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Homes Under $400K in Rio Rancho

Find affordable homes under $400,000 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 85 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

Charming 3-bedroom, 2.5-bath home nestled in the highly sought-after High Resort Village community of Rio Rancho. Boasting an open and functional floor plan, this home offers comfortable living spaces and stunning views of the Sandia Mountains right from your backyard. The property presents an excellent opportunity for updates and personalization. With a little TLC, you can truly make it your own and build instant equity. Perfect for first-time buyers ready to add their personal touch or investors seeking potential in a prime location.

3
BEDS
3
BATHS
1,937
SQFT
0.11
ACRES

The Bisbee by LGI Homes is located in the picturesque community of Entrada at High Range. This beautiful one-story home features an open floor plan with 3 bedrooms and 2 full baths. Enjoy upgrades throughout, including granite countertops with a bar top, custom wood cabinets, brushed nickel hardware, energy-efficient appliances, freestanding gas stove, microwave, recessed lighting, and abundant storage. The private owner's suite offers a walk-in closet. Situated on a corner lot backing to open space with front mountain views. The backyard has easy care turf, extended covered patio, Tuff Shed, sidewalks, and a fully finished 2-car garage with Bluetooth-enabled opener.

3
BEDS
2
BATHS
1,552
SQFT
0.14
ACRES

Great single story 3 bedroom 2 bath 2 car garage home on .50 acre lot. Open light and bright move in ready. .

3
BEDS
2
BATHS
1,330
SQFT
0.5
ACRES

Updated and meticulously cared for home. Incredible mountain views and borders open space on 2 sides. Owned solar panels. Updated 2-toned gray interior paint, white kitchen cabinets, undercabinet lighting, counter-top seating for 4, loads of new light fixtures, new flooring, updated bathrooms, and more. The backyard features a large covered patio, privacy thanks to only having 1 neighbor, large shed with power, and backyard access. Enjoy a large corner pantry, wood burning stove, refrigerated air, large picture windows highlighting the mountain view. Enjoy large rooms, a great location in the neighborhood, and exciting extras and upgrades all over.

3
BEDS
2
BATHS
1,548
SQFT
0.12
ACRES

In the Cleveland School District, this popular single-story ''Hallie'' floor plan offers 1,879 sq ft of functional living space. With 4 bedrooms and 2.5 baths, the open-concept layout provides connection and flexibility for modern living. The oversized kitchen island anchors the home. It is complemented by granite countertops, stainless steel appliances, a large pantry, oversized tile flooring, and crown molding throughout. The expansive primary suite offers a true retreat. Refrigerated air, a covered patio, and a landscaped backyard provide year-round enjoyment, while energy-efficient solar adds long-term value and savings. Lovingly maintained by its original owner and just minutes from parks, top-rated schools, and shopping, this home's layout, condition, and upgrades make it a must-see

4
BEDS
3
BATHS
1,879
SQFT
0.12
ACRES

Welcome to this charming single-story home offering 3 bedrooms, 2 bathrooms, and 1,344 square feet of comfortable living space. Situated on a quiet cul-de-sac, this property combines convenience and peace of mind with easy access to Highway 550--perfect for commuters. Recent updates make this home move-in ready, including a newer hot water heater, a newer A/C unit installed in 2022, and a brand-new roof scheduled for installation this month. The thoughtful layout provides functional living areas, well-sized bedrooms, and a comfortable flow ideal for everyday living or entertaining. With major systems already updated and a prime location close to shopping, dining, and commuter routes, this home offers both value and convenience. Don't miss your opportunity to own a well-maintained home

3
BEDS
2
BATHS
1,334
SQFT
0.16
ACRES

So clean and move-in ready! This beautiful 4-bedroom, 3-bathroom home in the desirable Northern Meadows subdivision is the perfect place to call your own. The spacious primary suite features a large walk-in closet and a lovely sitting area, creating a true private retreat. With generous living areas and a functional layout, this home offers comfort and flexibility for everyday living and entertaining. Conveniently located near Cleveland High School and just minutes from Unser Blvd with easy freeway access to both Rio Rancho and Albuquerque. Enjoy being close to the Santa Ana Star Center, shopping, dining, parks, and everyday conveniences. Schedule your showing today!

4
BEDS
3
BATHS
2,066
SQFT
0.16
ACRES

Must see this almost new 2025 3 Bedroom, 2 Bath 1,435 sq ft manufactured home on a 1 acre lot with spectacular views of the city lights, mountains and only 5-7 minutes away from shopping, casino, entertainment and schools nearby. Home includes two custom tiled showers, open kitchen area with all stainless-steel appliances, lots of cabinet space and center island with lower cabinets for more storage. Double pane thermal windows all come with installed blinds. LED recessed lighting throughout home, smart thermostat, new Rheem water heater with heat pump and includes refrigerated air to cool off home, new 1,200 gal septic tank. The land has all been leveled and cleared for future building. Must come and see for yourselves.

