What's the average rent in Portales, NM?
Rental Market Trends in Portales, NM
Choose another city
SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Portales, NM is $825 per month, which is 57% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$825
-6.3%-$55 decrease month-over-month
0.6%$5 increase year-over-year
AVAILABLE RENTALS
42
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $550 |
| 2 Bedrooms | $800 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,700 |
| All | $750 |
As of May 2026, the average rent for a 1 bedroom rental in Portales, NM is $550 per month, followed by $800 for a 2 bedroom rental, $1,500 for a 3 bedroom rental, and $1,700 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $550 |
| 2 Bedrooms | $925 |
| 3 Bedrooms | $900 |
| 4 Bedrooms | — |
| All | $550 |
As of May 2026, the average rent for a 1 bedroom apartment in Portales, NM is $550 per month, followed by $925 for a 2 bedroom apartment, and $900 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $600 |
| 2 Bedrooms | $750 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,700 |
| All | $1,100 |
As of May 2026, the average rent for a 1 bedroom house in Portales, NM is $600 per month, followed by $750 for a 2 bedroom house, $1,500 for a 3 bedroom house, and $1,700 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -12% compared to the previous year, which is a $100 decrease.
This year (2026)
Last year (2025)
Rent distribution
45% of rentals have rent of Below $800/month
Rental price range
The price range for rentals is $500 to $1,800.
