Cheap Homes for Rent in Rio Rancho Neighborhood of Albuquerque, NM from $1,400 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 Studio unit found at Panorama priced from $1,098. Entrada Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $1,173. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
PanoramaStudio BStudio,1BA$1,098
Entrada PointeStudioStudio,1BA$1,173
Blue Agave VillasThe Grove1BR,1BA$1,265
Meadowlark Apartments1x11BR,1BA$1,399
Via Vista Apartment CommunityCitrine2BR,2BA$1,649

Best Value Apartments for Rent in Rio Rancho, NM

As of July 28, 2025 the best value apartment in the Rio Rancho area is the $1.47 price per square foot Santa Ana Model at Links at High Resort in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,930. The second greatest value Rio Rancho apartment is the Amber Reno Model at Via Vista Apartment Community starting at $1,675 with a $1.70 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.
Links at High ResortSanta Ana3BR,2BA$1.47
Via Vista Apartment CommunityAmber Reno2BR,2BA$1.70
Affinity at Albuquerque 55+1x1 - B11BR,1BA$2.61
Meadowlark Apartments1x11BR,1BA$2.07
Wintergreen ApartmentsStudio UnitStudio ,1BA$2.52
Blue Agave VillasThe Grove1BR,1BA$2.11
Entrada PointeStudioStudio ,1BA$2.88
PanoramaStudio BStudio ,1BA$3.26
Furnished Studio-Albuquerque - Rio RanchoFurnished Studio-Albuquerque - Rio RanchoStudio ,1BA$4.97
Furnished Studio-Albuquerque - Rio Rancho Furnished Studio-Albuquerque - Rio Rancho ...Studio ,1BA$6.83

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Rio Rancho

What type of rentals are currently available in Rio Rancho?

There are currently 48 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $814 to $3,500. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,400 to $3,750.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rio Rancho ranges from $1,400 to $3,750 with an average monthly rent of $2,744.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rio Rancho range from $1,780 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,200.

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.

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.