Cheap Apartments for Rent near Santa Cruz, NM from $749 (48 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Local 1896
$1,299 - $1,799
Total Monthly Price

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$1,299 - $1,799
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1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
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Cresta Ranch
$1,443 - $2,227
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$1,443 - $2,227
Total Monthly Price
$1,443 - $2,227
2 to 3 Bedroom Apartments Available Now

Cresta Ranch

48 Raptor RdSanta Fe, NM 87508
Eco-Friendly
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  • Low Income
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Turquesa
Rent Specials
$1,594 - $2,718
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$1,594 - $2,718
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1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
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South Meadows
Rent Specials
$1,612 - $2,526
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$1,612 - $2,526
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1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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Solwyn
Rent Specials
$1,644 - $2,709
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$1,644 - $2,709
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1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Arcadia
Rent Specials
$1,683 - $2,962
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$1,683 - $2,962
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1 to 3 Bedroom Apartments Available Now

Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
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Madera Apartments
$1,725 - $2,509
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$1,725 - $2,509
Total Monthly Price
$1,725 - $2,509
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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The Mica
Rent Specials
$1,890 - $2,553
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Base Rent
$1,890 - $2,553
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1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
Eco-Friendly
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
Corporate Housing
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Vista Linda
1 to 4 Bedroom Apartments

Vista Linda

6332 Entrada de MilagroSanta Fe, NM 87507
Senior Living
property at 1307 Rufina Ln

$1,650 - $1,700

2 Bedroom Rentals

Available Now

1307 Rufina Ln

Santa FeNM87507
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Acequia Lofts
1 to 2 Bedroom Apartments

Acequia Lofts

2725 Agua Fria StSanta Fe, NM 87507

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-48, Page 1 of 1

Santa Cruz, NM Local Guide

Cheapest Available Santa Cruz Apartments for Rent and Nearby

 

The cheapest available apartment rental in Santa Cruz, NM is a 2 Beds unit found at El Cerrito priced from $749. Santa Fe Suites in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Santa Cruz apartments for rent:

Apartment ListingModel NameBed/BathPriced From
El Cerrito2 BR2BR,1BA$749
Santa Fe SuitesStudioStudio,1BA$900
Myrtle Apartments - All Utilities IncludedStudioStudio,1BA$900
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$995
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,181
Elevate at OsloStudio - 325Studio,1BA$1,225
Evergreen Apartments1x1-B1BR,1BA$1,290
Dakota CanyonLa Casita1BR,1BA$1,295

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

As of August 30, 2026 the best value apartment in the Santa Cruz area is the $1.49 price per square foot 3 x 3.5 (1-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,450. The second greatest value Santa Cruz apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,350 with a $1.78 price per square foot in the Tiempo Lindo neighborhood. Here is today’s list of the best values for Santa Cruz apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills3 x 3.5 (1-car Gar)3BR,3.5BA$1.49
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.78
Cresta RanchThree Bedroom - 70% AMI3BR,2BA$1.74
Presidium Casa SienaB15W2BR,2BA$1.45
Cielo Luxury Living ApartmentsTwo Bedroom2BR,2BA$1.83
El Cerrito2 BR2BR,1BA$0.77
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.37
Enchanted HillsDiego2BR,1BA$1.74
Mesa Del Norte2x12BR,1BA$1.74
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.72

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Santa Cruz, NM Rentals by Map

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

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Frequently Asked Questions about Cheap Santa Cruz Apartments

What is the Cheapest Studio apartment in Santa Cruz?

Currently the most affordable Cheap Studio Apartment in Santa Cruz is at Santa Fe Suites listed at $900.

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

The lowest price for a Cheap One Bedroom Santa Cruz Apartment is $995 at Casa de Encantada Senior Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Santa Cruz is starting from $749 at El Cerrito.

What is the most affordable Santa Cruz Three Bedroom Apartment?

The best deal on a cheap Santa Cruz Three Bedroom Apartment rental is at Cresta Ranch and starts from $1,658.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.