Cheap Apartments for Rent in Santa Fe, NM from $800 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Santa Fe.

close
View Me
Las Palomas
Studio to 2 Bedroom Apartments

Las Palomas

2000-2001 Hopewell StSanta Fe, NM 87505
  • Utilities Inc.
close
View Me
Paseo del Sol
2 Bedroom Apartments

Paseo del Sol

4551 Paseo Del SolSanta Fe, NM 87507
  • Utilities Inc.
close
View Me
601 W San Mateo Rd
1 to 3 Bedroom Apartments

601 W San Mateo Rd

601 W San Mateo RdSanta Fe, NM 87505

Santa Fe, NM Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 02/28/2025

Current apartment rentals in the Santa Fe, NM area range in price from $850 to $4,830 with an overall median price of $2,603. The three Santa Fe neighborhoods with the lowest median rent pricing are Hopewell at $850, Barrio La Canada at $850, and Arroyo Chamiso at $850. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Santa Fe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hopewell$2,157$85010593
Barrio La Canada$2,250$85010569
Arroyo Chamiso$2,412$8509884
Pinon Hills$2,523$1,01922873
Tiempo Lindo$2,523$1,01922873
Tierra Madre$2,523$1,01922873
Vista Encantada$2,525$9594412
Las Acequias$2,577$1,01922895
Southwest Santa Fe$2,582$85032217
Pueblos Del Sol$2,587$1,01921639

Cheapest Available Santa Fe Apartments for Rent

 

The cheapest available apartment rental in Santa Fe, NM is a Studio unit found at Santa Fe Suites in the Arroyo Chamiso neighborhood priced from $850. Vista Alegre Apartments in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,061. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$850
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,061
Sierra Blanca ApartmentsStudioStudio,1BA$1,100
Elevate at OsloStudio - 325Studio,1BA$1,105
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$1,285

Best Value Apartments for Rent in Santa Fe, NM

As of February 28, 2025 the best value apartment in the Santa Fe area is the $1.84 price per square foot 4 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,420. The second greatest value Santa Fe apartment is the Mesilla Model at Vizcaya starting at $2,665 with a $2.22 price per square foot in the Arroyo Chamiso neighborhood. Here is today’s list of the best values for Santa Fe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bluffs at Tierra Contenta4 Bedroom 2 Bath Townhome4BR,2BA$1.84
VizcayaMesilla3BR,2BA$2.22
Casa Loma Apartments2x1.52BR,1.5BA$1.87
The MicaThe Pinon2BR,1BA$2.05
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$1.71
Olympus RodeoA11BR,1BA$2.26
Altitude at VizcayaSandia1BR,1BA$2.34
Vista Linda1 Bedroom | 1 Bath1BR,1BA$2.30
Talavera Apartment HomesSequoia1BR,1BA$2.14
Vista Alegre Apartments1 Bed, 1 Bath1BR,1BA$2.18

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Santa Fe Overview

The state capitol of New Mexico and the fourth largest city in the state, Santa Fe apartments are a great way to get to know this dynamic metropolis. Combining artistic architectural flair and the serene natural desert beauty the area is known for, Santa Fe is a fantastic place to call home.

Why live in Santa Fe, NM?

From the comfortable year-round climate to the architectural flair for which the city is known, Santa Fe apartments make a great place to call home for working young professionals and families on the go as well. Artists flock to the region for the eternal muse of the sunset over the mountains, and the downtown scene is dotted by funky boutiques, independent eateries and an abundance of art galleries.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Santa Fe, NM Rentals by Map

View MapSanta Fe, NM Apartments MapView MapSanta Fe, NM Rental Homes Map

Getting Around Santa Fe, NM

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Santa Fe Apartments

What is the Cheapest Studio apartment in Santa Fe?

Currently the most affordable Cheap Studio Apartment in Santa Fe is at Santa Fe Suites listed at $850.

How much is rent for a Cheap One Bedroom Santa Fe Apartment?

The lowest price for a Cheap One Bedroom Santa Fe Apartment is $1,136 at Vista Alegre Apartments.

What is the lowest price for a Cheap Two Bedroom Santa Fe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Santa Fe is starting from $1,450 at Vista Alegre Apartments.

What is the most affordable Santa Fe Three Bedroom Apartment?

The best deal on a cheap Santa Fe Three Bedroom Apartment rental is at Talavera Apartment Homes and starts from $1,689.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.