Rent to own Homes in New Mexico

It's home to Walter White and Jesse! Everybody's favorite high-school chemistry teacher calls Albuquerque, New Mexico, his home. Much of "Breaking Bad" was shot in the city - even the parts supposedly set in Mexico. Fans of the show would instantly recognize the Rio Grande Rift Valley, the Chihuahuan Desert, and even local city landmarks such as Cowboy's Bar, Combo's Corner, and Twisters Grill (Los Pollos Hermanos) upon stepping into the city.

Santa Fe, New Mexico is a writer's paradise! Love reading? Then you can't go wrong with settling down in Santa Fe, which has played home to writers of the caliber of D.H. Lawrence (who said Santa Fe 'stirred his soul') and Cormac McCarthy. The city's dry climate and stunning desert landscapes have inspired artists like Georgia O'Keeffe, sculptor Rebecca Tobey, Eliot Porter, and writers George R.R. Martin, Douglas Adams, and Kate Braverman. Of course, a city as rich in artistic heritage also has plenty of museums, theaters and galleries, including the Santa Fe Opera, the New Mexico Museum of Art, the Georgia O'Keeffe Museum, and the D.H. Lawrence Ranch.

New Mexico is a great place for affordable rent-to-own homes! With a median household income of over $51,243 and a median rent of $857, the New Mexico rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in New Mexico. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out 300 New Mexico rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
301 NEW YORK AVE
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Alamogordo, NM 88310
1,102 Sqft | Built in 1960
308 N 3RD ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Carlsbad, NM 88220
1,089 Sqft | Built in 1970
5824 WESTSIDE DR
1 Bed, 1 Bath
Rent To Own
West Valley
Single Family Home
El Paso, TX 79932
1,080 Sqft | Built in 1950
108 E HERVEY ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roswell, NM 88203
1,400 Sqft | Built in 1961
701 N CHURCH ST
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Bloomfield, NM 87413
2,196 Sqft | Built in 1987
451 CORONADO ST NE
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,310 Sqft | Built in 1920
Hot
609 E ISLETA ST
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Farmington, NM 87401
1,620 Sqft | Built in 1955
703 W 31ST ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Farmington, NM 87401
1,668 Sqft | Built in 1981
Rent to own homes offer low monthly payments and flexible terms
301 Via Cremona Way
3 Beds, 3 Baths
Rent To Own
Valley Creek North
Single Family Home
El Paso, TX 79932
2,488 Sqft | Built in 2005
1 of 31 7504 OLD CAVERN HWY
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Carlsbad, NM 88220
2,200 Sqft | Built in 2004
636 SAN PEDRO DR SE
3 Beds, 3 Baths
Rent To Own
South San Pedro
Multifamily (5+ Units)
Albuquerque, NM 87108
2,400 Sqft | Built in 1950
13 Moontree Trl
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Tres Piedras, NM 87577
300 Sqft | Built in 2006
175 SKI RUN RD #307
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Alto, NM 88312
1,000 Sqft | Built in 1989
5012 W BIG RED RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Hobbs, NM 88240
2,400 Sqft | Built in 2015
21 30TH ST NW
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Rio Rancho, NM 87124
920 Sqft | Built in 2004
50 W BRAZARO AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,640 Sqft
366 OBSIDIAN RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Jemez Springs, NM 87025
2,400 Sqft | Built in 1983
1 of 18 502 HERMOSA DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Roswell, NM 88201
2,130 Sqft | Built in 1962
826 MAIN RD
4 Beds, 5 Baths
Rent To Own
 
Single Family Home
Ruidoso, NM 88345
3,165 Sqft | Built in 1965
436 GENERAL CHENNAULT ST NE
2 Beds, 1 Bath
Rent To Own
South Los Altos
Single Family Home
Albuquerque, NM 87123
832 Sqft | Built in 1950
520 VERMONT ST NE
2 Beds, 1 Bath
Rent To Own
La Mesa
Single Family Home
Albuquerque, NM 87108
640 Sqft | Built in 1950
1 Trevington Rd
5 Beds, 6 Baths
Rent To Own
 
