Santa Fe, NM Rental Market Trends
Highlights
The average rent for an apartment in Santa Fe is $1,249, a 6% increase compared to the previous year, when the average rent was $1,177.
Average Rent in Santa Fe, NM
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,249 | 6% | 802 sq. ft. |
The average size for a Santa Fe, NM apartment is 802 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Santa Fe, NM Apartment Rent Ranges
- $501-$7003%
- $701-$1,00022%
- $1,001-$1,50051%
- $1,501-$2,00021%
- > $2,0002%
Santa Fe, NM Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
16,171 or 45% of the households in Santa Fe, NM are renter-occupied while 19,422 or 54% are owner-occupied.
Santa Fe, NM Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Santa Fe, NM | $1,014 | $1,000 | $1,043 | $1,049 | $1,048 | $1,147 | $1,177 | $1,197 | $1,246 | $1,249 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Santa Fe, NM By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Zia | $1,157 |
| Wilderness Gate | $1,157 |
| Vista de Piedras | $1,157 |
| Village | $1,157 |
| Villa San Miguel | $1,157 |
| Villa San Francisco | $1,157 |
| Villa Caballero | $1,157 |
| Thomas Heights | $1,157 |
| Sun Mountain Estates | $1,157 |
| South Ridge | $1,157 |
| Sol Y Lomas | $1,157 |
| San Acacio | $1,157 |
| Ridgeview | $1,157 |
| Quail Run | $1,157 |
| Pueblo Alegre | $1,157 |
| Plazas at Pecos Trail | $1,157 |
| Plaza del Sur | $1,157 |
| Plaza Bonita | $1,157 |
| Perez | $1,157 |
| Pacheco | $1,157 |
| Overlook | $1,157 |
| Old Santa Fe Trail | $1,157 |
| Old Pecos Trail | $1,157 |
| Museum Hill Estates | $1,157 |
| Moon Mountain Estates | $1,157 |
| Monte de las Piedras Rosas | $1,157 |
| Montano | $1,157 |
| Miracerros | $1,157 |
| Medrano Estates | $1,157 |
| Mateo Heights | $1,157 |
| Lovato Grant | $1,157 |
| Los Senderos | $1,157 |
| Los Chamisos | $1,157 |
| Los Cerros Negros | $1,157 |
| Los Cerros | $1,157 |
| Las Ventanas | $1,157 |
| Las Estancias | $1,157 |
| La Paz | $1,157 |
| La Canada | $1,157 |
| Juanita Ortiz Delgado | $1,157 |
| Indian School | $1,157 |
| Hondo Hills | $1,157 |
| Foothills | $1,157 |
| Don Gaspar | $1,157 |
| Don Diego | $1,157 |
| Domingo | $1,157 |
| De Vargas Heights | $1,157 |
| Cienegita | $1,157 |
| Cielo Vista | $1,157 |
| Chamiso Heights | $1,157 |
| Chamiso | $1,157 |
| Casa Linda | $1,157 |
| Casa del Cerro | $1,157 |
| Casa Alegre | $1,157 |
| Carlos Rey del Sur | $1,157 |
| Candelero | $1,157 |
| Campo Conejos | $1,157 |
| Bishop Heights | $1,157 |
| Arroyo Vigil | $1,157 |
| Arroyo en Medio | $1,157 |
| Arroyo Chamiso | $1,157 |
| Alturas de Santa Fe | $1,157 |
| 100 Acres | $1,157 |
| Vista del Sol | $1,179 |
| Santa Fe University | $1,179 |
| Los Cedros | $1,179 |
| La Villa Serena | $1,179 |
| Carlos Rey | $1,179 |
| Whispering Ridge | $1,201 |
| West Meadow | $1,201 |
| Vistas Bonitas | $1,201 |
| Vista Verde | $1,201 |
| Vista Primera | $1,201 |
| Vista del Prado | $1,201 |
| Villa Sonata | $1,201 |
