Santa Teresa Terrace
105 Comerciantes Blvd,
Santa Teresa, NM 88008
2-3 Beds | $1,419 - $2,302
Rental Market Trends in Santa Teresa, NM
What is the average rent in Santa Teresa, NM?
$930/month
Average Rent
740 Sq Ft
Average Apartment Size
-1.9%
Decrease in the Last Year
Santa Teresa, NM Rental Market Overview
The average rent in Santa Teresa, NM is $930 per month. This is 44% lower than the national average rent of $1,660/month, making renting in Santa Teresa more affordable than most cities in the US.
- Studio apartments in Santa Teresa average $786 per month.
- One-bedroom apartments in Santa Teresa average $930 per month.
- Two-bedroom apartments in Santa Teresa average $1,298 per month.
- Three-bedroom apartments in Santa Teresa average $1,177 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
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Average Sq Ft
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Average Sq Ft
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How much has average rent changed in Santa Teresa, NM?
In the past year, rent has decreased by 1.9%, which averages out to $17 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 July 2026
Legend
2025
2026
Rent Ranges in Santa Teresa, NM
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
100%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Santa Teresa, NM?
Because the average rent in Santa Teresa is $930, you’ll want to make about $3,100 per month or $37,200 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 Teresa, NM compare to other nearby cities and neighborhoods?
Use the tool below to compare Santa Teresa, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Santa Teresa?
The average rent in Santa Teresa is $930 per month, which is 44.0% lower than the national average of $1,660.
Are rents going up or down in Santa Teresa?
Rents in Santa Teresa, NM are decreasing, with prices down 1.9% year-over-year and $17 less per month.
What rent range is most common in Santa Teresa?
In Santa Teresa, NM, 100% of apartments fall between $1,001 - $1,500/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.