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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 28 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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Welcome to this beautifully maintained townhome in the gated Astante at Cabezon community! Thoughtfully designed with an open-concept floor plan, this home is filled with natural light and offers inviting living spaces that are perfect for both everyday living and entertaining.The spacious primary suite offers a private retreat with a generous walk-in closet and en-suite bath, while the additional bedroom provides flexibility for guests, a home office, or hobbies. Step outside to enjoy your private outdoor space, perfect for relaxing or enjoying New Mexico's beautiful weather.Situated in the Astante at Cabezon community, this home is close to parks, walking trails, shopping, dining, and other local amenities.

2
BEDS
2
BATHS
1,042
SQFT
0.07
ACRES

Discover easy living in this charming home designed for comfort and functionality. The eat-in kitchen overlooks the living area, with a partial wall that creates defined spaces while maintaining an open, connected feel. Natural light enhances the welcoming interior, and easy-care flooring throughout the main living areas adds style and convenience. Step outside to a low-maintenance backyard with plenty of space to unwind, entertain, or create your own outdoor retreat. Located near parks, trails and Rio Rancho Events Center. Ideal for first-time buyers, those looking to downsize, or investors seeking a move-in-ready opportunity with lasting value. Schedule your private showing today and discover all the charm this Home Sweet Home has to offer.

2
BEDS
1
BATHS
861
SQFT
0.14
ACRES

Adorable 3 bedroom home in Rio Rancho. This inviting floor plan features a spacious living area with a convenient kitchen pass-through that creates an open feel while still providing defined living spaces. The eat-in kitchen offers a pantry and plenty of room. Tile and carpet run throughout the home, while both bathrooms feature tiled shower surrounds, nice vanities, and stylish mirrors. Relax in the screened-in patio, adding to the living space, or step outside to the large backyard, ready for your personal touch and full of possibilities. The large lot has no backyard neighbor for added privacy and is just moments from a nearby park. Complete with a 2-car garage, this home is ready to make your own.

3
BEDS
2
BATHS
1,450
SQFT
0.14
ACRES

Charming 3-bedroom, 2-bath home in Rio Rancho! Features include a spacious eat-in kitchen with bay window, generous room sizes, and a private primary suite. Enjoy the covered patios, walled backyard, and easy-care backyard. Detached garage! Move-in ready and full of potential! Come see this one! It won't last long!

3
BEDS
2
BATHS
1,177
SQFT
0.12
ACRES

Beautifully maintained and thoughtfully updated, this inviting 3-bedroom, 2-bath home is ready for its next owner. Recent improvements include granite countertops, stainless steel appliances, refreshed flooring, interior paint, an updated refrigerated air system, and a recently replaced water heater, offering modern comfort and peace of mind. The functional floor plan features welcoming living spaces anchored by a cozy wood-burning fireplace, creating the perfect setting for relaxing or entertaining. A paid-off solar system provides exceptional energy efficiency and long-term savings. Conveniently located near parks, shopping, restaurants, and everyday amenities, this move-in-ready home is one you won't want to miss.

3
BEDS
2
BATHS
1,129
SQFT
0.12
ACRES

4 BR, 2 BA Spacious home, CITY WATER, REF, Washer & Dryer, Open FL PLN, vaulted ceilings, Large primary suite includes generously sized bathroom, Walk-in closet, DBL carport, storge shed, fully fenced on half an acre, gas furnace and H2O heater, upgraded insulation, dormer, covered front porch with disability access and so much more! Conveniently located. Some photos have been virtually staged and/or AI enhanced.

4
BEDS
2
BATHS
1,404
SQFT
0.5
ACRES

Welcome home to this adorable, move-in ready gem! Freshly painted and lovingly maintained, this charming 2-bedroom, 1.75-bath home offers easy living with tile flooring throughout and a bright, inviting interior. The kitchen features newer stainless steel appliances--all of which convey--making this home truly move-in ready. Enjoy peace of mind with no polybutylene plumbing (2023) and relax under the covered patio, perfect for morning coffee or evening gatherings. Located just around the corner from a sweet North Hills neighborhood park in a quiet, lovely community, this home is ideal for first-time buyers, those looking to downsize, or anyone seeking low-maintenance living. Super clean, full of charm, and ready for its new owner!

2
BEDS
2
BATHS
929
SQFT
0.11
ACRES

Bring your first time homebuyers this to this cute 3 bedroom/2 bath home that includes all appliances. Great home for those who want to downsize also. It is in North Hills and close to a park.

3
BEDS
2
BATHS
1,184
SQFT
0.11
ACRES

Welcome to this spacious, well-maintained condo featuring fresh paint, new flooring, and updated lighting throughout. The open floor plan offers comfortable living and excellent storage, including walk-in closets in both bedrooms. The primary suite features a large walk-in shower, while a stacked washer and dryer are conveniently located in a dedicated utility closet. Enjoy your private balcony with additional storage and pleasant views.The HOA provides exceptional value by maintaining the roof, hot water heater, furnace, cooler, and all pipes and wiring within the walls, making for easy, low-maintenance living. Located in a wonderful community, this property offers comfort, convenience, and peace of mind.

