Cheap Homes for Rent in Rio Rancho, NM from $1,400 (38 Rentals)

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Search the lowest-cost Homes available for rent right now in Rio Rancho.

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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 Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood priced from $993. Odyssey Apartments in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,084. Here is today’s list of the most affordable Rio Rancho apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$993
Odyssey Apartmentsa10a1BR,1BA$1,084
PanoramaStudio BStudio,1BA$1,098
Entrada PointeStudioStudio,1BA$1,173
Solaire1x1-5781BR,1BA$1,195
Puerta Del SolThe Barcelona1BR,1BA$1,225
The AspensThe Artist Loft1BR,1BA$1,250
Blue Agave VillasThe Grove1BR,1BA$1,265
Eagle Ranch ApartmentsLatigo1BR,1BA$1,314
PrismaScarlet Renovated1BR,1BA$1,325

Best Value Apartments for Rent in Rio Rancho, NM

As of July 29, 2025 the best value apartment in the Rio Rancho area is the $1.35 price per square foot 3x2 Model at Coronado Townhomes in the in the Encantado del Norte Heritage Series neighborhood starting from $1,795. The second greatest value Rio Rancho apartment is the Santa Ana Model at Links at High Resort starting at $1,920 with a $1.47 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.
Coronado Townhomes3x23BR,2BA$1.35
Links at High ResortSanta Ana3BR,2BA$1.47
Terra at Enchanted Hills2 X 2.5 (2-Car Gar)2BR,2.5BA$1.72
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.45
Via Vista Apartment CommunityAmber Reno2BR,2BA$1.70
Resort at Sandia Village2x2 Reno2BR,2BA$1.77
Enchanted HillsDiego2BR,1BA$1.71
The AspensThe Maple - Phase II1BR,1BA$1.67
Eagle Ranch ApartmentsLatigo1BR,1BA$1.78
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.71

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Frequently Asked Questions about Rio Rancho

What type of rentals are currently available in Rio Rancho?

There are currently 82 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $814 to $8,021. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,400 to $4,000.

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 $1,400 to $4,000 with an average monthly rent of $2,514.

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 $8,021, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,175 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.

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