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Espanola, NM Homes for Rent

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  • 612 Valley Dr, Española, NM 87532
    612 Valley Dr, Española, NM 87532
    612 Valley Dr, Española, NM 87532
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    $1,950 Per Month

    • 3 Beds
    • 2 Baths
    • 1,910 Sq Ft
    • House for Rent

    612 Valley Dr, Española, NM 87532

    A three bedroom, two bath home with two backyards, two fireplaces, two living areas, a huge owners suite with plenty of natural light and a firepit in the backyard in a quiet, cozy neighborhood, perfect for a peaceful experience and rental you'll adore.

    Joe Archuleta NMHG

    612 Valley Dr, Española, NM 87532
  • 1004 Nm-76, Española, NM 87532
    1004 Nm-76, Española, NM 87532
    1004 Nm-76, Española, NM 87532
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    $1,550 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Townhouse for Rent

    1004 Nm-76, Española, NM 87532

    Beautiful spacious 2 bedroom home with open plan kitchen/living room, kiva fireplace, lots of light and easy access to the highway.This duplex is located in a quiet, gated compound and offers a large, open layout with comfort, charm, and functionality.Spacious bedrooms, full-size washer and dryer, and full bathroom with a granite countertop and bathtub. A cozy gas heater warms the

    1004 Nm-76, Española, NM 87532
  • 9A Khalsa Way, Espanola, NM 87532
    9A Khalsa Way, Espanola, NM 87532
    9A Khalsa Way, Espanola, NM 87532
    /14

    $2,500 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,750 Sq Ft
    • House for Rent

    9A Khalsa Way, Espanola, NM 87532

    Single level inviting, modern home with beautiful accents and plenty of living space including an office room. Located in a peaceful country setting surrounded by a landscaped lush yard with a deck off the kitchen and an orchard. Home is 22mi from the LANL badge office. AVAILABLE: October 10th3BR/2BA +office and laundry roomunfurnished built in 1940s, master addition in 1965,

    9A Khalsa Way, Espanola, NM 87532
New Mexico Rio Arriba County

Homes for Rent in Espanola, NM

Why Live in Espanola

Española, located around 25 miles north of Santa Fe in the remote New Mexican high desert, is a small city with a rich history and cultural diversity. Originally home to the Tewa Indians and later settled by the Spanish in the late 1500s, Española is known for its multicultural, trilingual community and historical churches. The city is a commercial hub for northern Santa Fe County, featuring a mix of local eateries, big box retailers like Walmart and Lowe's, and casinos such as the Buffalo Thunder Resort and Casino. Housing in Española is more affordable compared to nearby Santa Fe, with prevalent Northern New Mexico-style and Pueblo Revival homes. The area also offers mobile home options in the southern village of El Valle de Arroyo Seco. For those looking for things to do, Española is close to the Jemez Mountains and the Rio Grande, providing opportunities for off-roading, fishing, and exploring ancient pueblo ruins. The Bandelier National Monument and Pajarito Mountain Ski Area are also nearby. Art and religion play significant roles in the community, with events like the Pilgrimage to Chimayo and local artist studio tours. The city is accessible via U.S. Route 285 and New Mexico State Road 30, with bus services provided by the North Central Regional Transit District. Recent FBI data indicates that Española has seen significant declines in both property and violent crime rates over the past decade, making it safer compared to the national average.

Learn more about living in Espanola

Frequently Asked Questions

How much does it cost to rent a home in Espanola, NM?
The median rent for a home in Espanola, NM is $2,500 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Espanola, NM?
To comfortably afford the median rent in Espanola, NM, a household needs to earn roughly $100,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,500 per month in Espanola, NM, renters typically need to show $7,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Espanola, NM?
In Espanola, NM, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in Espanola, NM

There are currently 3 homes available for rent in Espanola, NM. The median rent is $2,500 per month, with single-family homes renting at $2,500.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$2,500
Median Single Family Home Rent
$2,500
How to Rent a Home

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