Rentometer, Inc. | Data as of 10/23/2025
Santa Fe’s vibrant metro area blends historic charm with modern convenience, making it a sought‑after destination for renters who value culture, outdoor recreation, and a strong sense of community. The downtown core, anchored by the iconic Santa Fe Plaza and the world‑renowned art galleries of Canyon Road, offers easy access to festivals, museums, and a thriving culinary scene. Residential neighborhoods such as the historic Eastside, the eclectic Westside, and the family‑friendly South Capitol provide a mix of characterful homes and contemporary apartments, all within short commutes to schools, parks, and transit routes.
The rental market reflects the city’s diverse housing stock. Studio apartments average around $1,200, while larger two‑bedroom units typically fall in the $2,000 range, offering options for singles, couples, and small families alike. For those seeking more space, the market includes spacious houses and multi‑bedroom apartments that command premium rates, especially in sought‑after enclaves like The Terrace and the Arts District. Renters appreciate the blend of traditional adobe‑style homes and newer constructions that feature modern amenities and energy‑efficient designs.
Beyond the city limits, the surrounding high desert and nearby Sangre de Cristo Mountains provide endless opportunities for hiking, skiing, and exploring. Proximity to renowned institutions such as the Museum of International Folk Art and the Santa Fe Opera further enhances the area’s appeal. Whether you’re drawn by the artistic spirit, the outdoor lifestyle, or the welcoming neighborhoods, Santa Fe’s rental market offers a balanced mix of affordability, quality, and cultural richness.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,163 | $1,165 | $1,000 - $1,300 | $1,100 - $1,250 |
| Apartment | 1 Bedroom | $1,687 | $1,650 | $756 - $3,200 | $1,500 - $1,899 |
| Apartment | 2 Bedroom | $1,948 | $1,925 | $750 - $3,400 | $1,650 - $2,280 |
| Apartment | 3 Bedroom | $2,356 | $2,200 | $1,550 - $3,250 | $2,056 - $2,740 |
| House | Studio | $1,161 | $1,150 | $1,020 - $1,350 | $1,100 - $1,200 |
| House | 1 Bedroom | $2,063 | $1,900 | $750 - $3,500 | $1,650 - $2,400 |
| House | 2 Bedroom | $2,952 | $2,600 | $1,000 - $9,750 | $2,250 - $3,200 |
| House | 3 Bedroom | $3,604 | $3,200 | $1,350 - $10,500 | $2,800 - $4,000 |
| House | 4+ Bedroom | $4,378 | $3,700 | $1,700 - $12,500 | $3,100 - $4,600 |
In the current period, the average rent in Santa Fe, NM was $1,231 for Studio, $1,857 for 1 Bedroom, $2,553 for 2 Bedroom, $3,487 for 3 Bedroom, and $4,105 for 4+ Bedroom.
Data provided by Rentometer, Inc.