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Homes Under $300K in Rio Rancho

Find affordable homes under $300,000 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 29 listings in Rio Rancho.

Welcome to 516 Christine Drive NE--a beautifully updated single-story home on a spacious 0.4-acre lot. This charming 3-bedroom, 2-bathroom residence boasts tons of natural light, fresh interior paint, and the comfort of refrigerated air. Enjoy ample outdoor space perfect for entertaining or gardening. Don't miss this move-in-ready gem--schedule your tour today!

3
BEDS
2
BATHS
1,298
SQFT
0.37
ACRES

Spacious 3-bedroom, 2-bath home offering approximately 1,098 sq ft, with 2-car garage and side yard access. Functional layout with solid potential. Exterior has been freshly painted. Appliances convey. Some cosmetic updates needed, including flooring and interior improvements, and priced accordingly. Large backyard offers space for outdoor living and future enhancements. Convenient location near shopping, dining, parks, and major routes. Great opportunity for owner-occupants or investors looking to build equity, renovate, rent, or resale. Schedule your private showing today!

3
BEDS
2
BATHS
1,098
SQFT
0.2
ACRES

Popular open floor plan, front bedroom opposite others, dining area plus dining bar, granite counter tops, large master bedroom has walk in closet and large shower, private walled back yard with covered patio. Close to schools, City Center, community park and easy access to city amenities. Solar system operation and ownership type to be verified by Buyer.

3
BEDS
2
BATHS
1,402
SQFT
0.11
ACRES

Welcome to 3853 Oasis Springs Rd NE in Rio Rancho! This well-maintained single-story home offers vaulted ceilings, bright natural light, and an open living and dining layout. The kitchen provides generous cabinet storage, ample counter space, and clear views into the main living space. The primary suite features a private bath and roomy closet, while the secondary bedrooms add valuable extra living space. Enjoy a low-maintenance yard and comfortable outdoor space. The fully paid-off solar system delivers lower monthly electric bills, long-term cost stability, and energy efficiency with no lease or financing payments. Located near Rio Rancho Events Center, UNM Sandoval Regional Medical Center, schools and parks.Plan your visit and see the value for yourself.

3
BEDS
2
BATHS
1,238
SQFT
0.12
ACRES

Welcome to this charming two-bedroom, two full bath home with two car garage. Great turnkey starter home for first time home buyers starting a family. Up dated kitchen appliances, Spacious and private back yard. Bring your vision to this expansive blank canvas. Roof was replaced in 2018, and the air conditioner is just over a year old. Close to schools, parks and entertainment.

2
BEDS
2
BATHS
959
SQFT
0.13
ACRES

Oversized back patio!! Welcome to easy living in this beautifully maintained home located in a desirable 55+ community. Designed for comfort and convenience, this residence offers a spacious, floor plan with generous living areas. This home greets you with a beautiful red rose bush and mature agave plants along main window. Residents of this age-restricted community enjoy access to thoughtfully curated amenities such as a clubhouse, library, social activities (and more) that foster connection and an active lifestyle. Come experience low-maintenance living at its finest!

2
BEDS
2
BATHS
1,165
SQFT
0.01
ACRES

Walk into this cozy home and enjoy the huge lot with plenty of space in the front and the back! Updated flooring, cabinets, counters, fresh paint, updated lighting and new carpet. New tile surround in bathroom with updated toilet, vanity and mirror. New garage door and garage door opener. Come view today and make it home.

2
BEDS
1
BATHS
1,005
SQFT
0.15
ACRES

This spacious 4-bedroom, 3-bathroom gem, offers incredible potential and immediate equity. Nestled in a desirable neighborhood, this home boasts a versatile layout perfect for families or entertaining. 4 Bedrooms + Loft: Includes a massive master suite with its own private loft, ideal for a cozy retreat or home office. 3 Full Bathrooms: Plenty of space and convenience for everyone. Additional Family Room: The upstairs loft serves as a second family room, perfect for movie nights or a play area. Wet Bar: Elevate your hosting game with a stylish wet bar for gatherings. Spacious & Modern Layout: Open and airy, with room to make it your own. It needs a few updates. Short sale, subject to lender approval.

4
BEDS
3
BATHS
2,672
SQFT
0.12
ACRES

This charming condo offers a great combination of updates and convenience. Featuring fresh paint, new carpet in the bedrooms and a newer roof replaced in August 2025, this home is move-in ready. The two car garage provides excellent storage and parking, while the affordable HOA makes ownership even more appealing. Conveniently located near everyday amenities and major routes, this is a fantastic opportunity to enjoy easy, low maintenance living.

