Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Rio Rancho, NM Rental Market Trends
What is the average rent in Rio Rancho?
The average rent for an apartment in Rio Rancho is $1,035, a 11% increase compared to the previous year, when the average rent was $930.
Average Rent in Rio Rancho, NM
Last updated July 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,035 | 11% | 881 sq. ft. |
What is the average apartment size in Rio Rancho?
The average size for a Rio Rancho, NM apartment is 881 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Rio Rancho, NM Apartment Rent Ranges
Rio Rancho, NM Occupied Housing Units
9,622 or 27% of the households in Rio Rancho, NM are renter-occupied while 24,954 or 72% are owner-occupied.
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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How Rio Rancho Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Albuquerque | $1,054 | 14% |
| El Paso | $853 | 7% |
| Santa Fe | $1,285 | 3% |
| Rio Rancho | $1,035 | 11% |
| Las Cruces | $875 | 5% |
| Los Alamos | $1,195 | 6% |
| Fountain | $1,304 | 7% |
Most Popular Apartments in Rio Rancho
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rio Rancho apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.