Cheap Homes for Rent in Santa Fe, NM from $1,100 (12 Rentals)

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Santa Fe, NM Local Guide

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 03/23/2025

Current apartment rentals in the Santa Fe, NM area range in price from $950 to $4,290 with an overall median price of $2,492. The three Santa Fe neighborhoods with the lowest median rent pricing are Arroyo Chamiso at $950, Hopewell at $950, and Barrio La Canada at $950. 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
Arroyo Chamiso$2,153$9508313
Hopewell$2,175$9509142
Barrio La Canada$2,249$9509594
Viento Del Norte$2,249$1,2501665
Vista Encantada$2,249$1,0534392
Don Digeo$2,307$9508741
Historic Santa Fe$2,307$9507991
San Mateo$2,307$9508679
Plaza De Castillo$2,511$95024325
Pueblos Del Sol$2,530$1,01919603

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 $950. Sierra Blanca Apartments in the Arroyo Chamiso neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$950
Sierra Blanca ApartmentsStudioStudio,1BA$1,100
Elevate at OsloStudio - 325Studio,1BA$1,105
Talavera Apartment HomesSequoia1BR,1BA$1,265
Vista Alegre Apartments1 Bed, 1 Bath1BR,1BA$1,272

Best Value Apartments for Rent in Santa Fe, NM

As of March 23, 2025 the best value apartment in the Santa Fe area is the $1.48 price per square foot 121 Fiesta St Model at 121 Fiesta St, Unit House in the in the Don Digeo neighborhood starting from $3,250. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta starting at $2,420 with a $1.84 price per square foot in the Tiempo Lindo 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.
121 Fiesta St, Unit House121 Fiesta St3BR,3BA$1.48
Bluffs at Tierra Contenta4 Bedroom 2 Bath Townhome4BR,2BA$1.84
Cielo Luxury Living ApartmentsThree Bedroom3BR,2BA$2.19
411 La Joya Rd, Unit c 411411 La Joya Rd2BR,2BA$1.75
The MicaThe Pinon2BR,1BA$2.15
Casa Loma Apartments1x11BR,1BA$2.12
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$2.00
Olympus RodeoA11BR,1BA$2.20
VizcayaCarlsbad1BR,1BA$2.20
Talavera Apartment HomesSequoia1BR,1BA$2.11

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Frequently Asked Questions about Santa Fe

What type of rentals are currently available in Santa Fe?

There are currently 113 Apartments for Rent in Santa Fe, NM with pricing that ranges from $950 to $4,270. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Fe ranging from $1,150 to $5,000.

What is the current price range for Rental Homes in Santa Fe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Fe ranges from $1,150 to $5,000 with an average monthly rent of $2,606.

How much are larger Three and Four Bedroom Rentals in Santa Fe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Fe range from $1,646 to $4,270, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,950. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $2,420.

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.

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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.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.