Cheap Apartments for Rent in Santa Teresa, NM from $500 (43 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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 Legends of El Paso
$1,420 - $2,706
Total Monthly Price

Total Monthly Price

Base Rent
$1,420 - $2,706
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 26

The Legends of El Paso

200 Desert Pass StEl Paso, TX 79912
Corporate Housing
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  • Utilities Included

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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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 1-43, 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 2 Beds unit found at Casa Barranca in the Redd Mulberry neighborhood priced from $845. 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
Casa Barranca2x1.5 - 7792BR,1BA$845
El Pavon ApartmentsCasita2BR,1BA$849
Desert Pointe1 Bedroom1BR,1BA$850
Colores Del Sol1 Bed 1 Bath1BR,1BA$850
Crossroads Valley Apartments2-12BR,1BA$908
Vista Oeste1 Bedroom 1 Bath1BR,1BA$980
Indian Springs ApartmentsA31BR,1BA$998
Nouveau Place Apartments2 Bed 1 Bath2BR,1BA$1,000
Pine Valley Estates Apartments1 Bedroom 1 Bath1BR,1BA$1,015
Arterra At Alto Rey Apartments2BR/1BA2BR,1BA$1,030

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

As of June 06, 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 Granada - Exclusive Gated Phase; Premium Plus Model at The Retreat at Mesa Hills starting at $1,970 with a $1.17 price per square foot in the Redd Mulberry 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
The Retreat at Mesa HillsGranada - Exclusive Gated Phase; Premium Plus3BR,2.5BA$1.17
The Rosetta Apartment Homes3/1.53BR,1.5BA$0.82
Foxglove ApartmentsBlue Sky Washer/Dryer2BR,2BA$1.14
Nouveau Place Apartments2 Bed 1 Bath2BR,1BA$1.07
El Pavon ApartmentsCasita2BR,1BA$0.94
Desert Pointe1 Bedroom1BR,1BA$1.00
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.29
Casa Barranca2x1 -7672BR,1BA$1.16
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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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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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $850 at Desert Pointe.

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 $845 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

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 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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.