Cheap Apartments for Rent in Rio Rancho, NM from $600 (43 Rentals)

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

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Entrada Pointe
Rent Specials
$1,197 - $1,580
Total Monthly Price

Total Monthly Price

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$1,197 - $1,580
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Entrada Pointe

900 Country Club DrRio Rancho, NM 87124
Affordability
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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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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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Odyssey Apartments
$1,070 - $1,985
Total Monthly Price

Total Monthly Price

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$1,070 - $1,985
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Studio to 3 Bedroom Apartments Available Now

Odyssey Apartments

10600 Cibola Loop NWAlbuquerque, NM 87114
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Circ
Rent Specials
$1,382 - $2,160
Total Monthly Price

Total Monthly Price

Base Rent
$1,382 - $2,160
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Circ

10300 Golf Course Rd NWAlbuquerque, NM 87114
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Cantata at the Trails
Rent Specials
$1,402 - $3,349
Total Monthly Price

Total Monthly Price

Base Rent
$1,402 - $3,349
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1 to 3 Bedroom Apartments Available Now

Cantata at the Trails

6700 Cantata St NWAlbuquerque, NM 87114
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SkyStone Apartments
$1,570 - $6,067
Total Monthly Price

Total Monthly Price

Base Rent
$1,570 - $6,067
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Varies
1 to 3 Bedroom Apartments Available Now

SkyStone Apartments

10800 Cibola Loop NWAlbuquerque, NM 87114
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Sandia Vista
1 to 3 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Arroyo Villas
1 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
Showing Results 1-43, 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 1 Bed unit found at Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Arrowhead Ridge in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,066. Here is today’s list of the most affordable Rio Rancho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Arrowhead RidgeMesa 50%3BR,2BA$1,066
The PanoramaStudio BStudio,1BA$1,098
La Cantera Senior Apartments2x12BR,1BA$1,141
Entrada PointeStudioStudio,1BA$1,197
Odyssey Apartmentsb20a2BR,2BA$1,197
Puerta Del SolThe Barcelona1BR,1BA$1,249
City View1 Bed 1 Bath1BR,1BA$1,255
The AspensBirch - Phase II1BR,1BA$1,275
Blue Agave VillasThe Grove1BR,1BA$1,280

Best Value Apartments for Rent in Rio Rancho, NM

As of April 26, 2026 the best value apartment in the Rio Rancho area is the $1.67 price per square foot Verdant Model at Via Verde in the in the Paradise Hills neighborhood starting from $2,235. The second greatest value Rio Rancho apartment is the 2 X 2.5 (1-Car Gar) Model at Terra at Enchanted Hills starting at $1,999 with a $1.64 price per square foot in the Encantado del Norte Heritage Series 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 VerdeVerdant2BR,2.5BA$1.67
Terra at Enchanted Hills2 X 2.5 (1-Car Gar)2BR,2.5BA$1.64
CircBallard3BR,2BA$1.74
Arrowhead RidgeMesa 60%3BR,2BA$1.24
Via Vista Apartment CommunityCitrine Reno2BR,2BA$1.56
Eagle Ranch ApartmentsAlisal2BR,2BA$1.61
La Cantera Senior Apartments2x12BR,1BA$1.21
Links at High ResortCoronado1BR,1BA$1.59
Cottonwood RanchMaple (Updated)1BR,1BA$1.69
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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
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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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The 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.

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Cash 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.

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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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Rio Rancho, NM

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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 The 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 $993 at Casa de Encantada Senior 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 $1,141 at La Cantera Senior 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 Arrowhead Ridge and starts from $1,066.

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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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.