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Rio Rancho, NM Condos for Rent

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  • 2221 Rio Rancho Blvd SE, Rio Rancho, NM 87124
    2221 Rio Rancho Blvd SE, Rio Rancho, NM 87124
    2221 Rio Rancho Blvd SE, Rio Rancho, NM 87124
    /35

    $1,708 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Albuquerque - Rio Rancho Blvd.

    2221 Rio Rancho Blvd SE, Rio Rancho, NM 87124

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Albuquerque - Rio Rancho Blvd.

    (505) 626-0060

    2221 Rio Rancho Blvd SE, Rio Rancho, NM 87124
  • 2608 American Rd NW, Rio Rancho, NM 87124
    2608 American Rd NW, Rio Rancho, NM 87124
    2608 American Rd NW, Rio Rancho, NM 87124
    /35

    $1,406 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Albuquerque - Rio Rancho

    2608 American Rd NW, Rio Rancho, NM 87124

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Albuquerque - Rio Rancho

    (505) 365-6714

    2608 American Rd NW, Rio Rancho, NM 87124
  • 2313 Melon Ridge Loop NE, Rio Rancho, NM 87144
    2313 Melon Ridge Loop NE, Rio Rancho, NM 87144
    2313 Melon Ridge Loop NE, Rio Rancho, NM 87144
    /20

    $3,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,501 Sq Ft
    • Condo for Rent

    2313 Melon Ridge Loop NE, Rio Rancho, NM 87144

    Welcome to your future home in the desirable Melon Ridge district of Rio Rancho, NM! This inviting property is surrounded by a vibrant community and is just a short drive away from several excellent restaurants and department stores. Presbyterian Rust Medical Center is conveniently located only 12 minutes away, making this an ideal location for commuters and healthcare professionals

    (505) 416-4691

    2313 Melon Ridge Loop NE, Rio Rancho, NM 87144
  • 4217 Ridgeway Ct Unit A, Rio Rancho, NM 87124
    4217 Ridgeway Ct Unit A, Rio Rancho, NM 87124
    4217 Ridgeway Ct Unit A, Rio Rancho, NM 87124
    /10

    $1,450

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    4217 Ridgeway Ct Unit A, Rio Rancho, NM 87124

    This property at 4217 Ridgeway Ct features 3 bedrooms and 2 bathrooms. The living room offers a comfortable area for relaxation and includes a fireplace for added warmth. The kitchen is equipped with a dishwasher and provides convenient access to the dining area. Each bedroom is designed for functionality, with ample space for furniture. The bathrooms are well-appointed, ensuring essential

    4217 Ridgeway Ct Unit A, Rio Rancho, NM 87124
New Mexico Sandoval County Rio Rancho

Condos for Rent in Rio Rancho, NM

Frequently Asked Questions

How much does it cost to rent a condo in Rio Rancho, NM?
The median rent for a condo in Rio Rancho, NM is $1,475 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Rio Rancho, NM?
To comfortably afford the median rent in Rio Rancho, NM, a household needs to earn roughly $90,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,250 per month in Rio Rancho, NM, renters typically need to show $6,750 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Rio Rancho, NM?
In Rio Rancho, NM, the price-to-rent ratio is 14.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Rio Rancho, NM are best for renting a condo?
The best neighborhood for renting in Rio Rancho, NM depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Albuquerque and Broadway Central Corridor, each with its own character and price range.

Condo Rental Trends in Rio Rancho, NM

There are currently 4 condos available for rent in Rio Rancho, NM. The median rent is $1,475 per month, with 2-bedroom condos at $1,488 and 3-bedroom condos at $1,800.

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$1,475
Median 2 Bedroom Condo Rent
$1,488
Median 3 Bedroom Condo Rent
$1,800
How to Rent a Home

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