Average Rent in Portales, NM
Apartments & Houses by Size
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Portales, a vibrant city in southeastern New Mexico, offers a diverse rental landscape that appeals to students, families, and professionals alike. Home to the University of Eastern New Mexico, the downtown area features historic brick streets, charming local eateries, and easy access to cultural events, making it a popular choice for those seeking a blend of small‑town friendliness and collegiate energy. Surrounding neighborhoods such as College Hill and the West End provide a mix of quiet streets and convenient proximity to parks, shopping centers, and the iconic Portales Field House.
The rental market in Portales reflects this variety, with both apartments and single‑family homes available across a range of bedroom configurations. One‑bedroom apartments typically sit around the $600 median, while two‑bedroom units see median rents near $800. For those preferring houses, median rents start at roughly $550 for a one‑bedroom home, climb to $900 for two bedrooms, and reach $1,125 for three‑bedroom properties, with larger four‑plus‑bedroom homes commanding about $1,550. These price points illustrate a competitive market that accommodates a spectrum of budgets, from modest starter apartments to spacious family homes.
Beyond affordability, Portales boasts ample outdoor recreation, including the nearby Mesalands Ranch and the historic Route 66 corridor, which add to the city’s appeal for renters seeking an active lifestyle. With its friendly community atmosphere, convenient amenities, and a balanced mix of housing options, Portales remains a compelling destination for anyone looking to settle in a thriving New Mexico city.
Portales Rent by Property Type & Bedroom Count
Averages, medians, and ranges across recent rental listings
| Property Type | Bedrooms | Average | Median | Min – Max | 25th – 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $576 | $550 | $495 – $700 | $535 – $600 |
| Apartment | 2 Bedroom | $846 | $775 | $585 – $1,250 | $750 – $1,250 |
| Apartment | 3 Bedroom | $1,283 | $1,350 | $1,100 – $1,400 | $1,100 – $1,400 |
| House | 1 Bedroom | $605 | $572 | $495 – $850 | $550 – $700 |
| House | 2 Bedroom | $933 | $900 | $650 – $2,000 | $800 – $995 |
| House | 3 Bedroom | $1,182 | $1,125 | $675 – $1,800 | $1,000 – $1,395 |
| House | 4+ Bedroom | $1,247 | $1,207 | $1,050 – $1,550 | $1,145 – $1,345 |
Current rent in Portales (all property types): 1 Bedroom $594, 2 Bedroom $919, 3 Bedroom $1,190, 4+ Bedroom $1,248.
Map of City of Portales
Outlined area shows the city boundary. Shaded regions show where rentals cluster.
About this data
Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.
If you cite, share, or republish data from this report, please credit Rentometer.