2-Bedroom Apartment Rent in Santa Fe, NM
Median asking rent for a 2-bedroom apartment in Santa Fe, New Mexico as of July 2026. That's +13% lower than the citywide median of $1,932 and +2% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Santa Fe
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Santa Fe
Compare Santa Fe's median rent across every apartment size.
Cheapest cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Alamogordo | $930 |
| 2 | Portales | $930 |
| 3 | Silver City | $960 |
| 4 | Clovis | $980 |
| 5 | Roswell | $1,030 |
| 6 | Carlsbad | $1,080 |
| 7 | Farmington | $1,100 |
| 8 | Las Cruces | $1,124 |
| 9 | Santa Teresa | $1,130 |
| 10 | Hobbs | $1,140 |
| 11 | Albuquerque | $1,383 |
| 12 | Los Alamos | $1,400 |
| 13 | Los Lunas | $1,410 |
| 14 | Santa Fe (this page) | $1,690 |
| 15 | Rio Rancho | $1,695 |
Most expensive cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $1,695 |
| 2 | Santa Fe (this page) | $1,690 |
| 3 | Los Lunas | $1,410 |
| 4 | Los Alamos | $1,400 |
| 5 | Albuquerque | $1,383 |
| 6 | Hobbs | $1,140 |
| 7 | Santa Teresa | $1,130 |
| 8 | Las Cruces | $1,124 |
| 9 | Farmington | $1,100 |
| 10 | Carlsbad | $1,080 |
| 11 | Roswell | $1,030 |
| 12 | Clovis | $980 |
| 13 | Silver City | $960 |
| 14 | Portales | $930 |
| 15 | Alamogordo | $930 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Santa Fe.
| City | Distance | 2-Bedroom rent | vs Santa Fe |
|---|---|---|---|
| Los Alamos, NM | 26.8 mi | $1,400 | $-290 (-17%) |
| Albuquerque, NM | 59.1 mi | $1,383 | $-307 (-18%) |
| Rio Rancho, NM | 60.2 mi | $1,695 | +$5 (0%) |
| Los Lunas, NM | 99.2 mi | $1,410 | $-280 (-17%) |
| Alamosa, CO | 126.5 mi | $970 | $-720 (-43%) |
| Farmington, NM | 171.3 mi | $1,100 | $-590 (-35%) |
| Durango, CO | 180.3 mi | $1,670 | $-20 (-1%) |
2-Bedroom rent in Santa Fe — common questions
How much is a 2-bedroom apartment in Santa Fe?
As of July 2026, the median 2-bedroom apartment rent in Santa Fe, New Mexico is $1,690 per month. This is +13% below the citywide median of $1,932.
What income do you need to afford a 2-bedroom in Santa Fe?
Using the standard 30% rent-to-income rule, you would need an annual income of about $67,600 ($5,633/month gross), which works out to roughly $32.50/hour at a full-time job.
Is Santa Fe expensive for a 2-bedroom compared to the rest of the US?
Santa Fe's 2-bedroom median of $1,690 is +2% above the national 2-bedroom median of $1,655. It ranks in the 52th percentile of US cities tracked.
How does Santa Fe rank for 2-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 2-bedroom data, Santa Fe ranks #14 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Santa Fe?
Yes — nearby cities with cheaper 2-bedroom rents include Los Alamos ($1,400), Albuquerque ($1,383), Los Lunas ($1,410).