Cheap Homes for Rent in Santa Teresa, NM from $400 (6 Rentals)

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

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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 1 Bed unit found at Crossroads Valley Apartments in the Coronado neighborhood priced from $725. 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 Apartments1-11BR,1BA$725
Casa Barranca1x1 - 5701BR,1BA$800
Pear Tree ApartmentsStudio, 1 Bath (80% Income Restricted)Studio,1BA$806

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

As of June 18, 2025 the best value apartment in the Santa Teresa area is the $0.83 price per square foot A-549 Model at Belvidere Village Duplexes in the in the Coronado neighborhood starting from $1,775. The second greatest value Santa Teresa apartment is the Barcelona Model at El Pavon Apartments starting at $949 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 DuplexesA-5493BR,2.5BA$0.83
El Pavon ApartmentsBarcelona2BR,2BA$0.79
Villas at West Mountain3 Bed 2 Bath3BR,2BA$0.96
Desert Pointe1 Bedroom1BR,1BA$1.00
Vista Oeste2 Bedroom 1 Bath2BR,1BA$1.29
Foxglove ApartmentsSummer Sun1BR,1BA$1.21
Nouveau Place Apartments1 Bed 1 Bath1BR,1BA$1.17
Mesa Village ApartmentsThe Clovis2BR,1BA$1.30
The Rosetta Apartment Homes1/1.001BR,1BA$1.25
Colores Del Sol1 Bed 1 Bath1BR,1BA$1.27

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Frequently Asked Questions about Santa Teresa

What type of rentals are currently available in Santa Teresa?

There are currently 34 Apartments for Rent in Santa Teresa, NM with pricing that ranges from $508 to $2,650. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Teresa ranging from $495 to $4,500.

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 $495 to $4,500 with an average monthly rent of $1,598.

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 $733 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,197 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $828.

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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