Cheap Apartments for Rent in the San Mateo Neighborhood of Santa Fe, NM from $900 (26 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Local 1896
$1,410 - $2,091
Total Monthly Price

Total Monthly Price

Base Rent
$1,410 - $2,091

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
Furnished
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  • 3D Tour
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

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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San Mateo de Santa Fe
1 to 3 Bedroom Apartments

San Mateo de Santa Fe

601 W San Mateo RdSanta Fe, NM 87505
  • Utilities Included
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Las Palomas
Studio to 2 Bedroom Apartments

Las Palomas

2000-2001 Hopewell StSanta Fe, NM 87505
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Fiesta
1 to 5 Bedroom Apartments

Fiesta

121 Fiesta StSanta Fe, NM 87501
  • Smoke Free
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Olympus Rodeo
1 to 3 Bedroom Apartments

Olympus Rodeo

1475 Rodeo RdSanta Fe, NM 87505
property at 142 Duran St

$1,650 - $2,400

1 Bedroom Rentals

Available Now

142 Duran St

Santa FeNM87501
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Railyard Flats
Studio to 2 Bedroom Apartments

Railyard Flats

701 Camino de la FamiliaSanta Fe, NM 87501
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Don Diego
1 to 2 Bedroom Apartments

Don Diego

737 Don Diego AveSanta Fe, NM 87505

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.

San Mateo, Santa Fe, NM Local Guide

Cheapest Available San Mateo Apartments for Rent

 

The cheapest available apartment rental in the San Mateo area of Santa Fe, NM is a Studio unit found at Santa Fe Suites priced from $999. Evergreen Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,369. Here are the most affordable San Mateo apartments for rent in Santa Fe, NM:

Apartment ListingModel NameBed/BathPriced From
Santa Fe SuitesStudioStudio,1BA$999
Evergreen Apartments1x1-B1BR,1BA$1,369
Dakota CanyonLa Casa A1BR,1BA$1,399
Fiesta1/11BR,1BA$1,500
VizcayaMadrid1BR,1BA$1,555
Artista2x12BR,1BA$1,599
Altitude at VizcayaSandia1BR,1BA$1,740
Don Diego2/22BR,2BA$1,900
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$1,930
ArtHouse ApartmentsJunior 2 Bedroom D12BR,1BA$2,350

Best Value Apartments for Rent in San Mateo, NM

As of July 31, 2026 the best value apartment in the San Mateo area is the $1.90 price per square foot 2/2 Model at Don Diego in the in the Arroyo Chamiso neighborhood starting from $1,900. The second greatest value San Mateo apartment is the 2x1AR1T2 - 2X1 Renovated Model at Local 1896 starting at $1,930 with a $2.03 price per square foot in the Pueblos Del Sol neighborhood. Here is today’s list of the best values for San Mateo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Don Diego2/22BR,2BA$1.90
Local 18962x1AR1T2 - 2X1 Renovated2BR,1BA$2.03
ArtHouse ApartmentsJunior 2 Bedroom D12BR,1BA$2.75
Altitude at VizcayaManzano1BR,1BA$2.37
Artista2x12BR,1BA$2.13
VizcayaMadrid1BR,1BA$2.18
Evergreen Apartments1x1-B1BR,1BA$2.03
Dakota CanyonLa Casita1BR,1BA$3.05
Fiesta1/11BR,1BA$4.62
Santa Fe SuitesStudioStudio ,1BA$3.48

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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Pet Friendly Lifestyle
San Mateo, Santa Fe, NM

Ranked #10

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across New Mexico and customized analysis for Santa Fe, New Mexico. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, multifamily communities for the kids, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap San Mateo Apartments

How much is rent for a Cheap One Bedroom San Mateo Apartment?

The lowest price for a Cheap One Bedroom San Mateo Apartment is $1,369 at Evergreen Apartments.

What is the lowest price for a Cheap Two Bedroom San Mateo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in San Mateo is starting from $1,599 at Artista.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.