How much does it cost to rent at Local 1896?

Rent at Local 1896 in Santa Fe, NM ranges from $1,203 to $1,814 per month as of August 23, 2026.

What is the average 1 bed rent at Local 1896?

The average 1 bed apartment at Local 1896 costs $1,290/month, starting from $1,203.

What is the average 2 bed rent at Local 1896?

The average 2 bed apartment at Local 1896 costs $1,719/month, starting from $1,642.

Is Local 1896 a good apartment complex?

Local 1896 has a 3.8-star rating on Google based on 94 reviews.

Updated August 23, 2026 at 6:43 p.m. MT

Local 1896

1896 Lorca Dr, Santa Fe, NM 87505, USA

3.8 (94 reviews) Official Website

Live pricing, refreshed August 23, 2026 at 6:43 p.m. MT

Units Listed

$1,203

Starting at

$1,519

Average

$1,814

Highest

$1.76

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Santa Fe 87505 rent trends

Beds

Pricing by Bedroom

1 Bed

$1,290

from $1,203 · 7 units

~750 sqft avg

2 Bed

$1,719

from $1,642 · 8 units

~963 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (20)

Largest 8 movers of 20

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$35K

$418K annual run rate

Modeled estimate

Est. Occupancy

61%

of about 38 units (modeled from leasing activity)

Effective Rent on New Leases

$1,513

vs $1,519 current asking ($6 negotiation gap)

Recent Lease Activity

38 units tracked; 23 assumed leased, 15 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Good availability

3 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Price vs. Santa Fe 87505

Neighborhood

Local 1896

$1,203

Capitol Flats

$1,520 Olympus Rodeo

$1,758 Altitude at Vizcaya

$1,785

Comparing 4 apartments in Santa Fe 87505. Click any bar to view that building.

See Santa Fe 87505 rent trends on the Santa Fe, NM map Explore Santa Fe, NM on the interactive map