Cheap Apartments for Rent in Santa Fe, NM from $900 (19 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Las Palomas
Studio to 2 Bedroom Apartments

Las Palomas

2000-2001 Hopewell StSanta Fe, NM 87505
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Paseo del Sol
2 Bedroom Apartments

Paseo del Sol

4551 Paseo Del SolSanta Fe, NM 87507
  • Utilities Included
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601 W San Mateo Rd
1 to 3 Bedroom Apartments

601 W San Mateo Rd

601 W San Mateo RdSanta Fe, NM 87505
  • Utilities Included

Santa Fe, NM Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 07/29/2025

Current apartment rentals in the Santa Fe, NM area range in price from $950 to $5,050 with an overall median price of $2,385. The three Santa Fe neighborhoods with the lowest median rent pricing are Barrio La Canada at $1,225, Don Digeo at $1,225, and Downtown Santa Fe at $1,225. 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
Barrio La Canada$2,175$1,22530
Don Digeo$2,175$1,22531
Downtown Santa Fe$2,175$1,22529
Historic Santa Fe$2,175$1,22530
Vista Encantada$2,175$1,22529
Arroyo Chamiso$2,190$95051
Hopewell$2,190$95051
San Mateo$2,205$95045
Viento Del Norte$2,250$1,25018
Las Estancias$2,260$95068

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 Pueblos Del Sol neighborhood priced from $950. Sierra Blanca Senior Living in the Pueblos Del Sol 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 Senior LivingStudioStudio,1BA$1,100
Elevate at OsloStudio - 325Studio,1BA$1,155
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,199
Casa Loma ApartmentsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Santa Fe, NM

As of July 29, 2025 the best value apartment in the Santa Fe area is the $1.32 price per square foot 121 Fiesta St Model at 121 Fiesta St, Unit House in the in the Don Digeo neighborhood starting from $2,900. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,620 with a $1.99 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$1.32
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.99
Cielo Luxury Living ApartmentsThree Bedroom3BR,2BA$2.19
The MicaThe Sagebrush2BR,2BA$1.71
4300 Calle Andrew, Unit C4300 Calle Andrew2BR,1.5BA$1.75
Acequia LoftsB1M-ADA2BR,1BA$2.22
Vista Linda2 Bedroom | 1 Bath2BR,1BA$1.95
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$2.06
San Miguel Court2x12BR,1BA$2.13
Talavera Apartment HomesPinon2BR,1BA$2.17

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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

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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 $950.

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

The lowest price for a Cheap One Bedroom Santa Fe Apartment is $1,274 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 $1,469 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 San Miguel Court and starts from $1,775.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.