Apartments for Rent in Santa Teresa, NM

Prices and availability in Santa Teresa, NM were last updated on 15 Oct 2026.

The best apartment in Santa Teresa, NM is: 130 Meadow Vista Blvd.

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

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 average age of rental buildings in Santa Teresa is 30 years old, with none being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Santa Teresa are around 4% of rentals, while 1-bedroom floor plans represent 8% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 54% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.