Cheap Apartments for Rent in Santa Teresa, NM from $500 (20 Rentals)

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

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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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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 1 Bed unit found at The Bartlett Apartment Homes in the Coronado neighborhood priced from $698. 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
The Bartlett Apartment Homes1 Bedroom1BR,1BA$698
Crossroads Valley Apartments1-11BR,1BA$725
Pear Tree ApartmentsStudio, 1 Bath (80% Income Restricted)Studio,1BA$806
Indian Springs ApartmentsA21BR,1BA$839
Desert Pointe1 Bedroom1BR,1BA$850

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

As of June 24, 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
Villas at West Mountain3 Bed 2 Bath3BR,2BA$0.96
Desert Pointe1 Bedroom1BR,1BA$1.00
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.29
Colores Del Sol1 Bed Loft1BR,1.5BA$1.16
Foxglove ApartmentsSummer Sun1BR,1BA$1.21
Casa Barranca2x1.5 - 7792BR,1.5BA$1.19
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$1.17
The Rosetta Apartment Homes1/1.001BR,1BA$1.25

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Santa Teresa, NM

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Explore Santa Teresa, NM Rentals by Map

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See the most popular apartments and homes in Santa Teresa, NM

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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 $698 at The Bartlett Apartment Homes.

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 $890 at Casa Barranca.

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.

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

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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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.

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.

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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.