2-Bedroom Apartment Rent in Rio Rancho, NM
Median asking rent for a 2-bedroom apartment in Rio Rancho, New Mexico as of July 2026. That's +9% lower than the citywide median of $1,857 and +2% above the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Rio Rancho
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Rio Rancho
Compare Rio Rancho's median rent across every apartment size.
Cheapest cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Alamogordo | $930 |
| 2 | Portales | $930 |
| 3 | Silver City | $960 |
| 4 | Clovis | $980 |
| 5 | Roswell | $1,030 |
| 6 | Carlsbad | $1,080 |
| 7 | Farmington | $1,100 |
| 8 | Las Cruces | $1,124 |
| 9 | Santa Teresa | $1,130 |
| 10 | Hobbs | $1,140 |
| 11 | Albuquerque | $1,383 |
| 12 | Los Alamos | $1,400 |
| 13 | Los Lunas | $1,410 |
| 14 | Santa Fe | $1,690 |
| 15 | Rio Rancho (this page) | $1,695 |
Most expensive cities for a 2-bedroom in New Mexico
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho (this page) | $1,695 |
| 2 | Santa Fe | $1,690 |
| 3 | Los Lunas | $1,410 |
| 4 | Los Alamos | $1,400 |
| 5 | Albuquerque | $1,383 |
| 6 | Hobbs | $1,140 |
| 7 | Santa Teresa | $1,130 |
| 8 | Las Cruces | $1,124 |
| 9 | Farmington | $1,100 |
| 10 | Carlsbad | $1,080 |
| 11 | Roswell | $1,030 |
| 12 | Clovis | $980 |
| 13 | Silver City | $960 |
| 14 | Portales | $930 |
| 15 | Alamogordo | $930 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Rio Rancho.
| City | Distance | 2-Bedroom rent | vs Rio Rancho |
|---|---|---|---|
| Albuquerque, NM | 15.6 mi | $1,383 | $-312 (-18%) |
| Los Lunas, NM | 45.8 mi | $1,410 | $-285 (-17%) |
| Los Alamos, NM | 49 mi | $1,400 | $-295 (-17%) |
| Santa Fe, NM | 60.2 mi | $1,690 | $-5 (0%) |
| Farmington, NM | 140.4 mi | $1,100 | $-595 (-35%) |
| Roswell, NM | 198.2 mi | $1,030 | $-665 (-39%) |
2-Bedroom rent in Rio Rancho — common questions
How much is a 2-bedroom apartment in Rio Rancho?
As of July 2026, the median 2-bedroom apartment rent in Rio Rancho, New Mexico is $1,695 per month. This is +9% below the citywide median of $1,857.
What income do you need to afford a 2-bedroom in Rio Rancho?
Using the standard 30% rent-to-income rule, you would need an annual income of about $67,800 ($5,650/month gross), which works out to roughly $32.60/hour at a full-time job.
Is Rio Rancho expensive for a 2-bedroom compared to the rest of the US?
Rio Rancho's 2-bedroom median of $1,695 is +2% above the national 2-bedroom median of $1,655. It ranks in the 52th percentile of US cities tracked.
How does Rio Rancho rank for 2-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 2-bedroom data, Rio Rancho ranks #15 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Rio Rancho?
Yes — nearby cities with cheaper 2-bedroom rents include Albuquerque ($1,383), Los Lunas ($1,410), Los Alamos ($1,400).