Rent in Farmington, NM at a glance
2-bedroom rent (HUD)
$1,085$13,020 a year · HUD fiscal year 2026From October 1, 2026: $1,116 (+2.9%)How much rent can you afford in Farmington, NM?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Farmington, 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 | $882 | $10,584 | $35,280 | $16.96/hr |
| 1 bedroom | $885 | $10,620 | $35,400 | $17.02/hr |
| 2 bedroomsMost searched | $1,085 | $13,020 | $43,400 | $20.87/hr |
| 3 bedrooms | $1,509 | $18,108 | $60,360 | $29.02/hr |
| 4 bedrooms | $1,630 | $19,560 | $65,200 | $31.35/hr |
Cost of living in Farmington, NM: income, prices and a budget →
Living and working in Farmington, NM
Rent in Farmington, NM: common questions
How much is rent going up in Farmington, NM in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,116 for a two-bedroom, up 2.9% from $1,085. A one-bedroom goes from $885 to $855, a studio from $882 to $850.
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 Farmington, NM?
HUD's Fair Market Rent for 2026 is $885 for a one-bedroom and $1,085 for a two-bedroom, utilities included. That is $13,020 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 Farmington, NM?
To keep a $1,085 two-bedroom at 30% of gross pay, one full-time worker needs $20.87 an hour, or $43,400 a year. A one-bedroom at $885 takes $17.02 an hour.
How much is a 1, 2 or 3-bedroom apartment in Farmington, NM?
At HUD's 2026 Fair Market Rent: studio $882, one bedroom $885, two $1,085, three $1,509 and four $1,630 a month.
Is rent affordable in Farmington, NM?
For the typical household, earning $68,784 a year ($5,732 a month, Census ACS), a two-bedroom at $1,085 takes 18.9% 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: ($1,085 × 12) ÷ 0.30 = $43,400. Divided by 2,080 working hours, that is $20.87 an hour.