Cheap Apartments for Rent in Rio Rancho, NM from $700 (17 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
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Arroyo Villas
2 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 Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,032. 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
Odyssey ApartmentsStudioStudio,1BA$1,032
PanoramaStudio BStudio,1BA$1,098
The AspensThe Birch - Phase II1BR,1BA$1,150
Entrada PointeStudioStudio,1BA$1,173

Best Value Apartments for Rent in Rio Rancho, NM

As of July 31, 2025 the best value apartment in the Rio Rancho area is the $1.35 price per square foot 3x2 Model at Coronado Townhomes in the in the Encantado del Norte Heritage Series neighborhood starting from $1,795. The second greatest value Rio Rancho apartment is the Santa Ana Model at Links at High Resort starting at $1,915 with a $1.46 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.
Coronado Townhomes3x23BR,2BA$1.35
Links at High ResortSanta Ana3BR,2BA$1.46
Terra at Enchanted Hills2 X 2.5 (2-Car Gar)2BR,2.5BA$1.72
Via Vista Apartment CommunityJade Reno3BR,2BA$1.73
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.45
Resort at Sandia Village2x2 Reno2BR,2BA$1.77
Enchanted HillsDiego2BR,1BA$1.71
SkyStone ApartmentsBoca1BR,1BA$1.80
PrismaScarlet Renovated1BR,1BA$1.82
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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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 Odyssey Apartments listed at $1,085.

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 $1,402 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 Coronado Townhomes and starts from $1,795.

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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