3
BEDS
2
BATHS
1,434
SQFT
1
ACRES

Experience authentic New Mexico living in this stunning golf course home located in the heart of Rio Rancho. From the moment you arrive, you are welcomed by a private front courtyard perfect for morning coffee or evening gatherings under the New Mexico sky. Inside, you will find hand laid brick floors, exposed adobe walls with fresh white plaster for passive solar efficiency, custom wood beam ceilings, and an inviting open floor plan filled with warmth and character. The backyard features a covered portal, custom deck, and beautiful golf course views with unforgettable sunsets. A rare opportunity in a highly desirable community. Schedule your showing today.

2
BEDS
3
BATHS
1,498
SQFT
0.1
ACRES

BEAUTIFUL 3-Bedroom, 2-Bathroom house in the Northern Meadows subdivision of Rio Rancho. Fresh paint throughout. New microwave and dishwasher. Cozy gas fireplace in the living room. Covered back patio with separate deck area. Refrigerated air for those hot summer days. 2-Car Garage. Don't miss the opportunity to make this beautiful house your home!!

3
BEDS
2
BATHS
1,414
SQFT
0.12
ACRES

Fabulous home located in desirable Northern Meadows. Wonderful neighborhood! Views Galore! 3 bedroom home offers the flexibility of a possible 4th. Large great room downstairs and spacious loft area upstairs. Newer flooring throughout. Enjoy the views, open skies and added privacy with open area directly behind the residence. Abundant natural light. and versatile floor plan. Generous room sized and finished garage. Very well maintained and thoughtfully cared for, offering comfort and space.

3
BEDS
3
BATHS
2,195
SQFT
0.15
ACRES

Call this HOME!! An affordable home with a shorter commute for those employed in the Santa Fe area. For the outdoor enthusiast, hiking and off-roading are nearby, or a quick get-away for a day trip to the Jemez. Come inside to a sparkling and bright open floor plan. For the chef the kitchen offers an island, quartz silestone countertops, gas range, and stainless steel appliances with a pantry. Enjoy a private primary suite separate from the other bedrooms.BBQ and entertain under the covered patio in our beautiful New Mexico weather.SELLER is willing to close once funding is complete; however, Seller requires post-closing occupancy until June 1.

3
BEDS
2
BATHS
1,571
SQFT
0.11
ACRES

Exceptional views from this one-owner Pulte home located in the desirable Lomas Encantadas at Enchanted Hills. This property offers custom backyard landscaping, refrigerated air, a water softener, and Hunter Douglas blinds. The kitchen features GE Profile appliances, maple cabinetry, and 18-inch ceramic tile flooring, which continues through the entry, utility room, and bathrooms. The owner's suite includes bay windows with expansive views, a tray ceiling, a large walk-in closet, and a five-piece bath with a custom walk-in tub. Finished garage with remote openers. Conveniently located near I-25, the Rail Runner, medical facilities, grocery stores, shopping, and schools.

3
BEDS
2
BATHS
1,680
SQFT
0.13
ACRES

This absolutely stunning home in the beautiful Mountain Hawk neighborhood needs to be the at the top of your favorites to view! Located in North Rio Rancho, with incredible convenience to the interstate, commuting to Albuquerque or Santa Fe is a breeze. The home boasts an open-concept layout that is bright, open & airy, while also feeling elegant & polished. The large living room flows seamlessly into the kitchen, making it perfect for entertaining. A dining room has been professionally added to further enhance the space. The kitchen is completely remodeled with upgraded cabinetry, a larger island, pendant lighting, very high quality Sonata polished quartz countertops & LG appliances, including a gas range & the refrigerator! The elegance continues to the spacious primary suite with a

3
BEDS
2
BATHS
1,491
SQFT
0.13
ACRES

This Northern Meadows beauty is move-in ready. Enter to a spacious, open living room with vaulted ceilings. The kitchen opens seamlessly to the living and dining areas, creating an ideal layout for everyday living and entertaining. Stainless steel appliances! Updated laminate flooring! The private primary suite is thoughtfully separated from the secondary bedrooms and features a walk-in closet and en-suite bath with double sinks and a walk-in shower. Two additional generously sized bedrooms share a full bathroom. Enjoy low-maintenance outdoor living & a finished backyard w/rock, turf, & flagstone. Don't miss this great opportunity. Schedule your showing today!

3
BEDS
2
BATHS
1,518
SQFT
0.11
ACRES

Don't miss this fantastic Cabezon home on a premium corner lot with NO HOA! Enjoy the convenience of a covered RV pad/parking on the side of the home, plus major updates already completed -- new roof in 2023 and new water heater in 2025. This home offers a great, functional floor plan with comfortable living spaces and an excellent flow for everyday living and entertaining. Kitchen includes stainless steel appliances. A rare opportunity in a desirable area with added parking and no monthly HOA fees! This home needs minor TLC and priced well below comps. Schedule your tour today!

