Rio Rancho, New Mexico Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Rio Rancho, New Mexico rental market.
Rio Rancho, New Mexico
Average Apartment Rent
$1,575
Y-o-Y Change in Average
Apartment Rent
-3.2%
As of March 2026
Compared to a year ago, Rio Rancho, New Mexico apartments have recorded a -3.2% rent decrease.
Rio Rancho, New Mexico Average apartment rent trend
Rio Rancho, New Mexico Average Apartment Rent
Rio Rancho, New Mexico Apartment rent ranges
At 46.5%, apartments priced $1,000 - $1,500 represent the bulk of Rio Rancho, New Mexico rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.47%.
Rio Rancho, New Mexico Housing tenure**
Renters take up 19% of Rio Rancho, New Mexico real estate, occupying a total of 7,204 units, while homeowners live in 30,986 properties.
Median number of rooms of renter-occupied housing units**
5.3
Renter median household income**
$58,140
Average household size of renter-occupied housing units**
2.6
Rental vacancy rate**
8.6%
Rio Rancho, New Mexico Renter-occupied housing units by no. of bedrooms**
There are 3,347 rentals in Rio Rancho, New Mexico with 3 beds making up the highest share of the market, at 46%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 195 units. Overall, the median number of rooms in Rio Rancho, New Mexico homes for rent is 5.3.
Rio Rancho, New Mexico Renter-occupied units by age of householder**
Most condos for rent in Rio Rancho, New Mexico are occupied by residents in the 35 - 44 years age group (24%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 3%.
Rio Rancho, New Mexico Renter-occupied housing units by family type**
Rio Rancho, New Mexico Renter-occupied housing units by the presence of own children**
A total of 4,647 apartments for rent in Rio Rancho, New Mexico, or 65% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 2,824 units. All in all, the median size of a renter-occupied household in Rio Rancho, New Mexico is 2.6.
Rio Rancho, New Mexico Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Rio Rancho, New Mexico.
Rio Rancho, New Mexico Renter-occupied units by year structure built**
The highest share of Rio Rancho, New Mexico apartment rentals, namely 28% or 2,042 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (26%, 1,864 units), and the ones Built 1980 - 1989 (21%, 1,482 units).
Rio Rancho, New Mexico Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Rio Rancho, New Mexico renters (54%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Rio Rancho, New Mexico condos for rent is 2015.
Rio Rancho, New Mexico Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of Rio Rancho, New Mexico renters have 2 vehicles available per household, 37% of them have 1 vehicle available, and 13% have 3 vehicles available.
Rio Rancho, New Mexico Means of transportation to work of householders living in renter-occupied housing units**
Rio Rancho, New Mexico Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Rio Rancho, New Mexico apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
