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238 Apartments for rent in Rio Rancho, NM

Read Guide >
Last updated December 14 at 11:56pm UTC
The Links at High Resort
201 Pinnacle Dr SE
Rio Rancho, NM
Updated December 14 at 11:42pm UTC
1 Bedroom
$806
2 Bedrooms
$926
3 Bedrooms
$1,252
856 Rebecca Loop
North Hills
Rio Rancho, NM
Updated December 14 at 10:12am UTC
3 Bedrooms
$1,125
1777 Allegheny Drive NE
River's Edge
Rio Rancho, NM
Updated December 14 at 10:11am UTC
4 Bedrooms
$1,200
3105 Shelby Meadows Dr NE
Northern Meadows
Rio Rancho, NM
Updated December 14 at 8:35am UTC
4 Bedrooms
$1,195
2308 Manzano Loop NE
River's Edge
Rio Rancho, NM
Updated December 14 at 8:35am UTC
4 Bedrooms
$1,750
315 Wagon Train Dr SE
Western Hills
Rio Rancho, NM
Updated December 14 at 8:35am UTC
3 Bedrooms
$1,095
6467 Shiprock Ct NE
Enchanted Hills
Rio Rancho, NM
Updated December 14 at 8:35am UTC
4 Bedrooms
$1,395
2132 Palenque Drive Southeast
Cabezon
Rio Rancho, NM
Updated December 14 at 11:56pm UTC
3 Bedrooms
$1,395
1892 Mesa Grande Loop Northeast
Rio Rancho
Rio Rancho, NM
Updated December 14 at 11:56pm UTC
4 Bedrooms
$1,195
1452 Jemez Loop
Northern Meadows
Rio Rancho, NM
Updated December 14 at 11:56pm UTC
3 Bedrooms
$1,300
3458 White Horse Dr SE
High Resort
Rio Rancho, NM
Updated December 13 at 11:24am UTC
4 Bedrooms
$1,650
221 Loma Linda Loop NE
Loma Colorado
Rio Rancho, NM
Updated December 14 at 11:28pm UTC
3 Bedrooms
$1,525
1797 JEFFREY RD NE
North Hills
Rio Rancho, NM
Updated December 12 at 7:28pm UTC
2 Bedrooms
$1,025
677 Stallion SE
Western Hills
Rio Rancho, NM
Updated December 14 at 9:20pm UTC
2 Bedrooms
$825
703 Peachtree Road SE
Panorama Heights East
Rio Rancho, NM
Updated December 11 at 10:29am UTC
3 Bedrooms
$1,295
412 Loma Linda Loop NE
Loma Colorado
Rio Rancho, NM
Updated December 11 at 10:22am UTC
4 Bedrooms
$1,550
461 Peaceful Meadows Dr NE
Northern Meadows
Rio Rancho, NM
Updated December 8 at 10:16am UTC
3 Bedrooms
$1,150
2228 Mayapan Rd SE
Cabezon
Rio Rancho, NM
Updated December 14 at 11:28pm UTC
4 Bedrooms
$1,500
620 Montego Dr SE
Rio Rancho
Rio Rancho, NM
Updated December 14 at 8:35am UTC
3 Bedrooms
$1,150
3500 Oasis Springs Road NE
Northern Meadows
Rio Rancho, NM
Updated December 14 at 9:20pm UTC
4 Bedrooms
$1,350
330 Wagon Train Drive SE
Western Hills
Rio Rancho, NM
Updated December 14 at 9:20pm UTC
3 Bedrooms
$1,000
907-K Country Club Drive SE
Rio Rancho
Rio Rancho, NM
Updated December 14 at 9:20pm UTC
2 Bedrooms
$850
1753 BLACK RIVER Drive NE
River's Edge
Rio Rancho, NM
Updated December 14 at 9:20pm UTC
4 Bedrooms
$2,000
City Guide
Rio Rancho
Rio’s Residents

Some residents commute into Albuquerque, crowding the freeways on their way to cultural events and employment. However, Rio Rancho's city government actively promotes development to make the area culturally and economically independent of the neighboring city.

