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Rental Market Trends in Clovis, NM

What is the average rent in Clovis, NM?

$781/month

Average Rent

595 Sq Ft

Average Apartment Size

+3.8%

Increase in the Last Year

As of October 2025, the average rent in Clovis, NM is $781 per month. This is 52% lower than the national average rent of $1,630/month, making renting in Clovis more affordable than most cities in the US. When you rent an apartment in Clovis, you can expect to pay about $454 per month for a studio, $781 for a one-bedroom apartment, and around $1,023 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,332 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$454/month
385 Sq Ft
One Bedroom
$781/month
595 Sq Ft
Two Bedroom
$1,023/month
870 Sq Ft
Three Bedroom
$1,332/month
956 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,103/month
804 Sq Ft
Three Bedroom
$1,502/month
1,566 Sq Ft
Four Bedroom
$1,687/month
1,462 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Clovis, NM?

In the past year, rent has increased by 3.8%, which averages out to $30 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Clovis, NM
Last Updated October 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Clovis, NM
Percentage*
Rent Range
59% Below $700/month
24% $700 - $1,000/month
18% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Clovis, NM?

Because the average rent in Clovis is $781, you’ll want to make about $2,603 per month or $31,236 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Clovis, NM

99 Available Apartments for Rent

Search for Nearby Apartments

How does Clovis, NM compare to other nearby cities and neighborhoods?

Use the tool below to compare Clovis, NM to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Clovis, NM

Apartment Averages

Apartment communities in Clovis we think you'll love

Raintree Apartments

Raintree Apartments

2400 E Llano Estacado Blvd,
Clovis, NM 88101

$1,115 - $1,475

1-3 Beds

300-304 Townsgate Plz

300-304 Townsgate Plz

300 Townsgate Plz,
Clovis, NM 88101

$950

2 Beds

221 Gayland Dr

221 Gayland Dr

221 Gayland Dr,
Clovis, NM 88101

$525

1 Bed

Townsgate Apartments

Townsgate Apartments

125-137 Townsgate Plz,
Clovis, NM 88101

$950

2 Beds

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United States New Mexico Clovis Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity