
Cheap Homes for Rent in Rio Rancho, NM from $1,300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Rio Rancho.


4217 Ridgeway Ct

823 Country Club Dr SE

837 Country Club Dr SE

903 Country Club Dr SE

4313 Sabana Loop SE

831 Country Club Dr SE
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.

Furnished Studio-Albuquerque - Rio Rancho

247 US-550

811 Country Club Dr SE

4209 Ridgeway Ct

1105 Calle Mesquite

956 Harrison Dr NE

10850 Arezzo Dr NW
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

How much does it cost to rent a home in Rio Rancho?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Rancho 2 Bedroom Homes for Rent | $1,497 | $1,300 | $2,000 |
| Rio Rancho 3 Bedroom Homes for Rent | $2,076 | $1,600 | $2,900 |
| Rio Rancho 4 Bedroom Homes for Rent | $2,390 | $1,950 | $3,995 |
| Rio Rancho 5 Bedroom Homes for Rent | $2,559 | $2,200 | $2,795 |
Browse Top Homes for Rent in Rio Rancho
Explore Rio Rancho
Rio Rancho, NM Local Guide
- Rio Rancho Neighborhoods
- Nearby Cities
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Cheapest Available Rio Rancho Apartments for Rent
 The cheapest available apartment rental in Rio Rancho, NM is a 1 Bed unit found at Enchanted Vista Apartments in the Encantado del Norte Heritage Series neighborhood priced from $964. Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $993. Here is today’s list of the most affordable Rio Rancho apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Enchanted Vista Apartments | 1x1 | 1BR,1BA | $964 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $993 |
| Odyssey Apartments | Studio | Studio,1BA | $1,050 |
| River Walk at Puerta de Corrales | Greenway LP | 1BR,1BA | $1,079 |
| Blue Agave Villas | The Roadrunner | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Rio Rancho, NM
As of December 01, 2025 the best value apartment in the Rio Rancho area is the $1.78 price per square foot 2 x 2.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,175. The second greatest value Rio Rancho apartment is the 2 BD/ 2.5 BA Model at 9368 Valley View Dr NW starting at $1,800 with a $1.50 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Rio Rancho apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Terra at Enchanted Hills | 2 x 2.5 (2-car Gar) | 2BR,2.5BA | $1.78 |
| 9368 Valley View Dr NW | 2 BD/ 2.5 BA | 1BR,1BA | $1.50 |
| La Cantera Senior Apartments | 2x1 | 2BR,1BA | $1.21 |
| 4217 Ridgeway Ct, Unit C | 4217 Ridgeway Ct | 2BR,2BA | $1.44 |
| Links at High Resort | Coronado | 1BR,1BA | $1.70 |
| The Aspens | The Maple | 1BR,1BA | $1.42 |
| Cottonwood Ranch | 1B: Maple (Upgraded) | 1BR,1BA | $1.56 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.64 |
| Enchanted Vista Apartments | 1x1 | 1BR,1BA | $1.47 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,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.
Read ArticleDon'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 ArticleThe 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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Rio Rancho, NMPopulation: 98,023
Ranked #318
in US Census Population by City
Pet Friendly LifestyleRio Rancho, NM
Ranked #151
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 type of rentals are currently available in Rio Rancho?
There are currently 80 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $814 to $3,649. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,300 to $3,995.
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 $1,300 to $3,995 with an average monthly rent of $2,174.
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 $1,600 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,343.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.