Apartments for rent in New Mexico are less expensive than the national average. The price of a studio averages $526 per month, which is $499 below the national average. The price of a one-bedroom averages $616 per month, which is $225 below the national average. Larger New Mexico apartment rentals follow the same trends. The price of a two-bedroom averages $713 per month, which is $343 below the national average. The price of a three-bedroom averages $899 per month, which is $346 below the national average.

If you're searching for an New Mexico apartment rental you should know that the trends vary depending on which city or county you're looking at. The most expensive New Mexico apartments for rent are in Santa Fe.

Economy:
New Mexico accounts for 3.4 percent of domestic oil production and 8.5 percent of domestic gas production. The state's largest employer is the government, with 20 percent of employment coming from health, education and social services. Next on the list are the retail and tourism industries. New Mexico clears about $6.5 billion dollars in tourist revenue each year. Agriculturally, the state's biggest products are livestock, hey and sorghum grains.

Noteworthy:
New Mexico has more artists per capita than any other state in the country.