Cheap Apartments for Rent in Santa Teresa, NM from $500 (37 Rentals)

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

property at 118 Tierra Vista Dr

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

4 Bedroom, 3 Bath Home for Rent

Available Now

118 Tierra Vista Dr

Santa TeresaNM88008

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The Legends of El Paso
$1,473 - $2,807
Total Monthly Price

Total Monthly Price

Base Rent
$1,473 - $2,807
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Legends of El Paso

200 Desert Pass StEl Paso, TX 79912
Corporate Housing
  • Verified
  • Customer Reviewed
  • 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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Showing Results 1-37, Page 1 of 1

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 Indian Springs Apartments in the Coronado neighborhood priced from $839. El Pavon Apartments in the Coronado neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Indian Springs ApartmentsA21BR,1BA$839
El Pavon ApartmentsCasita2BR,1BA$849
Western ReddTwo Bedroom2BR,1BA$850
Desert PointeDesert Pionte1BR,1BA$850
Casa Barranca2x1 -7672BR,1BA$890
Colores Del Sol2 Bed 1.5 Bath2BR,1BA$910
Waterford Apartments1/11BR,1BA$930
Foxglove ApartmentsGentle Rain1BR,1BA$945
Arterra At Alto Rey Apartments1BR/1BA1BR,1BA$945
The Bartlett Apartment Homes1 Bedroom1BR,1BA$968

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

As of July 21, 2026 the best value apartment in the Santa Teresa area is the $0.84 price per square foot B-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,799. The second greatest value Santa Teresa apartment is the 3 Bed, 2 Bath B (50% Income Restricted) ST III Model at Santa Teresa Terrace starting at $1,071 with a $0.99 price per square foot in the Valley Creek South 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 DuplexesB-5493BR,2.5BA$0.84
Santa Teresa Terrace3 Bed, 2 Bath B (50% Income Restricted) ST III3BR,2BA$0.99
Western ReddTwo Bedroom2BR,1BA$0.83
Villas at West Mountain- Income Restricted2 Bed 2 Bath2BR,2BA$1.02
Colores Del Sol2 Bed 1.5 Bath Townhome2BR,1.5BA$1.08
El Pavon ApartmentsCasita2BR,1BA$0.94
Desert PointeDesert Pionte1BR,1BA$1.00
Pine Valley Estates Apartments1 Bedroom 1 Bath1BR,1BA$1.32
Casa Barranca2x1 -7672BR,1BA$1.16
Waterford Apartments1/11BR,1BA$1.33

Where to Rent in El Paso: A Local's Guide to Apartments Near Major Universities

El Paso is affordable, friendly, and vibrant! Explore Downtown, Golden Hill, Mission Hills, and more to find your perfect apartment near campus.

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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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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 $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 $849 at El Pavon 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 Santa Teresa Terrace and starts from $1,071.

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 Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities article

Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities

Written by: Lori Rosario

El Paso is a uniquely charming city with a rich culture and history.

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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.

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

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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.