Rentable.co has 5 apartments available for rent in 87508.
The average rent for an apartment in 87508 is around $3,450 per month.
Welcome to the April 2024 Santa Fe Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Santa Fe rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Santa Fe and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Santa Fe average rent prices in the chart below.
Santa Fe rent prices decreased over the last month. From March to April, the city experienced a -1.03% decrease for the price of a one-bedroom apartment. The rent price for a Santa Fe one-bedroom apartments currently stands at $1,827.0.
When we take a look at the two-bedroom comparison from March to April, Santa Fe experienced a 0.49% increase for the price of a two-bedroom apartment. The rent price for a Santa Fe two-bedroom apartments currently stands at $2,260.0.
Rent prices have decreased in Santa Fe over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Santa Fe suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Santa Fe suburbs
Rents did not decrease in any of the Santa Fe suburbs.
Rent growth in Santa Fe over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Santa Fe average rent prices appear to be relatively affordable for local residents.
The price for a Santa Fe one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Santa Fe and surrounding area rent prices, take a look at the complete data set below.
| 1 BR April | 1 BR M/M % Change | 2 BR April | 2 BR M/M % Change | |
|---|---|---|---|---|
| Santa Fe, NM | $1,846.0 | -1.02% | $2,249.0 | 1.12% |
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.