San Miguel County
FY 2026 HUD Fair Market Rents in New Mexico. Population: 27,215.
Fair Market Rents (2026)
Studio
National avg: $893
$783/mo
↑ 4.0% YoY
-12% vs US
1 Bedroom
National avg: $959
$920/mo
↑ 9.1% YoY
-4% vs US
2 Bedroom
National avg: $1,175
$1,008/mo
↑ 8.0% YoY
-14% vs US
3 Bedroom
National avg: $1,525
$1,402/mo
↑ 7.3% YoY
-8% vs US
4 Bedroom
National avg: $1,756
$1,626/mo
↑ 5.0% YoY
-7% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $753 | $783 | +$30 (+4.0%) |
| 1 Bedroom | $843 | $920 | +$77 (+9.1%) |
| 2 Bedroom | $933 | $1,008 | +$75 (+8.0%) |
| 3 Bedroom | $1,307 | $1,402 | +$95 (+7.3%) |
| 4 Bedroom | $1,549 | $1,626 | +$77 (+5.0%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$36,800
$3,067/month gross
Required annual income for 2 BR
$40,320
$3,360/month gross
Other Counties in New Mexico
Quay County
1 BR: $742/mo
Lea County
1 BR: $1,068/mo
Luna County
1 BR: $783/mo
Sierra County
1 BR: $765/mo
Socorro County
1 BR: $888/mo
De Baca County
1 BR: $798/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.