3-Bedroom Apartment Rent in Rio Rancho, NM
Median asking rent for a 3-bedroom apartment in Rio Rancho, New Mexico as of July 2026. That's +28% higher than the citywide median of $1,857 and +12% above the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Clovis | $1,250 |
| 2 | Silver City | $1,280 |
| 3 | Alamogordo | $1,310 |
| 4 | Portales | $1,310 |
| 5 | Roswell | $1,330 |
| 6 | Hobbs | $1,410 |
| 7 | Carlsbad | $1,430 |
| 8 | Farmington | $1,540 |
| 9 | Las Cruces | $1,562 |
| 10 | Santa Teresa | $1,570 |
| 11 | Los Alamos | $1,890 |
| 12 | Albuquerque | $1,939 |
| 13 | Los Lunas | $1,980 |
| 14 | Santa Fe | $2,137 |
| 15 | Rio Rancho (this page) | $2,375 |
Most expensive cities for a 3-bedroom in New Mexico
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Rio Rancho (this page) | $2,375 |
| 2 | Santa Fe | $2,137 |
| 3 | Los Lunas | $1,980 |
| 4 | Albuquerque | $1,939 |
| 5 | Los Alamos | $1,890 |
| 6 | Santa Teresa | $1,570 |
| 7 | Las Cruces | $1,562 |
| 8 | Farmington | $1,540 |
| 9 | Carlsbad | $1,430 |
| 10 | Hobbs | $1,410 |
| 11 | Roswell | $1,330 |
| 12 | Portales | $1,310 |
| 13 | Alamogordo | $1,310 |
| 14 | Silver City | $1,280 |
| 15 | Clovis | $1,250 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Rio Rancho.
| City | Distance | 3-Bedroom rent | vs Rio Rancho |
|---|---|---|---|
| Albuquerque, NM | 15.6 mi | $1,939 | $-436 (-18%) |
| Los Lunas, NM | 45.8 mi | $1,980 | $-395 (-17%) |
| Los Alamos, NM | 49 mi | $1,890 | $-485 (-20%) |
| Santa Fe, NM | 60.2 mi | $2,137 | $-238 (-10%) |
| Farmington, NM | 140.4 mi | $1,540 | $-835 (-35%) |
| Roswell, NM | 198.2 mi | $1,330 | $-1,045 (-44%) |
3-Bedroom rent in Rio Rancho — common questions
How much is a 3-bedroom apartment in Rio Rancho?
As of July 2026, the median 3-bedroom apartment rent in Rio Rancho, New Mexico is $2,375 per month. This is +28% higher than the citywide median of $1,857.
What income do you need to afford a 3-bedroom in Rio Rancho?
Using the standard 30% rent-to-income rule, you would need an annual income of about $95,000 ($7,917/month gross), which works out to roughly $45.67/hour at a full-time job.
Is Rio Rancho expensive for a 3-bedroom compared to the rest of the US?
Rio Rancho's 3-bedroom median of $2,375 is +12% above the national 3-bedroom median of $2,130. It ranks in the 61th percentile of US cities tracked.
How does Rio Rancho rank for 3-bedroom rent in New Mexico?
Among the 15 cities in New Mexico with 3-bedroom data, Rio Rancho ranks #15 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Rio Rancho?
Yes — nearby cities with cheaper 3-bedroom rents include Albuquerque ($1,939), Los Lunas ($1,980), Los Alamos ($1,890).