$1,250 Per Month
- 2 Beds
- 1 Bath
- 3,416 Sq Ft
- Townhouse for Rent
1011 Meadowlark Ct SE Unit 4, Rio Rancho, NM 87124
Remodeled Upper apartment
Pamela Harris PQuail Realty & Property Mgmt
Frequently Asked Questions
How much does it cost to rent a townhouse in Rio Rancho, NM?
The median rent for a townhouse in Rio Rancho, NM is $1,500 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.
