
Cheap Homes for Rent in San Mateo Neighborhood of Santa Fe, NM from $1,400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the San Mateo area of Santa Fe.


2501 W Zia Rd, Unit 102

2501 W Zia Rd, Unit 9-205

2501 W Zia Rd, Unit Building9Unit205, Unit Building9Unit205
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.

739 Montez Pl

1012 Marquez Pl

161 Calle Ojo Feliz

601 W San Mateo Rd
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.
San Mateo, Santa Fe, NM Local Guide

How much does it cost to rent a home in San Mateo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| San Mateo 2 Bedroom Homes for Rent | $2,539 | $1,800 | $3,500 |
| San Mateo 3 Bedroom Homes for Rent | $3,135 | $2,300 | $4,400 |
| San Mateo 4 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the San Mateo Neighborhood of Santa Fe, NM.
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San Mateo, Santa Fe, NM Local Guide
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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 $899. Evergreen Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here are the most affordable San Mateo apartments for rent in Santa Fe, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Santa Fe Suites | Studio | Studio,1BA | $899 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1,149 |
| Dakota Canyon | La Casita | 1BR,1BA | $1,369 |
Best Value Apartments for Rent in San Mateo, NM
As of May 25, 2026 the best value apartment in the San Mateo area is the $1.96 price per square foot 644 Old Santa Fe Trl Model at 644 Old Santa Fe Trl, Unit #B in the in the Arroyo Chamiso neighborhood starting from $1,995. The second greatest value San Mateo apartment is the 2/2 Model at Don Diego starting at $1,900 with a $1.90 price per square foot in the Arroyo Chamiso neighborhood. Here is today’s list of the best values for San Mateo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 644 Old Santa Fe Trl, Unit #B | 644 Old Santa Fe Trl | 1BR,1.5BA | $1.96 |
| Don Diego | 2/2 | 2BR,2BA | $1.90 |
| Local 1896 | 2x1AR1T2 - 2X1 Renovated | 2BR,1BA | $1.56 |
| Altitude at Vizcaya | Sandia | 1BR,1BA | $2.39 |
| Vizcaya | Madrid | 1BR,1BA | $2.26 |
| Evergreen Apartments | 1x1-B | 1BR,1BA | $1.70 |
| 918 Osage Ave | 918 Osage Ave | 1BR,1BA | $2.42 |
| Artista | 1x1 | 1BR,1BA | $2.33 |
| Dakota Canyon | La Casa A | 1BR,1BA | $2.81 |
| Santa Fe Suites | Studio | Studio ,1BA | $3.13 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSan Mateo, Santa Fe, NM
Ranked #10
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about San Mateo
What type of rentals are currently available in San Mateo?
There are currently 64 Apartments for Rent in San Mateo, NM with pricing that ranges from $899 to $2,600. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in San Mateo ranging from $1,400 to $4,400.
What is the current price range for Rental Homes in San Mateo?
Today's rental pricing for Homes for Rent, Condos and Townhomes in San Mateo ranges from $1,400 to $4,400 with an average monthly rent of $2,556.
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

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.

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.

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.

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.