Rio Rancho, NM Rental Market Trends
Highlights
The average rent for an apartment in Rio Rancho is $895, a 4% increase compared to the previous year, when the average rent was $864.
Average Rent in Rio Rancho, NM
Last updated Mar 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $895 | 4% | 872 sq. ft. |
The average size for a Rio Rancho, NM apartment is 872 square feet, but this number varies greatly depending on apartment type. 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
- $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 | Mar / 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 |
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Cheapest Listings on RENTCafé
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.