How much does it cost to rent in Santa Teresa, NM?

As of July 2026, the median monthly rent in Santa Teresa, NM is $1,598. This figure is based on aggregated data from public sources and community-submitted rents.

Is Santa Teresa cheaper than other New Mexico cities?

Santa Teresa is one of the pricier cities in New Mexico, ranking #5 out of 15 cities tracked at $1,598/mo.

When was Santa Teresa rent data last updated?

Santa Teresa rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

Is Santa Teresa a renter's market or a landlord's market?

Based on RentDataNow's Rent Market Meter, Santa Teresa is currently a renter's market. Rents are softening (down 0.0% YoY), so renters have negotiating leverage. The meter is derived from rent-price momentum (year-over-year and month-over-month change), not inventory levels.

City Report · NM

Santa Teresa

Name: Average Rent Prices in Santa Teresa, NM
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 6,041·5th most expensive in New Mexico·Rental market data updated monthly for Santa Teresa, NM

Median rent (all units)

$1,598/mo

Year-over-Year

Stable

Month-over-Month

-1.5%

vs US Median

-$367

Falling (Monthly)

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Most AffordableMost Expensive

Santa Teresa · $1,598

More affordable than 70% of US cities · National median $1,965/mo

Affordability

30% of income

MODERATE

0%30% benchmark60%+

At $1,598/mo, rent takes about 30% of the local median household income, slightly above the 30% benchmark.

Income to afford

$64,000/yr

Local median income

$63,161/yr

Based on the 30%-of-income rule using Santa Teresa's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$800

1 BR

$1,020

2 BR

$1,130

3 BR

$1,570

4 BR+

$1,740

Research median

$1,130/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$19,176/yr

At $1,598/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Santa Teresa, NM is majority owner-occupied, has a large share of families with children, has a median income below the national average, 37.6% of residents hold a bachelor's degree or higher.

Population

6,041

Median income

$63,161

Median age

33.2

Renters

26.3%

Age distribution

27.2%

26.2%

16.6%

18.2%

Under 1827.2%

18–3426.2%

35–5416.6%

55–6418.2%

65+11.8%

Gender

54%

46%

Male54%

Female46%

Race & ethnicity

27.7%

83.7%

White27.7%

Black0.8%

Hispanic83.7%

Education (25+)

29.1%

24.7%

37.6%

No HS diploma8.7%

HS diploma29.1%

Some college24.7%

Bachelor's+37.6%

Housing tenure

73.7%

26.3%

Owner73.7%

Renter26.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Santa Teresa, NM has changed in 5 years

Income

$54,205 → $63,161

up 16.5%

Population

6,037 → 6,041

up 0.1%

Renter share

28.3% → 26.3%

-2.0 pts

Bachelor's+

44.3% → 37.6%

-6.7 pts

Local incomes tracked alongside that move, going from a median of $54,205 in 2021 to $63,161 more recently. The renter share has eased from 28.3% to 26.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 44.3% to 37.6% across the same window.

Community

Discussions about Santa Teresa

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View Santa Teresa rent history (2015–2026) →

Salary vs rent

Can you afford rent in Santa Teresa on your salary?

At $1,598/mo, how Santa Teresa rent compares to typical pay (30% rule).

Registered Nurse

Avg $85,032/yr · Rent = 22.6% income

affordable

Elementary School Teacher

Avg $60,372/yr · Rent = 31.8% income

stretched

Police Officer

Avg $69,543/yr · Rent = 27.6% income

affordable

Software Developer

Avg $124,299/yr · Rent = 15.4% income

very comfortable

Lawyer

Avg $158,823/yr · Rent = 12.1% income

very comfortable

Firefighter

Avg $56,529/yr · Rent = 33.9% income

stretched

Truck Driver

Avg $51,039/yr · Rent = 37.6% income

stretched

Electrician

Avg $62,910/yr · Rent = 30.5% income

stretched

By apartment size

Santa Teresa rent by bedroom count

Median rent for each apartment size in Santa Teresa. Click any size for full breakdown.

Local insights

Tips for renters in Santa Teresa

About renting in Santa Teresa, NM

Last updated: July 20, 2026

The median rent in Santa Teresa is $1,598/mo as of July 2026. A studio apartment averages $800/mo while a 2-bedroom runs $1,130/mo. One-bedroom apartments average $1,020/mo and 3-bedroom units go for $1,570/mo.

At 30% of local median household income ($63,161/yr), Santa Teresa ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Santa Teresa an affordable city for renters?

Santa Teresa is considered moderate for renters. At $1,598/mo, rent takes approximately 30% of the local median household income ($63,161/yr). The standard benchmark is 30%. Santa Teresa slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Santa Teresa?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,598/mo in Santa Teresa. The local median household income is $63,161/yr, meaning the typical Santa Teresa household falls short of that threshold.

Is rent going up or down in Santa Teresa?

Rent in Santa Teresa has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Santa Teresa rent compare to other cities in New Mexico?

Santa Teresa is one of the pricier cities in New Mexico for rent, ranking #5 out of 15 tracked cities at $1,598/mo.

Which nearby cities are cheaper to rent in than Santa Teresa?

Several nearby cities have lower median rents than Santa Teresa ($1,598/mo): Las Cruces ($1,424/mo), El Paso ($1,521/mo).

What percentage of Santa Teresa residents rent vs. own?

According to Census data, approximately 26.3% of Santa Teresa households are renters, while 73.7% are owner-occupied. Santa Teresa leans toward homeownership, which can mean a smaller rental inventory.

How does Santa Teresa rent compare to the national average?

Santa Teresa's median rent of $1,598/mo is $367 (19%) below the US national median of $1,965/mo. Within New Mexico, it ranks #5 out of 15 tracked cities.

Income Affordability

30%

MODERATE

At $1,598/mo, rent takes ~30% of Santa Teresa's median household income ($63,161/yr). The standard benchmark is 30%.

Santa Teresa 30%Benchmark 30%

State income tax1.7–5.9%

Run the Santa Teresa affordability calculator →

Nearby cities