
Cheap Apartments for Rent in Rio Rancho, NM from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Rio Rancho.


Felician Villa II - Senior 55+

Casa de Encantada Senior Apartments

The Panorama

537 Tulip Rd SE

Blue Agave Villas

Entrada Pointe

615 Vancouver Rd SE

Enchanted Hills

4313 Sabana Loop SE

124 Calle Del Presidente

River Walk at Puerta de Corrales

Odyssey Apartments

Puerta Del Sol

The Aspens

Eagle Ranch Apartments

Solaire

Prisma
Rio Rancho, NM Local Guide

How much does it cost to rent an apartment in Rio Rancho?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Rio Rancho Studio Apartments | $1,301 | $970 | $1,887 |
Cheap Rio Rancho 1 Bedroom Apartments | $1,481 | $929 | $4,924 |
Cheap Rio Rancho 2 Bedroom Apartments | $1,859 | $1,015 | $5,570 |
Cheap Rio Rancho 3 Bedroom Apartments | $2,262 | $1,470 | $7,509 |
Cheap Rio Rancho 4 Bedroom Apartments | $2,975 | $2,300 | $3,900 |
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Rio Rancho, NM Local Guide
- Rio Rancho Neighborhoods
- Nearby Cities
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Cheapest Available Rio Rancho Apartments for Rent
 The cheapest available apartment rental in Rio Rancho, NM is a 1 Bed unit found at Felician Villa I - Senior 55+ in the Sunrise Village at Northern Meadows neighborhood priced from $929. Felician Villa II - Senior 55+ in the Sunrise Village at Northern Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here is today’s list of the most affordable Rio Rancho apartments for rent:
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 |
Casa de Encantada Senior Apartments | One Bedroom | 1BR,1BA | $936 |
The Panorama | Studio A | Studio,1BA | $970 |
Blue Agave Villas | The Grove | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Rio Rancho, NM
As of March 27, 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 |
5068 Westfield Dr NE | 5068 Westfield Dr NE | 4BR,2BA | $1.18 |
1734 Gallinas Rd NE | 1734 Gallinas Rd NE | 4BR,2BA | $1.29 |
7623 Banyon Ave NW | 7623 Banyon Ave NW | 4BR,2BA | $1.39 |
3205 Chama Meadows Dr NE | 3205 Chama Meadows Dr NE | 3BR,2BA | $1.31 |
2214 Margarita Dr SE | 2214 Margarita Dr SE | 3BR,2.5BA | $1.37 |
Felician Villa I - Senior 55+ | One Bedroom | 1BR,1BA | $1.44 |
Felician Villa II - Senior 55+ | One Bedroom | 1BR,1BA | $1.44 |
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Pet Friendly LifestyleRio Rancho, NM
Ranked #159
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Rio Rancho, NM
School data provided by Great Schools
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Getting Around Rio Rancho, NM
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
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 The Aspens and starts from $1,600.
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.