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Cheap Apartments for Rent in Rio Rancho, NM

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  • Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

  • Apartments Under $700

  • 7 units available
    1 bd $645+
    2 bd $950
    Base rent
    Verified Listing

    4901 San Mateo Lane NE

    4.0 (29)
    4901 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly

  • Apartments Under $800

  • Rent specials New Units Available
    Studio $705+
    1 bd $955
    2 bd $1,140
    Base rent
    Verified Listing

    Rock Creek

    4.5 (5)
    3135 Comanche Rd NE, Albuquerque, NM 87107
    Apply online • Pet friendly • Fitness center
  • New Units Available 6 units available
    Studio $775
    Base rent
    Verified Listing

    San Mateo Suites

    4.0 (29)
    5001 San Mateo Lane NE, Albuquerque, NM 87109
    Apply online • Pet friendly
  • 1 bd $795
    Base rent
    Verified Listing

    White Oak Apartments

    5.0 (8)
    121 Cardenas NE, Albuquerque, NM 87108
    Apply online • Cat friendly • Patio/Balcony

  • Apartments Under $900

  • Only 2 units left
    1 bd $850
    2 bd $950
    Base rent
    Verified Listing

    1221 Silver Ave SW

    4.0 (10)
    1221 Silver Ave SW, Albuquerque, NM 87102
    Apply online • Pet friendly
  • Rent specials 24 units available
    Studio $899+
    1 bd $1,170+
    2 bd $1,274+
    Base rent
    Verified Listing

    Villas De La Terraza

    3.5 (27)
    6401 Academy Road NE, Albuquerque, NM 87109
    Apply online • Pet friendly • Parking

  • Apartments Under $1,000

  • Rent specials New Units Available
    1 bd $945+
    2 bd $1,230+
    Base rent
    Verified Listing

    Acacia Gardens

    4.0 (29)
    8401 Spain Road NE, Albuquerque, NM 87111
    Apply online • Pet friendly
  • Rent specials New Units Available
    1 bd $950+
    2 bd $1,195+
    3 bd $1,720+
    Base rent
    Verified Listing

    Sedona Ridge

    4.5 (16)
    3400 Wyoming Blvd, Albuquerque, NM 87111
    Apply online • Pet friendly • Fitness center
  • Rewards New Units Available
    1 bd $964+
    2 bd $1,152+
    Base rent
    Verified Listing

    The Pearl At Spring Creek

    4.0 (92)
    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    Apply online • Pet friendly • Parking
  • 9 units available
    1 bd $965+
    2 bd $1,135+
    Base rent
    Verified Listing

    Mission Hill Apartments

    4.0 (39)
    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Pool
  • Rewards New Units Available
    1 bd $969+
    2 bd $1,137+
    Base rent
    Verified Listing

    The Retreat At Candelaria

    4.5 (40)
    3011 Jane Pl NE, Albuquerque, NM 87111
    Apply online • Pet friendly • Parking

  • More Rentals Near Rio Rancho, NM

  • Rent specials 5 units available
    1 bd $999+
    2 bd $1,330+
    Base rent
    Verified Listing

    Wyoming Place Apartments

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,100

  • Rent specials 13 units available
    1 bd $1,085+
    2 bd $1,234
    3 bd $1,399+
    Base rent
    Verified Listing

    Villa Esperanza

    3.0 (4)
    3901 Lafayette Dr NE, Albuquerque, NM 87107
    Pet friendly • Dishwasher • Patio/Balcony
  • 5 units available
    1 bd $1,090+
    2 bd $1,275+
    Base rent
    Verified Listing

    La Vida Buena Apartments

    4.0 (13)
    2201 Ambassador Road NE, Albuquerque, NM 87112
    Apply online • Pet friendly • Parking
  • 1 bd $1,094
    2 bd $1,304
    3 bd $1,506
    Total monthly cost
    Verified Listing

    550 Paseo

    4.0 (5)
    7810 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Apply online • Pet friendly • Fitness center
  • 1 bd $1,096
    2 bd $1,250+
    Total monthly cost
    Verified Listing

    Casa De Encantada Senior Apartments

    4.5 (14)
    7780 Paseo 550 Dr NE, Rio Rancho, NM 87144
    Apply online • Pet friendly • Fitness center

  • Apartments Under $1,200

  • Rent specials 21 units available
    Studio $1,170
    1 bd $1,225+
    2 bd $1,395+
    Base rent
    Verified Listing

    Blue Agave Villas

    3.5 (14)
    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    Apply online • Pet friendly • Dishwasher
  • Rent specials New Units Available
    Studio $1,197
    1 bd $1,284
    2 bd $1,540
    Total monthly cost
    Verified Listing

    Entrada Pointe

    4.5 (18)
    900 Country Club, Rio Rancho, NM 87124
    Apply online • Pet friendly • Fitness center
  • Rent specials New Units Available
    1 bd $1,218
    Base rent
    Verified Listing

    Buena Vista Senior

    5.0 (20)
    1355 Meadowlark Ln SE, Rio Rancho, NM 87124
    Pet friendly • Fitness center • Pool
  • 2 bd $1,349+
    Base rent
    Verified Listing

    Rio Volcan

    5.0 (1)
    1919 Ladera Drive NW, Albuquerque, NM 87120
    Apply online • Pet friendly • Fitness center
  • Ask for pricing
    Verified Listing

    Zocalo Lofts

    4.0 (5)
    400 Coal Avenue, Albuquerque, NM 87102
    Pet friendly • Fitness center • In unit laundry
  • 5-16-city

Frequently asked questions

What is the price of a cheap apartment in Rio Rancho, NM?

The price range of a cheap apartment is between $1,094 and $1,635.

How many cheap rentals are available in Rio Rancho, NM on RentCafe?

There are 31 cheap rentals available on RentCafe. Prices and availability in Rio Rancho, NM were last updated on 3 Oct 2026.

What is the average size of a cheap apartment in Rio Rancho, NM?

The average Rio Rancho, NM cheap apartment size is 737 sq. ft.

What are the advantages of renting a cheap apartment in Rio Rancho, NM?

Cheap apartments in Rio Rancho, NM are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Rio Rancho, NM?

A cheap apartment in Rio Rancho, NM offers little storage space and fewer amenities compared to other apartments.

Looking for a cheap apartment for rent in Rio Rancho, NM? With RentCafe, finding an affordable apartment in Rio Rancho, NM has never been easier. We feature 150 low-priced rentals directly from property managers, with rents lower than the Rio Rancho, NM average. What is a cheap rent in Rio Rancho, NM? The average apartment rent in Rio Rancho is $1,587 per month so any rental south of $1,269 would be considered cheap here. On RentCafe, Rio Rancho, NM rents go as low as $645/mo.