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$1,600 - $2,250Studio to 2 Bedroom Apartments Available Now
Wintergreen Apartments
10800 Golf Course Rd NWAlbuquerque, NM 87114
Cheap Apartments for Rent in the Rio Rancho Neighborhood of Albuquerque, NM from $814 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Rancho area of Albuquerque.
10627 Brookline Pl NW
AlbuquerqueNM87114
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$940 - $1,3371 to 3 Bedroom Apartments Available Now
Arrowhead Ridge
4515 Arrowhead Ridge Dr SERio Rancho, NM 87124
55 Darlene Rd SE
Rio RanchoNM87124
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$1,098Studio Apartments Available Soon
The Panorama
1465 Rio Rancho Blvd SERio Rancho, NM 87124
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Rent Specials
$1,150 - $1,635Studio to 2 Bedroom Apartments Available Now
Blue Agave Villas
4101 Meadowlark Ln SERio Rancho, NM 87124
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$1,197 - $1,567
Total Monthly Price
Base Rent$1,197 - $1,567
Total Monthly PriceVaries
Entrada Pointe
900 Country Club DrRio Rancho, NM 87124
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.
652 Vancouver Rd SE
Rio RanchoNM87124
906-906 Los Reyes Ct SE
Rio RanchoNM87124
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Rent Specials
$1,319 - $1,6951 to 2 Bedroom Apartments Available Now
Meadowlark Apartments
4201 Meadowlark Ln SERio Rancho, NM 87124
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$1,591 - $2,7891 to 3 Bedroom Apartments Available Now
The Eleanor at Rio Rancho
2301 Westside BlvdRio Rancho, NM 87124
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Rent Specials
$1,636 - $2,0102 to 3 Bedroom Apartments Available Now
Via Vista Apartment Community
532 Cancun Loop NERio Rancho, NM 87124
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1 to 2 Bedroom Apartments
Felician Villa I - Senior 55+
1301 Stephanie Rd SERio Rancho, NM 87124
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1 to 2 Bedroom Apartments
Felician Villa II - Senior 55+
1325 Stephanie RdRio Rancho, NM 87124
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 3 Bedroom Apartments
Links at High Resort
201 Pinnacle Dr SERio Rancho, NM 87124
827 Country Club Dr SE
Rio RanchoNM87124
1324 Lil Ave NE
Rio RanchoNM87144
4256 Sabana Loop SE
Rio RanchoNM87124
3031 Southern Blvd SE
Rio RanchoNM87124
931 Country Club Dr SE
Rio RanchoNM87124
1105 Meadowlark Way SE
Rio RanchoNM87124
Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.
1247 Villa Dr SE
Rio RanchoNM87124
Showing Results 1-22, Page 1 of 1
Rio Rancho, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Rio Rancho?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Rancho Studio Apartments | $1,492 | $1,098 | $2,385 |
| Rio Rancho 1 Bedroom Apartments | $1,570 | $961 | $2,238 |
| Rio Rancho 2 Bedroom Apartments | $1,756 | $940 | $2,894 |
| Rio Rancho 3 Bedroom Apartments | $2,284 | $1,066 | $3,500 |
| Rio Rancho 4 Bedroom Apartments | $6,558 | $2,715 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Rio Rancho Neighborhood of Albuquerque, NM.
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Rio Rancho, Albuquerque, NM Local Guide
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Cheapest Available Rio Rancho Apartments for Rent
The cheapest available apartment rental in the Rio Rancho area of Albuquerque, NM is a 2 Beds unit found at Arrowhead Ridge priced from $940. Blue Agave Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,285. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arrowhead Ridge | Two Bed/Two Bath - 60% AMI | 2BR, 2BA | $940 |
| Blue Agave Villas | The Grove | 1BR, 1BA | $1,285 |
| Meadowlark Apartments | 1x1 | 1BR, 1BA | $1,319 |
| Links at High Resort | Coronado | 1BR, 1BA | $1,345 |
| Entrada Pointe | Two Bedroom Two Bathroom | 2BR, 2BA | $1,567 |
Best Value Apartments for Rent in Rio Rancho, NM
As of September 19, 2026 the best value apartment in the Rio Rancho area is the $1.81 price per square foot B4 Duplex Model at The Eleanor at Rio Rancho in the Sunrise Village at Northern Meadows neighborhood starting from $2,087. The second greatest value Rio Rancho apartment is the Jade Model at Via Vista Apartment Community in the Sunrise Village at Northern Meadows neighborhood starting at $1,976 with a $1.73 price per square foot. Here is today’s list of the best values for Rio Rancho apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Eleanor at Rio Rancho | B4 Duplex | 2BR, 2.5BA | $1.81 |
| Via Vista Apartment Community | Jade | 3BR, 2BA | $1.73 |
| Arrowhead Ridge | Three Bed/Two Bath - 60% AMI | 3BR, 2BA | $1.24 |
| Entrada Pointe | Two Bedroom Two Bathroom | 2BR, 2BA | $1.74 |
| Links at High Resort | Coronado | 1BR, 1BA | $1.53 |
| Meadowlark Apartments | 1x1 | 1BR, 1BA | $1.95 |
| Wintergreen Apartments | Studio Unit | Studio, 1BA | $2.45 |
| Blue Agave Villas | The Grove | 1BR, 1BA | $2.14 |
| Affinity at Albuquerque 55+ | 0x1 - A1 | Studio, 1BA | $3.68 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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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.
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Best Local Schools in Rio Rancho, Albuquerque, NM
Puesta Del Sol Elementary School
Rio Rancho Public Schools
Public School - Grades K-5 (539)
5 out of 10
School data provided by Great Schools
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!
Frequently Asked Questions about Cheap Rio Rancho Apartments
What is a cheap apartment in Rio Rancho?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rio Rancho is under $1,995.
What is the price of a cheap apartment in Rio Rancho?
The cheapest apartment in Rio Rancho is Blue Agave Villas which is listed at $1,285, while the average apartment in Rio Rancho costs $1,659.
What types of apartments are the cheapest in Rio Rancho?
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 11 regular apartments in Rio Rancho 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 Rio Rancho?
Cheap apartments in Rio Rancho have an average cost of $172 which is $1,487 cheaper than the average rent for all rentals in Rio Rancho.
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
Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.
Albuquerque Uncovered: Your Local Expert's 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.
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.
A Local Expert's 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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.