Cheap Apartments for Rent in the Rancho Encantado Neighborhood of Albuquerque, NM from $400 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rancho Encantado area of Albuquerque.

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Valley Apartments
$981 - $1,498
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$981 - $1,498

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Aydan
$1,245 - $1,995
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$1,245 - $1,995

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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Stride West
$1,257 - $2,448
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$1,257 - $2,448

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1 to 2 Bedroom Apartments Available Now

Stride West

6101 Sequoia Rd NWAlbuquerque, NM 87120
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Taylor Ranch
Rent Specials
$1,279 - $1,635
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$1,279 - $1,635

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$1,279 - $1,635
1 to 2 Bedroom Apartments Available Now

Taylor Ranch

5601 Taylor Ranch Rd NWAlbuquerque, NM 87120
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Tucson Apartments
2 Bedroom Apartments

Tucson Apartments

5401-5405 Tucson Rd NWAlbuquerque, NM 87120
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
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5315 Yucca Cir NE
2 Bedroom Apartments

5315 Yucca Cir NE

5315 Yucca Cir NEAlbuquerque, NM 87120

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.

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Canon de Arrowhead
1 to 3 Bedroom Apartments

Canon de Arrowhead

1700 Market St NWAlbuquerque, NM 87120
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Volcanes Commons
1 to 3 Bedroom Apartments

Volcanes Commons

6901 Glenrio Rd NWAlbuquerque, NM 87121
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Tierra Pointe
Studio to 3 Bedroom Apartments

Tierra Pointe

6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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The Franz
Studio to 1 Bedroom Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104

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.

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Old Town Casitas
1 to 2 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104
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Phoenix Apartments
1 to 3 Bedroom Apartments

Phoenix Apartments

1720 Atrisco Dr NWAlbuquerque, NM 87105

Cash 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.

Rancho Encantado, Albuquerque, NM Local Guide

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 Tierra Pointe priced from $962. Welcome Home To Rio Volcan! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here are the most affordable Rancho Encantado apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Tierra PointeA11BR,1BA$962
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$964
Villa HermosaThe Pueblo2BR,1BA$1,008
Valley ApartmentsAzure Platinum1BR,1BA$1,096
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1,154
Mesa Ridge ApartmentsThe Rose1BR,1BA$1,169
The Artisan @ Sawmill VillageRetail SpaceStudio,$1,190
Del Rio ApartmentsAspen1BR,1BA$1,239
AydanPinon Renovated1BR,1BA$1,245
Villas @ Rio1BR/1.0BA1BR,1BA$1,425

Best Value Apartments for Rent in Rancho Encantado, NM

As of July 05, 2026 the best value apartment in the Rancho Encantado area is the $1.26 price per square foot The Sandia Model at Villa Hermosa in the in the Northwest Quadrant neighborhood starting from $1,473. The second greatest value Rancho Encantado apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $1,900 with a $1.76 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Rancho Encantado apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villa HermosaThe Sandia3BR,2BA$1.26
Villas @ Rio2BR/2.0BA2BR,2BA$1.76
Monterey PlaceTwo Bedroom - Two Bath2BR,2BA$1.59
Taylor RanchAspen (Premium)2BR,2BA$1.55
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.25
Stride Westa10ar - Renovated1BR,1BA$1.80
Mesa Ridge ApartmentsThe Rose1BR,1BA$1.61
Del Rio ApartmentsAspen1BR,1BA$1.72
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.38
Valley ApartmentsAzure Platinum1BR,1BA$1.81

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.

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Don'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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 the price of a cheap apartment in Rancho Encantado?

The cheapest apartment in Rancho Encantado is Tierra Pointe which is listed at $962, while the average apartment in Rancho Encantado costs $2,240.

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 18 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 $203 which is $2,037 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.

Helpful Local Expert Guides

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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.

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The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

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I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.