Chaves County
FY 2026 HUD Fair Market Rents in New Mexico. Population: 64,701.
Fair Market Rents (2026)
Studio
National avg: $893
$738/mo
↑ 6.5% YoY
-17% vs US
1 Bedroom
National avg: $959
$887/mo
↑ 20.4% YoY
-8% vs US
2 Bedroom
National avg: $1,175
$1,071/mo
↑ 12.4% YoY
-9% vs US
3 Bedroom
National avg: $1,525
$1,421/mo
↑ 15.2% YoY
-7% vs US
4 Bedroom
National avg: $1,756
$1,562/mo
↑ 10.5% YoY
-11% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $693 | $738 | +$45 (+6.5%) |
| 1 Bedroom | $737 | $887 | +$150 (+20.4%) |
| 2 Bedroom | $953 | $1,071 | +$118 (+12.4%) |
| 3 Bedroom | $1,234 | $1,421 | +$187 (+15.2%) |
| 4 Bedroom | $1,413 | $1,562 | +$149 (+10.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$35,480
$2,957/month gross
Required annual income for 2 BR
$42,840
$3,570/month gross
Other Counties in New Mexico
Roosevelt County
1 BR: $772/mo
Santa Fe County
1 BR: $1,390/mo
San Miguel County
1 BR: $920/mo
Hidalgo County
1 BR: $798/mo
Catron County
1 BR: $853/mo
Dona Ana County
1 BR: $951/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.