216 Cutlass Dr
El PasoTX79932
Cheap Homes for Rent near Santa Teresa, NM from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Teresa.
6405 Salas Ln
El PasoTX79932
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.
326 Coates Dr
El PasoTX79932
6524 Hoop St
El PasoTX79932
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
5862 Oleaster Dr
El PasoTX79932
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Santa Teresa, NM Local Guide
Main street in Santa Teresa by Wiki User: B575 is licensed under CC BY-SA 3.0
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 | $1,616 | $1,250 | $2,100 |
| Santa Teresa 3 Bedroom Homes for Rent | $2,194 | $1,375 | $3,600 |
| Santa Teresa 4 Bedroom Homes for Rent | $2,324 | $1,797 | $3,299 |
| Santa Teresa 5 Bedroom Homes for Rent | $2,680 | $2,550 | $3,050 |
Browse Top Homes for Rent in Santa Teresa
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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 Casa Barranca in the Redd Mulberry neighborhood priced from $845. El Pavon Apartments in the Coronado neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. Here is today’s list of the most affordable Santa Teresa apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casa Barranca | 2x1.5 - 779 | 2BR,1BA | $845 |
| El Pavon Apartments | Casita | 2BR,1BA | $849 |
| Desert Pointe | Desert Pionte | 1BR,1BA | $850 |
Best Value Apartments for Rent in Santa Teresa, NM and Nearby
As of July 13, 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 2 Bed, 1 Bath B (80% Income Restricted) Model at Pear Tree Apartments starting at $1,195 with a $1.02 price per square foot in the Redd Mulberry 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 |
| Pear Tree Apartments | 2 Bed, 1 Bath B (80% Income Restricted) | 2BR,1BA | $1.02 |
| Western Redd | Two Bedroom | 2BR,1BA | $0.83 |
| Colores Del Sol | 2 Bed 1.5 Bath Townhome | 2BR,1.5BA | $1.08 |
| The Retreat at Mesa Hills | De Leon - Deluxe Upgrade | 2BR,1BA | $1.29 |
| El Pavon Apartments | Casita | 2BR,1BA | $0.94 |
| Desert Pointe | Desert Pionte | 1BR,1BA | $1.00 |
| Pine Valley Estates Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.32 |
| Casa Barranca | 2x1 -767 | 2BR,1BA | $1.16 |
| Santa Teresa Terrace | 2 Bed, 1 Bath B (50% Income Restricted) ST II | 2BR,1BA | $1.25 |
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 Article
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.
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.
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Best Local Schools in Santa Teresa, NM
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Santa Teresa, NM Rentals by Map
See the most popular apartments and homes in Santa Teresa, NM
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 $551 to $11,111. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Teresa ranging from $1,250 to $3,600.
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 $1,250 to $3,600 with an average monthly rent of $2,203.
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 $11,111, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,797 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
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.