Cheap Homes for Rent in Santa Fe, NM from $1,600 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-21, Page 1 of 1

Santa Fe, NM Local Guide

Cheapest Neighborhoods for Apartments in Santa Fe, NM

Pricing Updated: 06/11/2025

Current apartment rentals in the Santa Fe, NM area range in price from $950 to $4,645 with an overall median price of $2,412. The three Santa Fe neighborhoods with the lowest median rent pricing are Viento Del Norte at $1,250, Arroyo Chamiso at $950, and Historic Santa Fe at $950. 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
Viento Del Norte$2,169$1,25018
Arroyo Chamiso$2,175$95067
Historic Santa Fe$2,175$95058
Hopewell$2,175$95076
Vista Encantada$2,175$1,22539
Don Digeo$2,187$95066
San Mateo$2,187$95065
Barrio La Canada$2,199$95075
Downtown Santa Fe$2,200$1,5004
Southwest Santa Fe$2,520$950307

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 Arroyo Chamiso neighborhood priced from $950. Vista Alegre Apartments in the Pueblos Del Sol neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,042. Here is today’s list of the most affordable Santa Fe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$950
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,042
Sierra Blanca ApartmentsStudioStudio,1BA$1,100
Elevate at OsloStudio - 325Studio,1BA$1,225
Dakota CanyonLa CasitaStudio,1BA$1,399

Best Value Apartments for Rent in Santa Fe, NM

As of June 11, 2025 the best value apartment in the Santa Fe area is the $1.75 price per square foot 4 Bedroom 2 Bath Townhome Model at Bluffs at Tierra Contenta in the in the Tiempo Lindo neighborhood starting from $2,300. The second greatest value Santa Fe apartment is the The Sagebrush Model at The Mica starting at $1,820 with a $1.78 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.
Bluffs at Tierra Contenta4 Bedroom 2 Bath Townhome4BR,2BA$1.75
The MicaThe Sagebrush2BR,2BA$1.78
4300 Calle Andrew, Unit C4300 Calle Andrew2BR,1.5BA$1.75
409 La Joya Rd, Unit C409 La Joya RdStudio ,1BA$1.55
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$2.08
Casa Loma Apartments1x11BR,1BA$2.12
Talavera Apartment HomesPinon2BR,1BA$2.21
Vista Linda1 Bedroom | 1 Bath1BR,1BA$2.14
VizcayaChama1BR,1BA$2.27
Vista Alegre ApartmentsStudio, 1 BathStudio ,1BA$2.00

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Santa Fe

What type of rentals are currently available in Santa Fe?

There are currently 108 Apartments for Rent in Santa Fe, NM with pricing that ranges from $950 to $4,625. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Fe ranging from $1,600 to $6,000.

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 $1,600 to $6,000 with an average monthly rent of $3,048.

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 $1,895 to $4,625, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $4,550. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,300.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.