3
BEDS
3
BATHS
2,147
SQFT
0.16
ACRES

Located in Rio Rancho, this inviting, light-filled residence immediately welcomes you with an open layout, recessed lighting throughout, and a stylish blend of carpet and tile flooring. The kitchen is thoughtfully designed with included appliances, a pantry, and a stylish backsplash, flowing seamlessly into the living area for effortless everyday living and entertaining. The primary suite offers an ensuite bath featuring a walk-in shower, double-sink vanity, and a generous walk-in closet, while refrigerated air, a laundry room, and a two-car garage provide added comfort and convenience. Outside, enjoy low-maintenance landscaping and a fully walled backyard, all at a price that makes ownership irresistible. Don't miss your chance, schedule your showing today!

3
BEDS
2
BATHS
1,572
SQFT
0.11
ACRES

BETTER THAN NEW! Built in 2023, this meticulously upgraded, move in ready single-story residence offers an open concept floor plan with 2 bedrooms & 2 bathrooms. Featuring premium finishes, including upgraded stainless steel appliances, granite countertops, kitchen island, tankless water heater & energy efficient HVAC system. Experience the convenience of new construction without the wait, PLUS finished backyard with decorative rock & flagstone, custom blinds, counter depth SS refrigerator, rain gutters, storm door, designer cabinet handles & pull-out shelves, ceiling fans, security system with doorbell camera, washer & dryer. Living Room Sofa, Loveseat and Rug included!Enjoy lower taxes with no PID fees.

2
BEDS
2
BATHS
1,239
SQFT
0.12
ACRES

Tired of paying rent? Invest in a new home at Rainbow Canyon - Rio Rancho's newest community minutes from shopping. Rainbow Canyon offers ''life-tested'' modern floor plans at an affordable price designed to enhance your evolving lifestyle. The Chimayo is a modern 3 bed 2 bath home with open concept living, granite countertops, and a delightful blend of a large covered patio and welcoming front porch. Experience comfort and style in every corner. Centex plans feature openness and energy-efficiencient designs to boast livability and savings on utility bills! Enjoy a functional kitchen with stainless-steel appliances, including a side-by-side refrigerator, granite countertops, and 15'' x 15'' tile in wet areas.

3
BEDS
2
BATHS
1,264
SQFT
0.11
ACRES

Tired of paying rent? Invest in a new home at Rainbow Canyon - Rio Rancho's newest community minutes from shopping. Rainbow Canyon offers ''life-tested'' modern floor plans at an affordable price designed to enhance your evolving lifestyle. The Cochiti is a modern 4 bed 2 bath home with open concept living, granite countertops, and a delightful blend of a large covered patio and welcoming front porch. Experience comfort and style in every corner. Centex plans feature openness and energy-efficiencient designs to boast livability and savings on utility bills! Enjoy a functional kitchen with stainless-steel appliances, including a side-by-side refrigerator, granite countertops, and 15'' x 15'' tile in wet areas.

4
BEDS
2
BATHS
1,537
SQFT
0.11
ACRES

Come step into this beautiful 4-bedroom 2-bathroom home that is only 6 years old. This home has so much to offer with open floorplan, fully landscaped backyard, and a new tankless water heater. You will love the Mountain Hawk Community that is just down the road from shopping, dining, and entertainment. This home is perfect for those that need easy access to I-25 which is 15 minutes away. You can be on your way quickly to Santa Fe, Los Alamos, or Albuquerque. Come check out your new home!

4
BEDS
2
BATHS
1,714
SQFT
0.13
ACRES

Located in the heart of Rio Rancho, this spacious two-story home offers 4 bedrooms and 2.5 bathrooms with a functional and inviting layout. Enjoy year-round comfort with two refrigerated air units. The fully landscaped backyard is perfect for entertaining or relaxing, featuring a pergola, playground set and additional storage space. Conveniently situated near shopping, dining, parks, and schools, this home combines comfort, space, and location don't miss this opportunity!

4
BEDS
3
BATHS
2,395
SQFT
0.13
ACRES

Welcome home to this charming 1,420-square-foot residence nestled in the heart of Rio Rancho. Thoughtfully designed with three spacious bedrooms and two full bathrooms, this home offers the perfect balance of comfort, style, and functionality.Natural light fills the living spaces, creating an open and welcoming atmosphere ideal for both relaxing and entertaining. The well-appointed layout flows effortlessly, giving each room a sense of space while still feeling cozy and connected. The primary bedroom provides a peaceful retreat, complete with its own private bathroom, while the additional bedrooms offer flexibility for family, guests, or a home office.Whether you're enjoying quiet mornings or hosting friends and loved ones, this home is designed to support everyday living with ease.

3
BEDS
2
BATHS
1,420
SQFT
0.12
ACRES

Welcome to this beautiful maintained 3-bedroom, 2-bath turnkey home with fresh interior paint and brand-new carpet throughout. Recent updates include a newer water heater and updated bathroom toilets. Functional layout with comfortable living spaces and well-sized bedrooms. All appliances convey--refrigerator, washer, dryer, dishwasher, stove, and microwave. Conveniently located near schools, hospitals, parks, and with easy access to city amenities. A well-cared-for home ready for its next owner.

3
BEDS
2
BATHS
1,447
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.