Rent in Chaves County, NM at a glance
2-bedroom rent (HUD)
$1,071$12,852 a year · HUD fiscal year 2026From October 1, 2026: $1,091 (+1.9%)How much rent can you afford in Chaves County, NM?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Chaves County, NM by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $738 | $8,856 | $29,520 | $14.19/hr |
| 1 bedroom | $887 | $10,644 | $35,480 | $17.06/hr |
| 2 bedroomsMost searched | $1,071 | $12,852 | $42,840 | $20.60/hr |
| 3 bedrooms | $1,421 | $17,052 | $56,840 | $27.33/hr |
| 4 bedrooms | $1,562 | $18,744 | $62,480 | $30.04/hr |
Cost of living in Chaves County, NM: income, prices and a budget →
Living and working in Chaves County, NM
Rent in Chaves County, NM: common questions
How much is rent going up in Chaves County, NM in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,091 for a two-bedroom, up 1.9% from $1,071. A one-bedroom goes from $887 to $892, a studio from $738 to $868.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Chaves County, NM?
HUD's Fair Market Rent for 2026 is $887 for a one-bedroom and $1,071 for a two-bedroom, utilities included. That is $12,852 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Chaves County, NM?
To keep a $1,071 two-bedroom at 30% of gross pay, one full-time worker needs $20.60 an hour, or $42,840 a year. A one-bedroom at $887 takes $17.06 an hour.
How much is a 1, 2 or 3-bedroom apartment in Chaves County, NM?
At HUD's 2026 Fair Market Rent: studio $738, one bedroom $887, two $1,071, three $1,421 and four $1,562 a month.
Is rent affordable in Chaves County, NM?
For the typical household, earning $52,938 a year ($4,412 a month, Census ACS), a two-bedroom at $1,071 takes 24.3% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,071 × 12) ÷ 0.30 = $42,840. Divided by 2,080 working hours, that is $20.60 an hour.