Apartments for Rent in Santa Teresa, NM

Prices and availability in Santa Teresa, NM were last updated on 23 May 2026.

The best apartment in Santa Teresa, NM is: Desert Pointe Apartments.

The average rent in Santa Teresa, NM is $1,076.

The price range for a 1-bedroom apartment in Santa Teresa, NM is between $1,000 and $1,200.

The price range for a 2-bedroom apartment in Santa Teresa, NM is between $1,200 and $1,300.

In Santa Teresa 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. 14% of Santa Teresa's apartments are found in large buildings of 50 units or more, 81% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Santa Teresa are about 30 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Santa Teresa come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 8% of the total apartments in the city, while 2-bedroom floorplans represent around 54% of all rentals in Santa Teresa. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.