$2,675 Per Month
- 3 Beds
- 2 Baths
- 1,390 Sq Ft
- House for Rent
14 Lola Ct, Edgewood, NM 87015
Bill Anglin Anglin Realty
Frequently Asked Questions
How much does it cost to rent a home in Edgewood, NM?
The median rent for a home in Edgewood, NM is $2,712 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Edgewood, NM?
To comfortably afford the median rent in Edgewood, NM, a household needs to earn roughly $108,480 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 $2,712 per month in Edgewood, NM, renters typically need to show $8,136 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 Edgewood, NM?
In Edgewood, NM, the price-to-rent ratio is 14.0, 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.
What neighborhoods in Edgewood, NM are best for renting a home?
The best neighborhood for renting in Edgewood, NM depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Oñate, Panorama Heights, Enchanted Park, Academy Hills Park and Singing Arrow, each with its own character and price range.
