Cheap Apartments for Rent in the Rio Rancho Neighborhood of Albuquerque, NM from $900 (12 Rentals)

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

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.

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.

Rio Rancho, Albuquerque, NM Local Guide

Cheapest Available Rio Rancho Apartments for Rent

 

The cheapest available apartment rental in the Rio Rancho area of Albuquerque, NM is a 1 Bed unit found at Felician Villa I - Senior 55+ priced from $929. Blue Agave Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Felician Villa I - Senior 55+One Bedroom1BR,1BA$929
Blue Agave VillasThe Bandelier1BR,1BA$1,295
Links at High ResortCoronado1BR,1BA$1,330
Meadowlark Apartments1x11BR,1BA$1,359
Wintergreen ApartmentsStudio UnitStudio,1BA$1,600

Best Value Apartments for Rent in Rio Rancho, NM

As of June 10, 2025 the best value apartment in the Rio Rancho area is the $1.64 price per square foot Citrine Model at Via Vista Apartment Community in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,710. The second greatest value Rio Rancho apartment is the Coronado Model at Links at High Resort starting at $1,330 with a $1.51 price per square foot in the Sunrise Village at Northern Meadows neighborhood. Here is today’s list of the best values for Rio Rancho apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Via Vista Apartment CommunityCitrine2BR,2BA$1.64
Links at High ResortCoronado1BR,1BA$1.51
Meadowlark Apartments1x11BR,1BA$2.01
Wintergreen ApartmentsStudio UnitStudio ,1BA$2.45
Felician Villa I - Senior 55+One Bedroom1BR,1BA$1.44
Blue Agave VillasThe Grove1BR,1BA$2.11
Affinity at Albuquerque 55+0x1 - A1Studio ,1BA$3.68
PanoramaStudio AStudio ,1BA$3.11
Furnished Studio-Albuquerque - Rio RanchoFurnished Studio-Albuquerque - Rio RanchoStudio ,1BA$4.95
Furnished Studio-Albuquerque - Rio Rancho Furnished Studio-Albuquerque - Rio Rancho ...Studio ,1BA$6.29

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Pet Friendly Lifestyle
Rio Rancho, Albuquerque, NM

Ranked #225

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across New Mexico including Rio Rancho, Albuquerque, and the greater Albuquerque area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Rio Rancho Neighborhood in Albuquerque, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Rio Rancho Apartments

What is the Cheapest Studio apartment in Rio Rancho?

Currently the most affordable Cheap Studio Apartment in Rio Rancho is at Panorama listed at $1,200.

How much is rent for a Cheap One Bedroom Rio Rancho Apartment?

The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $929 at Felician Villa I - Senior 55+.

What is the lowest price for a Cheap Two Bedroom Rio Rancho Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rio Rancho is starting from $1,104 at Felician Villa I - Senior 55+.

What is the most affordable Rio Rancho Three Bedroom Apartment?

The best deal on a cheap Rio Rancho Three Bedroom Apartment rental is at Links at High Resort and starts from $1,735.

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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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.

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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.