Landlord rules 2025

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New Mexico does not impose statutory caps on rent increases. However, landlords must comply with fair housing regulations and provide the required notice. Tenants should review their lease agreements for any terms related to rent increases.
Landlords are prohibited from discriminating against tenants based on the tenants race, national origin, religion, sex, gender, sexual orientation, gender expression, gender identity, ancestry, disability status, marital status, familial status, source of income (Section 8 vouchers, for example), veteran status, or
A landlord cannot refuse to rent to someone because of a disability, ethnicity, sexual orientation, or other reasons protected by the Fair Housing Act or New Mexico Human Rights law. While age discrimination is illegal, the law requires property leases of any type to be signed by a person at least 18 years old.
It is illegal for landlords in Texas to discriminate against potential tenants based on race, color, national origin, religion, sex, familial status, or disability. This is in line with federal Fair Housing Act standards.
Yes, this state is considered landlord-friendly since landlords have more freedom while managing rent prices and leasing conditions. On the other hand, the rental market in New Mexico is highly competitive, allowing landlords to promote their properties to more prospective tenants.
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There is no rent control in New Mexico. That means landlords can charge as much rent as they want and increase it as often as they wish to at the end of a lease agreement, as long as they provide proper notice.
Landlords cannot raise the rent by more than the annual rent increase limit that is set by the territory. As of May 15, 2025, landlords cannot increase rent by more than 2%.
How much should you spend on rent? One popular guideline is the 30% rent rule, which says to spend around 30% of your gross income on rent. So if you earn $4,000 per month before taxes, you could spend up to about $1,200 per month on rent.

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