Rent in Rio Rancho, NM
Across Rio Rancho's 3 ZIP codes, a 2-bedroom typically rents for about $1,317 a month, with figures from $1,311–$1,384. The highest typical rent is in 87174 ($1,384) and the lowest in 87144 ($1,311). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Sandoval County pay about 0.73% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $977 | $977–$1,132 | 3 |
| 1 bed | $1,112 | $1,112–$1,134 | 3 |
| 2 beds | $1,317 | $1,311–$1,384 | 3 |
| 3 beds | $1,668 | $1,661–$1,902 | 3 |
| 4 beds | $1,921 | $1,823–$2,242 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Rio Rancho ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Rio Rancho, NM?
- About $1,317 a month: the median of the typical rents in 3 ZIP codes, which range from $1,311–$1,384. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Rio Rancho, NM?
- About $1,112 a month: the median of the typical rents in 3 ZIP codes, which range from $1,112–$1,134. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Rio Rancho, NM?
- About $1,668 a month: the median of the typical rents in 3 ZIP codes, which range from $1,661–$1,902. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Rio Rancho, NM?
- About $977 a month: the median of the typical rents in 3 ZIP codes, which range from $977–$1,132. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Rio Rancho, NM?
- About $1,921 a month: the median of the typical rents in 3 ZIP codes, which range from $1,823–$2,242. Figures are gross rent (rent plus tenant-paid utilities).
- Which Rio Rancho ZIP code has the highest rent?
- For a 2-bedroom, 87174 has the highest typical rent at $1,384 a month, and 87144 the lowest at $1,311.
- What is the property tax rate in Rio Rancho, NM?
- Owner-occupied homes in Sandoval County pay a typical 0.73% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Rio Rancho rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).