The city is sunny and warm, with temperatures fit for casual walking year-round and only the occasional small earthquake. Practice your safety triangle earthquake drill once and we’re sure you’ll be all right.

Finding an Apartment in Rio Rancho

Most Rio Rancho residents own their homes instead of renting, so there's not the same kind of rush to land an apartment as in a major city – vacancy rates for apartments have hovered around 12% in recent years. Most new residents move into their new apartments within a month and a half of beginning their search.

Now for the good stuff.

When to rent: Apartments in Rio Rancho are available for new tenants throughout the year, with one of the shortest average housing searches in the area.

What you need: Not too much that you wouldn't need anywhere else – bring your completed application, pay stubs, security deposit, and references and you shouldn’t have any problems. However, Rio Rancho is one of the fastest growing cities in New Mexico, so you'll want to keep your eyes open and your wits about you when on the hunt.

Rio Rancho Neighborhoods

Rio Rancho sports a high level of diversity in terms of apartment accommodations. The city's spread out into two counties, with a large northeast section near the countryside and cattle, and a more developed area to the southwest. Most shopping, and museums and attractions are in the southwest.

Northeast There is a large area here that's near the country. You’ll be able to enjoy hiking and bicycling in the warm weather around here.

Southwest Most of the new construction in Rio Rancho – housing, shopping, and movie theaters – is taking place in the southwest side of the city.

City Center This part of Rio Rancho is the most cosmopolitan. The city center is where you’ll see the museums, and major shopping centers.

Life in Rio Rancho

In short: Friendly, welcoming, and down-to-earth.

Since it's a fairly new city, people used to joke that Rio Rancho was the 'little brother' to Albuquerque, but it's now developing in its own right. The residents are quickly developing a greater sense of pride in their local culture, touting a great library system, farmers market and festivals.

Rio Rancho lacks sidewalks in many areas and is set up so that people have to drive from place to place, so considering bringing a set of wheels along. You will probably want to have the option of visiting Albuquerque, even if you land a job within the Rio Rancho city limits. Shopping, banking and other daily chores will likely become significantly easier with a car since the city’s pretty spread out.

All things considered, Rio Rancho is your place if you're looking for a nice area sandwiched between the city and the country. With gentle temperatures and a developing local culture and nightlife, then this city makes plenty of sense for you! Good luck on your search, dear apartment hunter.

December 2018 Rio Rancho Rent Report

Welcome to the December 2018 Rio Rancho Rent Report. Rio Rancho rents declined over the past month. In this report, we'll evaluate trends in the Rio Rancho rental market, including comparisons to similar cities nationwide.

View full Rio Rancho Rent Report
Rent Report
Rio Rancho

December 2018 Rio Rancho Rent Report

Welcome to the December 2018 Rio Rancho Rent Report. Rio Rancho rents declined over the past month. In this report, we'll evaluate trends in the Rio Rancho rental market, including comparisons to similar cities nationwide.

Rio Rancho rents declined slightly over the past month

Rio Rancho rents have declined 0.2% over the past month, but are up slightly by 1.4% in comparison to the same time last year. Currently, median rents in Rio Rancho stand at $900 for a one-bedroom apartment and $1,110 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in September. Rio Rancho's year-over-year rent growth leads the state average of 0.9%, as well as the national average of 1.3%.

Rio Rancho rents more affordable than many large cities nationwide

As rents have increased slightly in Rio Rancho, a few large cities nationwide have seen rents grow more quickly. Rio Rancho is still more affordable than most large cities across the country.

  • Rio Rancho's median two-bedroom rent of $1,110 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 1.4% rise in Rio Rancho.
  • While Rio Rancho's rents rose slightly over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Rio Rancho than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than two-and-a-half times the price in Rio Rancho.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.