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.

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.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

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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Showing Results 1-26, 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 Crossroads Valley Apartments in the Coronado neighborhood priced from $725. 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
Crossroads Valley Apartments1-11BR,1BA$725
El Pavon ApartmentsCasita2BR,1BA$849
The Retreat at Mesa HillsPecos - Deluxe Upgrade1BR,1BA$850
Colores Del Sol1 Bed 1 Bath1BR,1BA$850
Arterra At Alto Rey Apartments1BR/1BA1BR,1BA$850
Desert Pointe1 Bedroom1BR,1BA$850
Redd Rd Village ApartmentApartment 1 Bd 1 Ba 2 Reserved Parking1BR,1BA$875
Mesa Village ApartmentsThe Mesa Verde-Mesa Village1BR,1BA$892
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$900
Waterford Apartments1/11BR,1BA$905

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

As of November 24, 2025 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 Model at Villas at West Mountain- Income Restricted starting at $1,114 with a $0.96 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 DuplexesB-5493BR,2.5BA$0.84
Villas at West Mountain- Income Restricted3 Bed 2 Bath3BR,2BA$0.96
Pine Valley Estates Apartments2 Bedroom 1 Bath2BR,1BA$1.01
Indian Springs ApartmentsB22BR,2BA$1.20
El Pavon ApartmentsCasita2BR,1BA$0.94
Desert Pointe1 Bedroom1BR,1BA$1.00
Casa Barranca2x1.5 - 7792BR,1.5BA$1.19
Pear Tree Apartments1 Bed, 1 Bath1BR,1BA$1.22
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$1.17
Colores Del Sol1 Bed 1 Bath1BR,1BA$1.27

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 $725 at Crossroads Valley 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 $825 at Crossroads Valley 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 $993.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.