2
BEDS
1
BATHS
915
SQFT
0.09
ACRES

GORGEOUS 2-Bedroom, 2 Bathroom condo located within The Fairways Condominiums of Rio Rancho. This unit is on the end of the building - ''Garden Unit'' - so no one lives above you!! Open floor plan with living room, separate dining room and kitchen. Many upgrades in the kitchen and bathrooms. Back patio has been enclosed making a lovely and inviting sunroom. Refrigerated air and assigned covered carport space. This unit is located just yards from the swimming pool!! Don't miss out on owning one of the few Garden Units in this community and this unit is in a prime location!!

2
BEDS
2
BATHS
1,242
SQFT

Welcome to this well-maintained 3-bedroom, 2-bath home located near a neighborhood park, elementary school, and hospital. The home offers tile flooring throughout, a bright and functional layout, and neutral finishes that make it easy to personalize.Key system improvements include PEX plumbing and the removal of poly piping. The kitchen is equipped with upgraded electrical, a microwave, a dishwasher stub-out, and proper water heater grounding. Conveniently situated near running trails, the local event center, and downtown, this property offers both comfort and accessibility.

3
BEDS
2
BATHS
1,036
SQFT
0.11
ACRES
$284,900
-10,000$ 02/09

Welcome home to 715 Redwood St SW in Rio Rancho! This well-maintained home offers a comfortable and functional layout with great natural light and inviting living spaces. Enjoy a spacious kitchen with ample cabinetry and dining area, perfect for everyday living and entertaining. The primary suite provides a relaxing retreat with its own private bath, while the additional bedrooms offer flexibility for family, guests, or a home office. Step outside to a backyard with plenty of space to relax, garden, or create your own outdoor oasis. Conveniently located near shopping, dining, parks, and easy access to major roads--this home is a must-see.

3
BEDS
2
BATHS
1,240
SQFT
0.14
ACRES

LET'S GET MOVING!! SUPER HOME in need of a NEW OWNER TODAY! Good central location, EZ access, SUPER VALUE! In of someone to make it a HOME!! INVESTORS ..GO NOW! READY TODAY, EZ!! Go TODAY, Send that OFFER and LET'S GET MOVING!!

3
BEDS
3
BATHS
1,696
SQFT
0.12
ACRES

Check out this welcoming home in the North Hills Community. The interior is light and bright, the refrigerator, microwave, washer and dryer convey as is. The front landscaping is maintained by the association. It's conveniently located near the Rio Rancho Events Center and CNM, Rio Rancho campus, as well as UNM Regional Medical Center. It boasts an efficient and practical floorplan w/3 bedrooms, 2 bathrooms and 2 car garage. Luxury Vinyl Tile flooring throughout the interior. Recent energy efficient windows. Backyard is well sized for patio furniture and out door entertaining. All polybutylene has been removed and replaced. The roof, and stucco were done in 2019.There's also a leased solar system that can be assumed. Additional features include updated lighting & a smart garage door

3
BEDS
2
BATHS
1,085
SQFT
0.11
ACRES

Welcome to your dream home in the picturesque NE Rio Rancho. This home boasts a cute porch that welcomes you right before the main entrance, an open floor plan, Cathedral ceilings. fresh paint & new fixtures throughout. SS Appliances + W/D. But the true highlight is the sunroom that holds a great potential as a 3rd bedroom and offers magnificent views of the Sandia Mountains. Just imagine sipping your morning coffee while watching colorful balloons drift by or unwinding in the evening as you take in the spectacular sunsets. Home provides a serene retreat while still being conveniently located near all the amenities you need.2-car garage. Possible back yard access. No backyard neighbor the only thing behind are breathtaking views that stretch for miles.

3
BEDS
2
BATHS
1,147
SQFT
0.12
ACRES

This charming 3-bedroom, 2-bath mobile home sits on a permanent foundation and offers the perfect blend of comfort and space on a 1/2 acre lot. Inside, you'll find a beautifully updated kitchen, along with new paint and flooring that give the home a fresh, welcoming look. whether you're first-time buyer or looking for room to spread out, this property offers value, updates, and land, ready for you to make it your own. Backyard access!

3
BEDS
2
BATHS
1,309
SQFT
0.5
ACRES

Welcome home to 1379 Fireweed Dr NE in Rio Rancho. This lovely home has been cared for inside and out and is move in ready. The current owners updated the HVAC system with a new furnace and refrigerated air units in 2024. As you enter the front foyer, the entryway becomes an inviting space to welcome guests. Stainless steel appliances and subway tile backsplash in the kitchen gives the home a modern touch. Cathedral ceilings in the living room provide an open feel to the ample living space. You won't want to miss out on this gem!

