Average Rent in Santa Fe, NM
What is the average rent in Santa Fe, NM?
The average listed apartment rent in Santa Fe, NM is $1,989 per month, as of October 22, 2026. This sample includes 88 priced apartments in 8 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from October 17, 2026 through October 22, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
8 apartment buildings, 88 units. Recorded asking prices and price history where available.
Browse apartments in Santa Fe, NMAvg Rent
$1,989/mo
median $1,869
market average
Cheapest
$1,095/mo
Elevate at Oslo
Properties
8
tracked daily
Units
88
available now
Santa Fe, NM Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 8 properties in Santa Fe, NM.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Santa Fe, NM Rent Prices
All 8 properties ranked by lowest available rent.
Elevate at Oslo
3470 Cerrillos Rd, Santa Fe, NM 87507, USA
Local 1896
1896 Lorca Dr, Santa Fe, NM 87505, USA
The Mica
825 Calle Mejia, Santa Fe, NM 87501, USA
Altitude at Vizcaya
2491 Sawmill Rd, Santa Fe, NM 87505, USA
Olympus de Santa Fe
955 Richards Ave, Santa Fe, NM 87507, USA
Capitol Flats
950 W Cordova Rd, Santa Fe, NM 87505, USA
Olympus Rodeo
1475 Rodeo Rd, Santa Fe, NM 87505, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Elevate at Oslo 3470 Cerrillos Rd, Santa Fe, NM 87507, USA | $1,095 | $1,095 | $3.37/ft² | 4.5 (26) | 1 |
| 2 | Local 1896 1896 Lorca Dr, Santa Fe, NM 87505, USA | $1,229 | $1,602 | $1.83/ft² | 3.8 (94) | 11 |
| 3 | The Mica 825 Calle Mejia, Santa Fe, NM 87501, USA | $1,494 | $1,823 | $1.82/ft² | 3.8 (111) | 16 |
| 4 | Altitude at Vizcaya 2491 Sawmill Rd, Santa Fe, NM 87505, USA | $1,595 | $1,843 | $2.33/ft² | 3.8 (33) | 6 |
| 5 | Olympus de Santa Fe 955 Richards Ave, Santa Fe, NM 87507, USA | $1,663 | $2,020 | $2.01/ft² | 4.4 (179) | 18 |
| 6 | Capitol Flats 950 W Cordova Rd, Santa Fe, NM 87505, USA | $1,673 | $1,964 | $2.83/ft² | 4.5 (91) | 9 |
| 7 | Olympus Rodeo 1475 Rodeo Rd, Santa Fe, NM 87505, USA | $1,747 | $2,037 | $2.08/ft² | 4.4 (134) | 18 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Elevate at Oslo
4.5 (26)3470 Cerrillos Rd, Santa Fe, NM 87507, USA
Local 1896
3.8 (94)1896 Lorca Dr, Santa Fe, NM 87505, USA
The Mica
3.8 (111)825 Calle Mejia, Santa Fe, NM 87501, USA
Altitude at Vizcaya
3.8 (33)2491 Sawmill Rd, Santa Fe, NM 87505, USA
Olympus de Santa Fe
4.4 (179)955 Richards Ave, Santa Fe, NM 87507, USA
Capitol Flats
4.5 (91)950 W Cordova Rd, Santa Fe, NM 87505, USA
By Area
Santa Fe, NM neighborhoods
Tracked buildings across 4 named neighborhoods. Pick one to see its apartments.
Santa Fe, NM Average Rent Prices 2026
The average listed rent in Santa Fe, NM is $1,989 per month, based on 88 units across 8 apartment communities. Prices range from $1,095 at Elevate at Oslo to $3,059 at Zocalo.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,384/mo | $1,095/mo | 2 |
| 1 Bed | $1,685/mo | $1,229/mo | 30 |
| 2 Bed | $2,120/mo | $1,727/mo | 46 |
| 3 Bed | $2,381/mo | $1,881/mo | 9 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Santa Fe, NM, and what they pay
Tracked one-bedroom rent in Santa Fe, NM averages $1,685/mo, with two-bedroom units averaging $2,120/mo. At the local median household income of $70,110, that works out to 34% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Santa Fe, NM at $1,380/mo. The current tracked market average runs 44% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Santa Fe, NM while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Santa Fe, NM?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$80,000/year
Based on the 30 percent rule, using our tracked average rent of $1,989/mo.
Comfortable income
$95,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,095/mo), you need to earn at least $44,000/year.
Median household income in Santa Fe, NM is $70,110 , about 27% below the comfortable-living threshold.
Cost of living in Santa Fe, NM
Overall prices in Santa Fe, NM runs below the national average by about 6% (BEA Regional Price Parity index 94.1, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Santa Fe, NM's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,989 |
| Utilities | $391 |
| Groceries | $526 |
| Transportation | $931 |
| Healthcare | $454 |
| Other goods and services | $727 |
| Estimated total | $5,017/mo |
Population
88,224
Median household income
$70,110
Census median rent
$1,380/mo
Census rent burden
29.9%
Median age
46.4
Mean commute
20 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in New Mexico
How Santa Fe, NM rent compares to other markets in the state.
| City | Avg Rent | vs Santa Fe, NM | 30-Day Change | Properties |
|---|---|---|---|---|
| Albuquerque, NM | $8,258 | +315% | -4.3% | 169 |
| Rio Rancho, NM | $1,499 | -25% | -5.8% | 10 |
| Las Cruces, NM | $1,477 | -26% | +6.3% | 7 |
Frequently asked questions
What is the average rent in Santa Fe, NM?
The average listed apartment rent in Santa Fe, NM is $1,989 per month, as of October 22, 2026. This sample includes 88 priced apartments in 8 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Santa Fe, NM?
The median asking rent in Santa Fe, NM is $1,869 per month, computed from 88 priced listings; check the observation dates shown on this page. The average is $1,989/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Santa Fe, NM?
The lowest available rent in Santa Fe, NM starts at $1,095 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Santa Fe, NM?
1-bedroom apartments in Santa Fe, NM average $1,685/mo. The lowest listed 1-bedroom starts at $1,229/mo across 30 units tracked.
How much is a 2-bedroom apartment in Santa Fe, NM?
2-bedroom apartments in Santa Fe, NM average $2,120/mo. Units start from $1,727/mo across 46 units currently listed.
Rent Trends in Santa Fe, NM
Track how apartment prices are changing over time.
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