Apartments in 87124

1 - 29 of 29 Results
$814 - 986
1301 Stephanie Rd SE Rio Rancho, NM
1 BR | Available Now
$974
1301 Stephanie Rd SE Rio Rancho, NM
1 BR | Apr. 8, 2026
63
$1,708
2221 Rio Rancho Blvd Hwy Rio Rancho, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
42
$1,530
2608 The American Rd Albuquerque, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
64
$1,675 - 3,350
2301 Westside Blvd Rio Rancho, NM
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
27
$1,450 - 3,400
201 Pinnacle Drive SE Rio Rancho, NM
1 - 3 BR | Available Now
Contact
Air Conditioning
Dishwasher
19
$2,100
1517 Meadowlark Ln SE Rio Rancho, NM
2 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
1
$2,500
1384 Peppoli Loop SE Rio Rancho, NM
3 BR | Apr. 14, 2026
Contact
Dog Friendly
Cat Friendly
House
Storage
17
$2,950
Rio Rancho, NM
3 BR | Jul. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,195
611 Vancouver RD Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
Air Conditioning
Surface Parking
Storage
Dishwasher
1
$1,800
1665 Pegasus Ave Rio Rancho, NM
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,275
Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
16
$2,100
Rio Rancho, NM
2 BR | Oct. 25, 2026
Contact
Balcony/Deck/Patio
Storage
Dishwasher
8
$1,195
Rio Rancho, NM
2 BR | Available Now
Contact
1
$1,195
615 Vancouver Rd Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
21
$2,250
Rio Rancho, NM
3 BR | May. 1, 2026
Contact
House
Storage
Dishwasher
1
$2,050
Rio Rancho, NM
4 BR | Apr. 24, 2026
Contact
Dog Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$1,195
Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
1
$1,795
990 Baltic Ave SE Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$2,300
Rio Rancho, NM
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$970 - 1,200
1465 Rio Rancho Blvd SE Rio Rancho, NM
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,250
1316 F Grande Blvd SE Rio Rancho, NM
2 BR | Apr. 10, 2026
Contact
House
1
$2,700
888 Tazanita Loop SE Rio Rancho, NM
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$2,150
2104 Virgin Wood Rd SE Rio Rancho, NM
3 BR | Available Now
Contact
Dog Friendly
House
1
$1,500
825 Country Cluc Dr SE Rio Rancho, NM
2 BR | Available Now
Contact
Dishwasher
$2,000
Rio Ranco, NM
4 BR | Available Now
Contact
House
14
$1,750
Rio Rancho, NM
4 BR | Jan. 7, 2100
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
Pool
1
$1,900
2910 Broadmoor Blvd Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$2,000
3345 Esplanade Cir SE Rio Rancho, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1 - 29 of 29 Results
  1. Home
  2. Albuquerque Area Apartments
  3. Rio Rancho
  4. 87124

How much does it cost to rent an apartment in 87124?

87124 apartments
Bed Type Average Rent Range
Studio $1,100 $970 - $1,690
1BR $1,450 $900 - $2,240
2BR $1,540 $1,200 - $2,560
3BR $1,800 $1,790 - $2,930
4+BR $2,030 $1,750 - $2,700
Find an Apartment in 87124
Are you searching for apartments for rent in 87124 Rio Rancho, NM? Rentable has a variety of options available for you in this area. Currently, there are 77 units available for rent in the 87124 zip code. The average rent for these apartments is $1,750, and you can find affordable options starting at just $889.

No matter what your preferences or budget, Rentable's apartments near 87124 have something for everyone. Take a look at our available units today and find your perfect rental in Rio Rancho, NM.

Rio Rancho:
March Rent Report

Welcome to the March 2026 Rio Rancho Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 key findings and figures for the Rio Rancho rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Rio Rancho and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Rio Rancho average rent prices in the chart below.

Monthly Rent Report

$2,200
$1,650
$1,100
$550
$0
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
1 BR       2 BR

Rio Rancho Rent Prices Decrease From February to March

Rio Rancho rent prices decreased over the last month. From February to March, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Rio Rancho one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from February to March, Rio Rancho experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Rio Rancho two-bedroom apartments currently stands at $.

March Prices: Rio Rancho vs. Surrounding Areas

Rent Prices in Rio Rancho and Surrounding Areas

Rent prices have decreased in Rio Rancho over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Rio Rancho suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Rio Rancho suburbs

  • Rents did not decrease in any of the Rio Rancho suburbs.

March 2026 Pricing Trends: Rio Rancho vs. National Comparisons

Rio Rancho Rent Prices More Affordable Than Major Cities

Rent growth in Rio Rancho over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Rio Rancho average rent prices appear to be relatively affordable for local residents.

The price for a Rio Rancho one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Rio Rancho and surrounding area rent prices, take a look at the complete data set below.

Data set for Rio Rancho and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.