Average Rent in Santa Fe, NM (2026)
Typical asking rent in Santa Fe is $1,920. Across the 3 ZIP codes with data it runs from $1,777 to $2,144, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Santa Fe
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 87501 | Santa Fe County | $2,144 | +12% |
| 87507 | Santa Fe County | $1,920 | 0% |
| 87505 | Santa Fe County | $1,777 | -7% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Santa Fe sits in the Santa Fe, NM metro area.
Other New Mexico cities
Would a rental in Santa Fe cash flow?
Start the analyzer with the Santa Fe median rent of $1,920 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.