Last updated
Average Rent in Santa Fe, NM & Rent Trends
Rent prices and market trends across 8 apartment communities in Santa Fe, NM. Updated daily.
Market Average
$2,064/mo
▼ 13% from last month
Lowest Available
$1,211/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
107
available now
Price Cuts This Week in Santa Fe, NM
12 listed units across 2 buildings in Santa Fe, NM dropped their asking rent in the past 7 days, an average cut of $96/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Local 1896 | Unit 034 | $1,882 | $1,741 | $141 |
| Local 1896 | Unit 072 | $1,748 | $1,609 | $139 |
| Local 1896 | Unit 138 | $1,786 | $1,648 | $138 |
| Local 1896 | Unit 149 | $1,786 | $1,648 | $138 |
| Local 1896 | Unit 001 | $1,699 | $1,562 | $137 |
| Local 1896 | Unit 065 | $1,699 | $1,562 | $137 |
| Local 1896 | Unit 070 | $1,717 | $1,580 | $137 |
| The Mica | Unit 1222, The Pinon | $2,207 | $2,091 | $116 |
Rent by Neighborhood in Santa Fe, NM
Compare average rent across Santa Fe, NM neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Santa Fe 87506 | $2,638 | - | $2,343 | 1 | 29 |
| Santa Fe 87501 | $1,920 | - | $1,575 | 1 | 13 |
| Santa Fe 87507 | $1,893 | - | $1,250 | 2 | 17 |
| Santa Fe 87505 | $1,816 | - | $1,211 | 4 | 48 |
Is Rent Going Up or Down in Santa Fe, NM?
As of July 2026, the average rent in Santa Fe, NM is $2,064 per month across 8 apartment communities and 107 available units. Rents have decreased $275 (13%) over the past month.
The most affordable option is Local 1896 starting at $1,211/mo. By unit type, a studio averages $1,645/mo, a 1-bedroom averages $1,600/mo, a 2-bedroom averages $2,270/mo, a 3-bedroom averages $2,244/mo.
Prices range from $1,211 to $3,059 per month. The most common price point is the $1,600 range, where 22 units are currently listed.
Santa Fe, NM Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $2,119 | - | 7 |
| July 2026 | $1,982 | -$137 | 8 |
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Santa Fe, NM
Rent Prices by Apartment in Santa Fe, NM
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Local 1896 | $1,211/mo | $1,502/mo | 16 | 3.8 |
| Valdez and Associates | $1,250/mo | $1,610/mo | 5 | 3.4 |
| Olympus de Santa Fe | $1,549/mo | $2,011/mo | 12 | 4.4 |
| The Mica | $1,575/mo | $1,920/mo | 13 | 3.8 |
| Capitol Flats | $1,608/mo | $1,908/mo | 12 | 4.5 |
| Altitude at Vizcaya | $1,670/mo | $1,891/mo | 8 | 3.8 |
| Olympus Rodeo | $1,731/mo | $2,094/mo | 12 | 4.4 |
Frequently Asked Questions About Rent in Santa Fe, NM
What is the average rent in Santa Fe, NM?
Is rent going up or down in Santa Fe, NM?
What is the cheapest apartment in Santa Fe, NM?
How much is a 1-bedroom apartment in Santa Fe, NM?
How many apartments are available in Santa Fe, NM?
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
$83,000/year
Based on the 30 percent rule, using our tracked average rent of $2,064/mo.
Comfortable income
$99,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,211/mo), you need to earn at least $48,000/year.
Cost of living in Santa Fe, NM
We only have live rent data for Santa Fe, NM so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,064 |
| Estimated total | $2,064/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
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
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
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 are refreshed annually.
Google Search Trends for Santa Fe, NM Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Santa Fe, NM Apartments
Browse all 8 communities with daily-updated pricing and availability.