Russell County, NM Fair Market Rent
2026 HUD Fair Market Rents for Russell County, NM. Population: 43,576. Median household income: $35,034/year.
Fair Market Rent by Bedroom Size
Studio$477/mo
1 Bedroom$599/mo
2 Bedroom$732/mo
3 Bedroom$875/mo
4 Bedroom$1,072/mo
Rent Affordability Analysis
Median Income
$35,034/yr
Affordable Rent (30% Rule)
$876/mo
Rent Burden
25.1%
Income Needed to Rent
| Unit Size | Monthly FMR | Annual Rent | Income Needed (30% Rule) |
|---|---|---|---|
| Studio | $477 | $5,724 | $19,080/yr |
| 1 Bedroom | $599 | $7,188 | $23,960/yr |
| 2 Bedroom | $732 | $8,784 | $29,280/yr |
| 3 Bedroom | $875 | $10,500 | $35,000/yr |
| 4 Bedroom | $1,072 | $12,864 | $42,880/yr |
Frequently Asked Questions
What is the fair market rent in Russell County, NM?
The 2026 HUD Fair Market Rent for a 2-bedroom in Russell County is $732/month. Studio: $477, 1BR: $599, 3BR: $875, 4BR: $1,072.
What is the rent burden in Russell County?
Rent burden in Russell County is 25.1% of median household income ($35,034/year). The HUD considers 30% or more cost-burdened.
How much income do you need to rent in Russell County?
To afford a 2-bedroom at $732/month using the 30% rule, you need an annual income of at least $29,280.
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