
Cheap New Apartments for Rent in Rio Rancho, NM from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Rio Rancho.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Casa de Encantada Senior Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Panorama
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Felician Villa II - Senior 55+

The Orchards
Rio Rancho, 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 | $1,411 | $970 | $1,887 |
Rio Rancho 1 Bedroom Apartments | $1,459 | $929 | $4,561 |
Rio Rancho 2 Bedroom Apartments | $1,871 | $1,104 | $5,852 |
Rio Rancho 3 Bedroom Apartments | $2,278 | $1,470 | $7,349 |
Rio Rancho 4 Bedroom Apartments | $2,855 | $2,285 | $3,900 |
Explore Rio Rancho
Rio Rancho, NM Local Guide
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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.
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 Panorama listed at $1,098.
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 Odyssey Apartments and starts from $1,643.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.