Cheap Homes for Rent in Rio Rancho, NM from $1,300 (21 Rentals)

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Rio Rancho, NM Local Guide

Cheapest Available Rio Rancho Apartments for Rent

 

The cheapest available apartment rental in Rio Rancho, NM is a 1 Bed unit found at Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood priced from $990. 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 ListingModel NameBed/BathPriced From
Odyssey ApartmentsLoft1BR,1BA$990
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Cottonwood RanchJR: Birch (Upgraded)1BR,1BA$1,049
The AspensThe Artist Loft1BR,1BA$1,050
PanoramaStudio BStudio,1BA$1,098

Best Value Apartments for Rent in Rio Rancho, NM

As of September 19, 2025 the best value apartment in the Rio Rancho area is the $1.72 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 $2,095. The second greatest value Rio Rancho apartment is the Quartz Reno Model at Via Vista Apartment Community starting at $1,995 with a $1.72 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.
Terra at Enchanted Hills2 X 2.5 (2-Car Gar)2BR,2.5BA$1.72
Via Vista Apartment CommunityQuartz Reno3BR,2BA$1.72
Links at High ResortRio Vista2BR,2BA$1.47
4257 Sabana Loop SE, Unit D4257 Sabana Loop SE2BR,2BA$1.40
Resort at Sandia Village2x2 Reno2BR,2BA$1.76
Eagle Ranch ApartmentsAlisal2BR,2BA$1.59
Enchanted HillsEnchanted2BR,2BA$1.68
The AspensThe Maple1BR,1BA$1.36
Cottonwood RanchJR: Birch (Upgrade with Disability Access)1BR,1BA$1.77
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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Rio Rancho, NM
Population: 98,023

Ranked #318

in US Census Population by City

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Pet Friendly Lifestyle
Rio Rancho, NM

Ranked #179

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Rio Rancho, NM

School data provided by Great Schools

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 79 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $814 to $3,500. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,300 to $3,750.

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 $3,750 with an average monthly rent of $2,055.

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 $1,725 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,000 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.

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.