Rent in Farmington, NM
Across Farmington's 3 ZIP codes, a 2-bedroom typically rents for about $1,040 a month, with figures from $961–$1,116. The highest typical rent is in 87499 ($1,116) and the lowest in 87401 ($961). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in San Juan County pay about 0.68% 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 | $853 | $850–$904 | 3 |
| 1 bed | $855 | $597–$855 | 3 |
| 2 beds | $1,040 | $961–$1,116 | 3 |
| 3 beds | $1,305 | $1,113–$1,545 | 3 |
| 4 beds | $1,673 | $1,375–$1,673 | 3 |
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).
Farmington ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Farmington, NM?
- About $1,040 a month: the median of the typical rents in 3 ZIP codes, which range from $961–$1,116. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Farmington, NM?
- About $855 a month: the median of the typical rents in 3 ZIP codes, which range from $597–$855. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Farmington, NM?
- About $1,305 a month: the median of the typical rents in 3 ZIP codes, which range from $1,113–$1,545. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Farmington, NM?
- About $853 a month: the median of the typical rents in 3 ZIP codes, which range from $850–$904. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Farmington, NM?
- About $1,673 a month: the median of the typical rents in 3 ZIP codes, which range from $1,375–$1,673. Figures are gross rent (rent plus tenant-paid utilities).
- Which Farmington ZIP code has the highest rent?
- For a 2-bedroom, 87499 has the highest typical rent at $1,116 a month, and 87401 the lowest at $961.
- What is the property tax rate in Farmington, NM?
- Owner-occupied homes in San Juan County pay a typical 0.68% 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 Farmington rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).