Cheap Apartments for Rent in the Downtown Santa Fe Neighborhood of Santa Fe, NM from $1,300 (7 Rentals)

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

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715 Onate Pl
Studio to 1 Bedroom Apartments

715 Onate Pl

715 Onate PlSanta Fe, NM 87505
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234 Irvine St
Studio Apartments

234 Irvine St

234 Irvine StSanta Fe, NM 87501

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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247 Rosario Blvd
1 to 2 Bedroom Apartments

247 Rosario Blvd

247 Rosario BlvdSanta Fe, NM 87501
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120 Fiesta St
2 Bedroom Apartments

120 Fiesta St

120 Fiesta StSanta Fe, NM 87501

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.

Downtown Santa Fe, Santa Fe, NM Local Guide

Cheapest Available Downtown Santa Fe Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Don Diego2/22BR,2BA$1,900

Best Value Apartments for Rent in Downtown Santa Fe, NM

As of May 24, 2026 the best value apartment in the Downtown Santa Fe area is the $1.96 price per square foot 644 Old Santa Fe Trl Model at 644 Old Santa Fe Trl, Unit #B in the in the Arroyo Chamiso neighborhood starting from $1,995. The second greatest value Downtown 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 Downtown Santa Fe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
644 Old Santa Fe Trl, Unit #B644 Old Santa Fe Trl1BR,1.5BA$1.96
Don Diego2/22BR,2BA$1.90

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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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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Quick 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.

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Pet Friendly Lifestyle
Downtown Santa Fe, Santa Fe, NM

Ranked #18

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.