Cheap Homes for Rent in Santa Teresa, NM from $1,447 (14 Rentals)

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

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

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

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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

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

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Frequently Asked Questions about Santa Teresa

What type of rentals are currently available in Santa Teresa?

There are currently 37 Apartments for Rent in Santa Teresa, NM with pricing that ranges from $551 to $3,962. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Teresa ranging from $1,447 to $4,250.

What is the current price range for Rental Homes in Santa Teresa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Santa Teresa ranges from $1,447 to $4,250 with an average monthly rent of $2,198.

How much are larger Three and Four Bedroom Rentals in Santa Teresa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Santa Teresa range from $796 to $3,962, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,447 to $4,250. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $899.

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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Rent According to Income: A Look at Income-Restricted Rentals

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

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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.