Cheap Homes for Rent in Santa Teresa, NM from $1,200 (19 Rentals)

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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 Casa Barranca in the Redd Mulberry neighborhood priced from $810. Villas at West Mountain- Income Restricted in the Coronado neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $812. Here is today’s list of the most affordable Santa Teresa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa Barranca2x1 -7672BR,1BA$810
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$812
Crossroads Valley Apartments2-12BR,1BA$825
Pear Tree ApartmentsStudio, 1 Bath (80% Income Restricted)Studio,1BA$832
Indian Springs ApartmentsA21BR,1BA$839

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

As of September 16, 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
Villas at West Mountain- Income Restricted1 Bed 1 Bath1BR,1BA$1.03
Casa Barranca2x1.5 - 7792BR,1.5BA$1.08
The Rosetta Apartment Homes1/1.001BR,1BA$1.25
Waterford Apartments1/11BR,1BA$1.29
Crossroads Valley Apartments2-12BR,1BA$1.21
Colores Del Sol1 Bed 1 Bath1BR,1BA$1.27

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Santa Teresa, NM

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Frequently Asked Questions about Santa Teresa

What type of rentals are currently available in Santa Teresa?

There are currently 35 Apartments for Rent in Santa Teresa, NM with pricing that ranges from $715 to $4,098. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Teresa ranging from $1,247 to $3,500.

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 $1,247 to $3,500 with an average monthly rent of $1,757.

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 $993 to $4,098, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,675 and Four Bedroom Apartments start at $1,205.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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