
Cheap Apartments for Rent in Santa Fe, NM from $900 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Fe.


Elevate at Oslo

Vista Alegre Apartments

Santa Fe Suites

Evergreen Apartments

Artista

Total Monthly Price
Local 1896

Talavera Apartment Homes

Dakota Canyon

Vizcaya
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.

Rancho Carrera Apartments

ArtHouse Apartments

Total Monthly Price
Cresta Ranch

Total Monthly Price
The Mica

Camino Real Apartments

Total Monthly Price
Turquesa

Soleras Station

2501 W Zia Rd, Unit West Side

932 Lopez Ln

Total Monthly Price
Solwyn
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.

Total Monthly Price
South Meadows

941 Calle Mejia, Unit 508

1708 Paseo De Peralta

The Bluffs at Tierra Contenta

Altitude at Vizcaya

2410 Camino Capitan

149 Calle Ojo Feliz, Unit 149 Calle Ojos Feliz

Total Monthly Price
Madera Apartments

Presidium Casa Siena

2210 Miguel Chavez Rd, Unit 1414
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.

Total Monthly Price
Arcadia

Acequia Lofts

10C Rattlesnake Rd

Cielo Luxury Living Apartments

505 Grant Ave

1215 Gallegos Ln

Paseo del Sol

Sierra Blanca Senior Living

San Mateo de Santa Fe

Las Palomas
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.

Casa Loma Apartments

San Isidro - Washer/Dryer Included

Vista Linda

Fiesta

739 Montez Pl

Olympus Rodeo

142 Duran St

138 Ridgecrest Dr

1307 Rufina Ln

941 Calle Mejia
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.
Santa Fe, NM Local Guide

How much does it cost to rent an apartment in Santa Fe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Santa Fe Studio Apartments | $1,243 | $925 | $2,096 |
| Cheap Santa Fe 1 Bedroom Apartments | $1,827 | $1,249 | $2,649 |
| Cheap Santa Fe 2 Bedroom Apartments | $1,955 | $1,249 | $2,967 |
| Cheap Santa Fe 3 Bedroom Apartments | $2,172 | $1,658 | $3,624 |
| Cheap Santa Fe 4 Bedroom Apartments | $2,464 | $2,464 | $2,464 |
Browse Top Apartments in Santa Fe
See all Apartments in Santa FeExplore Santa Fe
Santa Fe, NM Local Guide

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Cheapest Neighborhoods for Apartments in Santa Fe, NM
Pricing Updated: 07/28/2026Current apartment rentals in the Santa Fe, NM area range in price from $925 to $3,624 with an overall median price of $2,368. The three Santa Fe neighborhoods with the lowest median rent pricing are Pueblos Del Rodeo Road at $925, Historic Santa Fe at $1,249, and Arroyo Chamiso at $955. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Santa Fe Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Pueblos Del Rodeo Road | $1,837 | $925 | 206 |
| Historic Santa Fe | $1,920 | $1,249 | 25 |
| Arroyo Chamiso | $2,152 | $955 | 59 |
| Hopewell | $2,152 | $925 | 88 |
| San Mateo | $2,152 | $955 | 59 |
| Viento Del Norte | $2,207 | $1,484 | 7 |
| Barrio La Canada | $2,362 | $1,249 | 29 |
| Vista Encantada | $2,362 | $1,249 | 28 |
| Don Digeo | $2,375 | $1,249 | 34 |
| Downtown Santa Fe | $2,400 | $1,700 | 3 |
Cheapest Available Santa Fe Apartments for Rent
 The cheapest available apartment rental in Santa Fe, NM is a Studio unit found at Casitas Del Bella in the Pueblos Del Sol neighborhood priced from $925. Santa Fe Suites in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $955. Here is today’s list of the most affordable Santa Fe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casitas Del Bella | Efficiency w/ stove top | Studio,1BA | $925 |
| Santa Fe Suites | Studio | Studio,1BA | $955 |
| Elevate at Oslo | Studio - 325 | Studio,1BA | $1,095 |
| Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,099 |
| Sierra Blanca Senior Living | Studio | Studio,1BA | $1,100 |
| Artista | 1x1 | 1BR,1BA | $1,299 |
| Talavera Apartment Homes | Sequoia | 1BR,1BA | $1,349 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1,369 |
| Dakota Canyon | La Casa A | 1BR,1BA | $1,375 |
| Rancho Carrera Apartments | One Bedroom | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Santa Fe, NM
As of July 28, 2026 the best value apartment in the Santa Fe area is the $1.98 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,642. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,464 with a $1.87 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Meadows | San Juan | 3BR,2BA | $1.98 |
| The Bluffs at Tierra Contenta | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.87 |
| Presidium Casa Siena | B2 | 2BR,2BA | $2.13 |
| Don Diego | 2/2 | 2BR,2BA | $1.90 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.92 |
| Cresta Ranch | Two Bedroom - 60% AMI | 2BR,2BA | $1.52 |
| The Mica | The Pinon | 2BR,1BA | $2.19 |
| Vizcaya | Madrid | 1BR,1BA | $2.14 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $2.03 |
| Artista | 1x1 | 1BR,1BA | $2.17 |
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.
Read ArticleReal 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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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.
Santa Fe, NMPopulation: 84,612
Ranked #403
in US Census Population by City
Best Local Schools in Santa Fe, NM
Mandela International Magnet (MIMS)
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Santa Fe, NM Rentals by Map
See the most popular apartments and homes in Santa Fe, NM
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 $1,399.
What is the price of a cheap apartment in Santa Fe?
The cheapest apartment in Santa Fe is Vista Alegre Apartments which is listed at $1,249, while the average apartment in Santa Fe costs $2,368.
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 378 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 $482 which is $1,886 cheaper than the average rent for all rentals in Santa Fe.
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

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.