Cheap Apartments For Rent in Santa Fe NM | Zillow (2024)

402 rentals available

  • Sierra Blanca Apartments | 2961 Galisteo Rd, Santa Fe, NM

    $1,100+ Studio

    10 available units

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    $1,100+Studio$1,400+1 bd$1,700+2 bd
  • Elevate at Oslo, 3470 Cerrillos Rd, Santa Fe, NM 87507

    $1,195+/mo

    • Studio
    • 1 ba
    • 325 sqft

    - Apartment for rent

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  • 15 Rocking Horse Rd #C, Santa Fe, NM 87506

    $1,300/mo

    • Studio
    • 1 ba
    • 550 sqft

    - Apartment for rent

    2 days agoApply instantly

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  • 2361 Brunn School Ln, Santa Fe, NM 87505

    $1,500/mo

    • Studio
    • 1 ba
    • 250 sqft

    - Apartment for rent

    16 days agoApply instantly

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  • San Miguel Court | 2027 Calle Lorca, Santa Fe, NM

    $1,600+ 1 bd

    3 available units

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    $1,600+1 bd$1,525+2 bd$1,700+3 bd
  • Talavera Apartment Homes | 4129 S Meadows Rd, Santa Fe, NM

    $1,549+ 1 bd

    15 available units

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    $1,549+1 bd$1,704+2 bd$2,079+3 bd
  • Vizcaya | 2500 Sawmill Rd, Santa Fe, NM

    $1,565+ 1 bd

    3D Tour26 available units

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    $1,565+1 bd$1,715+2 bd$2,850+3 bd
  • South Meadows | 2800 S Meadows Rd, Santa Fe, NM

    $1,581+ 1 bd

    3D Tour33 available units

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    $1,581+1 bd$1,859+2 bd$2,525+3 bd
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    • For Rent
    • New Mexico
    • Santa Fe County
    • Santa Fe
    CHEAP APARTMENTS IN SANTA FE NM

    Looking for a cheap apartment in Santa Fe NM? Act quickly; affordable apartments in Santa Fe NM exist but don’t stay on the market for long.

    When shopping for a cheap apartment, it’s important to establish your list of must-have features before beginning. Stay flexible during the rental shopping process as you may have to sacrifice certain amenities to meet your budget. You could find an apartment that fits your budget, but it might lack square footage. Or you might find an apartment in the perfect neighborhood, but may have to buy all of your appliances. Stay open-minded. Reflect on the features that matter most to compromise on an apartment without overspending.

    FINDING A CHEAP APARTMENT IN SANTA FE NM

    Hunting for a cheap apartment off-season may increase your chances to land a lease. Try to look for a new apartment in the winter months: December, January or February. You can find better deals on your unit in winter because supply is typically greater than demand and landlords advertise reduced rate apartment contracts to attract renters. As a renter in the off-season, you may be able to negotiate with your landlord and cut a deal. Landlords might offer to waive your monthly parking, provide a storage unit at no cost or include all your utilities in the monthly rent.

    Cheap apartments tend to be more competitive because no one wants to spend more than they have to on rent. Do your homework, prepare all the paperwork before going to the showings and be sure to make a professional first impression.

    Find What You're Looking for in an Apartment

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    Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. It is designed to be a starting point to help parents make baseline comparisons, not the only factor in selecting the right school for your family. Learn more

    Cheap Apartments For Rent in Santa Fe NM | Zillow (2024)

    FAQs

    Is it cheap to live in Santa Fe, New Mexico? ›

    Living in Santa Fe is relatively affordable, yet slightly more expensive than average. Percentage wise, the average cost of living in Santa Fe is 14% higher than the national average. Broken into its various categories, select aspects of living in Santa Fe are less expensive than the U.S. average.

    Why are houses so expensive in Santa Fe, NM? ›

    “There's demand in excess of supply, and at that point when housing prices are going up and demand is about supply, typically builders start building, and there is some of that going on,” she said.

    How much does it cost to live in Santa Fe NM compared to Los Angeles? ›

    The cost of living in Los Angeles, CA is 39.4% higher than in Santa Fe, NM. You would have to earn a salary of $83,610 to maintain your current standard of living. Employers in Los Angeles, CA typically pay 17.9% more than employeers in Santa Fe, NM.

    What salary do you need to live in Santa Fe? ›

    Living Wage Calculation for Santa Fe County, New Mexico
    1 ADULT2 ADULTS (1 WORKING)
    0 Children2 Children
    Living Wage$23.36$43.19
    Poverty Wage$7.24$15.00
    Minimum Wage$12.00$12.00

    Where is the cheapest place to live in New Mexico? ›

    If you're considering shifting to New Mexico, here are some cities that offer affordable living options:
    • Portales. Cost of Living Compared to National Average. ...
    • Deming. Cost of Living Compared to National Average. ...
    • Roswell. Cost of Living Compared to National Average. ...
    • Lovington. ...
    • Clovis. ...
    • Las Vegas. ...
    • Gallup.
    Jul 30, 2024

    What are the downsides of living in Santa Fe? ›

    Con: Harsh climate extremes

    Average highs in the summer months are over 80 degrees and Santa Fe gets about 40 inches of snow each winter. The high altitude of the city also contributes to lower oxygen levels, which may pose health concerns for individuals with respiratory issues.

    Is it cheaper to live in Albuquerque or Santa Fe? ›

    Albuquerque is a more affordable place to live compared to Santa Fe. Albuquerque has a Cost of Living Index that is 9.2% higher than the national average, whereas Santa Fe is 14% higher than the national average.

    What is the best neighborhood to live in Santa Fe? ›

    Explore our picks for the top Santa Fe neighborhoods.
    • La Tierra Nueva and Las Campanas — Exclusive, high-end gated communities.
    • South Capitol — Bustling and charming urban community.
    • Eldorado at Santa Fe — Highly desirable, family-friendly Santa Fe neighborhood.
    • Historic District — Vibrant hub of arts, culture, and history.

    Is it cheaper to live in Texas or New Mexico? ›

    Cost of Living

    New Mexico and Texas are both affordable places to live compared to the national average. However, cost of living is 5% higher in Texas, where larger cities and more expensive houses contribute to higher prices in almost every category.

    What is the living wage in Santa Fe NM? ›

    The updated Living Wage for Santa Fe will be $14.60 per hour as of March 1, 2024. The Living Wage is calculated based on the 12-month total increase of 4.05% in the Consumer Price Index (CPI) for the Western Region for Urban Wage Earners and Clerical Workers. The Living Wage for 2023 was $14.03 an hour.

    Is it cheaper to live in New Mexico or Colorado? ›

    The cost of living in Albuquerque, NM is -10.0% lower than in Colorado Springs, CO. You would have to earn a salary of $54,029 to maintain your current standard of living. Employers in Albuquerque, NM typically pay -5.5% less than employers in Colorado Springs, CO.

    How much money do you need to make to live comfortably in New Mexico? ›

    $29,100 is the 25th percentile. Salaries below this are outliers. $39,700 is the 75th percentile.

    Are property taxes high in Santa Fe New Mexico? ›

    If you want to live in New Mexico with low property taxes, Santa Fe County could be an excellent option. The county's average effective property tax rate being 0.64%, the tenth-highest in the state.

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