NM?

In the past year, rent has decreased by 12.2%, which averages out to $72 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Ruidoso Downs, NM
Last Updated November 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Ruidoso Downs, NM
Percentage*
Rent Range
50% Below $700/month
50% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Ruidoso Downs, NM?

Because the average rent in Ruidoso Downs is $595, you’ll want to make about $1,983 per month or $23,796 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.

City

Ruidoso Downs, NM

1 Available Apartments for Rent

Search for Nearby Apartments

How does Ruidoso Downs, NM compare to other nearby cities and neighborhoods?

Use the tool below to compare Ruidoso Downs, 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.

Apartment Averages

Apartment communities in Ruidoso Downs we think you'll love

26303 US-70

26303 US-70

26303 US-70,
Ruidoso Downs, NM 88346

$2,000

3 Beds

Woodlands Cabins

Woodlands Cabins

141 Upper Terrace Dr,
Ruidoso, NM 88345

$1,050 - $1,395

1-2 Beds

311 Mechem Dr

311 Mechem Dr

311 Mechem Dr,
Ruidoso, NM 88345

$550 - $1,300

Studio - 3 Beds

604 White Mountain Dr

604 White Mountain Dr

604 White Mountain Dr,
Ruidoso, NM 88345

$1,650

2 Beds

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United States New Mexico Ruidoso Downs 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity