Cheap Apartments for Rent in Rio Rancho, NM from $600 (17 Rentals)

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

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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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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Sandia Vista
1 to 3 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
  • Utilities Included

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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Arroyo Villas
1 to 3 Bedroom Apartments

Arroyo Villas

4701 Irving Blvd NWAlbuquerque, NM 87114
  • Utilities Included
Showing Results 1-17, 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 La Cantera Senior Apartments in the Sunrise Village at Northern Meadows neighborhood priced from $956. Cottonwood Ranch in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Rio Rancho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Cantera Senior Apartments1x11BR,1BA$956
Cottonwood RanchJR: Birch (Upgraded)1BR,1BA$975
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Odyssey ApartmentsStudioStudio,1BA$999
River Walk at Puerta de CorralesGreenway LP1BR,1BA$1,074

Best Value Apartments for Rent in Rio Rancho, NM

As of December 20, 2025 the best value apartment in the Rio Rancho area is the $1.50 price per square foot 2 BD/ 2.5 BA Model at 9368 Valley View Dr NW in the in the Northwest Quadrant neighborhood starting from $1,800. The second greatest value Rio Rancho apartment is the Alisal Model at Eagle Ranch Apartments starting at $1,554 with a $1.62 price per square foot in the Northwest Quadrant 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.
9368 Valley View Dr NW2 BD/ 2.5 BA1BR,1BA$1.50
Eagle Ranch ApartmentsAlisal2BR,2BA$1.62
Links at High ResortCoronado1BR,1BA$1.69
Enchanted Vista Apartments2x12BR,1BA$1.32
SkyStone ApartmentsBoca1BR,1BA$1.69
The AspensThe Maple1BR,1BA$1.42
PrismaScarlet Renovated1BR,1BA$1.78
La Cantera Senior Apartments1x11BR,1BA$1.61
Cottonwood RanchJR: Birch (Upgraded)1BR,1BA$1.64
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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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Rio Rancho, NM
Population: 98,023

Ranked #318

in US Census Population by City

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Pet Friendly Lifestyle
Rio Rancho, NM

Ranked #151

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 Odyssey Apartments listed at $999.

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

The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $956 at La Cantera 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 Enchanted Vista Apartments and starts from $1,321.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!