Cheap Apartments for Rent in Rio Rancho, NM from $700 (27 Rentals)

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

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Sandia Vista
2 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Arroyo Villas
2 to 3 Bedroom Apartments

Arroyo Villas

4701 Irving Blvd NWAlbuquerque, NM 87114
  • Utilities Included
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The Orchards
1 to 2 Bedroom Apartments

The Orchards

247 U.S. 550Bernalillo, NM 87004
  • Utilities Included
property at 247 US-550

247 US-550

BernalilloNM87004
Showing Results 1-27, Page 1 of 1

Rio Rancho, NM Local Guide

Cheapest Available Rio Rancho Apartments for Rent

 

The cheapest available apartment rental in Rio Rancho, NM is a Studio unit found at Panorama in the Sunrise Village at Northern Meadows neighborhood priced from $970. Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,036. Here is today’s list of the most affordable Rio Rancho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
PanoramaStudio CStudio,1BA$970
Odyssey ApartmentsStudioStudio,1BA$1,036
The AspensThe Artist Loft1BR,1BA$1,250
Solaire1x1-5691BR,1BA$1,255
Blue Agave VillasThe Grove1BR,1BA$1,265
Puerta Del SolThe Barcelona1BR,1BA$1,299
Meadowlark Apartments1x11BR,1BA$1,299
PrismaScarlet Renovated1BR,1BA$1,325
Links at High ResortCoronado1BR,1BA$1,330
River Walk at Puerta de CorralesTanglewood1BR,1BA$1,355

Best Value Apartments for Rent in Rio Rancho, NM

As of June 29, 2025 the best value apartment in the Rio Rancho area is the $1.51 price per square foot 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,495. The second greatest value Rio Rancho apartment is the Ballard Model at Circ starting at $1,889 with a $1.58 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.
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.51
CircBallard3BR,2BA$1.58
Via VerdeJADE2BR,2BA$1.83
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.45
Via Vista Apartment CommunityAmber Reno2BR,2BA$1.77
Resort at Sandia Village2x2 Reno2BR,2BA$1.85
Eagle Ranch ApartmentsAlisal2BR,2BA$1.63
Links at High ResortCoronado1BR,1BA$1.51
The AspensThe Maple - Phase II1BR,1BA$1.67
PrismaScarlet Renovated1BR,1BA$1.82

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Rio Rancho, NM

Ranked #159

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Rio Rancho, NM

School data provided by Great Schools

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

Explore Rio Rancho, NM Rentals by Map

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

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Getting Around Rio Rancho, NM

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $970.

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

The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $1,088 at Odyssey Apartments.

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 $1,353 at Odyssey Apartments.

What is the most affordable Rio Rancho Three Bedroom Apartment?

The best deal on a cheap Rio Rancho Three Bedroom Apartment rental is at The Aspens and starts from $1,850.

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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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.

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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.

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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.