Turquesa
4700 Wagon Rd,
Santa Fe, NM 87507
1-3 Beds | $1,860 - $2,720
Rental Market Trends in Santa Fe, NM
What is the average rent in Santa Fe, NM?
$1,760/month
Average Rent
700 Sq Ft
Average Apartment Size
+1.3%
Increase in the Last Year
As of March 2025, the average rent in Santa Fe, NM is $1,760 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Santa Fe rent prices are 13% higher than the national average. When you rent an apartment in Santa Fe, you can expect to pay about $1,180 per month for a studio, $1,760 for a one-bedroom apartment, and around $1,928 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,377 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 increased by 1.3%, which averages out to $24 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Santa Fe, NM
Last Updated March 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
14%
$700 - $1,000/month
17%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
36%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Santa Fe?
Based on current rent prices, Santa Fe, Southwest Santa Fe and Downtown 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, Downtown Santa Fe, Southwest Santa Fe and Santa Fe 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, Santa Fe and Downtown 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 $1,760, you’ll want to make about $5,866 per month or $70,392 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
$1,136/month
$1,807/month
One Bedroom
$1,620/month
$2,262/month
Two Bedroom
$1,991/month
$1,265/month
Three Bedroom
$2,922/month
$1,428/month
Apartment communities in Santa Fe we think you'll love
Property Management Companies in Santa Fe, NM
Greystar
-
3,221
Communities
-
893,679
Units
-
827
Cities
6 Communities in Santa Fe
AMC
-
652
Communities
-
128,197
Units
-
261
Cities
5 Communities in Santa Fe
Northland
-
80
Communities
-
24,847
Units
-
43
Cities
2 Communities in Santa Fe
CSC Management
-
38
Communities
-
4,804
Units
-
12
Cities
2 Communities in Santa Fe
Monarch Properties, Inc.
-
25
Communities
-
2,837
Units
-
9
Cities
2 Communities in Santa Fe
FPI Management
-
615
Communities
-
105,593
Units
-
216
Cities
1 Community in Santa Fe
Bryten Real Estate Partners
-
119
Communities
-
28,380
Units
-
63
Cities
1 Community in Santa Fe
Pacifica Companies
-
80
Communities
-
12,957
Units
-
63
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 February 2025.
* Percentages may not total 100 due to rounding.