Cheap Apartments for Rent in the Rio Rancho Neighborhood of Albuquerque, NM from $900 (11 Rentals)

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

Rio Rancho, Albuquerque, NM Local Guide

Cheapest Available Rio Rancho Apartments for Rent

 

The cheapest available apartment rental in the Rio Rancho area of Albuquerque, NM is a 1 Bed unit found at Felician Villa I - Senior 55+ priced from $929. The Panorama has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Felician Villa I - Senior 55+One Bedroom1BR,1BA$929
The PanoramaStudio AStudio,1BA$970
Blue Agave VillasThe Grove1BR,1BA$995
Entrada PointeStudioStudio,1BA$1,110
Meadowlark Apartments2x2TH2BR,2BA$1,305

Best Value Apartments for Rent in Rio Rancho, NM

As of April 06, 2025 the best value apartment in the Rio Rancho area is the $1.71 price per square foot Jade Reno Model at Via Vista Apartment Community in the in the Sunrise Village at Northern Meadows neighborhood starting from $1,955. The second greatest value Rio Rancho apartment is the Rio Vista Model at Links at High Resort starting at $1,765 with a $1.56 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.
Via Vista Apartment CommunityJade Reno3BR,2BA$1.71
Links at High ResortRio Vista2BR,2BA$1.56
Meadowlark Apartments2x2TH2BR,2BA$1.19
Wintergreen Apartments1 Bedroom, 1 Bathroom1BR,1BA$2.05
Felician Villa I - Senior 55+One Bedroom1BR,1BA$1.44
Affinity at Albuquerque 55+1x1 - B31BR,1BA$3.38
Blue Agave VillasThe RoadrunnerStudio ,1BA$2.46
Entrada PointeStudioStudio ,1BA$2.72
The PanoramaStudio BStudio ,1BA$3.25
Furnished Studio-Albuquerque - Rio RanchoFurnished Studio-Albuquerque - Rio RanchoStudio ,1BA$4.83

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Pet Friendly Lifestyle
Rio Rancho, Albuquerque, NM

Ranked #322

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

This website is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across New Mexico including Rio Rancho, Albuquerque, and the greater Albuquerque area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Rio Rancho Neighborhood in Albuquerque, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Rio Rancho Apartments

What is the Cheapest Studio apartment in Rio Rancho?

Currently the most affordable Cheap Studio Apartment in Rio Rancho is at The Panorama listed at $970.

How much is rent for a Cheap One Bedroom Rio Rancho Apartment?

The lowest price for a Cheap One Bedroom Rio Rancho Apartment is $929 at Felician Villa I - Senior 55+.

What is the lowest price for a Cheap Two Bedroom Rio Rancho Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rio Rancho is starting from $1,104 at Felician Villa I - Senior 55+.

What is the most affordable Rio Rancho Three Bedroom Apartment?

The best deal on a cheap Rio Rancho Three Bedroom Apartment rental is at Via Vista Apartment Community and starts from $1,955.

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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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.