New Mexico vs Colorado: Rent Comparison 2026
Side-by-side comparison of fair market rents, income, and tenant protections between New Mexico and Colorado.
New Mexico is 28% cheaper for a 2-bedroom rental than Colorado, saving renters approximately $389/mo ($4,668/year).
| Metric | New Mexico | Colorado |
|---|---|---|
| Average 1BR Rent | $791/mo | $1,093/mo |
| Average 2BR Rent | $983/mo | $1,372/mo |
| Median Income | $58,909 | $75,023 |
| Renter % | 35.5% | 34.4% |
| Tenant Rights | 5/10 | 6/10 |
Rent Burden Comparison
New Mexico
2BR Rent: $983/mo of $58,909/yr income
20.0% of income
Colorado
2BR Rent: $1,372/mo of $75,023/yr income
21.9% of income
Frequently Asked Questions
Is New Mexico or Colorado cheaper to rent in?
New Mexico has lower average rents. A 2-bedroom averages $983/mo, which is $389 less per month than Colorado (28% cheaper).
Which state has better tenant protections, New Mexico or Colorado?
Colorado has stronger tenant rights with a score of 6/10 compared to 5/10.
What is the income difference between New Mexico and Colorado?
New Mexico median income: $58,909. Colorado median income: $75,023. Difference: $16,114/year.