Lea County
FY 2026 HUD Fair Market Rents in New Mexico. Population: 73,103.
Fair Market Rents (2026)
Studio
National avg: $893
$1,062/mo
↑ 31.8% YoY
+19% vs US
1 Bedroom
National avg: $959
$1,068/mo
↑ 23.9% YoY
+11% vs US
2 Bedroom
National avg: $1,175
$1,324/mo
↑ 17.1% YoY
+13% vs US
3 Bedroom
National avg: $1,525
$1,641/mo
↑ 17.5% YoY
+8% vs US
4 Bedroom
National avg: $1,756
$1,829/mo
↑ 14.4% YoY
+4% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $806 | $1,062 | +$256 (+31.8%) |
| 1 Bedroom | $862 | $1,068 | +$206 (+23.9%) |
| 2 Bedroom | $1,131 | $1,324 | +$193 (+17.1%) |
| 3 Bedroom | $1,397 | $1,641 | +$244 (+17.5%) |
| 4 Bedroom | $1,599 | $1,829 | +$230 (+14.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$42,720
$3,560/month gross
Required annual income for 2 BR
$52,960
$4,413/month gross
Other Counties in New Mexico
Hidalgo County
1 BR: $798/mo
Otero County
1 BR: $792/mo
Catron County
1 BR: $853/mo
Colfax County
1 BR: $888/mo
Bernalillo County
1 BR: $1,185/mo
McKinley County
1 BR: $894/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.