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RentData.org Logo Santa Fe Fair Market Rent FY 2018 Santa Fe, NM MSA Rental Data

Fair Market Rent Prices in Santa Fe, NM :
$774 $854 $1,006 $1,334 $1,449
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Santa Fe are very high compared to the national average. This FMR area is more expensive than 91% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Santa Fe is $1,006 per month.

The previous year, rent for a two-bedroom home was $1,048 per month. This is a 4.01% decrease year-over-year.

This FMR rate applies to Stanley, NM, Lamy, NM, Cerrillos, NM, Tesuque, NM, Santa Cruz, NM, Moriarty, NM, Santa Fe, NM and other cities within the region. The Metro Code or CBSA code for this region is METRO42140M42140.

Additionally, This Fair Market Rent (FMR) area Santa Fe, NM MSA spans one county or city in New Mexico which is listed in the table below. Estimated population of Santa Fe, NM MSA FMR area is 144,170 people based on latest Census data.

Compared to the rest of New Mexico, the Santa Fe FMR area is more expensive than 96% of the state.

New Mexico Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Santa Fe. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Santa Fe

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 830
1-BR 1-Bedroom $ 916
2-BR 2-Bedroom $ 1079
3-BR 3-Bedroom $ 1431
4-BR 4-Bedroom $ 1555
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Santa Fe, NM MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Albuquerque - Santa Fe.

County / Region Est. Population
Santa Fe, NM Metro 144,170
Zip Codes in Santa Fe, NM MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

87010, 87035, 87056, 87501, 87502, 87504, 87505, 87506, 87507, 87508, 87540, 87567, 87574, 87592 and 87594

Lookup Fair Market Rent by Zip Code

What's Next?

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