Las Cruces, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Las Cruces, New Mexico rental market.
Las Cruces, New Mexico
Average Apartment Rent
$1,249
Y-o-Y Change in Average
Apartment Rent
2.6%
As of March 2026
Compared to a year ago, Las Cruces, New Mexico apartments have recorded a 2.6% rent increase.
Las Cruces, New Mexico Average apartment rent trend
Las Cruces, New Mexico Average Apartment Rent
Las Cruces, New Mexico Apartment rent ranges
At 47.79%, apartments priced $1,000 - $1,500 represent the bulk of Las Cruces, New Mexico rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.12%.
Las Cruces, New Mexico Housing tenure**
Renters take up 46% of Las Cruces, New Mexico real estate, occupying a total of 20,906 units, while homeowners live in 24,391 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$27,309
Average household size of renter-occupied housing units**
2.2
Rental vacancy rate**
4.4%
Las Cruces, New Mexico Renter-occupied housing units by no. of bedrooms**
There are 7,679 rentals in Las Cruces, New Mexico with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 283 units. Overall, the median number of rooms in Las Cruces, New Mexico homes for rent is 4.2.
Las Cruces, New Mexico Renter-occupied units by age of householder**
Most condos for rent in Las Cruces, New Mexico are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 15 - 24 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Las Cruces, New Mexico Renter-occupied housing units by family type**
Las Cruces, New Mexico Renter-occupied housing units by the presence of own children**
A total of 8,985 apartments for rent in Las Cruces, New Mexico, or 43% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 5,535 units. All in all, the median size of a renter-occupied household in Las Cruces, New Mexico is 2.2.
Las Cruces, New Mexico Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Las Cruces, New Mexico.
Las Cruces, New Mexico Renter-occupied units by year structure built**
The highest share of Las Cruces, New Mexico apartment rentals, namely 21% or 4,302 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 4,044 units), and the ones Built 2000 - 2009 (16%, 3,263 units).
Las Cruces, New Mexico Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Las Cruces, New Mexico renters (43%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Las Cruces, New Mexico condos for rent is 2018.
Las Cruces, New Mexico Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Las Cruces, New Mexico renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 12% have No vehicle available.
Las Cruces, New Mexico Means of transportation to work of householders living in renter-occupied housing units**
Las Cruces, New Mexico Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Las Cruces, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
