Average Rent in Union County, NM↑ Rents rising 6.4% YoY🔻 Cheapest in NM

Union County, NM has rental prices ranging from $678/month to $1,549/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $768/month — 45% below the national average of $1,400/month. With a median household income of $45,319/year, spending $768/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Union County Compares

With an average 2-bedroom rent of $933/month, Union County ranks #30 most expensive of the 30 cities tracked in New Mexico — more affordable than 60% of all US cities in our data.

The Union County Rental Market

The Union County, NM area has a population of about 4,039 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Union County, NM have risen by $56/month (6.4%) over the past year, from $877 to $933. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Union County, NM without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $30,720. The local median household income of $45,319 exceeds that threshold by $14,599, making Union County relatively accessible compared to local wages.

Economy & Jobs

Union County, NM has an unemployment rate of 4.1%, 0.2 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.

Is Union County, NM Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Union County?

Break-even analysis and mortgage estimates based on local market data.

Living in Union County

Cost of living, job market, crime rates, and moving cost estimates.