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Elephant Butte · New Mexico

Elephant Butte, NM Landlord Laws 2026

Every housing law that applies to Elephant Butte landlords — security deposits, eviction rules, rent increases, and more. Updated for 2026.

Based on New Mexico state law.

Elephant Butte Rental Market in 2026

$1,004

median 2BR rent

1,443

population

$1,004

max security deposit

Elephant Butte landlords must comply with New Mexico state landlord-tenant laws. At a median 2-bedroom rent of $1,004/month, understanding deposit caps, notice periods, and eviction rules can save you thousands in penalties.

Local Housing Market Data

The HUD Fair Market Rent for a 2-bedroom in Elephant Butte is $1,004/month, which affects Section 8 voucher amounts and affordable housing calculations.

Key Takeaways for Elephant Butte Landlords

  • Security deposit: Capped at 1 month(s) of rent ($1,004 at median rent). Must return within 30 days or face penalties up to $2,008.

New Mexico Laws That Apply in Elephant Butte

New Mexico Uniform Owner-Resident Relations Act

N.M. Stat. §47-8-1 et seq.

Comprehensive landlord-tenant law covering security deposits, habitability, entry, eviction, and tenant rights.

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Don’t Risk Penalties

At Elephant Butte’s median rent of $1,004/month, a single deposit violation could cost you $2,008+. A wrongful eviction can cost thousands more in court fees, relocation payments, and damages. Know the rules before they cost you.

Don’t risk it. Let LeaseBase track Elephant Butte compliance for you.

Deposit deadlines, eviction notice periods, rent cap calculations — monitored automatically.

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How we researched this page: This guide is based on New Mexico state statutes, verified against official government sources. Rent data comes from HUD Fair Market Rents (FY2026). Last updated: August 2026.
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Reviewed by Rachid Abadli

Founder & CEO, LeaseBase · Sacramento landlord · Self-managing since 2019

LeaseBase is a property management platform — not a law firm. Consult an attorney for legal advice specific to your situation.