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Apartments for Rent in Rio Rancho, NM under $1500

162 Rentals Available
Apartments for Rent in Rio Rancho, NM under $1500. 162 Rentals Available
  • a living room with a couch and a table
    Today

    900 Country Club, Rio Rancho, NM 87124
    STUDIO Ask for Pricing
    1 BED $1,144
    2 BEDS $1,419+
  • a living room and dining room with a table and chairs
    Today

    4101 Meadowlark Lane SE, Rio Rancho, NM 87124
    STUDIO $1,120
    1 BED $1,195
    2 BEDS $1,427
  • a living room with a couch and a tv and some windows
    Today

    4515 Arrowhead Ridge Dr. SE, Rio Rancho, NM 87124
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a kitchen with a stove and a refrigerator
    Today

    1355 Meadowlark Ln SE, Rio Rancho, NM 87124
    1 BED $1,137
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    4515 Arrowhead Ridge Dr. SE Ste 1, Rio Rancho, NM 87124
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
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  • More Rentals Near Rio Rancho, NM

  • a living room with a couch and a coffee table
    Today

    10600 Cibola Loop NW, Albuquerque, NM 87114
    STUDIO $1,025+
    1 BED $1,123+
    2 BEDS $1,231+
  • a living room with a white couch and a table
    Today

    10600 Cibola Loop NW, Albuquerque, NM 87114
    STUDIO $1,025+
    1 BED $1,123+
    2 BEDS $1,231+
  • a living room with a couch and a ceiling fan
    Today

    10600 Cibola Loop NW, Albuquerque, NM 87114
    1 BED $1,418+
  • a living room with couches and chairs and a table
    Today

    3405 Calle Cuervo NW, Albuquerque, NM 87114
    1 BED $1,224+
  • a living room with two couches and a table
    Today

    9251 Eagle Ranch Rd. NW, Albuquerque, NM 87114
    1 BED Ask for Pricing
    2 BEDS $1,300
    3 BEDS Ask for Pricing
  • a living room with a fireplace and a table and chairs
    Today

    9270 Eagle Ranch Road NW, Albuquerque, NM 87114
    1 BED $1,310+
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  • a living room with a couch and a table in front of a fireplace
    Today

    9180 Coors Blvd, NW, Albuquerque, NM 87120
    1 BED $1,114+
    2 BEDS $1,411+
  • a living room with a fireplace and a wooden table
    Today

    4601 Montano Road NW, Albuquerque, NM 87120
    1 BED $1,209+
    2 BEDS $1,379+
  • the preserve at ballantyne commons apartment kitchen with stove and sink
    Today

    320 Wayne Rd NW, Los Ranchos, NM 87114
    2 BEDS $1,300
  • an empty kitchen with stainless steel appliances and white cabinets
    Today

    6134 4Th Street NW, Albuquerque, NM 87107
    STUDIO $991+
    1 BED $1,162+
    2 BEDS $1,413+
  • a living room and dining room with a couch and a table
    Today

    3608 Ladera Drive NW, Albuquerque, NM 87120
    1 BED $1,329+
    2 BEDS $1,474+
  • a living room with a couch and a table
    Today

    3501 Atrisco Drive NW, Albuquerque, NM 87120
    1 BED Ask for Pricing
    2 BEDS $1,129
  • the logo for the northeast group of schools
    Today

    410 Headingly Ave NW, Albuquerque, NM 87107
    STUDIO $690
    1 BED $650
    2 BEDS $800
  • a blue and silver circle with the middle of the logo for the middle east group
    Today

    3923 4Th Street NW, Albuquerque, NM 87107
    1 BED $650
  • a living room with couches and chairs and a table
    Today

    1919 Ladera Dr NW, Albuquerque, NM 87120
    1 BED $900
    2 BEDS $1,080
    3 BEDS $1,246
  • a living room with a table and chairs and a fireplace
    Today

    7100 Louisiana Blvd NE, Albuquerque, NM 87109
    1 BED $1,275+
  • a living room and dining room with a table and chairs
    Today

    6401 Academy Road NE, Albuquerque, NM 87109
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    3901 Lafayette Dr NE, Albuquerque, NM 87107
    1 BED $972
    2 BEDS $967+
    3 BEDS $1,198+
  • a playground with a slide and
    Today

    2821 Mountain RD, NW, Albuquerque, NM 87104
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • a living room with two couches and a rug
    Today

    3135 Comanche Rd NE, Albuquerque, NM 87107
    STUDIO $845
    1 BED $945
    2 BEDS $1,130
5-20-city
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Getting around in Rio Rancho, NM

15 /100
Somewhat Bikeable
Bike Score®: 15

Frequently asked questions

When were prices and availability in Rio Rancho, NM last updated?

Prices and availability in Rio Rancho, NM were last updated on 25 Feb 2026.

What are the best apartments in Rio Rancho, NM?

The best apartments in Rio Rancho, NM are: Entrada Pointe, Blue Agave Villas, Links at High Resort, Arrowhead Ridge and Buena Vista Senior.

What type of rental buildings are in Rio Rancho, NM?

In Rio Rancho 18% of the housing is rented out compared to 82% of homes are owned, according to the most recent Census Bureau estimates. 11% of Rio Rancho's apartments are found in large buildings of 50 units or more, 25% are located in smaller apartment complexes with less than 50 units, and 62% are single-family rentals.

Apartments in Rio Rancho, NM under $1,500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $1,500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 162 apartments for rent in Rio Rancho, NM on which you’ll spend less than $1,500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $1,500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $1,500. The average rental size in Rio Rancho, NM is 819 Sqft, but the $1,500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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