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3 Bedroom Apartments for Rent in Rio Rancho, NM - 6 Rentals available

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Rio Rancho, NM Demographics

  • Total Population93,317
  • Female 45,399
    Male 47,918
  • Median Age38.1

Average Rent in Rio Rancho, NM

  • Rio Rancho, NM Average Rental Price, February 2019$895/mo

Rio Rancho, NM Apartment Rent Ranges

  • $501-$70013%
  • $701-$1,00059%
  • $1,001-$1,50028%

Rio Rancho, NM Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Rio Rancho, NM $813 $846 $865 $822 $857 $864 $862 $862 $895
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396

Rio Rancho, NM Households

  • Total Number of Households33,372
  • Family 23,716
    Non-family 9,656
  • Children 12,237
    No Children 21,135
  • Average People Per Household2.78
  • Median Household Income$63,180
  • Median Housing Costs Per Month$1,152

Rio Rancho, NM Education Statistics

  • No High School2%
  • Some High School30%
  • Some College32%
  • Associate Degree9%
  • Bachelor Degree16%
  • Graduate Degree10%

Renting a 3 bedroom apartment in Rio Rancho, NM

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,336 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Rio Rancho, NM, rents on 3 bedroom apartments go up to $1,450. 5 rental properties offer 3 bedroom units in Rio Rancho, NM to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Rio Rancho, NM

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $1,005 in Rio Rancho, NM, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like Cielo Grande or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.