Turquesa
4700 Wagon Rd,
Santa Fe, NM 87507
$1,594 - $2,678 Total Monthly Price
1-3 Beds
Rental Market Trends in Santa Fe, NM
What is the average rent in Santa Fe, NM?
$1,695/month
Average Rent
702 Sq Ft
Average Apartment Size
-3.8%
Decrease in the Last Year
Santa Fe, NM Rental Market Overview
The average rent in Santa Fe, NM is $1,695 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Santa Fe rent prices are 3% higher than the national average.
- Studio apartments in Santa Fe average $1,159 per month.
- One-bedroom apartments in Santa Fe average $1,695 per month.
- Two-bedroom apartments in Santa Fe average $1,899 per month.
- Three-bedroom apartments in Santa Fe average $2,308 or more per month.
Data Updated: June, 2026
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 3.8%, which averages out to $64 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 2026
Legend
2025
2026
Rent Ranges in Santa Fe, NM
Last Updated June 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
18%
$1,001 - $1,500/month
47%
$1,501 - $2,000/month
22%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Santa Fe?
Based on current rent prices, Southwest Santa Fe is the most affordable neighborhood in Santa Fe.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Santa Fe?
Based on current rent prices, Southwest Santa Fe is the most expensive neighborhood in Santa Fe.
Neighborhood
Average Rent
Average Sq Ft
Which Santa Fe neighborhoods have the most rentals available?
The neighborhood in Santa Fe with the most apartments available is Southwest Santa Fe .
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 $1,695, you’ll want to make about $5,650 per month or $67,800 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.
Studio
$1,181/month
$1,181/month
One Bedroom
$1,715/month
$1,715/month
Two Bedroom
$1,969/month
$1,969/month
Three Bedroom
$2,386/month
$2,386/month
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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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.