| Villa de Paz | $1,201 |
| Vegas Verdes | $1,201 |
| Town and Country | $1,201 |
| Tierra Real | $1,201 |
| Tierra Madre | $1,201 |
| Tierra Grande | $1,201 |
| Tierra del Oriente | $1,201 |
| Tierra Contenta | $1,201 |
| Tessera | $1,201 |
| Solecito | $1,201 |
| Silverado | $1,201 |
| Santo Nino de Felipe | $1,201 |
| Santa Fe Airport | $1,201 |
| San Isidro Village | $1,201 |
| Rufina Meadows | $1,201 |
| Roadrunner West | $1,201 |
| Rincon del Sol | $1,201 |
| Remuda Ridge | $1,201 |
| Rancho del Sol | $1,201 |
| Rancho de la Luna | $1,201 |
| Puesta del Sol | $1,201 |
| Pueblos del Sol | $1,201 |
| Pueblos de Rodeo Rd | $1,201 |
| Pinon Hills | $1,201 |
| Park Plaza | $1,201 |
| Nueva Vista | $1,201 |
| Nava Ade | $1,201 |
| Monte Sol | $1,201 |
| Los Portales | $1,201 |
| Los Milagros | $1,201 |
| Las Quintas | $1,201 |
| Las Lomas | $1,201 |
| Las Americas | $1,201 |
| Las Acequias | $1,201 |
| La Resolana | $1,201 |
| La Cieneguita | $1,201 |
| La Arboleda | $1,201 |
| Kachina Ridge | $1,201 |
| Jaguar Village | $1,201 |
| Highlands West | $1,201 |
| Highlands East | $1,201 |
| Governor Miles | $1,201 |
| Fairway Village | $1,201 |
| Evergreen | $1,201 |
| El Trebol | $1,201 |
| El Nido | $1,201 |
| Country Club Estates | $1,201 |
| Colores del Sol | $1,201 |
| Colonia Vistoso | $1,201 |
| Colonia Prisma | $1,201 |
| Chamisa Estates | $1,201 |
| Cerro del Sol | $1,201 |
| Cedar South | $1,201 |
| Arroyo Sombra | $1,201 |
| Alta Vista Estates | $1,201 |
| Aldea de Santa Fe | $1,201 |
| Acres Estates | $1,201 |
| Stearns | $1,247 |
| Ponderosa Ridge | $1,247 |
| Los Miradores | $1,247 |
| Historic | $1,247 |
| Barrio la Canada | $1,247 |
| Tierra de la Vida | $1,252 |
| Los Suenos | $1,252 |
| La Vida | $1,252 |
| La Mirada | $1,252 |
| Romero | $1,281 |
| Rio Vista | $1,281 |
| Wilson | $1,520 |
| Vista Grande | $1,520 |
| Vista Encantada | $1,520 |
| Vista Atalaya | $1,520 |
| Viento del Norte | $1,520 |
| Valle Piedras | $1,520 |
| Valle Lejano | $1,520 |
| Valle del Sol | $1,520 |
| Valle Conejo | $1,520 |
| Thunderbird Hills | $1,520 |
| The Shayakin | $1,520 |
| The Reserve | $1,520 |
| The Knolls | $1,520 |
| The Hills at Las Estrellas | $1,520 |
| Tano | $1,520 |
| Solar Ridge | $1,520 |
| Sierra Vista | $1,520 |
| Sierra del Norte | $1,520 |
| Santa Fe Summit | $1,520 |
| Sandoval | $1,520 |
| Rodriguez | $1,520 |
| Ridge Point | $1,520 |
| Pueblo del Rosario | $1,520 |
| Pentastar Estates | $1,520 |
| Pedregal | $1,520 |
| Padres Peak | $1,520 |
| Ocaso del Sol | $1,520 |
| North Hill | $1,520 |
| Near North | $1,520 |
| Los Nidos | $1,520 |
| Los Lobos | $1,520 |
| Los Cerros Colorados | $1,520 |
| Los Altos | $1,520 |
| Loma Encantada | $1,520 |
| Las Vistas | $1,520 |
| Las Barrancas | $1,520 |
| La Vereda | $1,520 |
| La Madera | $1,520 |
| La Loma Vienta | $1,520 |
| La Cuma | $1,520 |
| Kachina Hills | $1,520 |
| Indian Rock | $1,520 |
| Indian Ridge | $1,520 |
| Hyde Park Estates | $1,520 |
