Turquesa
4700 Wagon Rd,
Santa Fe, NM 87507
1-3 Beds | $1,628 - $2,890
Rental Market Trends in Santa Fe, NM
What is the average rent in Santa Fe, NM?
$1,738/month
Average Rent
701 Sq Ft
Average Apartment Size
-4.1%
Decrease in the Last Year
As of June 2025, the average rent in Santa Fe, NM is $1,738 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Santa Fe rent prices are 7% higher than the national average. When you rent an apartment in Santa Fe, you can expect to pay about $1,153 per month for a studio, $1,738 for a one-bedroom apartment, and around $1,945 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,335 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Santa Fe, NM?
In the past year, rent has decreased by 4.1%, which averages out to $71 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Santa Fe, NM
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
16%
$700 - $1,000/month
14%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
33%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Santa Fe?
Based on current rent prices, Villa San Miguel, Southwest Santa Fe and Acres Estates are the most affordable neighborhoods in Santa Fe.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Santa Fe?
Based on current rent prices, Acres Estates, Southwest Santa Fe and Villa San Miguel are the most expensive neighborhoods in Santa Fe.
Neighborhood
Average Rent
Average Sq Ft
Which Santa Fe neighborhoods have the most rentals available?
The neighborhoods in Santa Fe with the most apartments available are Southwest Santa Fe, Acres Estates and Villa San Miguel .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Santa Fe, NM?
Because the average rent in Santa Fe is $1,738, you’ll want to make about $5,793 per month or $69,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Santa Fe, NM compare to other nearby cities and neighborhoods?
Use the tool below to compare Santa Fe, NM to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Apartment communities in Santa Fe we think you'll love
Property Management Companies in Santa Fe, NM
Greystar
-
3,265
Communities
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907,877
Units
-
844
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6 Communities in Santa Fe
AMC
-
646
Communities
-
126,201
Units
-
258
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5 Communities in Santa Fe
Northland
-
81
Communities
-
25,063
Units
-
43
Cities
2 Communities in Santa Fe
Monarch Properties, Inc.
-
24
Communities
-
2,771
Units
-
9
Cities
2 Communities in Santa Fe
FPI Management
-
612
Communities
-
104,049
Units
-
218
Cities
1 Community in Santa Fe
Bryten Real Estate Partners
-
118
Communities
-
27,974
Units
-
67
Cities
1 Community in Santa Fe
Pacifica Companies
-
81
Communities
-
13,162
Units
-
63
Cities
1 Community in Santa Fe
Peak Capital Partners
-
61
Communities
-
10,960
Units
-
51
Cities
1 Community in Santa Fe
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.