
Cheap Homes for Rent in Rancho Encantado Neighborhood of Albuquerque, NM from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Rancho Encantado area of Albuquerque.


522 14th St NW

816 13th St NW
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.

819 8th St NW

706 Fruit Ave NW

3717 Alamogordo Dr NW
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.
Rancho Encantado, Albuquerque, NM Local Guide

How much does it cost to rent a home in Rancho Encantado?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rancho Encantado 2 Bedroom Homes for Rent | $2,214 | $1,350 | $5,200 |
| Rancho Encantado 3 Bedroom Homes for Rent | $2,130 | $1,750 | $3,195 |
| Rancho Encantado 4 Bedroom Homes for Rent | $2,215 | $2,000 | $2,495 |
| Rancho Encantado 5 Bedroom Homes for Rent | $3,747 | $3,300 | $4,195 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 3 mile radius of the Rancho Encantado Neighborhood of Albuquerque, NM.
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Rancho Encantado, Albuquerque, NM Local Guide
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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 $875. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $875 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Villa Hermosa | The Pueblo | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Rancho Encantado, NM
As of April 28, 2026 the best value apartment in the Rancho Encantado area is the $1.67 price per square foot 817 Slate Ave NW Model at 817 Slate Ave NW, Unit 817 in the in the Hunning Highland neighborhood starting from $2,000. The second greatest value Rancho Encantado apartment is the 2BR/2.0BA Model at Villas @ Rio starting at $1,895 with a $1.75 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. |
|---|---|---|---|
| 817 Slate Ave NW, Unit 817 | 817 Slate Ave NW | 2BR,1BA | $1.67 |
| Villas @ Rio | 2BR/2.0BA | 2BR,2BA | $1.75 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Villa Hermosa | The Pueblo | 2BR,1BA | $1.19 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.69 |
| Las Mananitas Apartments | Avalon | 1BR,1BA | $1.80 |
| Del Rio Apartments | Aspen | 1BR,1BA | $1.72 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.38 |
| Aydan | Pinon Renovated | 1BR,1BA | $1.96 |
| Valley Apartments | Azure Platinum | 1BR,1BA | $1.93 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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 ArticleThe 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.
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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
Frequently Asked Questions about Rancho Encantado
What type of rentals are currently available in Rancho Encantado?
There are currently 88 Apartments for Rent in Rancho Encantado, NM with pricing that ranges from $825 to $4,305. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rancho Encantado ranging from $900 to $5,200.
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 $900 to $5,200 with an average monthly rent of $2,194.
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 $1,341 to $4,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,195. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,600.
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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.