2
BEDS
2
BATHS
1,171
SQFT

Popular open floorplan, large living room with vaulted ceiling, formal dining area plus dining nook, huge kitchen with plenty of cabinet & counter space, pass through to dining area & large pantry, spacious primary bedroom with work station and floor to ceiling mirror closet, 2nd bedroom has a walk in closet & banco style window, bathroom has ceramic tile surround and a custom vanity. Huge private back yard with covered patio & gated back yard access, landscaped front yard with large shade tree. All new 2026 plumbing & electrical fixtures, paint, carpet & vinyl plank flooring, cabinets & counter tops, stainless steel appliances, doors & baseboard. Additionally, roof, CFA heating unit, water heater and garage door were updated in recent years. NO POLY. Easy access to all amenities.

2
BEDS
1
BATHS
978
SQFT
0.2
ACRES

HOME PROJECT ON A GATED ACREAGE LOT WITH INCREDIBLE POTENTIAL! This piece of land with a completed garage/potential to be casita offers the perfect spot to build your custom home. Included with the land are blue prints that can be used for your new home, gated entry, and new appliances still in the box! The sale also includes premium kitchen cabinetry, designer bathroom tile, and matching stone for the exterior and fireplace. Situated on a spacious lot in Rio Rancho with electricity and natural gas available at the easement. Well and septic still needed. Perfect opportunity for investors or for you to build your dream home! Call for more info today. Photo of home is a rendering.

2
BEDS
2
BATHS
1,731
SQFT
0.5
ACRES

Beautifully updated 2 bedroom, 2 bathroom condo with a private balcony overlooking the old golf course. This unit offers a comfortable layout with great natural light and a shaded outdoor space provided by a mature tree--perfect for relaxing year-round. Recent upgrades include new Anderson windows (2025), a new Pella patio door (2025), new gas furnace (2025) installed by 1st Rate Plumbing/Heating, Water heater (2019) and a new electric A/C system (2025). The home is move-in ready with all appliances included: microwave, stove, dishwasher, refrigerator, washer, and dryer.

2
BEDS
2
BATHS
1,157
SQFT

Home back on the market after a full paint job and new carpet Wonderful 3-Bedroom, 2-Bath Home with 2-Car Garage. Home located in a desirable neighborhood, this charming home offers approximately 1451 feet of living space and plenty of potential. This property could become the perfect starter home, investment, or personal residence. Features include a spacious layout, large bedrooms and a great location.Whether you're a first-time buyer or an investor looking for your next opportunity, this home is full of possibilities. Don't miss your chance to add your personal touch and make this house shine, Schedule you're showing today!

3
BEDS
2
BATHS
1,451
SQFT
0.14
ACRES
$295,000
-16,000$ 06/29

Welcome to this beautifully maintained Rio Rancho gem featuring 2 bedrooms and 2 bathrooms with a bright, open-concept floor plan designed for comfortable living and entertaining. Enjoy wood flooring throughout with no carpet, ceiling fans in multiple rooms, and refrigerated air for year-round comfort. The thoughtfully designed kitchen and living areas flow seamlessly together, creating an inviting atmosphere.Additional highlights include a private backyard, a hot water recirculation system, newer roof and water heater, low-maintenance xeriscape landscaping, and the added benefit of no HOA and no PID. Conveniently located near shopping, dining, schools, parks, and everyday amenities, this move-in-ready home offers both comfort and convenience in a desirable Rio Rancho location. Must See

2
BEDS
2
BATHS
1,087
SQFT
0.11
ACRES

Discover peaceful, secure living in The Islands, a premier 55+ gated community. This charming 2-bedroom, 2-bathroom home boasts high ceilings, a cozy fireplace, and an abundance of natural light. Step outside to your private, fenced patio, the perfect spot for morning coffee or evening relaxation. Ideally located near shops and cafes, this home is positioned to benefit from upcoming/exciting nearby developments, including a vibrant new town center with dining and gathering spaces. Experience the perfect mix of comfort, convenience, and growth.

2
BEDS
2
BATHS
1,480
SQFT
0.08
ACRES

Welcome home to this beautifully maintained manufactured home nestled on a cul-de-sac lot. This property offers front parking as well as gated backyard access for additional parking. Inside, you'll find a spacious open-concept floor plan that is perfect for everyday living and entertaining. The home features 2 bedrooms, 2 bathrooms, and a versatile flex room that can serve as a home office or potential third bedroom. The primary suite includes a walk-in closet and a relaxing garden tub. The carpet is freshly shampooed and cabinets repainted. Two sheds provide ample space for storage. Additional improvements: exterior repainted, updated plumbing beneath the home completed in 2019. Land and home convey together, offering a fantastic opportunity for homeownership or investment!