Single Family Home
Santa Teresa, NM 88008
6,814 Sqft | Built in 1976
Hot
157 THOMAS IV RD
1 Bed, 1 Bath
Rent To Own
 
Single Family Home
Datil, NM 87821
800 Sqft | Built in 2008
314 E 8th St
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Clovis, NM 88101
923 Sqft | Built in 1937
1 of 18 9148 RIO GALISTEO PL NW
4 Beds, 4 Baths
Rent To Own
Paradise Hills Civic
Single Family Home
Albuquerque, NM 87114
2,950 Sqft | Built in 2007
3206-3209 4232nd
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Hobbs, NM 88240
2,096 Sqft | Built in 1977
500 N ASH ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Truth Or Consequences, NM 87901
1,120 Sqft | Built in 1997
904 Walnut Dr
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Farmington, NM 87401
1,457 Sqft | Built in 1960
77 CIBOLA CIR
4 Beds, 3 Baths
Rent To Own
Hondo Hills
Single Family Home
Santa Fe, NM 87505
2,629 Sqft | Built in 1978
3388 STATE HIGHWAY 47
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,000 Sqft | Built in 1973
913 E BRADY AVE
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Clovis, NM 88101
1,272 Sqft | Built in 1946
4113 6TH ST NW
5 Beds, 3 Baths
Rent To Own
Monkbridge Gardens
Single Family Home
Albuquerque, NM 87107
2,300 Sqft | Built in 1940
1 of 72 14 SAN PEDRO LN
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Edgewood, NM 87015
2,186 Sqft | Built in 1993
116 SAN JUAN RD
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ruidoso, NM 88345
828 Sqft | Built in 1981
411 W ASH AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Bloomfield, NM 87413
1,344 Sqft | Built in 1999
New
1 of 26 27 CACTUS FLOWER RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Ranchos De Taos, NM 87557
1,859 Sqft | Built in 2001
219 CENTRAL AVE NW #305
1 Bed, 3 Baths
Rent To Own
Raynolds Addition
Townhouse/Condo
Albuquerque, NM 87102
1,388 Sqft
5200 W HARDTACK RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Hobbs, NM 88240
2,410 Sqft | Built in 2017
245 MAIN RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Capitan, NM 88316
1,588 Sqft | Built in 1974
10 CANONCITO VISTA RD
1 Bed, 1 Bath
Rent To Own
Sedillo Vista
Single Family Home
Tijeras, NM 87059
962 Sqft | Built in 2020
509 VERMONT ST NE
5 Beds, 3 Baths
Rent To Own
La Mesa
Multifamily (5+ Units)
Albuquerque, NM 87108
2,142 Sqft | Built in 1945
2 Goodheart Rd
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
1,500 Sqft
281 Candy Kitchen
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Grants, NM 87020
2,304 Sqft | Built in 1988
604 3RD ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Farwell, TX 79325
1,160 Sqft | Built in 1945
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More New Mexico Property Resources

Rent to own Homes in Cities Near New Mexico

Median Home Price in New Mexico

Median Rent in New Mexico

Rent to own homes offer low monthly payments and flexible terms

Top 13 Reasons to Live in New Mexico

Its real estate is full of history and character! New Mexico is where America meets Mexico. This blend of cultures has given rise to cities filled with more character than the most historic of New England towns. This is reflected in homes around New Mexico as well, which are often built in a unique Mexican-American style. You'll find plenty of adobe style houses dotting Santa Fe and Albuquerque, many of which date back to the 18th century.

Home prices are still low! Despite the flock of first-time buyers migrating to Albuquerque, Santa Fe, Rio Rancho, and Las Cruces, home prices remain relatively low. Median sales prices in Albuquerque and Las Cruces and Rio Rancho, for instance, are $134,900 and $125,000 respectively. Even artsy Santa Fe boasts median home sales price of only $186,964.

