Last updated on June 17, 2026

Average rent in
Elephant Butte, NM

Median rent

Median rent in Elephant Butte

$2,500/mo

increased by22%

vs previous year

The average rent in Elephant Butte is $2,500 per month as of June 2026. This is 28% above the national average rent, or $550 more per month.

$1.00

average price per square foot

Total rentals

Available rentals in Elephant Butte

3

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Elephant Butte rentals at each price point

70%53%35%18%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Elephant Butte, NM, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Elephant Butte, NM

Average rent prices in Elephant Butte have increased by 10% over the last month and have increased by 22% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Elephant Butte, NM

Rent prices in Elephant Butte vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elephant Butte is $950, whereas a house costs $2,075. 1-bedroom apartments in Elephant Butte run $950 on average.

Listings

1 bedroom

$950

-

-

3 bedroom

$1,650

53%

-

4 bedroom

$2,500

3%

22%

1 bedroom

Average rent

$950

3 bedroom

Average rent

$1,650

Last 30 days

53%

4 bedroom

Average rent

$2,500

Last 30 days

3%

Last year

22%

The table above reflects average rent prices in Elephant Butte, NM, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Elephant Butte, NM compare to other cities?

Compare median rent prices in Elephant Butte and Alto by all bedroom counts and property types.

Elephant Butte

Median rent price$2,500
increased by28%

higher than the national median

Median rent price$2,000
increased by3%

higher than the national median

Takeaway

The median rent for all rentals in Elephant Butte, NM is 25% higher than the median rent in Alto, NM.

Average rent in nearby cities

Explore rent trends in neighboring markets

Alto

$2,000

decreased by26%
Last year
Bayard

$1,050

N/A
Last year
Douglas

$850

increased by17%
Last year
La Luz

$1,723

increased by9%
Last year
Moriarty

$1,500

increased by70%
Last year
Ponderosa Pine

$1,215

N/A
Last year

Discover rentals in Elephant Butte, NM

907 Skyline Dr - Photo 1 of 1

5d+ ago

House for rent in Elephant Butte

Beautiful 3 bedroom 2 bath house on 1/2 acre $1,650 month

907 Skyline Dr, Elephant Butte, NM 87935

3 beds

2 baths

$1,650

House for rent

Available Aug 10

Stay up to date with rental market insights

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Elephant Butte, NM

Quick answers to common questions about the Elephant Butte rental market.

How much is rent in Elephant Butte?

The average rent in Elephant Butte is $2,500 per month as of June 13, 2026.

Is rent up or down in Elephant Butte?

Average rent prices in Elephant Butte have increased by 10% over the last month and have increased by 22% since last year.

How does Elephant Butte rent compare to the national average?

Rent in Elephant Butte is 28% above the national average, which means renters are paying approximately $550 more per month.

What salary do I need to afford rent in Elephant Butte?

To comfortably afford rent in Elephant Butte, you'd need to earn approximately $100,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Elephant Butte
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