
Cheap Apartments for Rent in the Enchanted Hills Neighborhood of Rio Rancho, NM from $600 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Enchanted Hills area of Rio Rancho.


Terra at Enchanted Hills
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.

Coronado Townhomes

Towne Center Apartments
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.

Sandia Vista
Enchanted Hills, Rio Rancho, NM Local Guide

How much does it cost to rent an apartment in Enchanted Hills?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Enchanted Hills 1 Bedroom Apartments | $1,160 | $1,095 | $1,385 |
| Enchanted Hills 2 Bedroom Apartments | $1,342 | $1,298 | $2,125 |
| Enchanted Hills 3 Bedroom Apartments | $1,537 | $1,486 | $1,855 |
| Enchanted Hills 4 Bedroom Apartments | $1,668 | $1,644 | $2,249 |
Explore Rio Rancho
Enchanted Hills, Rio Rancho, NM Local Guide
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Cheapest Available Enchanted Hills Apartments for Rent
 The cheapest available apartment rental in the Enchanted Hills area of Albuquerque, NM is a 1 Bed unit found at Casa de Encantada Senior Apartments priced from $1,096. The Orchards has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,385. Here are the most affordable Enchanted Hills apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1,096 |
| The Orchards | One Bedroom | 1BR,1BA | $1,385 |
| Enchanted Hills | Diego | 2BR,1BA | $1,510 |
Best Value Apartments for Rent in Enchanted Hills, NM
As of May 25, 2026 the best value apartment in the Enchanted Hills area is the $1.74 price per square foot Diego Model at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $1,510. The second greatest value Enchanted Hills apartment is the 2x2 Model at Coronado Townhomes starting at $1,595 with a $2.01 price per square foot in the Encantado del Norte Heritage Series neighborhood. Here is today’s list of the best values for Enchanted Hills apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Enchanted Hills | Diego | 2BR,1BA | $1.74 |
| Coronado Townhomes | 2x2 | 2BR,2BA | $2.01 |
| The Orchards | One Bedroom | 1BR,1BA | $2.15 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $1.89 |
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.
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 Enchanted Hills, Rio Rancho, NM
School data provided by Great Schools
Frequently Asked Questions about Cheap Enchanted Hills Apartments
What types of apartments are the cheapest in Enchanted Hills?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Enchanted Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

Albuquerque Uncovered: Your Local Experts Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.