2
BEDS
2
BATHS
1,226
SQFT
0.13
ACRES

Meet 6948 Angela Dr NE, recently updated with a new roof and fresh interior paint throughout. The kitchen includes all stainless steel appliances, and a partial flooring replacement complements the overall refreshed interior. The primary bathroom features double sinks. Outside, a functional patio extends to a fenced in backyard. This residence is a blend of modern updates and practical comfort, ready for you. Included 100-Day Home Warranty with buyer activation

3
BEDS
2
BATHS
1,129
SQFT
0.11
ACRES

Charming 3-bed, 2-bath in Corrales North on a spacious 0.2-acre lot. At 1,202 sq ft, it's the perfect size comfortable, manageable, and full of potential. East-facing with great natural light, a 1-car garage, and top Rio Rancho schools including Enchanted Hills Elementary. A solid home in a great spot. Don't sleep on this one.

3
BEDS
2
BATHS
1,202
SQFT
0.2
ACRES

Popular centrally located well maintained gated community. Courtyard style entry, raised celings, southwest accents, dining area +dining nook, large master bedroom/bathroom, separate shower & garden tub, covered patio w/tile floor, private w/ separate access to MBR, views. A 55+ Community. Sold as is with all faults. No pre-closing repairs or payments will be made for any reason. Home is eligible for FHA financing - IN (insurable) - and is FHA 203(k) eligible. Insurability subject to buyer's appraisal. Approval must be granted in advance by HUD's Field Service Manager for utility turn on. If plumbing deficiencies exist, approval for water turn on may be denied; please reference Property Condition Report. PCR is not to be relied upon in lieu of a home inspection. Equal Housing Opportunity.

2
BEDS
2
BATHS
1,634
SQFT
0.08
ACRES

Looking to build equity or simplify your lifestyle? This stunning 1,587 sq ft, one-story end-unit townhome in Rio Rancho is the perfect starter or downsize home! Featuring 3 beds, 2 baths, & a 2-car garage, this rare find offers single-family privacy with only one attached neighbor. You'll love the airy open floor plan, cozy gas fireplace, pass-through kitchen, and completely carpet-free, all-tile flooring. Step outside to your private covered patio and enjoy true lock-and-leave convenience--the ultra-low $183/quarter HOA handles all front and rear landscaping! FHA & VA financing eligible, this turnkey gem sits minutes from top schools, parks, and dining. Don't wait--low-maintenance homes like this sell fast. Call today to schedule your private tour!

3
BEDS
2
BATHS
1,587
SQFT
0.06
ACRES

Welcome to this charming 2-bedroom, 1-bath home located in the heart of Rio Rancho. This well-maintained property offers a spacious living area and plenty of natural light throughout. The kitchen provides ample cabinet and counter space, making meal prep and entertaining easy. Both bedrooms are generously sized with great closet space. Conveniently located near schools, parks, shopping, restaurants, and easy freeway access. Whether you are a first-time home buyer, downsizing, or looking for an investment opportunity, this home is full of potential and ready for its next owner. Home is tenant occupied until March 2027

2
BEDS
1
BATHS
806
SQFT
0.15
ACRES
$299,900
-5,100$ 06/24

Completely remodeled and move-in ready, this stunning single-story home offers the perfect blend of style, comfort, and functionality! Featuring 3 bedrooms, 2 bathrooms, and a 1-car garage, this beautifully updated property showcases a modern kitchen with gorgeous granite countertops, stainless steel appliances, and plenty of space for entertaining. Enjoy the convenience of backyard access and a spacious backyard complete with a covered patio--ideal for relaxing, gatherings, or creating your own outdoor oasis. With thoughtful upgrades throughout and a bright, inviting layout, this home is a must-see!

3
BEDS
2
BATHS
1,075
SQFT
0.2
ACRES

Welcome to 3197 Wingate Meadows, a beautifully maintained 3-bedroom, 2-bath home offering 1,100 square feet of comfortable living. This inviting property features an open-concept layout filled with natural light, creating a warm and welcoming atmosphere. The efficient kitchen offers ample cabinet space and flows seamlessly into the living area, perfect for everyday living and entertaining. The primary suite provides a private retreat, while two additional bedrooms offer flexibility for guests, a home office, or growing needs. Enjoy a low-maintenance yard with space to relax or entertain. Conveniently located near shopping, dining, and major roadways, this move-in ready home offers both comfort and convenience.

3
BEDS
2
BATHS
1,100
SQFT
0.21
ACRES

Clean and move-in ready home on a 0.28-acre fully fenced lot in Rio Rancho! Approx. 1,456 sq ft with open-concept living and dining, functional kitchen with included appliances, and refrigerator to be installed prior to closing per contract. Enjoy the front deck and spacious backyard with storage shed and side-access parking. De-titled and converted to real property on a permanent foundation with current foundation certification -- eligible for Conventional, FHA & VA financing. Zoned for Colinas del Norte Elementary, Eagle Ridge Middle, and V. Sue Cleveland High. Don't miss this one!

3
BEDS
2
BATHS
1,456
SQFT
0.28
ACRES

This 2 Bedroom, 2 Bath home boasts a spacious floorplan and eat-in kitchen.. Both bedrooms are generously sized . Large backyard great for dogs and entertaining.

2
BEDS
2
BATHS
904
SQFT
0.15
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.