
Cheap Apartments for Rent in Santa Fe, NM from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Fe.


Santa Fe Suites

Sierra Blanca Senior Living

313 Tesuque Dr

Evergreen Apartments

Vista Alegre Apartments

Talavera Apartment Homes
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.

Casa Loma Apartments

Elevate at Oslo

Dakota Canyon

Rancho Carrera Apartments

Vizcaya

Artista
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.

Cielo Luxury Living Apartments

452 Acequia Madre

2600 W Zia Rd

941 Calle Mejia
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,312 | $875 | $1,947 |
| Cheap Santa Fe 1 Bedroom Apartments | $1,686 | $1,149 | $2,600 |
| Cheap Santa Fe 2 Bedroom Apartments | $1,985 | $1,378 | $3,150 |
| Cheap Santa Fe 3 Bedroom Apartments | $2,342 | $1,659 | $3,200 |
| Cheap Santa Fe 4 Bedroom Apartments | $2,277 | $2,085 | $2,455 |
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: 12/28/2025Current apartment rentals in the Santa Fe, NM area range in price from $875 to $3,200 with an overall median price of $2,267. The three Santa Fe neighborhoods with the lowest median rent pricing are Downtown Santa Fe at $1,400, Arroyo Chamiso at $875, and Barrio La Canada at $875. 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 |
|---|---|---|---|
| Downtown Santa Fe | $2,000 | $1,400 | 3 |
| Arroyo Chamiso | $2,175 | $875 | 95 |
| Barrio La Canada | $2,175 | $875 | 57 |
| Don Digeo | $2,175 | $875 | 63 |
| Historic Santa Fe | $2,175 | $875 | 53 |
| Hopewell | $2,175 | $875 | 94 |
| San Mateo | $2,175 | $875 | 80 |
| Plaza De Castillo | $2,257 | $899 | 109 |
| Las Estancias | $2,263 | $899 | 123 |
| Las Acequias | $2,285 | $1,189 | 234 |
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 $899. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Santa Fe Suites | Studio | Studio,1BA | $899 |
| Sierra Blanca Senior Living | Studio | Studio,1BA | $1,100 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1,149 |
| Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,189 |
| Talavera Apartment Homes | Sequoia | 1BR,1BA | $1,219 |
Best Value Apartments for Rent in Santa Fe, NM
As of December 29, 2025 the best value apartment in the Santa Fe area is the $2.01 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,688. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,085 with a $1.58 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 | $2.01 |
| The Bluffs at Tierra Contenta | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.58 |
| Cielo Luxury Living Apartments | Two Bedroom-Large | 2BR,2BA | $2.06 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.77 |
| Soleras Station | Two Bedroom | 2BR,1BA | $2.00 |
| The Mica | The Pines | 1BR,1BA | $1.84 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1.70 |
| Vizcaya | Chama | 1BR,1BA | $2.06 |
| Rancho Carrera Apartments | One Bedroom | 1BR,1BA | $2.07 |
| Talavera Apartment Homes | Sequoia | 1BR,1BA | $2.03 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
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
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 $1,309.
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 $2,267.
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 $150 which is $2,117 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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



