Apartments for Rent in Santa Teresa, NM

Prices and availability in Santa Teresa, NM were last updated on 5 Nov 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.

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.