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Apartments for Rent in Rio Rancho, NM under $1600
31 Rentals Available


Rio Rancho, NM Demographics

  • Total Population96,210
  • Female 46,713
    Male 49,497
  • Median Age38.4

Average Rent in Rio Rancho, NM

  • Rio Rancho, NM Average Rental Price, July 2021 $1,035 /mo

Rio Rancho, NM Apartment Rent Ranges

Rio Rancho, NM Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Jul / 2021
Rio Rancho, NM $862 $862 $895 $914 $945 $936 $930 $951 $987 $1,035
National $1,317 $1,348 $1,357 $1,362 $1,394 $1,401 $1,403 $1,394 $1,397 $1,482
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Rio Rancho, NM Households

  • Total Number of Households34,576
  • Family 24,954
    Non-family 9,622
  • Children 11,971
    No Children 22,605
  • Average People Per Household2.77
  • Median Household Income$66,856
  • Median Housing Costs Per Month$1,181

Rio Rancho, NM Education Statistics

Apartments in Rio Rancho, NM under $1,600

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,600?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 31 apartments for rent in Rio Rancho, NM on which you’ll spend less than $1,600. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,600

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,600. The average rental size in Rio Rancho, NM is 927 Sq.Ft., but the $1,600 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!