Long-term Rental Rates — August 2026 · ZIPs: 87124,87144
Local market data by Estaite
As of August 2026, rental prices in Rio Rancho, NM range from $1,349 to $2,782 per month depending on property type and bedroom count.
The largest year-over-year increase was in 1BR apartments, which rose 11.90% in Rio Rancho, NM.
Among 3-bedroom units, condo/townhomes rent for $2,186, higher than apartments at $2,121 and single-family homes at $2,149.
What are the lowest and highest median rents in Rio Rancho, NM as of August 2026?
In August 2026, Rio Rancho, NM rents range from $1,349 for a 1BR single-family home to $2,782 for a 4BR condo/townhome.
Are rents increasing or decreasing in Rio Rancho, NM across different property types?
Apartments in Rio Rancho, NM saw notable year-over-year increases, with 1BR apartment rents rising 11.90% and 2BR apartment rents up 7.01% as of August 2026, while 2BR and 3BR condo/townhome rents only increased 1.17% and 1.43% respectively.
Which bedroom count and property type in Rio Rancho, NM has the highest price advantage over the others?
In Rio Rancho, NM, 4BR condo/townhomes have the highest price advantage at $2,782 as of August 2026, exceeding 4BR apartment rents at $2,649 and 4BR single-family rents at $2,417.
What is the premium gap between apartments and single-family homes in Rio Rancho, NM for the same bedroom count?
For 1BR units in Rio Rancho, NM in August 2026, apartments are priced at $1,420 compared to $1,349 for single-family homes, a $71 premium for apartments; for 2BR units, apartments are $1,613 and single-family homes are $1,611, a $2 premium for apartments.
Rio Rancho, NM
August 2026
87124,87144
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,378 – $1,463
5.96%
11.90%
2-Bedroom
$1,532 – $1,694
3.73%
7.01%
3-Bedroom
$2,053 – $2,189
9.20%
3.39%
4-Bedroom
$2,543 – $2,755
1.13%
8.06%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,349 – $1,433
1.69%
10.75%
2-Bedroom
$1,524 – $1,602
-2.28%
1.17%
3-Bedroom
$2,132 – $2,241
-4.46%
1.43%
4-Bedroom
$2,747 – $2,893
0.59%
8.61%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,315 – $1,383
1.96%
9.01%
2-Bedroom
$1,560 – $1,663
2.97%
5.34%
3-Bedroom
$2,048 – $2,250
-2.89%
5.09%
4-Bedroom
$2,321 – $2,514
-1.79%
0.93%
Data updated: September 22, 2026
Rio Rancho Rental Trends
In the Rio Rancho (87124, 87144) rental market, 1-bedroom apartments recorded the largest month-over-month jump, rising 6.27% to a median rent of $1,368. Year-over-year, this segment registered a 9.84% increase, underscoring a pronounced surge in pricing for entry-level apartment options in Rio Rancho (87124, 87144).
For 2-bedroom units in Rio Rancho (87124, 87144), condos and townhomes commanded a median rent of $1,622—outperforming apartments by $29, which stood at $1,593. Both saw notable annual increases near 10%, highlighting a price premium for condo/townhome rentals over apartments in this segment.
Among larger units, Rio Rancho (87124, 87144) rental trends indicate that 4-bedroom single-family homes dropped 0.25% month-over-month to a median of $2,345. This segment’s annual growth was just 0.9%, lagging behind both apartments and condos for four-bedroom properties.