Santa Fe, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Santa Fe, New Mexico rental market.
Santa Fe, New Mexico
Average Apartment Rent
$1,866
Y-o-Y Change in Average
Apartment Rent
2.2%
As of June 2026
Compared to a year ago, Santa Fe, New Mexico apartments have recorded a 2.2% rent increase.
Santa Fe, New Mexico Average apartment rent trend
Santa Fe, New Mexico Average Apartment Rent
Santa Fe, New Mexico Apartment rent ranges
At 57.89%, apartments priced $1,500 - $2,000 represent the bulk of Santa Fe, New Mexico rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.39%.
Santa Fe, New Mexico Housing tenure**
Renters take up 36% of Santa Fe, New Mexico real estate, occupying a total of 14,022 units, while homeowners live in 25,289 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$49,385
Average household size of renter-occupied housing units**
1.96
Rental vacancy rate**
5.3%
Santa Fe, New Mexico Renter-occupied housing units by no. of bedrooms**
There are 5,520 rentals in Santa Fe, New Mexico with 2 beds making up the highest share of the market, at 39%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 550 units. Overall, the median number of rooms in Santa Fe, New Mexico homes for rent is 4.
Santa Fe, New Mexico Renter-occupied units by age of householder**
Most condos for rent in Santa Fe, New Mexico are occupied by residents in the 35 - 44 years age group (21%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Santa Fe, New Mexico Renter-occupied housing units by family type**
Santa Fe, New Mexico Renter-occupied housing units by the presence of own children**
A total of 5,801 apartments for rent in Santa Fe, New Mexico, or 41% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 3,331 units. All in all, the median size of a renter-occupied household in Santa Fe, New Mexico is 1.96.
Santa Fe, New Mexico Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Santa Fe, New Mexico.
Santa Fe, New Mexico Renter-occupied units by year structure built**
The highest share of Santa Fe, New Mexico apartment rentals, namely 19% or 2,689 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (19%, 2,603 units), and the ones Built 2000 - 2009 (16%, 2,245 units).
Santa Fe, New Mexico Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Santa Fe, New Mexico renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Santa Fe, New Mexico condos for rent is 2017.
Santa Fe, New Mexico Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Santa Fe, New Mexico renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 11% have No vehicle available.
Santa Fe, New Mexico Means of transportation to work of householders living in renter-occupied housing units**
Santa Fe, New Mexico Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Santa Fe, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
