309 Mora Dr
Sunland ParkNM88063
Cheap Homes for Rent in Santa Teresa, NM from $1,400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Santa Teresa.
5732 Green Castle Rd
El PasoTX79932
6537 Hoop St
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.
161 Yellowlegs Ct
Santa TeresaNM88008
5729 Green Castle Rd
El PasoTX79932
5828 Megan St
Santa TeresaNM88008
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.
5940 Cadiz St
El PasoTX79912
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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 | $1,950 | $1,800 | $2,150 |
| Santa Teresa 3 Bedroom Homes for Rent | $2,010 | $1,400 | $3,100 |
| Santa Teresa 4 Bedroom Homes for Rent | $2,494 | $1,625 | $4,100 |
| Santa Teresa 5 Bedroom Homes for Rent | $2,711 | $2,100 | $4,000 |
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 Crossroads Valley Apartments in the Coronado neighborhood priced from $805. 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 |
|---|---|---|---|
| Crossroads Valley Apartments | 2-1 | 2BR,1BA | $805 |
| El Pavon Apartments | Casita | 2BR,1BA | $849 |
| Desert Pointe | 1 Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Santa Teresa, NM and Nearby
As of May 28, 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 3/1.5 Model at The Rosetta Apartment Homes starting at $1,200 with a $0.82 price per square foot in the South Belvidere 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 |
| The Rosetta Apartment Homes | 3/1.5 | 3BR,1.5BA | $0.82 |
| Foxglove Apartments | Blue Sky Washer/Dryer | 2BR,2BA | $1.14 |
| Nouveau Place Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.07 |
| El Pavon Apartments | Casita | 2BR,1BA | $0.94 |
| Waterford Apartments | 2/2 | 2BR,2BA | $1.24 |
| Desert Pointe | 1 Bedroom | 1BR,1BA | $1.00 |
| Vista Oeste | 2 Bedroom 1 Bath | 2BR,1BA | $1.29 |
| Casa Barranca | 2x1.5 - 779 | 2BR,1.5BA | $1.19 |
| Crossroads Valley Apartments | 2-1 | 2BR,1BA | $1.18 |
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 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Santa Teresa ranging from $1,400 to $4,100.
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 $1,400 to $4,100 with an average monthly rent of $2,291.
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 $1,400 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,625 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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.