Rent in Alamogordo, NM
Across Alamogordo's 2 ZIP codes, a 2-bedroom typically rents for about $927 a month, with figures from $839–$1,014. The highest typical rent is in 88311 ($1,014) and the lowest in 88310 ($839). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Otero County pay about 0.55% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $617 | $528–$706 | 2 |
| 1 bed | $805 | $732–$877 | 2 |
| 2 beds | $927 | $839–$1,014 | 2 |
| 3 beds | $1,329 | $1,253–$1,404 | 2 |
| 4 beds | $1,706 | $1,695–$1,716 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Alamogordo ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Alamogordo, NM?
- About $927 a month: the median of the typical rents in 2 ZIP codes, which range from $839–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Alamogordo, NM?
- About $805 a month: the median of the typical rents in 2 ZIP codes, which range from $732–$877. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Alamogordo, NM?
- About $1,329 a month: the median of the typical rents in 2 ZIP codes, which range from $1,253–$1,404. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Alamogordo, NM?
- About $617 a month: the median of the typical rents in 2 ZIP codes, which range from $528–$706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Alamogordo, NM?
- About $1,706 a month: the median of the typical rents in 2 ZIP codes, which range from $1,695–$1,716. Figures are gross rent (rent plus tenant-paid utilities).
- Which Alamogordo ZIP code has the highest rent?
- For a 2-bedroom, 88311 has the highest typical rent at $1,014 a month, and 88310 the lowest at $839.
- What is the property tax rate in Alamogordo, NM?
- Owner-occupied homes in Otero County pay a typical 0.55% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Alamogordo rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).