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Affordable apartments in Rio Rancho, New Mexico

3 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

3 lihtc

Buildings

BUENA VISTA ACTIVE ADULT COMMUNITY

LIHTC
1355 MEADOWLARK LN SE, RIO RANCHO, NM, 87124
Income-restricted units
193 of 258
Year placed in service
1999
Bedroom mix
180 1BR · 78 2BR

Estimated total housing cost: $1,357 rent + $98 utilities = $1,455/mo

Contact property management for current availability. Waitlists may apply.

ARROWHEAD RIDGE APTS

LIHTC
4515 ARROWHEAD RIDGE DR NE, RIO RANCHO, NM
Income-restricted units
179 of 179
Year placed in service
9999

Estimated total housing cost: $1,357 rent + $98 utilities = $1,455/mo

Contact property management for current availability. Waitlists may apply.

ENCHANTED VISTA APTS

LIHTC
4501 SPRINT BLVD NE, RIO RANCHO, NM, 87144
Income-restricted units
174 of 174
Year placed in service
2005
Bedroom mix
44 1BR · 111 2BR · 19 3BR

Estimated total housing cost: $1,357 rent + $98 utilities = $1,455/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in New Mexico

Residential electricity in New Mexico runs about 15.15¢/kWh, with a typical monthly residential electric bill near $98. Natural gas runs about $11.81/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for Rio Rancho, NM

Metro-level
BedroomsLocal FMRNational median
Studio$1,153n/a
1 bedroom$1,289n/a
2 bedroom$1,357$1,502
3 bedroom$1,764n/a
4 bedroom$2,036n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Sandoval County, NM

Albuquerque, NM. FY2025. Area median income: $91,400.

Household size30% AMI50% AMI80% AMI
1 person$19,200$32,000$51,200
2 people$21,950$36,600$58,500
3 people$26,650$41,150$65,800
4 people$32,150$45,700$73,100
5 people$37,650$49,400$78,950
6 people$43,150$53,050$84,800
7 people$48,650$56,700$90,650
8 people$54,150$60,350$96,500

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby New Mexico cities

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About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Rio Rancho cost-of-living and Fair Market Rent overview