Cheap Homes for Rent in Rio Rancho, NM from $1,400 (23 Rentals)

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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. Casa de Encantada Senior Apartments in the Encantado del Norte Heritage Series neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $936. 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
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$936
The PanoramaStudio AStudio,1BA$970
Entrada PointeStudioStudio,1BA$1,110
Odyssey ApartmentsLoft1BR,1BA$1,129

Best Value Apartments for Rent in Rio Rancho, NM

As of April 12, 2025 the best value apartment in the Rio Rancho area is the $1.70 price per square foot 2 X 2.5 (2-Car Gar) Model at Terra at Enchanted Hills in the in the Encantado del Norte Heritage Series neighborhood starting from $2,075. The second greatest value Rio Rancho apartment is the Bosque Model at SkyStone Apartments starting at $1,856 with a $1.54 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 Hills2 X 2.5 (2-Car Gar)2BR,2.5BA$1.70
SkyStone ApartmentsBosque2BR,2BA$1.54
Via Vista Apartment CommunityJade Reno3BR,2BA$1.71
Cottonwood Ranch2B SPL: Cypress (Premium)2BR,2BA$1.50
Meadowlark Apartments2x2TH2BR,2BA$1.49
Links at High ResortCoronado1BR,1BA$1.50
The AspensThe Maple - Phase II1BR,1BA$1.67
Eagle Ranch ApartmentsLatigo1BR,1BA$1.74
Felician Villa I - Senior 55+One Bedroom1BR,1BA$1.44
Casa de Encantada Senior ApartmentsOne Bedroom1BR,1BA$1.61

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Frequently Asked Questions about Rio Rancho

What type of rentals are currently available in Rio Rancho?

There are currently 83 Apartments for Rent in Rio Rancho, NM with pricing that ranges from $929 to $8,500. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rio Rancho ranging from $1,400 to $3,595.

What is the current price range for Rental Homes in Rio Rancho?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rio Rancho ranges from $1,400 to $3,595 with an average monthly rent of $2,400.

How much are larger Three and Four Bedroom Rentals in Rio Rancho?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Rio Rancho range from $1,470 to $7,419, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $2,795. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $2,145.

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.