| State: | NM |
| Type: | SR |
| Route: | 154 |
| Alternate Name: | Railroad Road |
| Map Custom: | yes |
| Map Notes: | NM 154 highlighted in red |
| Length Mi: | 4.189 |
| Length Ref: | [1] |
| Established: | 1988 |
| Direction A: | West |
| Terminus A: | in Hatch |
| Direction B: | East |
| Terminus B: | south of Rincon |
| Counties: | Doña Ana |
| Previous Type: | NM |
| Previous Route: | 153 |
| Next Type: | NM |
| Next Route: | 156 |
State Road 154 (NM 154) is a 4.189adj=midNaNadj=mid, paved, two-lane state highway in Doña Ana County in the U.S. state of New Mexico. NM 154's western terminus is in Hatch at the road's junction with NM 185. The road's eastern terminus is in Rincon at the road's junction with NM 140. NM 154 is also known as Railroad Road.
NM 154 parallels the railroad tracks of the El Paso Subdivision of BNSF Railway. The highway begins at the junction with NM 185 in the village of Hatch. The road heads east-northeast through the fields and pecan orchards of Rincon Valley and after 1.68miles crosses the Rio Grande river over a 476.1adj=midNaNadj=mid bridge, built in 1941. The road continues through agricultural area farther for approximately another 1 mile, before turning east. At 4.189miles NM 154 reaches its northeastern terminus at intersection with NM 140. The road continues as Doña Ana County Route E 10 past the junction.
A road from Hatch to Rincon was constructed some time in early 1940s. In early 1950s the road connecting NM 185 with Rincon passing through Hatch was designated NM 140. In 1988 the New Mexico Department of Transportation (NMDOT) went through a radical road renumbering program, and the stretch from Rincon to Hatch became known as NM 154, whereas the section from Rincon south to NM-185 was designated as NM 140.[2]