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Homes Under $200K in Rio Rancho

Find affordable homes under $200,000 in Rio Rancho, New Mexico. These budget-friendly properties offer great value for first-time buyers, investors, and anyone looking for an affordable entry into the market.

Showing 9 listings in Rio Rancho. Want to refine your search? Use our Advanced Home Search to filter by price, bedrooms, features, and more.

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Seller offering $3,500 credit to buyers for flooring, repairs, or title costs w/a reasonable offer. GROUND FLOOR unit CONVENIENTLY LOCATED TO ALL RIO RANCHO HAS TO OFFER. This lovely condo features two spacious bedrooms, a comfortable living room, enclosed sunroom, dining room, kitchen w/granite countertops & updated lighting, custom backsplash, electric stove (2026), microwave, and stainless steel kitchen sink. Have peace of mind with the association fees covering the maintenance for the cooler, furnace, hot water heater, structure, wiring, plumbing in walls, & trash.

2
BEDS
2
BATHS
1,133
SQFT
0.02
ACRES

Conveniently located, and afforably priced two bedroom condo at the Fairways. Well taken care of unit, with 1.5 baths. Living and dining area. Light and bright kitchen. Updated stainless steel appliances. One year old water heater. Stylish tile in the bathroom. Catch some fresh air on the enclosed patio. Newer washer and dryer included. Live in comfort, be close to it all. See it, love it, own it, today!

2
BEDS
2
BATHS
967
SQFT

New paint and new flooring makes this condo ready to occupy. Upgraded windows and marble shower. Loaded with storage. Large rooms including an eat in kitchen + dining area. Balcony with storage and a one car garage.Association covers major components, roof, hot water heater, evap cooler furnace and more.

2
BEDS
2
BATHS
1,133
SQFT

Welcome to 921 Country Club Dr, an updated condo in the Fairways Condominium Community! A light & bright floor-plan filled with updates. Throughout the home you will find updated flooring and fresh paint. The kitchen is equipped with stainless steel appliances and natural light that opens up to a large living space. A jack & jill set up for the bathrooms enables functionality for both bedrooms. Both bathrooms have updates vanities & mirrors. The community is the cherry on top, filled with mature trees, grass and a swimming pool! You will also have your personal parking space which is located in front of the condo. SCHEDULE YOUR SHOWING TODAY!

2
BEDS
2
BATHS
970
SQFT

Welcome to this move-in ready 2-bedroom, 2-bath condo in Country Club Villas at Rio Rancho, AKA The Greens. This bright and cozy home features a great layout and has open lawn space off the patio. Recent updates include fresh interior paint, brand-new carpet, new dishwasher, new disposal, and new faucets. There is also a detached 1-car garage with extra space for storage. HOA covers heating and cooling units, the water heater, building and grounds maintenance. Desirable community close to shopping, dining, and everyday conveniences. Home only qualifies for Non-Conforming Conventional Loans or CASH, no federally funded loans, or buyer must have 15-20% down. Please inquire with listing broker for lender options with non-warrantable condo loan program. Only CERTIFIED svc animals allow

2
BEDS
2
BATHS
1,133
SQFT

Welcome to this charming condo in The Greens, ideally located in central Rio Rancho near Southern Blvd and Sara Rd/Country Club Dr. This two-bedroom, two-bath home features a spacious open-concept layout connecting the living, dining, and kitchen areas--perfect for comfortable living and entertaining. The large kitchen offers room for an island and includes a generous pantry for extra storage. Step onto the private patio off the living room and enjoy peaceful views of the landscaped grounds and mountain views. The condo association maintains HVAC, water heater, plumbing, electrical, and the exterior, providing convenient, low-maintenance living. This is a no pet property.

2
BEDS
2
BATHS
1,133
SQFT

Welcome to comfortable living in the heart of Rio Rancho! Conveniently located 2 bed, 2 bath condo offering easy access to shopping, dining, and everyday amenities. This 1,100 sq ft home is a blank slate ready for your personal touch--create the space you've been dreaming of! Enjoy low-maintenance living with just the right amount of space--no long weekends spent cleaning, just more time doing what you love. Perfect for those seeking simplicity, efficiency, and comfort. Why rent when you can own for less and start building equity? Don't miss this opportunity--schedule your showing today !

2
BEDS
2
BATHS
1,107
SQFT
0.04
ACRES

This charming 1-bedroom, 1-bath condo is move-in ready and designed for comfortable living. Brand new carpet, updated appliances, and a generously sized kitchen create a warm and inviting atmosphere. The bathroom has been thoughtfully renovated, offering a modern touch. Enjoy your own private balcony; perfect for morning coffee or relaxing outdoors. Residents also have access to a community pool, ideal for cooling off during the warmer months. Schedule your showing today!

1
BEDS
1
BATHS
883
SQFT

Opportunity Knocking! Updated 2 bdroom downstairs condo under $200K Complex is conveniently located near shopping, Rust Hospital, PO, & Intel.Updated kitchen featuring cabinets w/ soft close drawers & doors, glass mosaic backsplash and tile floors. Additional cabinets added with Butcher Block countertop. Refrigerator, washer & dryer convey. Both baths are updated with newer vanities, re tiled shower surrounds and tile floors. Large dining room can easily accomodate table, chairs and buffet. Windows & sliding door replaced in 2020. Covered patio in backyard offers views of the Sandias. Each unit has it's own covered parking space. Refrigerated A/C is a plus! Community pool & a pet friendly complex. Don't miss seeing this move-in ready cutie!

2
BEDS
2
BATHS
1,116
SQFT
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

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