545 Montego Dr SE
Rio RanchoNM87124
Cheap Apartments for Rent in the Rio Rancho Neighborhood of Albuquerque, NM from $800 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Rancho area of Albuquerque.
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$814 - $9651 to 2 Bedroom Apartments Contact Us For Availability
Felician Villa I - Senior 55+
1301 Stephanie Rd SERio Rancho, NM 87124
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$970 - $1,098Studio Apartments Available Now
Panorama
1465 Rio Rancho Blvd SERio Rancho, NM 87124
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Rent Specials
$1,125 - $1,595Studio to 2 Bedroom Apartments Available Now
Blue Agave Villas
4101 Meadowlark Ln SERio Rancho, NM 87124
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$1,173 - $1,583Studio to 2 Bedroom Apartments Available Now
Entrada Pointe
900 Country Club DrRio Rancho, NM 87124
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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Rent Specials
$1,315 - $1,9811 to 2 Bedroom Apartments Available Now
Meadowlark Apartments
4201 Meadowlark Ln SERio Rancho, NM 87124
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1 to 2 Bedroom Apartments
Felician Villa II - Senior 55+
1325 Stephanie RdRio Rancho, NM 87124
95 Darlene Rd SE
Rio RanchoNM87124
823 Country Club Dr SE
Rio RanchoNM87124
4313 Sabana Loop SE
Rio RanchoNM87124
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
4216 Russel Ct NE
Rio RanchoNM87124
Showing Results 1-11, 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 | $1,253 | $970 | $1,970 |
| Rio Rancho 1 Bedroom Apartments | $1,711 | $814 | $2,257 |
| Rio Rancho 2 Bedroom Apartments | $2,066 | $965 | $2,909 |
| Rio Rancho 3 Bedroom Apartments | $2,208 | $1,610 | $3,500 |
| Rio Rancho 4 Bedroom Apartments | $2,395 | $2,395 | $2,395 |
Browse Apartments in this Neighborhood
There are currently 11 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 Studio unit found at Panorama priced from $1,098. Blue Agave Villas has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Panorama | Studio B | Studio,1BA | $1,098 |
| Blue Agave Villas | The Roadrunner | Studio,1BA | $1,125 |
| Entrada Pointe | Studio | Studio,1BA | $1,173 |
| Meadowlark Apartments | 1x1 | 1BR,1BA | $1,315 |
| Wintergreen Apartments | Studio Unit | Studio,1BA | $1,450 |
Best Value Apartments for Rent in Rio Rancho, NM
As of January 19, 2026 the best value apartment in the Rio Rancho area is the $1.77 price per square foot Amber Model at Via Vista Apartment Community in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,744. The second greatest value Rio Rancho apartment is the Coronado Model at Links at High Resort starting at $1,460 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Via Vista Apartment Community | Amber | 2BR,2BA | $1.77 |
| Links at High Resort | Coronado | 1BR,1BA | $1.66 |
| The Eleanor at Rio Rancho | A4 | 1BR,1BA | $3.00 |
| Affinity at Albuquerque 55+ | 1x1 - B1 | 1BR,1BA | $2.61 |
| Meadowlark Apartments | 1x1 | 1BR,1BA | $1.95 |
| Wintergreen Apartments | Studio Unit | Studio ,1BA | $2.22 |
| Blue Agave Villas | The Roadrunner | Studio ,1BA | $2.47 |
| Entrada Pointe | Studio | Studio ,1BA | $2.88 |
| Panorama | Studio B | Studio ,1BA | $3.26 |
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.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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.
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Best Local Schools in Rio Rancho, Albuquerque, NM
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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!
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 $1,098.
How much is rent for a Cheap One Bedroom Rio Rancho Apartment?
The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $1,260 at Entrada Pointe.
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 $1,516 at Entrada Pointe.
What is the most affordable Rio Rancho Three Bedroom Apartment?
The best deal on a cheap Rio Rancho Three Bedroom Apartment rental is at Via Vista Apartment Community and starts from $1,610.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.