Microsoft was born in Albuquerque! Not many know this, but Microsoft was actually born in Albuquerque, not Redmond. Bill Gates and Paul Allen decided to found the company in Albuquerque after selling one of their software programs to a local tech firm. Their first office - the Sundowner Motel - and the first headquarters on 199 California Street NE, have become a pilgrimage point for software enthusiasts from the world over.

It's always sunny in New Mexico! Stay in the state for a few weeks and you'll discover that it's always sunny in New Mexico. Summers are warm with temperatures rarely rising above 90F, and winters are cool and comfortable with average temperatures hovering around 60F. If weather is a criteria, you'll never want to move out of New Mexico.

Living here is cheap! The cost of living in New Mexico is 7.37% lower than the national average. Average home price is $210,000 and property taxes are lower than all but two states. Even rental rates are relatively low - you can get a three-bedroom, rent to own apartment in Santa Fe's best neighborhoods for under $1,200, while renting in Albuquerque will set you back by a little over $1,000.

It has stunning landscapes! It's nearly impossible to describe the sheer scale and grandeur of New Mexico's landscapes in words. From the vast Chihuahuan Desert to the Sangre de Cristo Mountains, the sheer size and scale of New Mexico's natural bounty will take your breath away. And if that doesn't get you excited enough, hike up the White Sands National Monument, which is a vast desert made of gypsum crystals!

Las Cruces! Las Cruces, New Mexico, is a city of over 100,000 people that sits right at the Mexican border. Desert, mountain and river come together in perfect harmony in Las Cruces. You will have the stunning Picacho Mountain as your backdrop, the Chihuahuan Desert as your palace of solitude, and the unique culture of Mesilla Valley. There are endless golf courses - New Mexico State University Golf Course, Sonoma Ranch, and Red Hawk - indigenous adobe communities along Highway 28, historic theaters like the Rio Grande Theater, and of course, that almost perfect New Mexico weather. Little wonder that Smart Money named Las Cruces one of the best places to retire in in the US.

Relax in the state's many spas and resorts! New Mexico has more spas and springs than Los Angeles has actors. There's the Ojo Caliente Mineral Springs - a hot spring with four types of mineral waters - the Bishop's Lodge Ranch Resort and Spa and the Ten Thousand Waves spa in Santa Fe, and the El Monte Sagrado Living Resort and Spa, which has unique spa treatments made from desert plants.

It's the best place in the country to go RVing! RVing is a real fun activity in New Mexico. The state has a long tradition of trade routes and boasts the oldest highway in the country, the King's Highway. The desert and mountain landscape means that not only do you get stunning views, but driving itself is sheer pleasure on the twisting, turning highways. Some of the state's best roads for RVing are the Rout 28 from Sunland Park to Mesilla, which runs through Llama ranches and vineyards, the US 180 from Alpine, Arizona to Deming, New Mexico, and The Road to Timberon, which runs through the Lincoln National Forest.

Great food! New Mexico's Mexican inspired cuisine is one of the top reasons to live in the state. And it's not just the big cities that boast great cuisine. In fact, the best Mexican restaurants in the state are often in small towns like Orlando's New Mexican Cafe and La Cueva in Taos, Cafe Rio in Ruidoso, Stella Vita in Alamogordo, and El Cafecito in Grants, New Mexico.

It's a great place for outdoor adventures! New Mexico's amazing weather and laid back lifestyle has made it the perfect place for outdoor enthusiasts. You can go ballooning at the Albuquerque International Balloon Fiesta - one of the largest in the country - or even go skiing at the Taos Ski Valley and Angel Fire Resorts. Which is to say: you really don't have any excuses not to buy a house in the Land of Enchantment!

New Mexico Frequently Asked Questions

New Mexico has a walk score of

New Mexico has a bike score of

The state tax rate is 1.7 to 5.9% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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