Last updated
Average Rent in Rio Rancho 87124 & Rent Trends
Rent prices and market trends across 5 apartment communities in Rio Rancho 87124, Rio Rancho, NM. Updated daily.
Market Average
$1,450/mo
▲ +14.5% from last month
Lowest Available
$1,065/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
11
available now
Rio Rancho 87124 vs Rio Rancho, NM Average
Rio Rancho 87124 is cheaper the Rio Rancho, NM average by $472/mo (25%). The citywide average is $1,922/mo across all neighborhoods.
Is Rent Going Up or Down in Rio Rancho 87124?
As of June 2026, the average rent in Rio Rancho 87124 is $1,450 per month across 5 apartment communities and 11 available units. Rents have increased $224 (14.5%) over the past month.
The most affordable option is Arrowhead Ridge Apartments starting at $1,065/mo. By unit type, a 1-bedroom averages $1,450/mo.
Prices range from $1,065 to $1,825 per month. The most common price point is the $1,200 range, where 4 units are currently listed.
Rio Rancho 87124 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Rio Rancho 87124
Rent Prices by Apartment in Rio Rancho 87124
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Arrowhead Ridge Apartments | $1,065/mo | $1,065/mo | 1 | 3.1 |
| Blue Agave Villas | $1,280/mo | $1,280/mo | 1 | 4 |
| The Links at High Resort | $1,335/mo | $1,381/mo | 5 | 3.5 |
| Meadowlark Apartments | $1,459/mo | $1,459/mo | 1 | 3 |
| The Eleanor Rio Rancho | $1,591/mo | $1,747/mo | 3 | 4.6 |
Google Search Trends for Rio Rancho 87124 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 87124
What is the average rent in Rio Rancho 87124?
Is rent going up or down in Rio Rancho 87124?
What is the cheapest apartment in Rio Rancho 87124?
How much is a 1-bedroom apartment in Rio Rancho 87124?
How many apartments are available in Rio Rancho 87124?
What salary do I need to live comfortably in Rio Rancho 87124?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$58,000/year
Based on the 30 percent rule, using our tracked average rent of $1,450/mo.
Comfortable income
$70,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,065/mo), you need to earn at least $43,000/year.
Median household income in Rio Rancho 87124 is $85,755 , about 23% above the comfortable-living threshold.
Cost of living in Rio Rancho 87124
Overall prices in Rio Rancho 87124 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 87124's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,450 |
| Utilities | $382 |
| Groceries | $526 |
| Transportation | $909 |
| Healthcare | $444 |
| Other goods and services | $710 |
| Estimated total | $4,420/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 87124 Apartments
Browse all 5 communities with daily-updated pricing and availability.