Santa Fe, NM MSA
FY 2026 HUD Fair Market Rents for the Santa Fe, NM MSA metro area. Population: 154,481.
Fair Market Rents (2026)
Studio
National avg: $893
$1,259/mo
↑ 1.9% YoY
+41% vs US
1 Bedroom
National avg: $959
$1,390/mo
↑ 1.6% YoY
+45% vs US
2 Bedroom
National avg: $1,175
$1,685/mo
↑ 3.6% YoY
+43% vs US
3 Bedroom
National avg: $1,525
$2,122/mo
↑ 3.2% YoY
+39% vs US
4 Bedroom
National avg: $1,756
$2,231/mo
↑ 3.4% YoY
+27% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,235 | $1,259 | +$24 (+1.9%) |
| 1 Bedroom | $1,368 | $1,390 | +$22 (+1.6%) |
| 2 Bedroom | $1,627 | $1,685 | +$58 (+3.6%) |
| 3 Bedroom | $2,057 | $2,122 | +$65 (+3.2%) |
| 4 Bedroom | $2,157 | $2,231 | +$74 (+3.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$55,600
$4,633/month gross
Required annual income for 2 BR
$67,400
$5,617/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.