Cheap Apartments for Rent in Santa Teresa, NM from $500 (46 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

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The Legends of El Paso
$1,380 - $2,570
Total Monthly Price

Total Monthly Price

Base Rent
$1,380 - $2,570
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Legends of El Paso

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

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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El Paso's Best Affordable Neighborhoods

Learn about El Paso and the best places to live with original content written by Local Expert Lori Rosario

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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 $793. El Pavon Apartments in the Coronado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $801. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crossroads Valley Apartments2-12BR,1BA$793
El Pavon ApartmentsVillita1BR,1BA$801
Desert Pointe1 Bedroom1BR,1BA$850
Casa Barranca2x1 -7672BR,1BA$890
Pear Tree Apartments1 Bed, 1 Bath A (80% Income Restricted)1BR,1BA$906
Indian Springs ApartmentsA11BR,1BA$908
Colores Del Sol2 Bed 1.5 Bath2BR,1BA$910
Waterford Apartments1/11BR,1BA$930
The Bartlett Apartment Homes1 Bedroom1BR,1BA$948
Redd Rd Village ApartmentApartment 1 Bd 1 Ba 1 Reserved Parking1BR,1BA$950

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

As of April 20, 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 Apartment 1 Bd 1 Ba 1 Reserved Parking Model at Redd Rd Village Apartment starting at $950 with a $0.79 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
Redd Rd Village ApartmentApartment 1 Bd 1 Ba 1 Reserved Parking1BR,1BA$0.79
The Retreat at Mesa HillsDurango - Premium Plus Upgrade2BR,2BA$1.27
Colores Del Sol2 Bed 2 Bath2BR,2BA$0.99
Foxglove ApartmentsQuiet Breeze2BR,2BA$1.13
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.29
Desert Pointe1 Bedroom1BR,1BA$1.00
Casa Barranca2x1 -7672BR,1BA$1.16
El Pavon ApartmentsVillita1BR,1BA$1.07
Crossroads Valley Apartments2-12BR,1BA$1.16

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick Rent Budget Calculator

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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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 $801 at El Pavon 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 $793 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 $1,207.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.