Cheap Apartments for Rent in Rio Rancho, NM from $700 (22 Rentals)

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

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Sandia Vista
2 Bedroom Apartments

Sandia Vista

492 Camino Don Tomas SBernalillo, NM 87004
  • Utilities Included
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Arroyo Villas
2 to 3 Bedroom Apartments

Arroyo Villas

4701 Irving Blvd NWAlbuquerque, NM 87114
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Showing Results 1-22, Page 1 of 1

Rio Rancho, NM Local Guide

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 ListingModel NameBed/BathPriced From
Felician Villa I - Senior 55+One Bedroom1BR,1BA$929
Felician Villa II - Senior 55+One Bedroom1BR,1BA$929
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$936
The PanoramaStudio AStudio,1BA$970
Blue Agave VillasThe Grove1BR,1BA$1,095

Best Value Apartments for Rent in Rio Rancho, NM

As of March 24, 2025 the best value apartment in the Rio Rancho area is the $1.45 price per square foot 3 x 3.5 (2-car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,400. The second greatest value Rio Rancho apartment is the 10566 Vista Bella Pl NW Model at 10566 Vista Bella Pl NW starting at $2,050 with a $1.29 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Terra at Enchanted Hills3 x 3.5 (2-car Gar)3BR,3.5BA$1.45
10566 Vista Bella Pl NW10566 Vista Bella Pl NW4BR,2BA$1.29
Via Vista Apartment CommunityQuartz3BR,2BA$1.56
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.50
Links at High ResortCoronado1BR,1BA$1.57
Enchanted HillsDiego2BR,1BA$1.71
The AspensThe Maple1BR,1BA$1.61
Felician Villa I - Senior 55+One Bedroom1BR,1BA$1.44
Felician Villa II - Senior 55+One Bedroom1BR,1BA$1.44
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.61

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Pet Friendly Lifestyle
Rio Rancho, NM

Ranked #159

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Rio Rancho, NM

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rio Rancho, NM Rentals by Map

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See the most popular apartments and homes in Rio Rancho, NM

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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.

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

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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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What to Know About Fees and Fines When Renting

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

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