Cheap Homes for Rent in Santa Fe, NM from $900 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Santa Fe.

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.

property at 941 Calle Mejia

$1,450 - $1,750

2 Bedroom Rentals

Available Now

941 Calle Mejia

Santa FeNM87501
property at 941 Calle Mejia

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 2 Bath Condo for Rent

Available Aug 1

941 Calle Mejia, Unit 508

941 Calle Mejia
Santa FeNM87501

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.

property at 2410 Camino Capitan

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795

Total Monthly Price
$1,795

1 Bedroom, 1 Bath Townhome for Rent

Available Oct 1

2410 Camino Capitan

Santa FeNM87505

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.

Santa Fe, NM Local Guide

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 07/08/2026

Current apartment rentals in the Santa Fe, NM area range in price from $738 to $3,900 with an overall median price of $2,349. The three Santa Fe neighborhoods with the lowest median rent pricing are Historic Santa Fe at $1,249, Don Digeo at $1,249, and Arroyo Chamiso at $1,195. 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
Historic Santa Fe$1,919$1,24921
Don Digeo$1,943$1,24928
Arroyo Chamiso$1,949$1,19548
Hopewell$1,949$92579
San Mateo$1,949$1,19547
Downtown Santa Fe$2,100$1,7003
Barrio La Canada$2,176$1,24922
Viento Del Norte$2,190$1,7009
Vista Encantada$2,190$1,7009
Plaza De Castillo$2,325$92589

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. Casitas Del Bella in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cresta Ranch ApartmentsTwo Bedroom - 30% AMI2BR,2BA$738
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,183
Elevate at OsloStudio - 325Studio,1BA$1,305

Best Value Apartments for Rent in Santa Fe, NM

As of July 09, 2026 the best value apartment in the Santa Fe area is the $2.06 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,746. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,449 with a $1.86 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 ListingModel NameBed/BathPrice Per Sq.Ft.
South MeadowsSan Juan3BR,2BA$2.06
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.86
Cielo Luxury Living ApartmentsThree Bedroom3BR,2BA$2.14
Local 18962x2ArT1 - 2X2 Renovated2BR,2BA$1.48
Don Diego2/22BR,2BA$1.90
Cresta Ranch ApartmentsTwo Bedroom - 80% AMI2BR,2BA$2.08
The MicaThe Pinon2BR,1BA$2.17
Evergreen Apartments1x1-B1BR,1BA$2.03
VizcayaCarlsbad1BR,1BA$2.21
Talavera Apartment HomesSequoia1BR,1BA$2.22

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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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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Santa Fe, NM
Population: 84,612

Ranked #403

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Santa Fe, NM Rentals by Map

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Frequently Asked Questions about Santa Fe

What type of rentals are currently available in Santa Fe?

There are currently 111 Apartments for Rent in Santa Fe, NM with pricing that ranges from $738 to $3,900. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Fe ranging from $900 to $12,500.

What is the current price range for Rental Homes in Santa Fe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Fe ranges from $900 to $12,500 with an average monthly rent of $4,327.

How much are larger Three and Four Bedroom Rentals in Santa Fe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Fe range from $853 to $3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,449.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.