close
View Me
from $9291 to 2 Bedroom Apartments Available Now
Felician Villa I - Senior 55+
1301 Stephanie Rd SERio Rancho, NM 87124
Cheap Apartments for Rent in the Rio Rancho Neighborhood of Albuquerque, NM from $900 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rio Rancho area of Albuquerque.
close
View Me
from $9291 to 2 Bedroom Apartments Available Now
Felician Villa II - Senior 55+
1325 Stephanie RdRio Rancho, NM 87124
close
View Me
Rent Specials
from $970Studio Apartments Available Now
The Panorama
1465 Rio Rancho Blvd SERio Rancho, NM 87124
537 Tulip Rd SE
Rio RanchoNM87124
close
View Me
Rent Specials
from $1,095Studio to 2 Bedroom Apartments Available Now
Blue Agave Villas
4101 Meadowlark Ln SERio Rancho, NM 87124
close
View Me
from $1,110Studio to 2 Bedroom Apartments Available Now
Entrada Pointe
900 Country Club DrRio Rancho, NM 87124
615 Vancouver Rd SE
Rio RanchoNM87124
4313 Sabana Loop SE
Rio RanchoNM87124
close
View Me
Showing Results 1-9, Page 1 of 1
Rio Rancho, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Rio Rancho?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rio Rancho Studio Apartments | $1,303 | $970 | $1,887 |
| Rio Rancho 1 Bedroom Apartments | $1,587 | $929 | $2,179 |
| Rio Rancho 2 Bedroom Apartments | $2,038 | $1,050 | $2,719 |
| Rio Rancho 3 Bedroom Apartments | $2,019 | $1,815 | $2,300 |
| Rio Rancho 4 Bedroom Apartments | $3,000 | $2,300 | $3,900 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Rio Rancho Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Rio Rancho, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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. Felician Villa II - Senior 55+ has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here are the most affordable Rio Rancho apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Felician Villa I - Senior 55+ | One Bedroom | 1BR,1BA | $929 |
| Felician Villa II - Senior 55+ | One Bedroom | 1BR,1BA | $929 |
| The Panorama | Studio A | Studio,1BA | $970 |
Best Value Apartments for Rent in Rio Rancho, NM
As of March 25, 2025 the best value apartment in the Rio Rancho area is the $1.07 price per square foot 6016 Park S Pl NW Model at 6016 Park S Pl NW in the in the Paradise Hills neighborhood starting from $2,565. The second greatest value Rio Rancho apartment is the 6140 Park Hill Ave NW Model at 6140 Park Hill Ave NW starting at $2,385 with a $1.04 price per square foot in the Paradise Hills 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. |
|---|---|---|---|
| 6016 Park S Pl NW | 6016 Park S Pl NW | 4BR,2.5BA | $1.07 |
| 6140 Park Hill Ave NW | 6140 Park Hill Ave NW | 4BR,2.5BA | $1.04 |
| 1833 Chicoma Rd NE | 1833 Chicoma Rd NE | 4BR,2.5BA | $1.07 |
| 1734 Gallinas Rd NE | 1734 Gallinas Rd NE | 4BR,2BA | $1.29 |
| 3205 Chama Meadows Dr NE | 3205 Chama Meadows Dr NE | 3BR,2BA | $1.31 |
| 5000 Shadow Rock Rd NW | 5000 Shadow Rock Rd NW | 4BR,2BA | $1.32 |
| 2214 Margarita Dr SE | 2214 Margarita Dr SE | 3BR,2.5BA | $1.37 |
| 4910 Dolores Hidalgo Dr SE | 4910 Dolores Hidalgo Dr SE | 3BR,2BA | $1.43 |
| Felician Villa I - Senior 55+ | One Bedroom | 1BR,1BA | $1.44 |
| Felician Villa II - Senior 55+ | One Bedroom | 1BR,1BA | $1.44 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Rio Rancho area?
If you’re an expert on all things Rio Rancho, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleRio Rancho, Albuquerque, NM
Ranked #233
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Rio Rancho, Albuquerque, NM
School data provided by Great Schools
Best Local Schools in Rio Rancho, Albuquerque, NM
School data provided by Great Schools
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Links at High Resort and starts from $1,800.
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.
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.
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.
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.
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.