Average Rent in Eddy County, NM↓ Rents falling 5.2% YoY

Eddy County, NM has rental prices ranging from $750/month to $1,484/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $931/month — 33% below the national average of $1,400/month. With a median household income of $79,605/year, spending $931/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Eddy County Compares

With an average 2-bedroom rent of $1,031/month, Eddy County ranks #8 most expensive of the 30 cities tracked in New Mexico — pricier than 68% of all US cities in our data.

The Eddy County Rental Market

The Eddy County, NM area has a population of about 61,114 and 25% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Eddy County, NM have fallen by $56/month (5.2%) over the past year, from $1,087 to $1,031. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Eddy County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,240. The local median household income of $79,605 exceeds that threshold by $42,365, making Eddy County relatively accessible compared to local wages.

Economy & Jobs

Eddy County, NM has an unemployment rate of 4.2%, 0.3 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Eddy County, NM Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Eddy County?

Break-even analysis and mortgage estimates based on local market data.

Living in Eddy County

Cost of living, job market, crime rates, and moving cost estimates.