Cheap Apartments for Rent in Tererro, NM from $700 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Tererro.

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.

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Local 1896
$1,341 - $1,969
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$1,341 - $1,969
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1 to 3 Bedroom Apartments Available Now

Local 1896

1896 Lorca DrSanta Fe, NM 87505
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South Meadows
Rent Specials
$1,471 - $2,616
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$1,471 - $2,616
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1 to 3 Bedroom Apartments Available Now

South Meadows

2800 S Meadows RdSanta Fe, NM 87507
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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.

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Turquesa
Rent Specials
$1,594 - $2,678
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$1,594 - $2,678
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1 to 3 Bedroom Apartments Available Now

Turquesa

4700 Wagon RdSanta Fe, NM 87507
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Allaso High Desert
Rent Specials
$1,638 - $2,904
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$1,638 - $2,904
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1 to 3 Bedroom Apartments Available Now

Allaso High Desert

6701 Tennyson St NEAlbuquerque, NM 87111
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Solwyn
Rent Specials
$1,644 - $2,679
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$1,644 - $2,679
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Solwyn

5520 Wellness WaySanta Fe, NM 87507
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The Mica
$1,680 - $2,514
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$1,680 - $2,514
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The Mica

825 Calle MejiaSanta Fe, NM 87501
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Madera Apartments
Rent Specials
$1,759 - $2,757
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$1,759 - $2,757
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$1,759 - $2,757
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Madera Apartments

2525 S Meadows RdSanta Fe, NM 87507
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Arcadia
Rent Specials
$1,820 - $2,962
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$1,820 - $2,962
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Arcadia

5300 Las Soleras DrSanta Fe, NM 87507
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Casa Loma Apartments
Studio to 3 Bedroom Apartments

Casa Loma Apartments

100 Rio Vista PlSanta Fe, NM 87501
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 941 Calle Mejia

$1,600 - $1,900

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941 Calle Mejia

Santa FeNM87501
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Tererro, NM Local Guide

Cheapest Available Tererro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Tererro, NM is a 2 Beds unit found at Cresta Ranch Apartments in the Tiempo Lindo neighborhood priced from $738. El Cerrito has the second lowest priced unit, which is a 2 Beds apartment currently listed from $749. Here is today’s list of the most affordable Tererro apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cresta Ranch ApartmentsTwo Bedroom - 30% AMI2BR,2BA$738
El Cerrito2 BR2BR,1BA$749
Myrtle Apartments - All Utilities IncludedStudioStudio,1BA$900
Casitas Del BellaEfficiency w/ stove topStudio,1BA$925
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1,096
Sierra Blanca Senior LivingStudioStudio,1BA$1,100
Vista Alegre ApartmentsStudio, 1 BathStudio,1BA$1,200
Elevate at OsloStudio - 325Studio,1BA$1,275
Dakota CanyonLa Casa A1BR,1BA$1,349
Evergreen Apartments1x1-B1BR,1BA$1,369

Best Value Apartments for Rent in Tererro, NM and Nearby

As of June 20, 2026 the best value apartment in the Tererro area is the $1.74 price per square foot 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,125. The second greatest value Tererro apartment is the 2x2ArT1 - 2X2 Renovated Model at Local 1896 starting at $1,915 with a $1.82 price per square foot in the Pueblos Del Sol neighborhood. Here is today’s list of the best values for Tererro apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR,2.5BA$1.74
Local 18962x2ArT1 - 2X2 Renovated2BR,2BA$1.82
The Bluffs at Tierra Contenta2 Bedroom 2 Bathroom2BR,2BA$1.67
Allegro at Tanoan2 Bedroom 2 Bath2BR,2BA$1.70
El Cerrito2 BR2BR,1BA$0.77
Allaso High DesertTA11BR,1BA$2.00
Artista3x23BR,2BA$1.84
Coronado Townhomes2x22BR,2BA$1.96
Evergreen Apartments1x1-B1BR,1BA$2.03
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.89

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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Tererro Apartments

What is the Cheapest Studio apartment in Tererro?

Currently the most affordable Cheap Studio Apartment in Tererro is at Myrtle Apartments - All Utilities Included listed at $900.

How much is rent for a Cheap One Bedroom Tererro Apartment?

The lowest price for a Cheap One Bedroom Tererro Apartment is $1,096 at Casa de Encantada Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Tererro Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Tererro is starting from $738 at Cresta Ranch Apartments.

What is the most affordable Tererro Three Bedroom Apartment?

The best deal on a cheap Tererro Three Bedroom Apartment rental is at Cresta Ranch Apartments and starts from $853.

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

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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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.