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Average Rent in Santa Fe, NM & Rent Trends

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.

Rent prices and market trends across 8 apartment communities in Santa Fe, NM. Prices update after successful source checks.

Area All Areas
Santa Fe 87501 87505 87506 87507
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Showing any bedrooms in Santa Fe, NM.

Market Average

$1,989/mo

▼ 2.7% from last month

Lowest Available

$1,095/mo

cheapest unit on market

Communities

8

tracked daily

Units Listed

88

available now

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

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 $2,824 ▲  $81 $2,257 1 9
Santa Fe 87507 $1,971 ▼  $594 $1,095 2 19
Santa Fe 87505 $1,887 ▼  $183 $1,229 4 44
Santa Fe 87501 $1,823 ▲  $26 $1,494 1 16

Is Rent Going Up or Down in Santa Fe, NM?

As of October 2026, the average rent in Santa Fe, NM is $1,989 per month across 8 apartment communities and 88 available units. Rents have decreased $55 (2.7%) over the past month.

The most affordable option is Elevate at Oslo starting at $1,095/mo. By unit type, a studio averages $1,384/mo, a 1-bedroom averages $1,685/mo, a 2-bedroom averages $2,120/mo, a 3-bedroom averages $2,381/mo.

Prices range from $1,095 to $3,059 per month. The most common price point is the $1,800 range, where 32 units are currently listed.

Santa Fe, NM Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
June 2026 $2,039 - 6
July 2026 $1,971 -$68 7
August 2026 $1,957 -$14 7
September 2026 $2,025 +$68 7
October 2026 $2,001 -$24 7

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Santa Fe, NM

Studio
$1,384
from $1,095 · 2 units
1 Bed
$1,685
from $1,229 · 30 units
2 Bed
$2,120
from $1,727 · 46 units
3 Bed
$2,381
from $1,881 · 9 units

Rent Prices by Apartment in Santa Fe, NM

Property Starting at Average Units Rating
Elevate at Oslo $1,095/mo $1,095/mo 1 4.5
Local 1896 $1,229/mo $1,602/mo 11 3.8
The Mica $1,494/mo $1,823/mo 16 3.8
Altitude at Vizcaya $1,595/mo $1,843/mo 6 3.8
Olympus de Santa Fe $1,663/mo $2,020/mo 18 4.4
Capitol Flats $1,673/mo $1,964/mo 9 4.5
Olympus Rodeo $1,747/mo $2,037/mo 18 4.4

Frequently Asked Questions About Rent in Santa Fe, NM

How many bedrooms are you looking for?

How many bedrooms are you looking for?

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Any bedrooms

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 rent range can I find in Santa Fe, NM?
The apartment listings we track in Santa Fe, NM range from $1,095 to $3,059 per month, as of October 22, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Santa Fe, NM?
The daily building-average rent rose by $107 (5.6%) over 30 days between observations in September 2026 and October 2026. This compares recorded asking rents. The current month's figures may still be incomplete, and the building mix can change.

How much is a studio apartment in Santa Fe, NM?
Studio apartments average $1,384 per month across 2 priced listings in Santa Fe, NM. Listed rents range from $1,095 to $1,673 per month, as of October 22, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Santa Fe, NM?
1-bedroom apartments average $1,685 per month across 30 priced listings in Santa Fe, NM. Listed rents range from $1,229 to $2,048 per month, as of October 22, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Santa Fe, NM?
2-bedroom apartments average $2,120 per month across 46 priced listings in Santa Fe, NM. Listed rents range from $1,727 to $3,059 per month, as of October 22, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 3-bedroom apartment in Santa Fe, NM?
3-bedroom apartments average $2,381 per month across 9 priced listings in Santa Fe, NM. Listed rents range from $1,881 to $2,778 per month, as of October 22, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Santa Fe, NM?
The 1-bedroom average is $1,685 per month across 30 listings. The 2-bedroom average is $2,120 across 46 listings, $435 (25.8%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Santa Fe, NM?
Elevate at Oslo has the lowest starting rent among the buildings in the comparison table, at $1,095 per month. We track 1 priced listing matching your bedroom choice in that building, as of October 22, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Santa Fe, NM?
The $1,800 to $2,000 monthly range has the most matching listings: 32 units, or 36.4% of the priced apartments we track in Santa Fe, NM. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Santa Fe, NM?
We track 88 priced units at 8 apartment buildings, as of October 22, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Santa Fe, NM?
We have recorded rent data on 100 days from June 2026 through October 2026 for apartment listings in Santa Fe, NM. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Santa Fe, NM?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ community. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Santa Fe, NM rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was October 22, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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.

Explore Santa Fe, NM Apartments

Browse all 8 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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.
New Mexico Rent Trends
Compare rent across all New Mexico cities
Explore Santa Fe, NM on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Santa Fe, NM rents stack up against the national median

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