Fortunately for renters, the glut of property on the market for sale has greatly improved the rental situation, creating more options and making landlords compete for customers and provide better service. In addition to single-family homes available for rent throughout the city, Santa Fe has some apartment complexes. There are roughly 25 apartment complexes with 30 units or more as well as seven complexes with more than 200 rental units. Apartments and rental homes are scattered around the city, but the largest concentration of apartment complexes can be found in the Zia Road, Airport Road, St. Francis Drive, Rodeo Road and in the southern part of town. In the late 1980s and early 1990s, Santa Fe real estate was hot, and rentals were both expensive and harder to find.
Prices rise from there, depending on size and location.
In Santa Fe, incidently, the market is its own rent control. When there's plenty of property for rent, the owners or their agents may be inclined to lower the cost. And if there's more demand than units available, landlords won't be in the mood to dicker on price. Santa Fe Neighborhoods Santa Fe was born around the Plaza and along the Santa Fe River, and the city's oldest neighborhoods are downtown. People have been living in the Barrio Analco area, for example, since the city's founding in 1610.