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Belen, NM Condo for Rent

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    $1,450

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 766 Sq Ft
    • Condo for Rent

    855 W Castillo Ave Unit B, Belen, NM 87002

    Step into completely new never-lived in. Space design for comfort and convenience.Modern Kitchen: Brand New stainless steel appliances, beautiful granite countertops, with plenty of cabinet storage.In-Unit Laundry: Convenient space-savings, stackable Washer and Dryer.Private Storage Included approx 70 sq.ft.Utilities: Water, Sewer and Trash INCLUDED. Renter pays electric.3

    855 W Castillo Ave Unit B, Belen, NM 87002

Frequently Asked Questions

How much does it cost to rent a condo in Belen, NM?
The median rent for a condo in Belen, NM is $1,450 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Belen, NM?
To comfortably afford the median rent in Belen, NM, a household needs to earn roughly $58,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,450 per month in Belen, NM, renters typically need to show $4,350 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Belen, NM?
In Belen, NM, the price-to-rent ratio is 16.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Belen, NM

Rental Home Trends

Number of Condos for Rent
1
Median Condo Rent
$1,450
Median 2 Bedroom Condo Rent
$1,450
How to Rent a Home