2-Bedroom Apartment Rent in Santa Teresa, NM
Median asking rent for a 2-bedroom apartment in Santa Teresa, New Mexico as of July 2026. That's +29% lower than the citywide median of $1,598 and +32% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Santa Teresa
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 Teresa
Compare Santa Teresa'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 (this page) | $1,130 |
| 10 | Hobbs | $1,140 |
| 11 | Albuquerque | $1,383 |
| 12 | Los Alamos | $1,400 |
| 13 | Los Lunas | $1,410 |
| 14 | Santa Fe | $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 | $1,690 |
| 3 | Los Lunas | $1,410 |
| 4 | Los Alamos | $1,400 |
| 5 | Albuquerque | $1,383 |
| 6 | Hobbs | $1,140 |
| 7 | Santa Teresa (this page) | $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 Teresa.
| City | Distance | 2-Bedroom rent | vs Santa Teresa |
|---|---|---|---|
| El Paso, TX | 18.5 mi | $1,254 | +$124 (+11%) |
| Las Cruces, NM | 37.9 mi | $1,124 | $-6 (-1%) |
| Horizon City, TX | 38.8 mi | $1,270 | +$140 (+12%) |
| Alamogordo, NM | 69.5 mi | $930 | $-200 (-18%) |
| Silver City, NM | 127.1 mi | $960 | $-170 (-15%) |
| Carlsbad, NM | 158.6 mi | $1,080 | $-50 (-4%) |
| Roswell, NM | 200.9 mi | $1,030 | $-100 (-9%) |
2-Bedroom rent in Santa Teresa — common questions
How much is a 2-bedroom apartment in Santa Teresa?
As of July 2026, the median 2-bedroom apartment rent in Santa Teresa, New Mexico is $1,130 per month. This is +29% below the citywide median of $1,598.
What income do you need to afford a 2-bedroom in Santa Teresa?
Using the standard 30% rent-to-income rule, you would need an annual income of about $45,200 ($3,767/month gross), which works out to roughly $21.73/hour at a full-time job.
Is Santa Teresa expensive for a 2-bedroom compared to the rest of the US?
Santa Teresa's 2-bedroom median of $1,130 is +32% below the national 2-bedroom median of $1,655. It ranks in the 14th percentile of US cities tracked.
How does Santa Teresa rank for 2-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 2-bedroom data, Santa Teresa ranks #9 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Santa Teresa?
Yes — nearby cities with cheaper 2-bedroom rents include Las Cruces ($1,124), Alamogordo ($930), Silver City ($960).