Cheap Homes for Rent in Santa Fe, NM from $1,200 (19 Rentals)

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

property at 941 Calle Mejia

$1,235 - $1,895

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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property at 142 Duran St

$1,750 - $2,500

1 To 2 Bedroom Rentals

Available Now

142 Duran St

Santa FeNM87501

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.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-19, Page 1 of 1

Santa Fe, NM Local Guide

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 12/28/2025

Current apartment rentals in the Santa Fe, NM area range in price from $875 to $3,200 with an overall median price of $2,243. The three Santa Fe neighborhoods with the lowest median rent pricing are Downtown Santa Fe at $1,400, Hopewell at $875, and San Mateo at $875. 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$2,000$1,4003
Hopewell$2,087$87593
San Mateo$2,087$87579
Barrio La Canada$2,168$87556
Don Digeo$2,168$87561
Historic Santa Fe$2,168$87552
Arroyo Chamiso$2,175$87594
Plaza De Castillo$2,200$899108
Las Estancias$2,231$899122
Las Acequias$2,285$1,189237

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. Sierra Blanca Senior Living in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$899
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Evergreen Apartments1x1-B1BR,1BA$1,149
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,189
Talavera Apartment HomesSequoia1BR,1BA$1,219

Best Value Apartments for Rent in Santa Fe, NM

As of December 28, 2025 the best value apartment in the Santa Fe area is the $2.01 price per square foot San Juan Model at South Meadows in the in the Pueblos Del Sol neighborhood starting from $2,688. The second greatest value Santa Fe apartment is the 4 Bedroom 2 Bathroom Model at The Bluffs at Tierra Contenta starting at $2,085 with a $1.58 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$2.01
The Bluffs at Tierra Contenta4 Bedroom 2 Bathroom4BR,2BA$1.58
Cielo Luxury Living ApartmentsTwo Bedroom-Large2BR,2BA$2.06
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1.77
Soleras StationTwo Bedroom2BR,1BA$2.00
The MicaThe Pines1BR,1BA$1.84
Evergreen Apartments1x1-B1BR,1BA$1.70
VizcayaChama1BR,1BA$2.06
Rancho Carrera ApartmentsOne Bedroom1BR,1BA$2.07
Talavera Apartment HomesSequoia1BR,1BA$2.03

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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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 111 Apartments for Rent in Santa Fe, NM with pricing that ranges from $875 to $3,200. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Fe ranging from $1,235 to $9,800.

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 $1,235 to $9,800 with an average monthly rent of $2,681.

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 $1,659 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $9,800. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $2,085.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!