
Cheap Apartments for Rent in Santa Fe, NM from $925 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Fe.


Santa Fe Suites

Vista Alegre Apartments

Elevate at Oslo

Evergreen Apartments

Talavera Apartment Homes

Rancho Carrera Apartments

Vizcaya

26 Banana Ln

Artista
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.

Total Monthly Price
Local 1896

Cresta Ranch

Camino Real Apartments

Cielo Luxury Living Apartments

Presidium Casa Siena

Total Monthly Price
South Meadows

Total Monthly Price
Turquesa

Dakota Canyon

The Bluffs at Tierra Contenta

Soleras Station
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
Solwyn

Altitude at Vizcaya

Total Monthly Price
Arcadia

2410 Camino Capitan

516 Hillside Ave

Total Monthly Price
Madera Apartments

1506 W Alameda St

Total Monthly Price
The Mica

811 Cll Saragosa, Unit 3

941 Calle Mejia, Unit Condo 1115
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.

1702 Calle De Oriente Norte

Paseo del Sol

Sierra Blanca Senior Living

San Mateo de Santa Fe

Las Palomas

Casa Loma Apartments

2600 W Zia Rd

Vista Linda

San Isidro - Washer/Dryer Included

Fiesta
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.

Olympus Rodeo

2718 Galisteo Ct

1307 Rufina Ln

941 Calle Mejia

Railyard Flats

1405 Vegas Verdes Dr

Acequia Lofts

Camino Capitan - 2382

601 W San Mateo Rd

723 B Gildersleeve St
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 | $1,200 | $925 | $2,014 |
| Cheap Santa Fe 1 Bedroom Apartments | $1,706 | $1,260 | $2,745 |
| Cheap Santa Fe 2 Bedroom Apartments | $1,872 | $1,249 | $3,117 |
| Cheap Santa Fe 3 Bedroom Apartments | $2,066 | $1,643 | $3,614 |
| Cheap Santa Fe 4 Bedroom Apartments | $2,524 | $2,099 | $3,600 |
Browse Top Apartments in Santa Fe
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Santa Fe, NM Local Guide

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Cheapest Neighborhoods for Apartments in Santa Fe, NM
Pricing Updated: 09/11/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Barrio La Canada | $1,499 | $925 | 66 |
| Hopewell | $1,582 | $925 | 73 |
| Plaza De Castillo | $1,599 | $925 | 126 |
| Arroyo Chamiso | $1,602 | $950 | 51 |
| Las Estancias | $1,605 | $925 | 103 |
| San Mateo | $1,605 | $950 | 55 |
| Pueblos Del Rodeo Road | $1,643 | $925 | 325 |
| Southwest Santa Fe | $1,643 | $925 | 349 |
| Tiempo Lindo | $1,643 | $925 | 290 |
| Tierra Madre | $1,643 | $925 | 290 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casitas Del Bella | Efficiency w/ stove top | Studio,1BA | $925 |
| Santa Fe Suites | Studio | Studio,1BA | $950 |
| Sierra Blanca Senior Living | Studio | Studio,1BA | $1,100 |
| Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,178 |
| Elevate at Oslo | Studio - 325 | Studio,1BA | $1,195 |
| Talavera Apartment Homes | Sequoia | 1BR,1BA | $1,259 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1,290 |
| Rancho Carrera Apartments | One Bedroom | 1BR,1BA | $1,339 |
| Artista | 1x1 | 1BR,1BA | $1,399 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Bluffs at Tierra Contenta | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.64 |
| Don Diego | 2/1 | 2BR,1BA | $2.06 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.59 |
| The Mica | The Pinon | 2BR,1BA | $2.15 |
| Turquesa | 1B | 1BR,1BA | $2.25 |
| Cielo Luxury Living Apartments | One Bedroom | 1BR,1BA | $1.98 |
| Vizcaya | Madrid | 1BR,1BA | $2.04 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1.91 |
| Rancho Carrera Apartments | One Bedroom | 1BR,1BA | $2.12 |
| Talavera Apartment Homes | Sequoia | 1BR,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.
Read ArticleNavigating 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.
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.
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.
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 $1,410.
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

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.

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.

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.

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.