How many apartments are available in 87501 on Rentable.co?

Rentable.co has 32 apartments available for rent in 87501.

What is the average rent for an apartment in 87501?

The average rent for an apartment in 87501 is around $2,730 per month.

What is the average rent for a two-bedroom apartment in 87501?

The average rent for a two-bedroom apartment in 87501 is around $2,950 per month.

What is the average rent for a one-bedroom apartment in 87501?

The average rent for a one-bedroom apartment in 87501 is around $1,500 per month.

Apartments in 87501

Santa Fe:
December Rent Report

Welcome to the December 2024 Santa Fe Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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.

Monthly Rent Report

$2,350

$1,760

$1,180

$590

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Santa Fe Rent Prices Increase From November to December

Santa Fe rent prices increased over the last month. From November to December, the city experienced a 0.96% increase for the price of a one-bedroom apartment. The rent price for a Santa Fe one-bedroom apartments currently stands at $1,679.0.

When we take a look at the two-bedroom comparison from November to December, Santa Fe experienced a 0.72% increase for the price of a two-bedroom apartment. The rent price for a Santa Fe two-bedroom apartments currently stands at $1,960.0.

December Prices: Santa Fe vs. Surrounding Areas

Santa Fe, NM

$1,663

$550

$1,100

$1,650

$2,200

Median 1 BR Rent

Rent Prices in Santa Fe and Surrounding Areas

Rent prices have increased 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.

December 2024 Pricing Trends: Santa Fe vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Santa Fe, NM

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,134

$3,160

$2,389

$2,353

$1,914

$1,663

$1,318

$1,255

$1,234

$1,350

$2,700

$4,050

$5,400

Median Rent

Santa Fe Rent Prices More Affordable Than Major Cities

Rent growth in Santa Fe over the past year has been on the rise. 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.

Data set for Santa Fe and suburbs

	1 BR December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Santa Fe, NM	$1,663.0	-0.24%	$1,946.0	0.31%

Methodology

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.