| Historic Guadalupe | $1,520 |
| Hidden Valley | $1,520 |
| Greater Callecita | $1,520 |
| Estancia Primera | $1,520 |
| Engel | $1,520 |
| El Cerro Moreno | $1,520 |
| El Canon | $1,520 |
| Downtown Santa Fe | $1,520 |
| Cumbre Vista | $1,520 |
| Colonia Solana | $1,520 |
| Cima Norte | $1,520 |
| Cerros Altos | $1,520 |
| Cerro de Piedra | $1,520 |
| Catron | $1,520 |
| Catalina | $1,520 |
| Casa Solana | $1,520 |
| Cartwright | $1,520 |
| Canyon | $1,520 |
| Cantera | $1,520 |
| Canada Ancha | $1,520 |
| Brownell - Howland | $1,520 |
| Aspen | $1,520 |
| Amber Hills | $1,520 |
| Altamira Estancia | $1,520 |
| Alameda Park | $1,520 |
| Acoma | $1,520 |
| 800 East | $1,520 |
| 1200 East | $1,520 |
| Zocalo | $1,620 |
| Tesuque Hills | $1,620 |
| Santa Fe Estates | $1,620 |
| Vallecito de la Tierra | $2,309 |
| Tierra de Oro | $2,309 |
| Tano Ridge | $2,309 |
| Sonrisa | $2,309 |
| Sangre de Cristo Estates | $2,309 |
| Salva Tierra | $2,309 |
| Ridge Canyon | $2,309 |
| Pinon Ridge | $2,309 |
| Pinon Bluffs | $2,309 |
| Monte Sereno | $2,309 |
| Los Santeros Villas | $2,309 |
| Las Dos | $2,309 |
| Las Campanas | $2,309 |
| La Tierra | $2,309 |
| La Serena | $2,309 |
| La Mariposa | $2,309 |
| El Prado | $2,309 |
| Cielo Azul | $2,309 |
The most affordable neighborhoods in Santa Fe are 100 Acres, where the average rent goes for $1,157/month, Alturas de Santa Fe, where renters pay $1,157/mo on average, and Arroyo Chamiso, where the average rent goes for $1,157/mo. If you’re looking for other great deals, check out the listings from Arroyo en Medio ($1,157), Arroyo Vigil ($1,157), and Bishop Heights ($1,157), where the asking prices are below the average Santa Fe rent of $1,249/mo.
The most expensive neighborhoods in Santa Fe are Tano Ridge ($2,309), Tierra de Oro ($2,309) and Vallecito de la Tierra ($2,309).
The most popular neighborhood in Santa Fe is Bishop Heights, where there are 1 verified RENTCafé listings with an average rent of $1,157. Next up is Cartwright, where apartments go for $1,520/month, followed by Cedar South with $1,201 If you’re looking to rent in Santa Fe’s most popular neighborhoods, make sure to also check out Historic, where renters pay $1,247 on average, and La Resolana, where the average monthly rent is $1,201.
Santa Fe | Rent Comparison by Neighborhood
Rent in 100 Acres is 24% lower than in 1200 East
100 Acres rent is 7% lower than Santa Fe average
| Average Rent | $1,157 |
|---|
1200 East rent is 22% higher than Santa Fe average
| Average Rent | $1,520 |
|---|
How Santa Fe Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Albuquerque | $922 | 6% |
| Santa Fe | $1,249 | 6% |
| Rio Rancho | $930 | 2% |
For more information about the Santa Fe rental trends, check out our monthly rent report
Check out New Mexico Cities, New Mexico Neighborhoods and New Mexico Zip Codes for more details on verified listings, including the New Mexico Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!