
Cheap Homes for Rent in Rio Rancho, NM from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Rio Rancho.


832 Monterrey Rd NE

95 Eventide Rd SE

Furnished Studio-Albuquerque - Rio Rancho

1305 Rio Rancho Blvd 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.

1841 Blackberry Rd NE

1109 Meadowlark Way SE

1178 Calle Madera

488 Mountain Shadows Rd

1665 Perma Dr NE
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 | $1,666 | $1,200 | $2,195 |
| Rio Rancho 3 Bedroom Homes for Rent | $2,170 | $1,575 | $2,999 |
| Rio Rancho 4 Bedroom Homes for Rent | $2,327 | $1,950 | $3,000 |
Browse Top Homes for Rent in Rio Rancho
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Rio Rancho, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Odyssey Apartments | Studio | Studio,1BA | $907 |
| Panorama | Studio C | Studio,1BA | $970 |
| Casa de Encantada Senior Apartments | One Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Resort at Sandia Village | 3x2 Reno | 3BR,2BA | $1.55 |
| 4217 Ridgeway Ct, Unit A | 4217 Ridgeway Ct | 3BR,2BA | $1.32 |
| Via Vista Apartment Community | Amber | 2BR,2BA | $1.65 |
| La Cantera Senior Apartments | 2x1 | 2BR,1BA | $1.21 |
| Links at High Resort | Coronado | 1BR,1BA | $1.60 |
| SkyStone Apartments | Boca | 1BR,1BA | $1.79 |
| The Aspens | Maple | 1BR,1BA | $1.60 |
| Eagle Ranch Apartments | Latigo | 1BR,1BA | $1.56 |
| Prisma | Scarlet Renovated | 1BR,1BA | $1.78 |
| 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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!
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 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

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.

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.

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.

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.