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Rent by ZIP · Santa Fe County

Rent in Santa Fe, NM 87508

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,020 (-1.5% vs FY2026). Renters in this ZIP code pay a median $1,623 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$1,470$1,530-3.9%$1,323–1,617–
1 bedroom$1,640$1,690-3%$1,476–1,804$1,415 ±$166
2 bedrooms$2,020$2,050-1.5%$1,818–2,222$1,755 ±$790
3 bedrooms$2,480$2,580-3.9%$2,232–2,728$2,083 ±$753
4 bedrooms$2,650$2,710-2.2%$2,385–2,915$1,406 ±$309

Small Area FMRs for the Santa Fe, NM MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.

Area-wide FMR for Santa Fe, NM MSA, 2 bedrooms: $1,735.

What renters pay in 87508

Median gross rent$1,623±$278 · all sizes
Renter households5537% of occupied homes
No cash rent91households

How rents are spread

Under $1,00021%
$1,000–1,49923%
$1,500–1,99926%
$2,000–2,49920%
$2,500–2,99910%
$3,000–3,4990%
$3,500+0%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
87507Santa Fe$1,590$1,496
87506Santa Fe$1,570$1,246
87510Abiquiu$1,010–
87505Santa Fe$1,780$1,561
87511Alcalde$1,010$449
87514Arroyo Seco$1,290–

Fair Market Rents across Santa Fe County, NM · All NM counties · What is Fair Market Rent?

Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.