Average Rent in Grant County, NM↑ Rents rising 6.4% YoY🔻 Cheapest in NM

Grant County, NM has rental prices ranging from $748/month to $1,284/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $753/month — 46% below the national average of $1,400/month. With a median household income of $45,921/year, spending $753/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Grant County Compares

With an average 2-bedroom rent of $933/month, Grant County ranks #30 most expensive of the 30 cities tracked in New Mexico — more affordable than 60% of all US cities in our data.

The Grant County Rental Market

The Grant County, NM area has a population of about 27,856 and 27% 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 Grant County, NM have risen by $56/month (6.4%) over the past year, from $877 to $933. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Grant County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,120. The local median household income of $45,921 exceeds that threshold by $15,801, making Grant County relatively accessible compared to local wages.

Economy & Jobs

Grant County, NM has an unemployment rate of 5.8%, 1.9 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 Grant County, NM Affordable?

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

Rent or Buy in Grant County?

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

Living in Grant County

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