Cheap Apartments for Rent in Santa Teresa, NM from $500 (23 Rentals)

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

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Santa Teresa, NM Local Guide

Cheapest Available Santa Teresa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Santa Teresa, NM is a 2 Beds unit found at El Pavon Apartments in the Coronado neighborhood priced from $799. The Bartlett Apartment Homes in the Coronado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $818. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
El Pavon ApartmentsCasita2BR,1BA$799
The Bartlett Apartment Homes1 Bedroom1BR,1BA$818
Crossroads Valley Apartments2-1 ADA2BR,1BA$825
Desert Pointe1 Bedroom1BR,1BA$850
Santa Teresa TerraceC1503BR,2BA$854

Best Value Apartments for Rent in Santa Teresa, NM and Nearby

As of March 27, 2025 the best value apartment in the Santa Teresa area is the $0.83 price per square foot A-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,775. The second greatest value Santa Teresa apartment is the 2 Bed 2 Bath Model at Villas at West Mountain starting at $914 with a $0.91 price per square foot in the Coronado neighborhood. Here is today’s list of the best values for Santa Teresa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belvidere Village DuplexesA-5493BR,2.5BA$0.83
Villas at West Mountain2 Bed 2 Bath2BR,2BA$0.91
El Pavon ApartmentsCasita2BR,1BA$0.89
Desert Pointe1 Bedroom1BR,1BA$1.00
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.12
Casa Barranca2x1.5 - 7792BR,1.5BA$1.19
Indian Springs ApartmentsA31BR,1BA$1.19
The Bartlett Apartment Homes1 Bedroom1BR,1BA$1.29
Waterford Apartments1/11BR,1BA$1.29
Mesa Village ApartmentsThe Mesa Verde-Mesa Village: Renovated1BR,1BA$1.32

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Santa Teresa, NM

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Explore Santa Teresa, NM Rentals by Map

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See the most popular apartments and homes in Santa Teresa, NM

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Frequently Asked Questions about Cheap Santa Teresa Apartments

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

The lowest price for a Cheap One Bedroom Santa Teresa Apartment is $725 at Crossroads Valley Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Santa Teresa is starting from $799 at El Pavon Apartments.

What is the most affordable Santa Teresa Three Bedroom Apartment?

The best deal on a cheap Santa Teresa Three Bedroom Apartment rental is at Santa Teresa Terrace and starts from $854.

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.