Cheap Homes for Rent in Santa Fe, NM from $1,300 (14 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.

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property at 941 Calle Mejia

$1,600 - $2,000

1 To 2 Bedroom Rentals

Available Now

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.

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Showing Results 1-14, Page 1 of 1

Santa Fe, NM Local Guide

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 05/24/2026

Current apartment rentals in the Santa Fe, NM area range in price from $899 to $3,290 with an overall median price of $2,472. The three Santa Fe neighborhoods with the lowest median rent pricing are Downtown Santa Fe at $1,300, Historic Santa Fe at $1,149, and Barrio La Canada at $1,149. 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
Downtown Santa Fe$1,727$1,3007
Historic Santa Fe$1,799$1,14928
Barrio La Canada$1,974$1,14933
Don Digeo$1,974$1,14942
Arroyo Chamiso$2,080$89969
Hopewell$2,080$899105
San Mateo$2,080$89969
Viento Del Norte$2,300$1,30011
Vista Encantada$2,300$1,3007
Plaza De Castillo$2,477$899120

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. 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
Santa Fe SuitesStudioStudio,1BA$899
Casitas Del BellaEfficiency Grey WallsStudio,1BA$925
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,204

Best Value Apartments for Rent in Santa Fe, NM

As of May 24, 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 644 Old Santa Fe Trl Model at 644 Old Santa Fe Trl, Unit #B starting at $1,995 with a $1.96 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.82
644 Old Santa Fe Trl, Unit #B644 Old Santa Fe Trl1BR,1.5BA$1.96
Don Diego2/22BR,2BA$1.90
Talavera Apartment HomesChamisa3BR,2BA$1.92
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.56
Presidium Casa SienaA21BR,1BA$2.32
VizcayaMadrid1BR,1BA$2.26
Turquesa1A1BR,1BA$2.25
Vista Linda1 Bedroom | 1 Bath1BR,1BA$2.19
Evergreen Apartments1x1-B1BR,1BA$1.70

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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Best Local Schools in
Santa Fe, NM

School data provided by Great Schools

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

Explore Santa Fe, NM Rentals by Map

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See the most popular apartments and homes in Santa Fe, NM

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Frequently Asked Questions about Santa Fe

What type of rentals are currently available in Santa Fe?

There are currently 122 Apartments for Rent in Santa Fe, NM with pricing that ranges from $899 to $3,290. There are also 79 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Fe ranging from $1,395 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 $1,395 to $12,500 with an average monthly rent of $4,514.

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 $1,799 to $3,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $9,600. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,399.

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.