
Cheap Apartments for Rent in the 87124 ZIP Code of Rio Rancho, NM from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the 87124 ZIP Code area of Rio Rancho.


The Panorama

652 Vancouver Rd SE, Unit C

Blue Agave Villas

Total Monthly Price
Entrada Pointe
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Meadowlark Apartments

Furnished Studio-Albuquerque - Rio Rancho

Felician Villa I - Senior 55+

Felician Villa II - Senior 55+

325 Geraldine Loop 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.

Links at High Resort

915 Country Club Dr SE

Total Monthly Price
Odyssey Apartments

River Walk at Puerta de Corrales

Prisma
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.

Resort at Sandia Village
Rio Rancho, NM Local Guide

How much does it cost to rent an apartment in 87124?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 87124 Studio Apartments | $1,362 | $970 | $1,970 |
| 87124 1 Bedroom Apartments | $1,573 | $961 | $5,209 |
| 87124 2 Bedroom Apartments | $1,776 | $940 | $5,762 |
| 87124 3 Bedroom Apartments | $2,156 | $1,066 | $3,500 |
| 87124 4 Bedroom Apartments | $2,070 | $2,070 | $2,070 |
Browse Apartments in the 87124 Zip Code of Rio Rancho
Explore Rio Rancho

Frequently Asked Questions about Cheap the 87124 ZIP Code Apartments
How much is rent for a Cheap One Bedroom 87124 Apartment?
The lowest price for a Cheap One Bedroom 87124 Apartment is $2,009 at The Meadows.
What is the lowest price for a Cheap Two Bedroom 87124 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 87124 is starting from $2,847 at The Meadows.
What is the most affordable 87124 Three Bedroom Apartment?
The best deal on a cheap 87124 Three Bedroom Apartment rental is at The Meadows and starts from $3,510.
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.
Helpful Local Expert Guides

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.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

Albuquerque Uncovered: Your Local Experts Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.