Cheap Apartments for Rent in Santa Fe, NM from $925 (52 Rentals)

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

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
$1,507 - $1,856

Total Monthly Price

Base Rent$1,507 - $1,856

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
Furnished
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South Meadows
Rent Specials
$1,583 - $2,648

Total Monthly Price

Base Rent$1,583 - $2,648

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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Turquesa
Rent Specials
$1,594 - $2,718

Total Monthly Price

Base Rent$1,594 - $2,718

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
Affordability
  • Verified
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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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Solwyn
Rent Specials
$1,644 - $2,709

Total Monthly Price

Base Rent$1,644 - $2,709

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Solwyn

5520 Wellness WaySanta Fe, NM 87507
Affordability
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Arcadia
Rent Specials
$1,683 - $2,962

Total Monthly Price

Base Rent$1,683 - $2,962

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
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property at 2410 Camino Capitan
$1,695

Total Monthly Price

Base Rent$1,695

Total Monthly Price$1,695
1 Bedroom, 1 Bath Townhome for Rent
Available Oct 1
Furnished

2410 Camino Capitan

Santa FeNM87505
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Madera Apartments
$1,725 - $2,757

Total Monthly Price

Base Rent$1,725 - $2,757

Total Monthly Price$1,725 - $2,757
1 to 3 Bedroom Apartments Available Now

Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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The Mica
Rent Specials
$1,868 - $2,190

Total Monthly Price

Base Rent$1,868 - $2,190

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Mica

825 Calle MejiaSanta Fe, NM 87501
Eco-Friendly
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property at 941 Calle Mejia
$2,000

Total Monthly Price

Base Rent$2,000

Total Monthly Price$2,000
2 Bedroom, 2 Bath Condo for Rent
Available Sep 27
Furnished

941 Calle Mejia, Unit Condo 1115

941 Calle Mejia
Santa FeNM87501

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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Paseo del Sol
2 to 3 Bedroom Apartments

Paseo del Sol

4551 Paseo Del SolSanta Fe, NM 87507
  • Utilities Included
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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
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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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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
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Fiesta
1 to 5 Bedroom Apartments

Fiesta

121 Fiesta StSanta Fe, NM 87501
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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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Olympus Rodeo
1 to 3 Bedroom Apartments

Olympus Rodeo

1475 Rodeo RdSanta Fe, NM 87505
property at 1307 Rufina Ln
$1,650
2 Bedroom Rentals
Available Now
Affordability

1307 Rufina Ln

Santa FeNM87507
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Railyard Flats
Studio to 2 Bedroom Apartments

Railyard Flats

701 Camino de la FamiliaSanta Fe, NM 87501
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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.

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: 09/11/2026

Current apartment rentals in the Santa Fe, NM area range in price from $925 to $3,614 with an overall median price of $1,670. The three Santa Fe neighborhoods with the lowest median rent pricing are Barrio La Canada at $1,499, Hopewell at $1,582, and Plaza De Castillo at $1,599. 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$1,499$92566
Hopewell$1,582$92573
Plaza De Castillo$1,599$925126
Arroyo Chamiso$1,602$95051
Las Estancias$1,605$925103
San Mateo$1,605$95055
Pueblos Del Rodeo Road$1,643$925325
Southwest Santa Fe$1,643$925349
Tiempo Lindo$1,643$925290
Tierra Madre$1,643$925290

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 $950. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Santa Fe SuitesStudioStudio,1BA$950
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,178
Elevate at OsloStudio - 325Studio,1BA$1,195
Talavera Apartment HomesSequoia1BR,1BA$1,259
Evergreen Apartments1x1-B1BR,1BA$1,290
Rancho Carrera ApartmentsOne Bedroom1BR,1BA$1,339
Artista1x11BR,1BA$1,399
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1,410

Best Value Apartments for Rent in Santa Fe, NM

As of September 11, 2026 the best value apartment in the Santa Fe area is the $1.64 price per square foot 3 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $1,735. The second greatest value Santa Fe apartment is the 2/1 Model at Don Diego starting at $2,100 with a $2.06 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 Contenta3 Bedroom 2 Bathroom3BR,2BA$1.64
Don Diego2/12BR,1BA$2.06
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.59
The MicaThe Pinon2BR,1BA$2.15
Turquesa1B1BR,1BA$2.25
Cielo Luxury Living ApartmentsOne Bedroom1BR,1BA$1.98
VizcayaMadrid1BR,1BA$2.04
Evergreen Apartments1x1-B1BR,1BA$1.91
Rancho Carrera ApartmentsOne Bedroom1BR,1BA$2.12
Talavera Apartment HomesSequoia1BR,1BA$2.10

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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.

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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, NM
Population: 84,612

Ranked #403

in US Census Population by City

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

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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 $1,410.

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 $1,254, while the average apartment in Santa Fe costs $1,670.

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 762 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 $419 which is $1,251 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

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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.