Cheap Homes for Rent in Rancho Encantado Neighborhood of Albuquerque, NM from $1,500 (16 Rentals)

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

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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 Volcanes Commons priced from $902. Canon de Arrowhead 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
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$902
Canon de Arrowhead1 bedroom 1 bath1BR,1BA$964
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$964
Tierra PointeB12BR,1BA$970
AydanPinon Renovated1BR,1BA$1,105

Best Value Apartments for Rent in Rancho Encantado, NM

As of June 19, 2025 the best value apartment in the Rancho Encantado area is the $1.18 price per square foot 3 bedroom 3 bath Model at Canon de Arrowhead in the in the Ironhorse at El Rancho Grande neighborhood starting from $1,331. The second greatest value Rancho Encantado apartment is the The Sandia Model at Mesa Ridge Apartments starting at $1,284 with a $1.34 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.
Canon de Arrowhead3 bedroom 3 bath3BR,2BA$1.18
Mesa Ridge ApartmentsThe Sandia2BR,2BA$1.34
Villa HermosaThe Pueblo2BR,1BA$1.32
Stride Westa10ar - Renovated1BR,1BA$1.77
Las Mananitas ApartmentsLennox1BR,1BA$1.72
Valley ApartmentsRiver Platinum2BR,1BA$1.64
The Artisan @ Sawmill Village1x1 Market 647 sq.ft.1BR,1BA$2.09
AydanPinon Renovated1BR,1BA$1.75
Welcome Home To Rio Volcan!1 bedroom 1 bath1BR,1BA$1.54
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53

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Frequently Asked Questions about Rancho Encantado

What type of rentals are currently available in Rancho Encantado?

There are currently 90 Apartments for Rent in Rancho Encantado, NM with pricing that ranges from $500 to $5,195. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Encantado ranging from $1,500 to $10,000.

What is the current price range for Rental Homes in Rancho Encantado?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rancho Encantado ranges from $1,500 to $10,000 with an average monthly rent of $2,799.

How much are larger Three and Four Bedroom Rentals in Rancho Encantado?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rancho Encantado range from $799 to $5,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $2,000.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.