Cheap Homes for Rent in Rio Rancho, NM from $1,100 (10 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 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 $1,062. 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$1,062
Blue Agave VillasThe RoadrunnerStudio,1BA$1,080

Best Value Apartments for Rent in Rio Rancho, NM

As of November 15, 2025 the best value apartment in the Rio Rancho area is the $1.55 price per square foot Quartz Reno Model at Via Vista Apartment Community in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,799. The second greatest value Rio Rancho apartment is the 2B Loft Model at The Aspens starting at $1,525 with a $1.42 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Via Vista Apartment CommunityQuartz Reno3BR,2BA$1.55
The Aspens2B Loft2BR,2BA$1.42
Resort at Sandia Village2 bed 2 bath2BR,2BA$1.59
La Cantera Senior Apartments2x12BR,1BA$1.21
Enchanted Vista Apartments2x22BR,2BA$1.26
4217 Ridgeway Ct, Unit C4217 Ridgeway Ct2BR,2BA$1.44
Links at High ResortCoronado1BR,1BA$1.69
CircMadison1BR,1BA$1.67
Cottonwood Ranch1B: Maple (Upgraded)1BR,1BA$1.68
Eagle Ranch ApartmentsLatigo1BR,1BA$1.69

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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 #151

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $814 to $3,649. There are also 136 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,195 to $2,900.

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 $1,195 to $2,900 with an average monthly rent of $2,032.

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 $1,695 to $2,850. 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.

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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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.

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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! 

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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.