Cheap Apartments for Rent in the Rancho Encantado Neighborhood of Albuquerque, NM from $400 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rancho Encantado area of Albuquerque.

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Tucson Apartments
2 Bedroom Apartments

Tucson Apartments

5401-5405 Tucson Rd NWAlbuquerque, NM 87120
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included
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5315 Yucca Cir NE
2 Bedroom Apartments

5315 Yucca Cir NE

5315 Yucca Cir NEAlbuquerque, NM 87120
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Marble Apartments
1 to 2 Bedroom Apartments

Marble Apartments

823 11th St NWAlbuquerque, NM 87102
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The Franz
Studio Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104
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Old Town Casitas
1 Bedroom Apartments

Old Town Casitas

200 Rio Grande Blvd SWAlbuquerque, NM 87104

Rancho Encantado, Albuquerque, NM Local Guide

Cheapest Available Rancho Encantado Apartments for Rent

 

The cheapest available apartment rental in the Rancho Encantado area of Albuquerque, NM is a Studio unit found at Tierra Pointe priced from $731. Volcanes Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $902. Here are the most affordable Rancho Encantado apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Tierra PointeS1Studio,1BA$731
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$902
Mesa Ridge ApartmentsThe Iris1BR,1BA$954
Valley ApartmentsAzure Platinum1BR,1BA$1,035
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1,087

Best Value Apartments for Rent in Rancho Encantado, NM

As of March 29, 2025 the best value apartment in the Rancho Encantado area is the $1.11 price per square foot 3841 Sunbird Dr NW Model at 3841 Sunbird Dr NW in the in the Northwest Quadrant neighborhood starting from $1,700. The second greatest value Rancho Encantado apartment is the 3 bedroom 2 bath Model at Welcome Home To Rio Volcan! starting at $1,253 with a $1.15 price per square foot in the Ironhorse at El Rancho Grande neighborhood. Here is today’s list of the best values for Rancho Encantado apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3841 Sunbird Dr NW3841 Sunbird Dr NW3BR,3BA$1.11
Welcome Home To Rio Volcan!3 bedroom 2 bath3BR,2BA$1.15
Canon de Arrowhead2 bedroom 2 bath2BR,2BA$1.18
AydanSage Renovated2BR,2BA$1.80
Stride Westa10ar - Renovated1BR,1BA$1.57
Las Mananitas ApartmentsAvalon1BR,1BA$1.83
Taylor Ranch1B: Maple (TR)1BR,1BA$1.58
Valley ApartmentsAzure Platinum1BR,1BA$1.71
Volcanes CommonsOne Bedroom, One Bath1BR,1BA$1.53
Mesa Ridge ApartmentsThe Iris1BR,1BA$1.66

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Pet Friendly Lifestyle
Rancho Encantado, Albuquerque, NM

Ranked #155

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team compiles millions of data points to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Albuquerque. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Rancho Encantado Apartments

What is a cheap apartment in Rancho Encantado?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rancho Encantado is under $1,257.

What is the price of a cheap apartment in Rancho Encantado?

The cheapest apartment in Rancho Encantado is Volcanes Commons which is listed at $902, while the average apartment in Rancho Encantado costs $3,900.

What types of apartments are the cheapest in Rancho Encantado?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Rancho Encantado that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Rancho Encantado?

Cheap apartments in Rancho Encantado have an average cost of $262 which is $3,638 cheaper than the average rent for all rentals in Rancho Encantado.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.