How many apartments are available in 87508 on Rentable.co?
Rentable.co has 8 apartments available for rent in 87508.
What is the average rent for an apartment in 87508?
The average rent for an apartment in 87508 is around $2,980 per month.
Find an Apartment in 87508
Looking for apartments for rent in the 87508 zip code in Santa Fe, NM? You're in luck! Rentable currently has 9 units available in this area. The average rent in 87508 is approximately $2,950, and the minimum rent for a 3-bedroom unit starts at $2,200.
The 87508 zip code in Santa Fe, NM offers a variety of housing options for those looking to rent. Whether you're searching for a studio apartment or a larger family home, there are options available to fit your needs. Explore Rentable's apartments in 87508 and find the perfect place to call home.
Rentable's apartments in 87508 Santa Fe, NM provide a convenient location with access to nearby amenities and points of interest. Whether you're looking for a place near shopping centers, restaurants, or entertainment options, you'll find options in this area. Start your search for apartments near 87508 and discover the vibrant community of Santa Fe, NM.
Santa Fe: November Rent Report
Welcome to the November 2024 Santa Fe Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
November 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
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR2 BR
Santa Fe Rent Prices Decrease From October to November
Santa Fe rent prices decreased over the last month. From October to November, the city experienced a -0.24% decrease for the price of a one-bedroom apartment. The rent price for a Santa Fe one-bedroom apartments currently stands at $1,663.0.
When we take a look at the two-bedroom comparison from October to November, Santa Fe experienced a 0.31% increase for the price of a two-bedroom apartment. The rent price for a Santa Fe two-bedroom apartments currently stands at $1,946.0.
November Prices: Santa Fe vs. Surrounding Areas
Santa Fe, NM
$1,667
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent
Rent Prices in Santa Fe and Surrounding Areas
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.
November 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
$4,211
$3,115
$2,373
$2,354
$1,903
$1,667
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent
Santa Fe Rent Prices More Affordable Than Major Cities
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.
Data set for Santa Fe and suburbs
1 BR November
1 BR M/M % Change
2 BR November
2 BR M/M % Change
Santa Fe, NM
$1,667.0
-0.24%
$1,940.0
-0.62%
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.