Cheap Apartments for Rent in Santa Fe, NM from $800 (10 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
  • 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: 09/14/2025

Current apartment rentals in the Santa Fe, NM area range in price from $899 to $3,405 with an overall median price of $2,340. The three Santa Fe neighborhoods with the lowest median rent pricing are Viento Del Norte at $1,250, Arroyo Chamiso at $899, and Barrio La Canada at $1,149. 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
Viento Del Norte$2,169$1,25014
Arroyo Chamiso$2,175$89968
Barrio La Canada$2,175$1,14936
Don Digeo$2,175$1,14938
Downtown Santa Fe$2,175$1,14934
Historic Santa Fe$2,175$1,14935
Hopewell$2,175$89968
San Mateo$2,175$89952
Vista Encantada$2,175$1,14935
Las Estancias$2,187$89985

Cheapest Available Santa Fe Apartments for Rent

 

The cheapest available apartment rental in Santa Fe, NM is a Studio unit found at Sierra Blanca Senior Living in the Pueblos Del Sol neighborhood priced from $1,100. Evergreen Apartments in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,199

Best Value Apartments for Rent in Santa Fe, NM

As of September 14, 2025 the best value apartment in the Santa Fe area is the $1.67 price per square foot 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,200. The second greatest value Santa Fe apartment is the 2 Bedrooms Model at Shoofly Station Apartments starting at $2,250 with a $2.18 price per square foot in the Pueblos Del Sol 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$1.67
Shoofly Station Apartments2 Bedrooms2BR,2BA$2.18
The MicaThe Sagebrush2BR,2BA$1.76
Vista Linda2 Bedroom | 1 Bath2BR,1BA$1.94
Casa Loma Apartments1x11BR,1BA$2.12
Local 18961x1ArT1 - 1X1 Renovated1BR,1BA$1.98
San Miguel Court2x12BR,1BA$2.13
Talavera Apartment HomesPinon2BR,1BA$2.00
South MeadowsRio Chama1BR,1BA$2.23
Evergreen Apartments1x1-B1BR,1BA$1.70

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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 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 $1,525.

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 $2,340.

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 52 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 $2,212 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.

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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.

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