3 Bedroom Apartments for Rent in Santa Teresa, NM (33 Rentals)

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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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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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Santa Teresa, NM Local Guide

Largest Available Santa Teresa and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Santa Teresa, NM is found at Pear Tree Apartments in the Redd Mulberry neighborhood and is 1,801 square feet priced from $1,942. Moderno Village Apartments and Town Homes in the Coronado neighborhood has the second largest 3 Bedroom, which is sized at 1,673 square feet and currently listed start at $1,799. Here is today’s list of the largest available 3 Bedroom units in Santa Teresa:

Apartment ListingModel NameSquare FootagePriced From
Pear Tree Apartments3 Bed, 2 Bath1,801 Sq Ft$1,942
Moderno Village Apartments and Town HomesTownhome 3 Bd Loft 2 Car Garage w Opener1,673 Sq Ft$1,799
Belvidere Village DuplexesB-5491,661 Sq Ft$1,799
The Retreat at Mesa HillsJalisco - Deluxe Upgrade1,223 Sq Ft$1,315
Villas at West Mountain- Income Restricted3 Bed 2 Bath1,162 Sq Ft$1,114
Lifestyles on the ReserveC11,150 Sq Ft$1,650
Villas at Helen of Troy3x21,121 Sq Ft$1,525
Santa Teresa Terrace3 Bed, 2 Bath (60% Income Restricted) ST III1,077 Sq Ft$993

Cheapest Available Santa Teresa and Nearby 3 Bedroom Apartments

As of January 19, 2026 the lowest priced 3 Bedroom apartment unit in Santa Teresa, NM is the 3 Bed, 2 Bath (50% Income Restricted) ST III Model starting from $993 at Santa Teresa Terrace in the Valley Creek South neighborhood. The second most affordable Santa Teresa 3 Bedroom is the 3 Bed 2 Bath Model at Villas at West Mountain- Income Restricted starting at $1,114 in the Coronado neighborhood. The average price for all 3 Bedroom apartments in Santa Teresa is currently $1,600. Here is today’s list of the cheapest available 3 Bedroom options in Santa Teresa:

Apartment ListingModel NamePriced From
Santa Teresa Terrace3 Bed, 2 Bath (50% Income Restricted) ST III$993
Villas at West Mountain- Income Restricted3 Bed 2 Bath$1,114
Western ReddThree Bedroom$1,150
The Retreat at Mesa HillsJalisco - Deluxe Upgrade$1,315
Villas at Helen of Troy3x2$1,525
Lifestyles on the ReserveC1$1,650
Belvidere Village DuplexesB-549$1,799
Moderno Village Apartments and Town HomesTownhome 3 Bd Loft 2 Car Garage w Opener$1,799
Pear Tree Apartments3 Bed, 2 Bath$1,942

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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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Frequently Asked Questions about 3 Bedroom Santa Teresa Apartments

How much is the average rent for a 3 Bedroom Santa Teresa Apartment?

The average rent for a 3 Bedroom Apartment in Santa Teresa is $1,600.

What is the largest available 3 Bedroom Santa Teresa Apartment for rent?

Today's apartment with the most square footage in Santa Teresa is a 1,801 square feet unit starting from $1,942 at Pear Tree Apartments.

What is the average size for Santa Teresa 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Santa Teresa is currently 1,626 sq ft.

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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An El Paso, TX Local Expert's Guide to Affordable Neighborhoods for Renters

Written by: Lori Rosario

El Paso has been inhabited for thousands of years and still has much to offer people of all ages and walks of life.

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.