Every 3 to 6 months (depending on demand), Lewinger Hamilton performs an apartment market rental survey update. Last year we surveyed some 23,943 units. Due to a recent expansion of Todd’s apartment database, additional cities in New Mexico have been added to our market survey. The following represents the latest information from this survey: Area Avg. $ per SF Avg. Unit Size (sf) Average Rent per Month # Units Surveyed Total Units Albuquerque $.72 800 $553 33,260 57,415 NE $.75 826 $575 24,374 38,413 NW $.70 848 $562 3,912 5,958 SE $.74 689 $460 4,676 11,104 SW $.78 709 $518 298 1,940 Rio Rancho $.78 794 $469 460 790 Alamagordo $. 56 Angel Fire ** 24 24 Aztec $1.04 820 $483 71 71 Belen $.67 721 $415 253 298 Bloomfield $.68 200 $135 15 15 Carlsbad $.51 897 $417 277 780 Clovis $.53 772 $380 307 307 El Paso *** 19,971 Espanola $.65 700 $410 50 50 Farmington $.55 792 $448 1,391 1,391 Gallup $.52 782 $402 828 793 Grants $.84 651 $385 231 522 Los Alamos $.60 1,147 $819 56 228 Las Cruces $.58 803 $439 2,189 3,629 Los Lunas $.56 804 $333 244 248 Las Vegas $.53 950 $500 188 202 Peralta $. 15 Portales $. $260 76 76 Quemado $.67 240 $160 6 10 Raton $. 48 48 Roswell $. 141 Santa Fe $.81 790 $635 3,718 4,133 Silver City $. Socorro $. 306 Taos ** 10 Tijeras $. 7 State wideAvg. $.70 823 $530 63,216 Total Units 90,925