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

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

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Las Palomas
Studio to 2 Bedroom Apartments

Las Palomas

2000-2001 Hopewell StSanta Fe, NM 87505
  • Utilities Included
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Paseo del Sol
2 to 3 Bedroom Apartments

Paseo del Sol

4551 Paseo Del SolSanta Fe, NM 87507
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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
Showing Results 1-19, Page 1 of 1

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: 11/01/2025

Current apartment rentals in the Santa Fe, NM area range in price from $849 to $30,542 with an overall median price of $21,420. The three Santa Fe neighborhoods with the lowest median rent pricing are Arroyo Chamiso at $849, Don Digeo at $1,100, and Downtown Santa Fe at $1,307. 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$7,086$849107
Don Digeo$7,086$1,10054
Downtown Santa Fe$7,086$1,30710
Historic Santa Fe$7,086$1,10047
San Mateo$7,086$84990
Viento Del Norte$7,086$1,10028
Vista Encantada$7,086$1,25022
Barrio La Canada$30,542$1,14946
Hopewell$30,542$849104
Las Acequias$30,542$1,242231

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 $849. 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$849
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,242
Elevate at OsloStudio - 325Studio,1BA$1,250

Best Value Apartments for Rent in Santa Fe, NM

As of November 01, 2025 the best value apartment in the Santa Fe area is the $1.59 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,100. The second greatest value Santa Fe apartment is the The Juniper Model at The Mica starting at $1,912 with a $1.63 price per square foot in the Don Digeo 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.
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.59
The MicaThe Juniper3BR,2BA$1.63
Shoofly Station Apartments2 Bedrooms2BR,2BA$2.18
The Arcadia1B1BR,1BA$2.24
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$2.21
Talavera Apartment HomesPinon2BR,1BA$2.01
Turquesa1A1BR,1BA$2.26
South MeadowsRio Chama1BR,1BA$2.23
Evergreen Apartments1x1-B1BR,1BA$1.70
VizcayaCarlsbad1BR,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.

Best Local Schools in
Santa Fe, NM

School data provided by Great Schools

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Santa Fe Apartments

What is a cheap apartment in Santa Fe?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Santa Fe is under $1,499.

What is the price of a cheap apartment in Santa Fe?

The cheapest apartment in Santa Fe is Evergreen Apartments which is listed at $1,149, while the average apartment in Santa Fe costs $21,420.

What types of apartments are the cheapest in Santa Fe?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 44 regular apartments in Santa Fe that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Santa Fe?

Cheap apartments in Santa Fe have an average cost of $128 which is $21,292 cheaper than the average rent for all rentals in Santa Fe.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.