Live Market Data · RentCast
New Mexico Rental Market
Current rents by bedroom · top metro breakdowns · YoY trend
Mar 29, 2026
1 Bedroom
$1,264
2 Bedrooms
$1,520
3 Bedrooms
$2,250
YoY Trend
+0.9%
Days on Market
23d
Albuquerque E
87108
1BR$925
2BR$1,075
3BR$1,750
YoY
+2.6%
DOM
27.98d
Listings
482
Santa Fe
87505
1BR$1,602
2BR$1,964
3BR$2,750
YoY
-0.9%
DOM
18.84d
Listings
222
New Mexico Eviction Process
Complete timeline for removing a non-paying or violating tenant in New Mexico
ESTIMATED TOTAL TIMELINE
Average total: 55 days from notice to possession. US average is ~50 days.
Security Deposit Rules
New Mexico security deposit laws, limits, and return requirements
💰
Maximum Deposit
1 month (under $500/mo)
Per current statutes
📅
Return Deadline
14–45 days
After tenant vacates
📋
Itemization Required
Yes
Written itemization of deductions
📈
Interest Required
No
Required in some high-reg states
Rights & Responsibilities
What both parties are entitled to under New Mexico law
✅ Landlord Rights
→Can charge 10% late fee
→No statewide rent control
⚖️ Tenant Rights
→Repair & deduct
→Habitability
→Retaliation defense
Required Disclosures
Items you must disclose to tenants in New Mexico before or at lease signing
📄 Lead paint
📄 Furnishings list
Rent Control Status
New Mexico rent increase and rent control laws
✅
No Rent Control in New Mexico
New Mexico has no statewide rent control law. You can raise rents by any amount with proper notice (typically 30 days for month-to-month, or at lease end for fixed terms). Late fees are subject to a cap: 10%.
New Mexico Landlord FAQs
Common questions answered — also powers Google rich results
How long does eviction take in New Mexico?+
The average eviction timeline in New Mexico is 55 days from notice to possession. The pay-or-quit notice period is 3 days. Filing fee is $50–$100.
What is the security deposit limit in New Mexico?+
In New Mexico, the security deposit maximum is 1 month (under $500/mo). Landlords must return the deposit with an itemized statement of deductions.
Does New Mexico have rent control?+
No. New Mexico has no statewide rent control. You can raise rents by any amount with proper notice — typically 30 days for month-to-month tenancies.
How much entry notice is required in New Mexico?+
Landlords in New Mexico must provide at least 24 hours written notice before entering a rental unit.
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