
Cheap Homes for Rent in Santa Teresa, NM from $1,447 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Teresa.


3021 NM-28

8696 Pilgrimage Cir

5647 Cory Dr

7732 Maple Landing Court

6340 Modesta St

5649 Cory Dr
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

857 Blue Park Ave

7721 Waterhouse Dr

1103 Brass Hl Ave

6105 Pecan Park Pl

808 Merriman Dr

806 Elsa Ct

7673 Paiute Way
Rent According to Income: A Look at Income-Restricted Rentals
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Santa Teresa, NM Local Guide

How much does it cost to rent a home in Santa Teresa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Santa Teresa 2 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
| Santa Teresa 3 Bedroom Homes for Rent | $2,138 | $1,447 | $4,250 |
| Santa Teresa 4 Bedroom Homes for Rent | $2,265 | $1,900 | $2,950 |
| Santa Teresa 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
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Santa Teresa, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crossroads Valley Apartments | 2-1 | 2BR,1BA | $788 |
| Casa Barranca | 1x1 - 570 | 1BR,1BA | $800 |
| Desert Pointe | Flat | 2BR,2BA | $830 |
| El Pavon Apartments | Casita | 2BR,1BA | $849 |
| Villas at West Mountain- Income Restricted | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Belvidere Village Duplexes | B-549 | 3BR,2.5BA | $0.84 |
| El Pavon Apartments | Casita | 2BR,1BA | $0.94 |
| Vista Oeste | 1 Bedroom 1 Bath | 1BR,1BA | $1.15 |
| Desert Pointe | Flat | 2BR,2BA | $0.98 |
| 116 Bauxite Ave | Freshly painted home | 2BR,1BA | $1.34 |
| Villas at West Mountain- Income Restricted | 1 Bed 1 Bath | 1BR,1BA | $1.08 |
| Pine Valley Estates Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.32 |
| Mesa Village Apartments | The Mesa Verde-Mesa Village | 1BR,1BA | $1.29 |
| Crossroads Valley Apartments | 2-1 | 2BR,1BA | $1.16 |
| Casa Barranca | 1x1 - 570 | 1BR,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.
Read ArticleDon'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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Santa Teresa, NM
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Santa Teresa, NM Rentals by Map
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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

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.

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.

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.

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.