Cheap Homes for Rent in Rio Rancho Neighborhood of Albuquerque, NM from $1,300 (16 Rentals)

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

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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 Blue Agave Villas priced from $995. Panorama has the second lowest priced unit, which is a Studio apartment currently listed from $1,098. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Blue Agave VillasThe Grove1BR,1BA$995
PanoramaStudio BStudio,1BA$1,098
Entrada PointeStudioStudio,1BA$1,173
Via Vista Apartment CommunityCitrine2BR,2BA$1,525
Links at High ResortCoronado1BR,1BA$1,585

Best Value Apartments for Rent in Rio Rancho, NM

As of September 11, 2025 the best value apartment in the Rio Rancho area is the $1.72 price per square foot Quartz Reno Model at Via Vista Apartment Community in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,995. The second greatest value Rio Rancho apartment is the 4257 Sabana Loop SE Model at 4257 Sabana Loop SE, Unit D starting at $1,400 with a $1.40 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 CommunityQuartz Reno3BR,2BA$1.72
4257 Sabana Loop SE, Unit D4257 Sabana Loop SE2BR,2BA$1.40
Links at High ResortCoronado1BR,1BA$1.80
Affinity at Albuquerque 55+1x1 - B11BR,1BA$2.61
Wintergreen ApartmentsStudio UnitStudio ,1BA$2.48
Blue Agave VillasThe Bandelier1BR,1BA$2.08
Entrada PointeStudioStudio ,1BA$2.88
PanoramaStudio BStudio ,1BA$3.26
Furnished Studio-Albuquerque - Rio RanchoFurnished Studio-Albuquerque - Rio RanchoStudio ,1BA$5.53
Furnished Studio-Albuquerque - Rio Rancho Furnished Studio-Albuquerque - Rio Rancho ...Studio ,1BA$6.51

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Pet Friendly Lifestyle
Rio Rancho, Albuquerque, NM

Ranked #289

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,330 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 $1,330 to $3,750 with an average monthly rent of $2,260.

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 $1,885 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $2,100.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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