Cheap Apartments for Rent in Santa Teresa, NM from $551 (52 Rentals)

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

property at 857 Blue Park Ave
$1,850

Total Monthly Price

Base Rent$1,850
Total Monthly Price$1,850
4 Bedroom, 3 Bath Home for Rent
Available Now

857 Blue Park Ave

Santa TeresaNM88008

El Paso's Best Affordable Neighborhoods

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The Legends of El Paso
$1,511 - $3,171

Total Monthly Price

Base Rent$1,511 - $3,171
Total Monthly PriceVaries
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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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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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 Crossroads Valley Apartments in the Coronado neighborhood priced from $788. Casa Barranca in the Redd Mulberry neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crossroads Valley Apartments2-12BR,1BA$788
Casa Barranca1x1 - 5701BR,1BA$800
Desert PointeFlat2BR,2BA$830
El Pavon ApartmentsCasita2BR,1BA$849
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$850
Pear Tree Apartments1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$861
Mesa Village ApartmentsThe Mesa Verde-Mesa Village1BR,1BA$905
Indian Springs ApartmentsA21BR,1BA$940
Arterra At Alto Rey Apartments1BR/1BA1BR,1BA$945
Vista Oeste1 Bedroom 1 Bath1BR,1BA$980

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

As of September 05, 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 Casita Model at El Pavon Apartments starting at $849 with a $0.94 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
El Pavon ApartmentsCasita2BR,1BA$0.94
Vista Oeste1 Bedroom 1 Bath1BR,1BA$1.15
Desert PointeFlat2BR,2BA$0.98
116 Bauxite AveFreshly painted home2BR,1BA$1.34
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$1.08
Pine Valley Estates Apartments1 Bedroom 1 Bath1BR,1BA$1.32
Mesa Village ApartmentsThe Mesa Verde-Mesa Village1BR,1BA$1.29
Crossroads Valley Apartments2-12BR,1BA$1.16
Casa Barranca1x1 - 5701BR,1BA$1.40

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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Best Local Schools in
Santa Teresa, NM

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $800 at Casa Barranca.

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 $788 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 Western Redd and starts from $1,050.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.