
Cheap Low Income Apartments for Rent in Rio Rancho, NM from $700 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in Rio Rancho.

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.

Sandoval Flats
Navigating the World of Low-Income Housing
A Comprehensive Guide to Understanding Low Income Renting

Casa de Encantada Senior Apartments
Rio Rancho, NM Local Guide

How much does it cost to rent an apartment in Rio Rancho?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Rio Rancho Studio Apartments | $1,225 | $862 | $1,887 |
Rio Rancho 1 Bedroom Apartments | $1,459 | $929 | $5,262 |
Rio Rancho 2 Bedroom Apartments | $1,655 | $1,086 | $6,292 |
Rio Rancho 3 Bedroom Apartments | $1,965 | $1,228 | $7,834 |
Rio Rancho 4 Bedroom Apartments | $1,749 | $1,343 | $4,400 |
Explore Rio Rancho
Rio Rancho, NM Local Guide
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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.
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 $943.
How much is rent for a Cheap One Bedroom Rio Rancho Apartment?
The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $929 at Felician Villa I - Senior 55+.
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 $1,104 at Felician Villa I - Senior 55+.
What is the most affordable Rio Rancho Three Bedroom Apartment?
The best deal on a cheap Rio Rancho Three Bedroom Apartment rental is at Odyssey Apartments and starts from $1,706.
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.

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.

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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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.