Cheap Apartments for Rent in Santa Teresa, NM from $700 (24 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 1 Bed unit found at Villas at West Mountain- Income Restricted in the Coronado neighborhood priced from $812. Pear Tree Apartments in the Redd Mulberry neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $832. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$812
Pear Tree ApartmentsStudio, 1 Bath (80% Income Restricted)Studio,1BA$832
Indian Springs ApartmentsA21BR,1BA$839
Colores Del Sol1 Bed 1 Bath1BR,1BA$850
Desert Pointe1 Bedroom1BR,1BA$850

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

As of September 20, 2025 the best value apartment in the Santa Teresa area is the $0.79 price per square foot Barcelona Model at El Pavon Apartments in the in the Coronado neighborhood starting from $949. The second greatest value Santa Teresa apartment is the 2 Bedroom 1 Bath Model at Pine Valley Estates Apartments starting at $1,045 with a $1.01 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.
El Pavon ApartmentsBarcelona2BR,2BA$0.79
Pine Valley Estates Apartments2 Bedroom 1 Bath2BR,1BA$1.01
Arterra At Alto Rey Apartments2BR/1.5BA Townhome2BR,1.5BA$1.13
Desert Pointe1 Bedroom1BR,1BA$1.00
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.29
Casa Barranca2x2 - 8452BR,2BA$1.06
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$1.03
The Rosetta Apartment Homes1/1.001BR,1BA$1.25
Waterford Apartments1/11BR,1BA$1.29
Colores Del Sol1 Bed 1 Bath1BR,1BA$1.27

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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 $812 at Villas at West Mountain- Income Restricted.

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 $895 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 Santa Teresa Terrace and starts from $993.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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