
Cheap Apartments for Rent in Santa Fe, NM from $700 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in Santa Fe.


Santa Fe Suites

Casitas Del Bella

Vista Alegre Apartments

Evergreen Apartments

Artista

Elevate at Oslo

Dakota Canyon

Total Monthly Price
3055 Jemez Rd, Unit 2

Talavera Apartment Homes
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.

Vizcaya

2501 W Zia Rd, Unit 102

Total Monthly Price
Local 1896

Vista Linda

Camino Real Apartments

Rancho Carrera Apartments

295 Lomita St

Total Monthly Price
South Meadows

2501 W Zia Rd, Unit Building9Unit205

Total Monthly Price
Turquesa
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.

Soleras Station

28 San Marcos Rd W

Total Monthly Price
Solwyn

Altitude at Vizcaya

Total Monthly Price
1319 Pacheco Ct, Unit c

1346 Pacheco St

The Bluffs at Tierra Contenta

Total Monthly Price
Madera Apartments

941 Calle Mejia, Unit 1611

1704 2nd St
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.

941 Calle Mejia, Unit 508

Acequia Lofts

Presidium Casa Siena

Total Monthly Price
Arcadia

941 Agua Fria St

Las Palomas

Paseo del Sol

Sierra Blanca Senior Living

San Mateo de Santa Fe

Casa Loma Apartments
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.

2800 Cerrillos Rd

San Isidro - Washer/Dryer Included

Olympus Rodeo

138 Ridgecrest Dr

739 Montez Pl

1307 Rufina Ln

1012 Marquez Pl

Railyard Flats

601 W San Mateo Rd

771 A Old Las Vegas Hwy
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

How much does it cost to rent an apartment in Santa Fe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Santa Fe Studio Apartments | $1,207 | $899 | $2,212 |
| Cheap Santa Fe 1 Bedroom Apartments | $1,701 | $1,246 | $2,881 |
| Cheap Santa Fe 2 Bedroom Apartments | $1,993 | $738 | $2,949 |
| Cheap Santa Fe 3 Bedroom Apartments | $2,376 | $853 | $3,900 |
| Cheap Santa Fe 4 Bedroom Apartments | $2,499 | $2,399 | $2,599 |
Browse Top Apartments in Santa Fe
See all Apartments in Santa FeExplore Santa Fe
Santa Fe, NM Local Guide

- Santa Fe Neighborhoods
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Cheapest Neighborhoods for Apartments in Santa Fe, NM
Pricing Updated: 06/13/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Arroyo Chamiso | $1,799 | $899 | 60 |
| Don Digeo | $1,799 | $1,249 | 36 |
| Historic Santa Fe | $1,799 | $1,249 | 29 |
| Hopewell | $1,799 | $899 | 94 |
| San Mateo | $1,799 | $899 | 59 |
| Downtown Santa Fe | $1,900 | $1,450 | 3 |
| Plaza De Castillo | $1,946 | $899 | 106 |
| Barrio La Canada | $2,081 | $1,249 | 31 |
| Viento Del Norte | $2,300 | $1,450 | 7 |
| Vista Encantada | $2,300 | $1,450 | 6 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cresta Ranch Apartments | Two Bedroom - 30% AMI | 2BR,2BA | $738 |
| Santa Fe Suites | Studio | Studio,1BA | $899 |
| Casitas Del Bella | Efficiency w/ stove top | Studio,1BA | $925 |
| Sierra Blanca Senior Living | Studio | Studio,1BA | $1,100 |
| Vista Alegre Apartments | Studio, 1 Bath | Studio,1BA | $1,176 |
| Elevate at Oslo | Studio - 325 | Studio,1BA | $1,325 |
| Artista | 1x1 | 1BR,1BA | $1,325 |
| Dakota Canyon | La Casa A | 1BR,1BA | $1,349 |
| Evergreen Apartments | 1x1-B | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Bluffs at Tierra Contenta | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.82 |
| Don Diego | 2/2 | 2BR,2BA | $1.90 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.56 |
| Cresta Ranch Apartments | Two Bedroom - 80% AMI | 2BR,2BA | $2.08 |
| Turquesa | 1A | 1BR,1BA | $2.25 |
| South Meadows | Rio Chama | 1BR,1BA | $2.27 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $2.03 |
| Vista Linda | 1 Bedroom | 1 Bath | 1BR,1BA | $2.19 |
| Vizcaya | Carlsbad | 1BR,1BA | $2.29 |
| Artista | 1x1 | 1BR,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 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.
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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.
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 $1,369.
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

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.

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.

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.

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.