2
BEDS
2
BATHS
1,352
SQFT
0.12
ACRES

Welcome to this superb and well maintained home on a larger lot!This well located home is a gem! There's fruit trees, a drip watering system,and a fenced garden area. Beautiful mountain views from the backyard! Three courses of block were added to the backyard for more privacy. The covered patio offers a bar for outdoor entertaining. A metal gazebo with fabric cover is included. There's a basketball hoop, trampoline, firepit, and benches that stay. Lovely floor-plan with an eat-in kitchen and extra cabinets. Both bathrooms have been remodeled. Livingroom feels spacious with vaulted ceilings. HVAC was replaced in 2024.

3
BEDS
2
BATHS
1,168
SQFT
0.21
ACRES

Investor Special with Incredible Views!Set on a generous 0.25-acre lot, this 3-bedroom, 2-bath home offers breathtaking views and endless potential for the right buyer. The property is in need of a full renovation and plenty of TLC, making it a prime opportunity for investors, flippers, or buyers looking to create their dream home from the ground up. With a solid footprint, spacious lot, and stunning surroundings, this is your chance to add significant value and bring new life to a home in a truly special setting. Cash or renovation loans recommended.

3
BEDS
2
BATHS
1,242
SQFT
0.25
ACRES

This charming starter home offers a welcoming open floor plan that feels bright, comfortable, and easy to live in. Thoughtful updates add modern touches while maintaining the home's warm character.Located in a great neighborhood, the property provides both convenience and community, with close proximity to shopping, restaurants, and everyday essentials. Whether you're a first-time buyer or looking to downsize, this home is a fantastic opportunity to enjoy comfort, location, and value all in one.

3
BEDS
2
BATHS
1,302
SQFT
0.2
ACRES

Welcome to this absolutely stunning home in the desirable Northern Meadows community! This property has been beautifully remodeled and is in excellent move-in condition. The interior features a wide-open floor plan that maximizes every inch of the 1,088 sq. ft. layout, leading into a spacious kitchen with loads of counter and cabinet space.Retreat to the inviting master suite or step outside to enjoy true New Mexico outdoor living. The incredible backyard features both covered and open patio areas--perfect for entertaining or relaxing. With low-maintenance landscaping in both the front and back, plus a 2-car garage, this home offers easy living at a great value. Zoned for Cleveland High School. You won't be disappointed!

2
BEDS
2
BATHS
1,088
SQFT
0.11
ACRES

Great corner property located the heart of Rio Rancho. With your special touch this home could be a great opportunity for some sweat equity for a home owner, or a financial opportunity for an investor. This home offers 2 orginal bedrooms with a possiblity of 4 bedooms. The carport conversion does have plumbing for kitchen and bath.

3
BEDS
2
BATHS
1,637
SQFT
0.24
ACRES

Discover comfort and convenience in this charming 3-bedroom, 2-bath townhouse located in The Islands, a desirable 55+ gated community in Rio Rancho. Enjoy stunning Sandia Mountain views from the expansive covered patio, perfect for relaxing or entertaining. A welcoming private courtyard leads into a spacious family room featuring a cozy gas fireplace. The open kitchen and dining area offer raised-panel oak cabinets, stainless steel appliances, and a convenient wet bar, creating an ideal space for everyday living and hosting guests. The large primary suite includes a generous walk-in closet and a full bath for added comfort. Residents enjoy easy access to the community park and tranquil waterfall, adding to the peaceful ambiance of this sought-after neighborhood.Priced to Sell!!!

3
BEDS
2
BATHS
1,407
SQFT
0.1
ACRES

Charming single-story home in the desirable Vista Hills neighborhood! This 3-bed, 2-bath home offers about 1,350 sq ft of comfortable living space on a generous 0.23-acre lot. Inside, enjoy an open living area that flows into the dining and kitchen spaces--perfect for everyday living. Bedrooms are spacious and versatile for guests or a home office.The large backyard provides plenty of room for entertaining, gardening, or future expansion. Conveniently located near schools, parks, shopping, and easy access to major roads. A great option for first-time buyers or investors looking for solid value in a growing Rio Rancho community.

3
BEDS
2
BATHS
1,370
SQFT
0.23
ACRES

This 3-bedroom, 2-bath home comes with refrigerated air, fresh paint throughout, and new windows. Appliances are included, and furniture & security cameras are negotiable. Move-in ready and ideally located in the heart of Rio Rancho!

3
BEDS
2
BATHS
1,316
SQFT
0.11
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

Southwest MLS Logo Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.