Last updated
Average Rent in Santa Fe, NM & Rent Trends
Rent prices and market trends across 8 apartment communities in Santa Fe, NM. Updated daily.
Market Average
$1,980/mo
▼ 2.3% from last month
Lowest Available
$1,250/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
39
available now
Price Cuts This Week in Santa Fe, NM
28 listed units across 4 buildings offering 2 bed units in Santa Fe, NM dropped their asking rent in the past 7 days, an average cut of $81/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Olympus Rodeo | Unit 206, C1 | $2,662 | $2,420 | $242 |
| Local 1896 | Unit 149 | $1,690 | $1,544 | $146 |
| Olympus Rodeo | Unit 231, C1 | $2,857 | $2,717 | $140 |
| Local 1896 | Unit 062 | $1,373 | $1,238 | $135 |
| The Mica | Unit 1222, The Pinon | $1,994 | $1,870 | $124 |
| Altitude at Vizcaya | Unit 1, Capitan | $2,310 | $2,200 | $110 |
| Altitude at Vizcaya | Unit 5, Sandia | $1,885 | $1,785 | $100 |
| Local 1896 | Unit 057 | $1,463 | $1,370 | $93 |
Rent by Neighborhood in Santa Fe, NM
Compare average rent across Santa Fe, NM neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Santa Fe 87507 | $2,026 | ▲ $44 | $1,250 | 2 | 15 |
| Santa Fe 87501 | $1,855 | ▼ $178 | $1,317 | 2 | 14 |
| Santa Fe 87505 | $1,835 | ▲ $14 | $1,203 | 4 | 47 |
Is Rent Going Up or Down in Santa Fe, NM?
As of August 2026, the average rent in Santa Fe, NM is $1,980 per month across 8 apartment communities and 39 available units. Rents have decreased $45 (2.3%) over the past month.
The most affordable option is Valdez and Associates starting at $1,250/mo. By unit type, a 2-bedroom averages $1,980/mo.
Prices range from $1,250 to $2,923 per month. The most common price point is the $1,800 range, where 14 units are currently listed.
Santa Fe, NM Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $2,119 | - | 7 |
| July 2026 | $1,966 | -$153 | 8 |
| August 2026 | $1,919 | -$47 | 8 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Santa Fe, NM
Rent Prices by Apartment in Santa Fe, NM
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Valdez and Associates | $1,250/mo | $1,250/mo | 1 | 3.4 |
| Local 1896 | $1,642/mo | $1,719/mo | 8 | 3.8 |
| The Mica | $1,773/mo | $1,870/mo | 10 | 3.8 |
| Olympus Rodeo | $1,956/mo | $2,151/mo | 4 | 4.4 |
| Olympus de Santa Fe | $1,999/mo | $2,025/mo | 9 | 4.4 |
| Altitude at Vizcaya | $2,200/mo | $2,233/mo | 3 | 3.8 |
| Zocalo | $2,257/mo | $2,257/mo | 1 | 4.5 |
Frequently Asked Questions About Rent in Santa Fe, NM
What is the average rent in Santa Fe, NM?
Is rent going up or down in Santa Fe, NM?
What is the cheapest apartment in Santa Fe, NM?
How many apartments are available in Santa Fe, NM?
What salary do I need to live comfortably in Santa Fe, NM?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$79,000/year
Based on the 30 percent rule, using our tracked average rent of $1,980/mo.
Comfortable income
$95,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,250/mo), you need to earn at least $50,000/year.
Cost of living in Santa Fe, NM
We only have live rent data for Santa Fe, NM so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,980 |
| Estimated total | $1,980/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Google Search Trends for Santa Fe, NM Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Santa Fe, NM Apartments
Browse all 8 communities with daily-updated pricing and availability.