Rent in Eddy County, NM at a glance
2-bedroom rent (HUD)
$1,188$14,256 a year · HUD fiscal year 2026From October 1, 2026: $1,252 (+5.4%)How much rent can you afford in Eddy 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 Eddy 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 | $1,035 | $12,420 | $41,400 | $19.90/hr |
| 1 bedroom | $1,084 | $13,008 | $43,360 | $20.85/hr |
| 2 bedroomsMost searched | $1,188 | $14,256 | $47,520 | $22.85/hr |
| 3 bedrooms | $1,619 | $19,428 | $64,760 | $31.13/hr |
| 4 bedrooms | $1,625 | $19,500 | $65,000 | $31.25/hr |
Cost of living in Eddy County, NM: income, prices and a budget →
Living and working in Eddy County, NM
Rent in Eddy County, NM: common questions
How much is rent going up in Eddy County, NM in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,252 for a two-bedroom, up 5.4% from $1,188. A one-bedroom goes from $1,084 to $1,150, a studio from $1,035 to $1,053.
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 Eddy County, NM?
HUD's Fair Market Rent for 2026 is $1,084 for a one-bedroom and $1,188 for a two-bedroom, utilities included. That is $14,256 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 Eddy County, NM?
To keep a $1,188 two-bedroom at 30% of gross pay, one full-time worker needs $22.85 an hour, or $47,520 a year. A one-bedroom at $1,084 takes $20.85 an hour.
How much is a 1, 2 or 3-bedroom apartment in Eddy County, NM?
At HUD's 2026 Fair Market Rent: studio $1,035, one bedroom $1,084, two $1,188, three $1,619 and four $1,625 a month.
Is rent affordable in Eddy County, NM?
For the typical household, earning $78,426 a year ($6,536 a month, Census ACS), a two-bedroom at $1,188 takes 18.2% 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: ($1,188 × 12) ÷ 0.30 = $47,520. Divided by 2,080 working hours, that is $22.85 an hour.