Cheap Apartments for Rent near Rio Communities, NM from $500 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in Rio Communities.

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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The French Quarter
Rent Specials
$850 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $995
Total Monthly Price
$850 - $995
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
Corporate Housing
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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Diamond Mesa
$1,466 - $9,226
Total Monthly Price

Total Monthly Price

Base Rent
$1,466 - $9,226
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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University Village
Studio Apartments

University Village

1901 University Blvd SEAlbuquerque, NM 87106
Corporate Housing
  • Utilities Included
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Madeira Court
Studio to 1 Bedroom Apartments

Madeira Court

1001 Madeira Dr SEAlbuquerque, NM 87108
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509 Girard Terrace
Studio to 2 Bedroom Apartments

509 Girard Terrace

509 Girard Blvd SEAlbuquerque, NM 87106
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Adobe Manor Apartments
Studio Apartments

Adobe Manor Apartments

7412 Central Ave SWAlbuquerque, NM 87121
  • Utilities Included
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Route 66 Headquarters
Studio to 1 Bedroom Apartments

Route 66 Headquarters

9317 Central Ave NWAlbuquerque, NM 87121
  • Utilities Included
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Pine St Studios
Studio to 2 Bedroom Apartments

Pine St Studios

414 Pine St SEAlbuquerque, NM 87106

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 2800 Vail Ave SE

$850 - $1,080

Studio To 1 Bedroom Rentals

Available Now

2800 Vail Ave SE

AlbuquerqueNM87106
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Don Quixote Apartments
Studio to 2 Bedroom Apartments

Don Quixote Apartments

1811 Lead Ave SEAlbuquerque, NM 87106
  • Utilities Included
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El Campo Apartments
Studio to 1 Bedroom Apartments

El Campo Apartments

5800 Central Ave SWAlbuquerque, NM 87105
  • Utilities Included
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Ceja Vista Senior 55+
1 to 2 Bedroom Apartments

Ceja Vista Senior 55+

10001 Ceja Vista Rd SWAlbuquerque, NM 87121
Senior Living
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Imperial
Studio to 2 Bedroom Apartments

Imperial

205 Silver Ave SWAlbuquerque, NM 87102
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The Valencia
1 to 3 Bedroom Apartments

The Valencia

1020 Valencia DrAlbuquerque, NM 87108
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Aspen Ridge
2 to 4 Bedroom Apartments

Aspen Ridge

820 Louisiana Blvd SEAlbuquerque, NM 87108
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Continental Flats
1 to 2 Bedroom Apartments

Continental Flats

1201-1229 Palomas Dr SEAlbuquerque, NM 87108

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.

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Rio Communities, NM Local Guide

Cheapest Available Rio Communities Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rio Communities, NM is a Studio unit found at The Loop at 950 in the South San Pedro neighborhood priced from $645. Home @ Valencia in the South San Pedro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Rio Communities apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
Home @ Valencia1bd/1ba1BR,1BA$695
Diamond Elite Luxury TownhomesStudio/1 BathStudio,1BA$699
White Oak Apartments1x11BR,1BA$716
Millennium FlatsUnit Type AStudio,1BA$775
Vail Manor ApartmentsStudioStudio,1BA$790
Sage at 6010 x 1 BStudio,1BA$799
The Portals ApartmentsA11BR,1BA$800
La Vida NuevaStudiosStudio,1BA$800
Madeira CourtStudioStudio,1BA$815

Best Value Apartments for Rent in Rio Communities, NM and Nearby

As of July 31, 2026 the best value apartment in the Rio Communities area is the $1.28 price per square foot Three Bedroom Model at Taylor Ridge Apartments in the in the Southwest Quadrant neighborhood starting from $1,600. The second greatest value Rio Communities apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,150 with a $1.15 price per square foot in the Southeast Quadrant neighborhood. Here is today’s list of the best values for Rio Communities apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Taylor Ridge ApartmentsThree Bedroom3BR,2BA$1.28
Four Seasons2br apartment corner unit2BR,1BA$1.15
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.20
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
Generations at West MesaTwo Bedroom One Bathroom 768 Sq Ft2BR,1BA$1.34
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
The Portals ApartmentsA11BR,1BA$1.14
White Oak Apartments1x11BR,1BA$1.03
The Lanai Apartments1BD/1B1BR,1BA$1.38
Home @ Valencia1bd/1ba1BR,1BA$1.26

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.

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Real 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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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rio Communities, NM Rentals by Map

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See the most popular apartments and homes in Rio Communities, NM

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Frequently Asked Questions about Cheap Rio Communities Apartments

What is the Cheapest Studio apartment in Rio Communities?

Currently the most affordable Cheap Studio Apartment in Rio Communities is at The Loop at 950 listed at $645.

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

The lowest price for a Cheap One Bedroom Rio Communities Apartment is $695 at Home @ Valencia.

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

Today's best deal for a Cheap Two Bedroom Apartment in Rio Communities is starting from $925 at The Loop at 950.

What is the most affordable Rio Communities Three Bedroom Apartment?

The best deal on a cheap Rio Communities Three Bedroom Apartment rental is at Aspen Ridge and starts from $1,184.

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

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.