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25 Cheap Apartments for rent in Rio Rancho, NM

Last updated November 15 at 2:01pm UTC
Results within 1 miles of Rio Rancho, NM
Results within 10 miles of Rio Rancho, NM
The Gradely
5800 Harper Dr NE
Albuquerque, NM
Updated November 15 at 1:21pm UTC
Studio
$633
1 Bedroom
$765
2 Bedrooms
$925
Sandia Valley
8200 Bridge Blvd SW
Albuquerque, NM
Updated November 15 at 1:21pm UTC
1 Bedroom
$625
2 Bedrooms
$800
3 Bedrooms
$950
Alvarado Apartments
611 Lead Ave SW
Albuquerque, NM
Updated November 15 at 12:26pm UTC
Studio
$615
1 Bedroom
$770
2 Bedrooms
$895
116 Maple St SE #1
Silver Hill
Albuquerque, NM
Updated November 15 at 11:59am UTC
1 Bedroom
$700
2100 Coal Pl SE
Silver Hill
Albuquerque, NM
Updated November 15 at 11:50am UTC
1 Bedroom
$695
LEASE PENDING!! 3851 Montgomery Blvd NE Apt 1034
Hodgin
Albuquerque, NM
Updated November 15 at 8:47am UTC
1 Bedroom
$650
218 Sycamore St SE
Silver Hill
Albuquerque, NM
Updated November 13 at 2:00am UTC
1 Bedroom
$500
2125 Eton Avenue SE
Silver Hill
Albuquerque, NM
Updated November 11 at 5:55am UTC
1 Bedroom
$650
205 Delamar Loop NW
Albuquerque
Albuquerque, NM
Updated November 10 at 6:14pm UTC
2 Bedrooms
$625
3421 Alta Monte Avenue NE
Alta Monte
Albuquerque, NM
Updated November 5 at 2:36pm UTC
2 Bedrooms
$595
3210 Tulane Drive NE
Alta Monte
Albuquerque, NM
Updated November 2 at 10:32pm UTC
1 Bedroom
$650

November 2018 Rio Rancho Rent Report

Welcome to the November 2018 Rio Rancho Rent Report. Rio Rancho rents remained steady 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

November 2018 Rio Rancho Rent Report

Welcome to the November 2018 Rio Rancho Rent Report. Rio Rancho rents remained steady 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 over the past month

Rio Rancho rents have declined 0.1% 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 $910 for a one-bedroom apartment and $1,110 for a two-bedroom. Rio Rancho's year-over-year rent growth leads the state average of 0.8%, as well as the national average of 1.1%.

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 1.1% 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 1.3%.
  • 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.