Cheap Apartments for Rent in Santa Fe, NM from $700 (53 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
3055 Jemez Rd, Unit 2
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400
1 Bedroom Apartment Available Now

3055 Jemez Rd, Unit 2

3055 Jemez RdSanta Fe, NM 87507
Affordability
  • Smoke Free

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.

close
View Me
Local 1896
$1,478 - $1,946
Total Monthly Price

Total Monthly Price

Base Rent
$1,478 - $1,946

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
South Meadows
Rent Specials
$1,550 - $2,616
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $2,616

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Turquesa
Rent Specials
$1,594 - $2,678
Total Monthly Price

Total Monthly Price

Base Rent
$1,594 - $2,678

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
Affordability
  • Verified
  • 3D Tour

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.

close
View Me
Solwyn
Rent Specials
$1,644 - $2,679
Total Monthly Price

Total Monthly Price

Base Rent
$1,644 - $2,679

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
  • Verified
  • 3D Tour
close
View Me
Madera Apartments
$1,759 - $2,757
Total Monthly Price

Total Monthly Price

Base Rent
$1,759 - $2,757

Total Monthly Price
$1,759 - $2,757
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
Outdoors
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 941 Calle Mejia

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

1 Bedroom, 1 Bath Condo for Rent

Available Now

941 Calle Mejia, Unit 1611

941 Calle Mejia
Santa FeNM87501

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 941 Calle Mejia

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

2 Bedroom, 2 Bath Condo for Rent

Available Aug 1

941 Calle Mejia, Unit 508

941 Calle Mejia
Santa FeNM87501
close
View Me
Arcadia
Rent Specials
$1,879 - $2,962
Total Monthly Price

Total Monthly Price

Base Rent
$1,879 - $2,962

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Las Palomas
Studio to 2 Bedroom Apartments

Las Palomas

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

Paseo del Sol

4551 Paseo Del SolSanta Fe, NM 87507
  • Utilities Included
close
View Me
San Mateo de Santa Fe
1 to 3 Bedroom Apartments

San Mateo de Santa Fe

601 W San Mateo RdSanta Fe, NM 87505
  • Utilities Included
close
View Me
Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

close
View Me
Olympus Rodeo
1 to 3 Bedroom Apartments

Olympus Rodeo

1475 Rodeo RdSanta Fe, NM 87505
close
View Me
Railyard Flats
Studio to 2 Bedroom Apartments

Railyard Flats

701 Camino de la FamiliaSanta Fe, NM 87501

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.

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: 06/13/2026

Current apartment rentals in the Santa Fe, NM area range in price from $738 to $3,900 with an overall median price of $2,244. The three Santa Fe neighborhoods with the lowest median rent pricing are Arroyo Chamiso at $899, Don Digeo at $1,249, and Historic Santa Fe at $1,249. 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$1,799$89960
Don Digeo$1,799$1,24936
Historic Santa Fe$1,799$1,24929
Hopewell$1,799$89994
San Mateo$1,799$89959
Downtown Santa Fe$1,900$1,4503
Plaza De Castillo$1,946$899106
Barrio La Canada$2,081$1,24931
Viento Del Norte$2,300$1,4507
Vista Encantada$2,300$1,4506

Cheapest Available Santa Fe Apartments for Rent

 

The cheapest available apartment rental in Santa Fe, NM is a 2 Beds unit found at Cresta Ranch Apartments in the Tiempo Lindo neighborhood priced from $738. Santa Fe Suites in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cresta Ranch ApartmentsTwo Bedroom - 30% AMI2BR,2BA$738
Santa Fe SuitesStudioStudio,1BA$899
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,176
Elevate at OsloStudio - 325Studio,1BA$1,325
Artista1x11BR,1BA$1,325
Dakota CanyonLa Casa A1BR,1BA$1,349
Evergreen Apartments1x1-B1BR,1BA$1,369

Best Value Apartments for Rent in Santa Fe, NM

As of June 13, 2026 the best value apartment in the Santa Fe area is the $1.82 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,399. The second greatest value Santa Fe apartment is the 2/2 Model at Don Diego starting at $1,900 with a $1.90 price per square foot in the Arroyo Chamiso 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$1.82
Don Diego2/22BR,2BA$1.90
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.56
Cresta Ranch ApartmentsTwo Bedroom - 80% AMI2BR,2BA$2.08
Turquesa1A1BR,1BA$2.25
South MeadowsRio Chama1BR,1BA$2.27
Evergreen Apartments1x1-B1BR,1BA$2.03
Vista Linda1 Bedroom | 1 Bath1BR,1BA$2.19
VizcayaCarlsbad1BR,1BA$2.29
Artista1x11BR,1BA$2.21

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 Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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, NM
Population: 84,612

Ranked #403

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Explore Santa Fe, NM Rentals by Map

View Map
Santa Fe, NM Apartments Map
View Map
Santa Fe, NM Rental Homes Map

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 $1,369.

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 $1,246, while the average apartment in Santa Fe costs $2,244.

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 438 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 $403 which is $1,841 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.