Elephant Butte, NM rental market
What is the average rent in Elephant Butte, NM?
Last updated June 26, 2026
Rental market summary
The average rent for all bedrooms and all property types in Elephant Butte, NM is $1,650.
Average rent
$1,650
Month-over-month change
$0
Year-over-year change
+$1,650
Available rentals
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,650 to $2,999.
| Rent price | Number of rental properties |
|---|---|
| $1,600 | 1 |
| $2,900+ | 1 |
Average rent price over time
In the last year, rent has increased by $1,650 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,800 | $1,600 |
| Feb | $900 | $1,600 |
| Jun | $1,600 | $1,600 |
| Aug | $1,800 | $1,600 |
| Sep | $1,100 | $1,650 |
| Nov | $1,200 | $1,650 |
| Dec | $1,975 | No data |
Market temperature
The Elephant Butte, NM rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Elephant Butte, NM is 18% lower than the national average.
$1,650
$2,013
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Frequently asked questions
1. What is the average rent in Elephant Butte, NM?
2. What is the average rent for a two-bedroom apartment in Elephant Butte, NM?
3. What is the average rent for a three-bedroom apartment in Elephant Butte, NM?
4. How much does it cost to rent a house in Elephant Butte, NM?
5. How has the rent in Elephant Butte, NM changed in the last year?
6. How much has the rent in Elephant Butte, NM increased/decreased in the last month?
7. How many available rentals are there in Elephant Butte, NM?
8. How do rent prices in Elephant Butte, NM compare with the national average?
Nearby areas
Zip codes in Elephant Butte, NM
