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Cheap Apartments for Rent in Rio Rancho, NM

140 Rentals Available
Apartments Under $700 Apartments Under $800 Apartments Under $900 Apartments Under $1,000 Apartments Under $1,100 Apartments Under $1,200

Apartments Under $700

  • A kitchen with a refrigerator and cabinets.
    12
    Today

    4901 San Mateo Lane NE, Albuquerque, NM 87109
    1 BED $645+
    2 BEDS $950

Apartments Under $800

  • a living room and kitchen with a couch and a table
    63
    Today

    121 Cardenas NE, Albuquerque, NM 87108
    1 BED $766
  • a kitchen with white cabinets and a refrigerator and a sink
    26
    Today

    5001 San Mateo Lane NE, Albuquerque, NM 87109
    STUDIO $775

Apartments Under $900

  • a living room and dining room with a table and chairs
    80
    4 days ago

    10000 Menaul Boulevard NE, Albuquerque, NM 87112
    1 BED $849+
    2 BEDS $989+
  • A kitchen with white appliances and a checkered floor.
    6
    Today

    1221 Silver Ave SW, Albuquerque, NM 87102
    1 BED $850
    2 BEDS $950
  • a living room with a couch and chairs and a television
    75
    Today

    601 Coal Ave. SW, Albuquerque, NM 87102
    STUDIO $850
    1 BED $960
    2 BEDS $1,188
  • a living room with two couches and a rug
    59
    Today

    3135 Comanche Rd NE, Albuquerque, NM 87107
    STUDIO $855
    1 BED Ask for Pricing
    2 BEDS $1,140

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  • a living room and dining room with a table and a television
    82
    Rewards
    Today

    5600 Gibson Blvd. SE, Albuquerque, NM 87108
    1 BED $889+
    2 BEDS $1,077+
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Apartments Under $1,000

  • a living room with a couch and a table
    150
    Rewards
    Today

    3011 Jane Pl NE, Albuquerque, NM 87111
    1 BED $934+
    2 BEDS $1,096
  • a living room with a couch and a coffee table
    98
    Today

    8401 Spain Road NE, Albuquerque, NM 87111
    1 BED $935+
    2 BEDS $1,305+
  • A living room with a glass table and a sofa.
    68
    4 days ago

    3400 Wyoming Blvd, Albuquerque, NM 87111
    1 BED $980+
    2 BEDS $1,160+
    3 BEDS $1,650
  • A living room with a green couch and a wooden coffee table.
    Today

    7780 Paseo 550 Dr NE, Rio Rancho, NM 87144
    1 BED $993
    2 BEDS $1,191

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  • A living room with a large couch and a coffee table.
    9
    Today

    7810 Paseo 550 Dr NE, Rio Rancho, NM 87144
    1 BED $998
    2 BEDS $1,186
    3 BEDS $1,368
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Apartments Under $1,100

  • a living room with a couch and a table
    65
    4 days ago

    3501 Atrisco Drive NW, Albuquerque, NM 87120
    1 BED $1,004
    2 BEDS $1,309+
  • a living room with a couch and a coffee table
    21
    Today

    3901 Lafayette Dr NE, Albuquerque, NM 87107
    1 BED $1,029+
    2 BEDS $1,099+
    3 BEDS $1,349+
  • a living room with a couch and a coffee table
    28
    4 days ago

    5222 Wyoming Boulevard NE, Albuquerque, NM 87111
    1 BED $1,040+
    2 BEDS $1,290+
  • a living room and dining room with a table and chairs
    43
    Today

    6401 Academy Road NE, Albuquerque, NM 87109
    STUDIO $1,125
    1 BED $1,099+
    2 BEDS $1,275+

  • More Rentals Near Rio Rancho, NM

Apartments Under $1,200

  • A living room with a grey couch and a wooden coffee table.
    27
    1 day ago

    1919 Ladera Drive NW, Albuquerque, NM 87120
    1 BED $1,109
    2 BEDS $1,299+
    3 BEDS $1,559
  • a living room and dining room with a table and chairs
    11
    Today

    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    STUDIO $1,125+
    1 BED $1,280
    2 BEDS Ask for Pricing
  • A living room with a black metal railing and a bookshelf filled with books.
    13
    Today

    900 Country Club, Rio Rancho, NM 87124
    STUDIO $1,173
    1 BED $1,260
    2 BEDS $1,516+
  • A living room with a grey couch and a black desk.
    45
    1 day ago

    1700 Market St NW, Albuquerque, NM 87120
    1 BED Ask for Pricing
    2 BEDS $1,299+
    3 BEDS $1,559
4-17-city
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Getting around in Rio Rancho, NM

15 /100
Somewhat Bikeable
Bike Score®: 15

Frequently asked questions

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

The price range of a cheap apartment is between $993 and $1,583.

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

There are 25 cheap rentals available on RentCafe. Prices and availability in Rio Rancho, NM were last updated on 18 Nov 2025.

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.

Look for cheap apartments near me

Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RentCafe, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

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 140 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 $1,589 per month so any rental south of $1,271 would be considered cheap here. On RentCafe, Rio Rancho, NM rents go as low as $645/mo.

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