Cheap Apartments for Rent in Santa Teresa, NM from $700 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Santa Teresa.

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Santa Teresa, NM Local Guide

Cheapest Available Santa Teresa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Santa Teresa, NM is a Studio unit found at Waterford Apartments in the Redd Mulberry neighborhood priced from $715. Crossroads Valley Apartments in the Coronado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterford ApartmentsStudioStudio,1BA$715
Crossroads Valley Apartments1-11BR,1BA$725
Pear Tree ApartmentsStudio, 1 Bath (80% Income Restricted)Studio,1BA$800
Indian Springs ApartmentsA21BR,1BA$839
Desert Pointe1 Bedroom1BR,1BA$850
Colores Del Sol1 Bed 1 Bath1BR,1BA$850
Redd Rd Village ApartmentApartment 1 Bd 1 Ba 2 Reserved Parking1BR,1BA$875
The Bartlett Apartment Homes1 Bedroom1BR,1BA$898
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$900
Arterra At Alto Rey Apartments2BR/1BA2BR,1BA$900

Best Value Apartments for Rent in Santa Teresa, NM and Nearby

As of August 04, 2025 the best value apartment in the Santa Teresa area is the $0.83 price per square foot A-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,775. The second greatest value Santa Teresa apartment is the Barcelona Model at El Pavon Apartments starting at $949 with a $0.79 price per square foot in the Coronado neighborhood. Here is today’s list of the best values for Santa Teresa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Belvidere Village DuplexesA-5493BR,2.5BA$0.83
El Pavon ApartmentsBarcelona2BR,2BA$0.79
Foxglove ApartmentsBlue Sky2BR,2BA$1.05
Pine Valley Estates Apartments2 Bedroom 1 Bath2BR,1BA$1.01
The Rosetta Apartment Homes2/1.002BR,1BA$0.99
Mesa Village ApartmentsThe Chaco Canyon2BR,1BA$1.21
Desert Pointe1 Bedroom1BR,1BA$1.00
Casa Barranca2x1.5 - 7792BR,1.5BA$1.19
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$1.17
Colores Del Sol1 Bed 1 Bath1BR,1BA$1.27

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Frequently Asked Questions about Cheap Santa Teresa Apartments

How much is rent for a Cheap One Bedroom Santa Teresa Apartment?

The lowest price for a Cheap One Bedroom Santa Teresa Apartment is $839 at Indian Springs Apartments.

What is the lowest price for a Cheap Two Bedroom Santa Teresa Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Santa Teresa is starting from $900 at Arterra At Alto Rey Apartments.

What is the most affordable Santa Teresa Three Bedroom Apartment?

The best deal on a cheap Santa Teresa Three Bedroom Apartment rental is at Casa Barranca and starts from $1,100.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.