Rentometer, Inc. | Data as of 10/22/2025
Eddy County, New Mexico, offers a dynamic rental market that blends the convenience of small‑town living with easy access to natural wonders such as Carlsbad Caverns and the Mesilla Valley. Growing employment in the oil and gas sector, along with vibrant retail districts in Carlsbad, Artesia, and Hobbs, fuels steady demand for both apartments and single‑family homes. Renters enjoy a mix of quiet suburban neighborhoods, walkable downtown corridors, and scenic ranch‑style communities, all set against the high‑desert backdrop that defines the Southwest.
Apartment options in the county span from efficient one‑bedroom units typically priced in the $1,100‑$1,200 range to spacious three‑bedroom layouts that command around the $1,800‑$1,900 bracket. Larger family‑size apartments and houses see proportionally higher rates, with three‑bedroom houses often renting in the $2,500‑$2,700 range and premium four‑plus‑bedroom properties reaching the $3,300‑$3,500 level. These figures reflect a balanced market where median rents align closely with average rates, indicating consistent pricing across the county’s rental inventory.
Neighborhoods such as Carlsbad’s Green Valley and Artesia’s Westside offer modern amenities, nearby schools, and easy commutes to major employers, while more rural subdivisions provide larger lot sizes and a tranquil lifestyle. Proximity to outdoor recreation, golf courses, and cultural events enhances the appeal for families, young professionals, and retirees alike, making Eddy County a compelling choice for renters seeking both affordability and quality of life in New Mexico.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,170 | $1,162 | $987 - $1,335 | $1,100 - $1,295 |
| Apartment | 2 Bedroom | $1,509 | $1,500 | $1,099 - $2,240 | $1,350 - $1,645 |
| Apartment | 3 Bedroom | $1,810 | $1,800 | $1,400 - $2,300 | $1,500 - $1,965 |
| House | 1 Bedroom | $1,237 | $1,200 | $950 - $1,600 | $1,200 - $1,600 |
| House | 2 Bedroom | $1,673 | $1,500 | $700 - $2,950 | $1,400 - $2,000 |
| House | 3 Bedroom | $2,635 | $2,500 | $1,450 - $4,650 | $2,000 - $3,000 |
| House | 4+ Bedroom | $3,400 | $3,500 | $2,300 - $4,650 | $3,000 - $3,900 |
In the current period, the average rent in Eddy was
$1,187 for 1 Bedroom,
$1,594 for 2 Bedroom,
$2,491 for 3 Bedroom, and
$3,400 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.