3-Bedroom Apartment Rent in Santa Teresa, NM
Median asking rent for a 3-bedroom apartment in Santa Teresa, New Mexico as of July 2026. That's +2% lower than the citywide median of $1,598 and +26% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Clovis | $1,250 |
| 2 | Silver City | $1,280 |
| 3 | Alamogordo | $1,310 |
| 4 | Portales | $1,310 |
| 5 | Roswell | $1,330 |
| 6 | Hobbs | $1,410 |
| 7 | Carlsbad | $1,430 |
| 8 | Farmington | $1,540 |
| 9 | Las Cruces | $1,562 |
| 10 | Santa Teresa (this page) | $1,570 |
| 11 | Los Alamos | $1,890 |
| 12 | Albuquerque | $1,939 |
| 13 | Los Lunas | $1,980 |
| 14 | Santa Fe | $2,137 |
| 15 | Rio Rancho | $2,375 |
Most expensive cities for a 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho | $2,375 |
| 2 | Santa Fe | $2,137 |
| 3 | Los Lunas | $1,980 |
| 4 | Albuquerque | $1,939 |
| 5 | Los Alamos | $1,890 |
| 6 | Santa Teresa (this page) | $1,570 |
| 7 | Las Cruces | $1,562 |
| 8 | Farmington | $1,540 |
| 9 | Carlsbad | $1,430 |
| 10 | Hobbs | $1,410 |
| 11 | Roswell | $1,330 |
| 12 | Portales | $1,310 |
| 13 | Alamogordo | $1,310 |
| 14 | Silver City | $1,280 |
| 15 | Clovis | $1,250 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Santa Teresa.
| City | Distance | 3-Bedroom rent | vs Santa Teresa |
|---|---|---|---|
| El Paso, TX | 18.5 mi | $1,735 | +$165 (+11%) |
| Las Cruces, NM | 37.9 mi | $1,562 | $-8 (-1%) |
| Horizon City, TX | 38.8 mi | $1,760 | +$190 (+12%) |
| Alamogordo, NM | 69.5 mi | $1,310 | $-260 (-17%) |
| Silver City, NM | 127.1 mi | $1,280 | $-290 (-18%) |
| Carlsbad, NM | 158.6 mi | $1,430 | $-140 (-9%) |
| Roswell, NM | 200.9 mi | $1,330 | $-240 (-15%) |
3-Bedroom rent in Santa Teresa — common questions
How much is a 3-bedroom apartment in Santa Teresa?
As of July 2026, the median 3-bedroom apartment rent in Santa Teresa, New Mexico is $1,570 per month. This is +2% below the citywide median of $1,598.
What income do you need to afford a 3-bedroom in Santa Teresa?
Using the standard 30% rent-to-income rule, you would need an annual income of about $62,800 ($5,233/month gross), which works out to roughly $30.19/hour at a full-time job.
Is Santa Teresa expensive for a 3-bedroom compared to the rest of the US?
Santa Teresa's 3-bedroom median of $1,570 is +26% below the national 3-bedroom median of $2,130. It ranks in the 20th percentile of US cities tracked.
How does Santa Teresa rank for 3-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 3-bedroom data, Santa Teresa ranks #10 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Santa Teresa?
Yes — nearby cities with cheaper 3-bedroom rents include Las Cruces ($1,562), Alamogordo ($1,310), Silver City ($1,280).