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Cheap Apartments for Rent in Rio Rancho, NM
1 Rental Available

Apartments Under $800

  • Top Rated for Amenities
    Today

    1355 Meadowlark Ln SE, Rio Rancho, NM 87124
    Contact for availability
    • 1 BED
    • 2 BEDS
    • $730+
    • Ask for pricing

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 RENTCafé, 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.

Frequently Asked Questions

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

The price range of a cheap apartment is between $730 and $875. Find cheap apartments in Rio Rancho, NM.

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

The average Rio Rancho, NM cheap apartment size is 736 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. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Rio Rancho, NM.

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, January 2022 $1,233 /mo

Rio Rancho, NM Apartment Rent Ranges

Rio Rancho, NM Rent Trends

Average Rent Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Jan / 2022
Rio Rancho, NM $914 $945 $936 $930 $951 $987 $1,035 $1,150 $1,233
National $1,344 $1,376 $1,384 $1,387 $1,379 $1,383 $1,393 $1,476 $1,572

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

Looking for a cheap apartment for rent in Rio Rancho, NM? With RENTCafé, finding an affordable apartment in Rio Rancho, NM has never been easier. We feature 1 low-priced rental 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 $1,233 per month so any rental south of $986 would be considered cheap here. On RENTCafé, Rio Rancho, NM rents go as low as $730/mo.

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