
Cheap Apartments for Rent in the Rancho Encantado Neighborhood of Albuquerque, NM from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rancho Encantado area of Albuquerque.


The Beach

Volcanes Commons

Tierra Pointe

Welcome Home To Rio Volcan!

Villa Hermosa
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.

560 Estancia Dr NW

Mesa Ridge Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,364 | $840 | $2,286 |
Rancho Encantado 1 Bedroom Apartments | $1,479 | $902 | $2,340 |
Rancho Encantado 2 Bedroom Apartments | $1,715 | $697 | $3,500 |
Rancho Encantado 3 Bedroom Apartments | $2,002 | $799 | $5,777 |
Rancho Encantado 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 14 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 1 Bed unit found at Volcanes Commons priced from $902. Tierra Pointe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $951. Here are the most affordable Rancho Encantado apartments for rent in Albuquerque, NM:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
Tierra Pointe | B1 | 2BR,1BA | $951 |
Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
Villa Hermosa | The Aztec | 1BR,1BA | $969 |
The Artisan @ Sawmill Village | Retail Space | Studio, | $1,120 |
Best Value Apartments for Rent in Rancho Encantado, NM
As of June 09, 2025 the best value apartment in the Rancho Encantado area is the $1.59 price per square foot Delray Model at Las Mananitas Apartments in the in the Northwest Quadrant neighborhood starting from $1,725. The second greatest value Rancho Encantado apartment is the Grand Platinum Model at Valley Apartments starting at $1,494 with a $1.58 price per square foot in the North Valley 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. |
---|---|---|---|
Las Mananitas Apartments | Delray | 2BR,2BA | $1.59 |
Valley Apartments | Grand Platinum | 3BR,2BA | $1.58 |
Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
Aydan | Sage Renovated | 2BR,2BA | $1.80 |
Stride West | a10ar - Renovated | 1BR,1BA | $1.77 |
Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
Tierra Pointe | S1 | Studio ,1BA | $2.34 |
Quick 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.
Pet Friendly LifestyleRancho Encantado, Albuquerque, NM
Ranked #127
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,233.
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 $2,000.
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 24 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 $302 which is $1,698 cheaper than the average rent for all rentals in Rancho Encantado.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.