What's the average rent in Portales, NM?

Rental Market Trends in Portales, NM

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Portales, NM is $900 per month, which is 54% lower than the national average rent of $1,962 per month.

AVERAGE RENT

$900

5.9%$50 increase month-over-month

0.6%$5 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$775

HOUSES

$750

TOWNHOUSES

$1,300

As of August 2026, houses are the most affordable rental option in Portales, NM at $750 per month, while townhomes are the most expensive at $1,300 per month. Apartments average $775 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$900
3 Bedrooms	$1,200
4 Bedrooms	$1,295
All	$900

As of August 2026, the average rent for a 1 bedroom rental in Portales, NM is $550 per month, followed by $900 for a 2 bedroom rental, $1,200 for a 3 bedroom rental, and $1,295 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,300
3 Bedrooms	—
4 Bedrooms	—
All	$1,300

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$875
3 Bedrooms	$1,200
4 Bedrooms	—
All	$875

As of August 2026, the average rent for a 1 bedroom apartment in Portales, NM is $550 per month, followed by $875 for a 2 bedroom apartment, and $1,200 for a 3 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$550
2 Bedrooms	$750
3 Bedrooms	$1,200
4 Bedrooms	$1,295
All	$750

As of August 2026, the average rent for a 1 bedroom house in Portales, NM is $550 per month, followed by $750 for a 2 bedroom house, $1,200 for a 3 bedroom house, and $1,295 for a 4 bedroom house.