Turquesa
4700 Wagon Rd,
Santa Fe, NM 87507
1-3 Beds | $1,594 - $2,718
Rental Market Trends in Santa Fe, NM
Updated July 2026
The average rent in Santa Fe, NM is $1,657/month.
Rent in Santa Fe is roughly equal to the national average rent of of $1,663/month.
$1,657/month
Average Rent
698 Sq Ft
Average Size
-1.8%
Change / Year
973
Available Apartments
Santa Fe rent varies by unit size and layout:
- Studio apartments in Santa Fe average $1,137 per month.
- One-bedroom apartments in Santa Fe average $1,657 per month.
- Two-bedroom apartments in Santa Fe average $1,901 per month.
- Three-bedroom apartments in Santa Fe average $2,314 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Santa Fe, NM?
In the past year, rent has decreased by 1.8%, which averages out to $29 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Santa Fe, NM
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
13%
$700 - $1,000/month
17%
$1,001 - $1,500/month
46%
$1,501 - $2,000/month
24%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Santa Fe?
Based on current rent prices, Casa del Cerro and Southwest Santa Fe" 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, Southwest Santa Fe and Casa del Cerro" 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 and Casa del Cerro" .
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 $1,657, you’ll want to make about $5,523 per month or $66,276 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.
View the Santa Fe Area GuideStudio
-
$1,134/month
One Bedroom
-
$1,676/month
Two Bedroom
-
$1,978/month
Three Bedroom
-
$2,368/month
Apartment Communities in Santa Fe We Think You'll Love
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Frequently Asked Questions
What is the average rent in Santa Fe?
The average rent in Santa Fe is $1,657 per month, which is 0.4% lower than the national average of $1,663.
What is the average rent for a house in Santa Fe?
The average rent for a house in Santa Fe, NM is $3,965 per month.
Are rents going up or down in Santa Fe?
Rents in Santa Fe, NM are decreasing, with prices down 1.8% year-over-year and $29 less per month.
What rent range is most common in Santa Fe?
In Santa Fe, NM, 46% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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.