Santa Fe, NM Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Santa Fe is $1,821, a 1.91% decrease compared to the previous year, when the average rent was $1,857.
Studio Apartments at $1,162 offer the most budget-friendly option with 465 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 694 square feet for $1,713, balancing privacy and affordability.
Two-beedroom units at $1,961 offer 974 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,224 sq ft) for $2,322, suitable for larger households.
Average rent in Santa Fe, NM
Last updated: November 18, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,821 | 840 sq. ft. |
| Studio | $1,162 | 465 sq. ft. |
| 1 Bed | $1,713 | 694 sq. ft. |
| 2 Beds | $1,961 | 974 sq. ft. |
| 3 Beds | $2,322 | 1,224 sq. ft. |
Santa Fe, NM rent trends
Rental prices in Santa Fe, NM have decreased by 1.91% over the past year. The average rent moved from $1,857 to $1,821.
What's the typical rent budget in Santa Fe, NM?
The largest share of rentals in Santa Fe, NM (53%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Santa Fe, NM?
15,140 or 37% of the households in Santa Fe, NM are renter-occupied while 25,561 or 63% are owner-occupied.
Most affordable neighborhoods in Santa Fe?
Villa San Francisco $1,782/month
Stearns $2,079/month
Villa Sonata $2,200/month
All of these neighborhoods fall below the city wide average of $1,821/month.Average Rent in Santa Fe, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Villa Sonata | $2,200 |
| Stearns | $2,079 |
| Villa San Francisco | $1,782 |
/
Santa Fe | Rent Comparison by Neighborhood
Rent in Stearns is 17% higher than in Villa San Francisco
$2,079
Stearns rent is 14% higher than Santa Fe average
Average Rent
$2,079
$1,782
Villa San Francisco rent is 2% lower than Santa Fe average
Average Rent
$1,782
How Santa Fe Compares to Other Cities
| City | Average Rent |
|---|---|
| Santa Fe | $1,821 |
| Albuquerque | $1,380 |
| Las Cruces | $1,248 |
| Rio Rancho | $1,561 |
| Los Alamos | $1,992 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Santa Fe apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.