
Apartments for Rent in Rio Rancho, NM Under $1,500 (30 Rentals)


Enchanted Hills

Total Monthly Price
Entrada Pointe

Blue Agave Villas

The Panorama

Sandoval Flats

Casa de Encantada Senior Apartments
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Arrowhead Ridge

Furnished Studio-Albuquerque - Rio Rancho

915 Country Club Dr SE

652 Vancouver Rd SE, Unit C

325 Geraldine Loop SE

Links at High Resort

Felician Villa II - Senior 55+
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Felician Villa I - Senior 55+

Cottonwood Ranch

Resort at Sandia Village

Total Monthly Price
Circ

The Orchards

Prisma

Solaire
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Eagle Ranch Apartments

City View

River Walk at Puerta de Corrales

Puerta Del Sol

The Aspens

Total Monthly Price
Odyssey Apartments

Arroyo Villas
Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

La Cantera Senior Apartments

Sandia Vista
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 Under $1500 | $1,477 | $1,098 | $1,826 |
| Rio Rancho 1 Bedroom Apartments Under $1500 | $1,443 | $961 | $2,129 |
| Rio Rancho 2 Bedroom Apartments Under $1500 | $1,635 | $940 | $2,894 |
| Rio Rancho 3 Bedroom Apartments Under $1500 | $1,980 | $1,066 | $3,500 |
| Rio Rancho 4 Bedroom Apartments Under $1500 | $2,050 | $1,646 | $3,763 |
Browse Top Apartments in Rio Rancho
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Rio Rancho, NM Local Guide
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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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
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
See the most popular apartments and homes in Rio Rancho, NM
Frequently Asked Questions about Rio Rancho
What is the current price range for One Bedroom Rio Rancho Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Rio Rancho ranges from $961 to $2,129 with an average monthly rent of $1,443.
What does renting a Two Bedroom Apartment in Rio Rancho cost?
The monthly rent prices of Two Bedroom Apartments currently available in Rio Rancho range from $940 to $2,894. Today's average rental price for Two Bedrooms here is $1,635.
How expensive are Rio Rancho Three Bedroom Apartments?
There are currently 32 Three Bedroom Apartments listings available in Rio Rancho on ApartmentHomeLiving.com. The pricing ranges from $1,066 to $3,500 - averaging $1,980 for the location.
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.
Helpful Local Expert Guides

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.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
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I still recollect my first morning commute in Albuquerque.
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