Rentometer, Inc. | Data as of 10/23/2025
Farmington, NM’s rental market offers a balanced mix of apartments and single‑family homes that cater to a variety of lifestyle preferences. Tenants can choose from modern one‑ and two‑bedroom apartments in the vibrant Downtown and South Ranchos districts, or opt for spacious houses nestled in family‑friendly neighborhoods such as Brittany Ranch, Goshen, and the historic River Walk area. The city’s proximity to the San Juan River, Farmington Museum, and numerous outdoor recreation spots makes it an appealing destination for professionals, students, and retirees alike.
Rental pricing reflects the diversity of available units. One‑bedroom apartments typically fall in the $1,000 range, while larger three‑bedroom homes are commonly found around the $1,900 range. This range of options provides flexibility for renters seeking affordable comfort or more premium space without sacrificing access to local amenities. The market’s blend of newer developments and well‑maintained existing properties ensures that residents can find accommodations that match both budget and taste.
Beyond sheer affordability, Farmington’s rental market benefits from a strong sense of community and easy access to essential services. With reputable schools, shopping centers like the Mall of the Southwest, and a growing employment base in healthcare, energy, and education, the city continues to attract new renters each year. Whether you’re looking for a convenient apartment close to downtown nightlife or a quiet house near the river’s scenic trails, Farmington’s rental landscape offers a welcoming environment for all.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,027 | $931 | $750 - $1,400 | $750 - $1,400 |
| Apartment | 2 Bedroom | $1,466 | $1,600 | $1,200 - $1,600 | $1,200 - $1,600 |
| House | 1 Bedroom | $1,116 | $1,050 | $670 - $1,695 | $850 - $1,695 |
| House | 2 Bedroom | $1,250 | $1,250 | $850 - $1,995 | $900 - $1,500 |
| House | 3 Bedroom | $1,918 | $1,837 | $1,050 - $3,500 | $1,495 - $2,300 |
| House | 4+ Bedroom | $2,305 | $2,247 | $1,500 - $3,000 | $2,000 - $2,950 |
In the current period, the average rent in Farmington, NM was $1,080 for 1 Bedroom, $1,269 for 2 Bedroom, $1,857 for 3 Bedroom, and $2,306 for 4+ Bedroom.
Data provided by Rentometer, Inc.