Rent in Grant County, NM at a glance
2-bedroom rent (HUD)
$1,048$12,576 a year · HUD fiscal year 2026From October 1, 2026: $1,070 (+2.1%)How much rent can you afford in Grant 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 Grant 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 | $795 | $9,540 | $31,800 | $15.29/hr |
| 1 bedroom | $801 | $9,612 | $32,040 | $15.40/hr |
| 2 bedroomsMost searched | $1,048 | $12,576 | $41,920 | $20.15/hr |
| 3 bedrooms | $1,304 | $15,648 | $52,160 | $25.08/hr |
| 4 bedrooms | $1,388 | $16,656 | $55,520 | $26.69/hr |
Cost of living in Grant County, NM: income, prices and a budget →
Living and working in Grant County, NM
Rent in Grant County, NM: common questions
How much is rent going up in Grant County, NM in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,070 for a two-bedroom, up 2.1% from $1,048. A one-bedroom goes from $801 to $825, a studio from $795 to $820.
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 Grant County, NM?
HUD's Fair Market Rent for 2026 is $801 for a one-bedroom and $1,048 for a two-bedroom, utilities included. That is $12,576 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 Grant County, NM?
To keep a $1,048 two-bedroom at 30% of gross pay, one full-time worker needs $20.15 an hour, or $41,920 a year. A one-bedroom at $801 takes $15.40 an hour.
How much is a 1, 2 or 3-bedroom apartment in Grant County, NM?
At HUD's 2026 Fair Market Rent: studio $795, one bedroom $801, two $1,048, three $1,304 and four $1,388 a month.
Is rent affordable in Grant County, NM?
For the typical household, earning $44,958 a year ($3,747 a month, Census ACS), a two-bedroom at $1,048 takes 28% 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: ($1,048 × 12) ÷ 0.30 = $41,920. Divided by 2,080 working hours, that is $20.15 an hour.