
Cheap Apartments for Rent in the Rancho Encantado Neighborhood of Albuquerque, NM from $400 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rancho Encantado area of Albuquerque.


Tierra Pointe

The Beach

Volcanes Commons

Villa Hermosa

Mesa Ridge Apartments

Stride West
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

Valley Apartments

Aydan

Del Rio Apartments

Tucson Apartments

Villa Nueva Senior Apartments

Sawmill Lofts

5315 Yucca Cir NE
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Marbella-Income Restricted Waitlist

Welcome Home To Rio Volcan!

The Franz

Old Town Casitas

916 Lomas Blvd NW

1440 Griegos Rd NW

Canon de Arrowhead
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Rancho Encantado, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Rancho Encantado?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Encantado Studio Apartments | $937 | $760 | $1,500 |
| Rancho Encantado 1 Bedroom Apartments | $1,333 | $902 | $2,125 |
| Rancho Encantado 2 Bedroom Apartments | $1,518 | $1,011 | $3,899 |
| Rancho Encantado 3 Bedroom Apartments | $1,982 | $1,232 | $3,195 |
| Rancho Encantado 4 Bedroom Apartments | $2,178 | $2,178 | $2,178 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 3 mile radius of the Rancho Encantado Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Rancho Encantado, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Rancho Encantado Apartments for Rent
 The cheapest available apartment rental in the Rancho Encantado area of Albuquerque, NM is a Studio unit found at Tierra Pointe priced from $789. Volcanes Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $902. Here are the most affordable Rancho Encantado apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $789 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Stride West | a10a | 1BR,1BA | $1,017 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1,064 |
Best Value Apartments for Rent in Rancho Encantado, NM
As of February 01, 2026 the best value apartment in the Rancho Encantado area is the $1.78 price per square foot Grand Platinum Model at Valley Apartments in the in the Rancho Encantado neighborhood starting from $1,686. The second greatest value Rancho Encantado apartment is the 2 bedroom 2 bath Model at Canon de Arrowhead starting at $1,154 with a $1.25 price per square foot in the Alamosa neighborhood. Here is today’s list of the best values for Rancho Encantado apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Valley Apartments | Grand Platinum | 3BR,2BA | $1.78 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Villa Hermosa | The Pueblo Casita | 2BR,1BA | $1.32 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.50 |
| Las Mananitas Apartments | Avalon | 1BR,1BA | $1.86 |
| Phoenix Apartments: Rises Above the Rest! | 2 bedroom 1 bath | 2BR,1BA | $1.90 |
| Mesa Ridge Apartments | The Sage | 1BR,1BA | $1.63 |
| Aydan | Pinon Renovated | 1BR,1BA | $1.80 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Rancho Encantado, Albuquerque, NM
School data provided by Great Schools
Lifestyle Ratings
Our team compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Albuquerque. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Rancho Encantado Apartments
What is a cheap apartment in Rancho Encantado?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rancho Encantado is under $1,331.
What is the price of a cheap apartment in Rancho Encantado?
The cheapest apartment in Rancho Encantado is Volcanes Commons which is listed at $902, while the average apartment in Rancho Encantado costs $2,178.
What types of apartments are the cheapest in Rancho Encantado?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 33 regular apartments in Rancho Encantado that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Rancho Encantado?
Cheap apartments in Rancho Encantado have an average cost of $234 which is $1,944 cheaper than the average rent for all rentals in Rancho Encantado.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.