New Mexico Rent control / state preemption

Can cities in New Mexico pass rent control?

Yes. No political subdivision or home rule municipality may enact an ordinance or resolution that controls rents for privately owned real property (NMSA 1978, § 47-8A-1(A)). The ban does not apply to privately owned property with government contract benefits or funding for reduced rents to low- or moderate-income tenants (§ 47-8A-1(C)).

Verified Source: NMSA 1978, § 47-8A-1(A), (C) · last checked 2026-10-23