Search the lowest-cost Apartments available for rent right now in the Rancho Encantado area of Albuquerque.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Encantado Studio Apartments | $1,011 | $780 | $1,500 |
| Rancho Encantado 1 Bedroom Apartments | $1,350 | $825 | $2,646 |
| Rancho Encantado 2 Bedroom Apartments | $1,553 | $1,073 | $3,995 |
| Rancho Encantado 3 Bedroom Apartments | $1,946 | $1,232 | $3,905 |
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 AlbuquerqueThe cheapest available apartment rental in the Rancho Encantado area of Albuquerque, NM is a Studio unit found at Carousel priced from $740. Tierra Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable Rancho Encantado apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carousel | 0 Bedroom 1 Bath - 38720 | Studio,1BA | $740 |
| Tierra Pointe | S1 | Studio,1BA | $780 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Villa Hermosa | The Aztec | 1BR,1BA | $969 |
As of March 22, 2026 the best value apartment in the Rancho Encantado area is the $1.54 price per square foot Cordoba 1LVF Model at Andalucia Villas in the in the Northwest Quadrant neighborhood starting from $2,215. The second greatest value Rancho Encantado apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $2,075 with a $1.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Andalucia Villas | Cordoba 1LVF | 3BR,2BA | $1.54 |
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.92 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.58 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.73 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
| Mesa Ridge Apartments | The Iris | 1BR,1BA | $1.76 |
| Carousel | 0 Bedroom 1 Bath - 38721 | Studio ,1BA | $1.50 |
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleFind 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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Read ArticleThe 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.
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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.
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rancho Encantado is under $1,245.
The cheapest apartment in Rancho Encantado is Volcanes Commons which is listed at $902, while the average apartment in Rancho Encantado costs $2,132.
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 27 regular apartments in Rancho Encantado that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Rancho Encantado have an average cost of $234 which is $1,898 cheaper than the average rent for all rentals in Rancho Encantado.
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.
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