AFFORDABLE HOUSING
$851
2 beds2 baths967 sqftApartment
4515 Arrowhead Ridge Dr SE, Rio Rancho, NM, 87124
61 Rentals in Rio Rancho, NM Under $1,500/mo
61 Results
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$650
1 bed1 bath120 sqftOther
832 Monterrey Rd NE, Rio Rancho, NM, 87144
$1,495
2 beds2 baths997 sqftHouse
4209 Ridgeway Ct SE Unit C, Rio Rancho, NM, 87124
$1,495
2 beds2 baths1,037 sqftHouse
1247 Villa Dr SE, Rio Rancho, NM, 87124
$1,275
2 beds1 bath898 sqftApartment
507 Vancouver Road SE, Rio Rancho, NM, 87124
$1,275
2 beds1 bath890 sqftApartment
509 Vancouver Road SE, Rio Rancho, NM, 87124
$1,269
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,219
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,219
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,475
2 beds2 baths1,071 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,269
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,375
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,219
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,300
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,219
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,219
1 bed1 bath807 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,475
2 beds2 baths1,071 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,475
2 beds2 baths1,071 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,475
2 beds2 baths1,071 sqftApartment
9677 Eagle Ranch Rd NW, Albuquerque, NM, 87114
$1,235
1 bed1 bath593 sqftApartment
10001 Coors Bypass NW, Albuquerque, NM, 87114
$1,235
1 bed1 bath593 sqftApartment
10001 Coors Bypass NW, Albuquerque, NM, 87114
$1,285
1 bed1 bath769 sqftApartment
10001 Coors Bypass NW, Albuquerque, NM, 87114
$1,295
1 bed1 bath593 sqftApartment
10001 Coors Bypass NW, Albuquerque, NM, 87114
$1,325
1 bed1 bath769 sqftApartment
10001 Coors Bypass NW, Albuquerque, NM, 87114
Showing 24 of 61 results
Showing 24 of 61 results
Load moreWhat to Know Before Renting Under $1,500 in Rio Rancho, NM
Rentals under $1,500 per month cover a wide share of Rio Rancho inventory — expect a mix of one- and two-bedroom apartments, townhomes, and some three-bedroom houses. At this price point, tradeoffs are usually about neighborhood, building age, and amenity package rather than basic habitability. Compare commute time, parking, and in-unit laundry when narrowing your shortlist in Rio Rancho.
Browse Rio Rancho Rentals by Bedroom Count
Rentals Under $1,500 Near Rio Rancho, NM
Frequently Asked Questions About Rentals Under $1,500 in Rio Rancho, NM
Rentler currently shows 7 rentals in Rio Rancho priced under $1,500. Inventory at this price point is updated daily — availability changes quickly, especially at the lower price tiers where well-priced units receive applications within 24–48 hours of posting.
At the under $1,500 price point in Rio Rancho, use the bedroom and property-type filters to narrow to studios, 1-bedrooms, 2-bedrooms, houses, or townhomes. Availability shifts daily — set a listing alert if you want to catch new units as they post.
These terms refer to different things. Cheap or affordable apartments are market-rate units at the lower end of a city's price range — anyone can apply regardless of income. Low-income or income-restricted apartments are subsidized properties (through programs like Section 8, HUD, or LIHTC) that require income qualification, typically at or below 50–80% of the area median income. Both types may appear on Rentler — contact landlords directly on lower-priced listings to ask about income requirements and subsidy acceptance.
Pet-friendly rentals exist across all price tiers. Use Rentler's pet-friendly filter to narrow to properties that accept animals. At lower price points, pet deposits and monthly pet rent still apply — factor that into your total monthly cost when budgeting. Breed and weight restrictions are common even on pet-accepting listings.
Yes — especially on market-rate listings with individual landlords, which make up a significant share of Rentler's inventory. Negotiating leverage is highest in winter (November through January), when fewer people are searching and landlords are more motivated to fill vacancies. Offering a longer lease term, a larger security deposit, or the ability to move in quickly are the most effective negotiating levers.
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