Cheap Homes for Rent in Rio Rancho, NM from $600 (10 Rentals)

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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.

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.

Rio Rancho, NM Local Guide

Cheapest Available Rio Rancho Apartments for Rent

 

The cheapest available apartment rental in Rio Rancho, NM is a Studio unit found at Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood priced from $907. Panorama in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here is today’s list of the most affordable Rio Rancho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Odyssey ApartmentsStudioStudio,1BA$907
PanoramaStudio CStudio,1BA$970
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993

Best Value Apartments for Rent in Rio Rancho, NM

As of February 06, 2026 the best value apartment in the Rio Rancho area is the $1.55 price per square foot 3x2 Reno Model at Resort at Sandia Village in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,794. The second greatest value Rio Rancho apartment is the 4217 Ridgeway Ct Model at 4217 Ridgeway Ct, Unit A starting at $1,450 with a $1.32 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.
Resort at Sandia Village3x2 Reno3BR,2BA$1.55
4217 Ridgeway Ct, Unit A4217 Ridgeway Ct3BR,2BA$1.32
Via Vista Apartment CommunityAmber2BR,2BA$1.65
La Cantera Senior Apartments2x12BR,1BA$1.21
Links at High ResortCoronado1BR,1BA$1.60
SkyStone ApartmentsBoca1BR,1BA$1.79
The AspensMaple1BR,1BA$1.60
Eagle Ranch ApartmentsLatigo1BR,1BA$1.56
PrismaScarlet Renovated1BR,1BA$1.78
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.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Rio Rancho

What type of rentals are currently available in Rio Rancho?

There are currently 78 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $650 to $3,649. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $650 to $3,000.

What is the current price range for Rental Homes in Rio Rancho?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rio Rancho ranges from $650 to $3,000 with an average monthly rent of $1,703.

How much are larger Three and Four Bedroom Rentals in Rio Rancho?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rio Rancho range from $1,228 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $2,999. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,343.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.