Property prices for rent in Las Cruces (New Mexico)

The rent prices in real estate in Las Cruces, in the New Mexico region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$948.67
Average price last 6 months
$1.22
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Las Cruces has risen strongly during the last 6 months. In December, the average price per sq.feet was $0.82. In January this price barely changed remaining at $0.8 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $0.81 to $0.88 per sq.feet. The price per sq.feet has had a considerable rise of 234 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $0.85 to $1.98 during April, and May.

Average price

When referring to the price in Las Cruces (cities), there have hardly been any changes in the last 6 months. In our first sample month during December, the average price is $926. In January This price remains at $933. In the following two months the average price has hardly changed with regard to the previous two months from $929.5 to $968. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $948.75 and $948.5 between April and May.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $976 they are 14 % more affordable than the average price for Las Cruces . The properties with the highest average price have 4 bedrooms, Their price is 42 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,097.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.72 / sq.feet, with an average $2.32 / sq.feet price in Las Cruces. The properties with the most expensive average prices have 3 bedrooms. They are 30 % more expensive than the average followed by properties with 1 bedroom with a price at $2.6 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $976 it is 19 % more affordable than the average price in Las Cruces. "Condo" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Apartment". At a price of $968 it is 10 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "House" at an average price of $0.82 / sq.feet followed by "Apartment" priced at $2.82 / sq.feet. "Condo" is the most expensive type of property with a $8.71 / sq.feet value followed by "Apartment" with an average price of $2.82 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Las Cruces
Number of properties used in region New Mexico
$976
$2.32
2,472
30,616
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value