Last updated
Average Rent in Rio Rancho NM & Rent Trends
Rent prices and market trends across 3 apartment communities in Rio Rancho NM. Updated daily.
Market Average
$1,501/mo
▼ 15.7% from last month
Lowest Available
$1,056/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
25
available now
Rent by Neighborhood in Rio Rancho NM
Compare average rent across Rio Rancho NM neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Rio Rancho 87124 | $1,506 | $1,056 | 2 | 22 |
| City Center | $1,463 | $1,325 | 1 | 3 |
Is Rent Going Up or Down in Rio Rancho NM?
As of May 2026, the average rent in Rio Rancho NM is $1,501 per month across 3 apartment communities and 25 available units. Rents have decreased $272 (15.7%) over the past month.
The most affordable option is Arrowhead Ridge Apartments starting at $1,056/mo. By unit type, a 1-bedroom averages $1,325/mo, a 2-bedroom averages $1,419/mo, a 3-bedroom averages $1,953/mo.
Prices range from $1,056 to $1,995 per month. The most common price point is the $1,600 range, where 8 units are currently listed.
Rio Rancho NM Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Rio Rancho NM
Rent Prices by Apartment in Rio Rancho NM
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Arrowhead Ridge Apartments | $1,056/mo | $1,182/mo | 9 | 3.1 |
| Enchanted Hills Apartments | $1,325/mo | $1,463/mo | 3 | 3.5 |
| Via Vista Apartment Homes | $1,555/mo | $1,730/mo | 13 | 3.2 |
Google Search Trends for Rio Rancho NM Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Rio Rancho NM
What is the average rent in Rio Rancho NM?
Is rent going up or down in Rio Rancho NM?
What is the cheapest apartment in Rio Rancho NM?
How much is a 1-bedroom apartment in Rio Rancho NM?
How many apartments are available in Rio Rancho NM?
What salary do I need to live comfortably in Rio Rancho NM?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$60,000/year
30 percent rule -- using our average rent of $1,501/mo.
Comfortable income
$72,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,056/mo), you need to earn at least $42,000/year.
Median household income in Rio Rancho NM is $85,755 , about 19% above the comfortable-living threshold.
Cost of living in Rio Rancho NM
Overall prices in Rio Rancho NM runs below the national average by about 6% (BEA Regional Price Parity index 93.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Rio Rancho NM's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,501 |
| Utilities | $382 |
| Groceries | $526 |
| Transportation | $909 |
| Healthcare | $444 |
| Other goods and services | $710 |
| Estimated total | $4,471/mo |
Population
106,533
Median household income
$85,755
Census median rent
$1,481/mo
Rent as % of income
31.0%
Median age
39.0
Mean commute
30 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Rio Rancho NM Apartments
Browse all 3 communities with daily-updated pricing and availability.