Average Rent in Portales, NM and Rent Price Trends

Rent trends in Portales, NM

Average rent prices in Portales have decreased by 14% over the last month and have decreased by 16% 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
Portales, NM

Rent prices in Portales vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Portales is $700, whereas a house costs $1,200. 1-bedroom apartments in Portales run $650 on average, while 2-bedroom apartments are $750.


Studio	$400	1%	No Change
1 bedroom	$562	10%	5%
2 bedroom	$950	7%	12%
3 bedroom	$1,350	1%	13%
4 bedroom	$1,547	10%	17%


Apartments	$700	12%	No Change
Condos	$950	1%	-
Houses	$1,200	2%	No Change

Studio

Average rent

$400

Last 30 days

1 bedroom

Average rent

$562

Last 30 days

10%

Last year

2 bedroom

Average rent

$950

Last 30 days

Last year

12%

3 bedroom

Average rent

$1,350

Last 30 days

Last year

13%

4 bedroom

Average rent

$1,547

Last 30 days

10%

Last year

17%

The table above reflects average rent prices in Portales, 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 Portales, NM compare to other cities?

Compare median rent prices in Portales and Amarillo by all bedroom counts and property types.

Portales

Median rent price$700

64%

lower than the national median

Median rent price$1,254

35%

lower than the national median

Takeaway

The median rent for all rentals in Portales, NM is 44% lower than the median rent in Amarillo, TX.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,254

$1,575

$1,475

$775

$1,300

$662

$1,295

$792

$1,197

$950

$1,200

$1,550

Discover rentals in Portales, NM

5d+ ago

Apartment for rent in Portales

Lovely 2 Bedroom Apartment for Lease

109 S Boston Ave, Portales, NM 88130

2 beds

1 bath

$574

Apartment for rent

5d+ ago

Apartment for rent in Portales

Recently Remodeled!!! 2 Bedroom 1Bath

818 S Avenue A #818, Portales, NM 88130

2 beds

1 bath

$575

Apartment for rent

NEXT GENERATION - 1549 AZ - Photo 1 of 1

6h ago

8.5

Very good

NEXT GENERATION - 1549 AZ

1549 Arizona Dr, Portales, NM 88130

2 beds

1 bath

$700

Apartment for rent

5d+ ago

House for rent in Portales

1617 S Main Ave, Portales, NM 88130

3 beds

2 baths

$1,150

$1,050

Price drop

House for rent

2d ago

House for rent in Portales

2113 Santa Clara Ct, Portales, NM 88130

4 beds

2.5 baths

$1,295

House for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Portales, NM

Quick answers to common questions about the Portales rental market.

How much is rent in Portales?

The average rent in Portales is $700 per month as of August 15, 2026.

Is rent up or down in Portales?

Average rent prices in Portales have decreased by 14% over the last month and have decreased by 16% since last year.

How does Portales rent compare to the national average?

Rent in Portales is 64% below the national average, which means renters are paying approximately $1,225 less per month.

What salary do I need to afford rent in Portales?

To comfortably afford rent in Portales, you'd need to earn approximately $28,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Portales?

April offers the best rental deals in Portales, with prices running about 27% lower than October, which sees the highest rents. Searching in spring rather than fall can result in meaningful savings on your monthly 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).

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1323 San Felipe Ct, Portales, NM 88130, USA

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109 South Boston Avenue, Portales, NM 88130, US

122 N Avenue E, Portales, NM 88130, USA

510 E 1st St, Portales, NM 88130, USA