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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 166 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 home to this beautifully maintained 1,420 sq. ft. gem featuring a highly desirable open floor plan that's just the right size--not too big and not too small! With 3 bedrooms and 2 bathrooms, this home offers comfortable living for a variety of lifestyles. From the moment you arrive, you'll appreciate the upgraded front door and attractive curb appeal. Inside, the spacious living area and primary bedroom are enhanced with ceiling fans for added comfort. The private primary suite features a double-sink vanity and an oversized walk-in closet, providing plenty of storage and convenience. Step outside to enjoy the low-maintenance exterior complete with a durable tile roof, a custom Leaf Filter gutter system, a beautifully landscaped backyard, and a gas stub ready for your barbecue grill--perfect for entertaining family and friends. This move-in-ready home combines comfort, functionality, and thoughtful upgrades. Don't miss your opportunity to make it yours--schedule your private showing today!

3
BEDS
2
BATHS
1,420
SQFT
0.13
ACRES

Some images in this listing have been virtually staged: This ranch style home offers single-level living. Kitchen has been upgraded with granite countertops and stainless steel appliances, anchoring the culinary space. The kitchen island provides casual dining adjacent to the cooking. The kitchen flows naturally from the cooking area through the dining area perfectly positioned for morning coffee, quick meals and family meals. Main living area with a cozy fireplace is positioned for privacy away from the bedrooms while the 2 baths serve the household efficiently. This home was just remodeled and updated. Located in the heart of Rio Rancho. The large yard will not disappoint.

3
BEDS
2
BATHS
1,442
SQFT
0.24
ACRES

1928 Cortina Loop SE is a residence with a functional layout and comfortable living spaces throughout. The kitchen features stainless steel appliances and a walk-in pantry, creating a well-equipped space for cooking and entertaining. Modern finishes carry through the interior. A fully fenced backyard creates ample room for relaxation and entertaining. This residence combines practical design with comfortable living spaces, delivering functional amenities throughout every room.. Included 100-Day Home Warranty with buyer activation

2
BEDS
3
BATHS
1,883
SQFT
0.07
ACRES

Welcome to this well-maintained, single-owner 3-bedroom, 2-bath home situated on a spacious 0.5-acre lot. Enjoy incredible mountain views from your own backyard while appreciating the peace and privacy this property offers. Inside, you'll find a thoughtfully cared-for home with comfortable living spaces and plenty of natural light.The main living areas showcase custom Southwest-inspired lighting fixtures that add warmth and character, while the kitchen and bathrooms feature matching granite countertops for a cohesive, timeless look. Enjoy the convenience of an attached 2-car garage plus an additional 1-car carport, providing ample parking and storage.

3
BEDS
2
BATHS
1,450
SQFT
0.5
ACRES

Welcome to this stunning home with tons of space inside and out! Situated on an expansive 1.04-acre lot, this beautifully refreshed Rio Rancho property boasts breathtaking views from the main upper living area. The flexible lower level features a private suite complete with its own separate entrance, spacious living area, bedroom, and bath ideal for extended guests, a dedicated home office, or versatile flex space. Upstairs, enjoy a bright kitchen finished with stylish cabinetry, updated countertops, and stainless-steel appliances. Outstanding updates provide total peace of mind, including a newer: roof, furnace, evaporative cooler, water heater, fresh interior paint, updated lighting, and septic system. The massive acreage offers endless freedom for storage, outdoor projects, or building your dream backyard retreat. Perfectly located just minutes from neighborhood parks, major shopping, retail, and local dining!

4
BEDS
3
BATHS
2,993
SQFT
1.04
ACRES

Comfort and style in this beautiful 3bedroom, 2-bath home located in a beautiful, peaceful neighborhood. Open floor plan perfect for entertaining. The spacious primary suite features a walk in closet. Enjoy the convenience of being just a short drive to grocery stores, popular restaurants, and walking distance to local park for outdoor fun. This home offers the perfect balance of tranquility, convenience, and lifestyle. Vacant and ready for the new owners.

3
BEDS
2
BATHS
1,423
SQFT
0.11
ACRES

Welcome to this well-maintained home tucked away on a quiet cul-de-sac in Rio Rancho. Enjoy beautiful Sandia Mountain views from the backyard and a functional open-concept layout designed for comfortable everyday living. The spacious living area flows seamlessly into the kitchen and dining space, creating a great setting for relaxing or entertaining.The primary suite features a walk-in closet and a private bathroom with dual sinks, a soaking tub, and a separate shower. Two additional bedrooms provide flexibility for guests, a home office, or hobbies. Additional highlights include refrigerated air, a dedicated laundry room, and an attached two-car garage.The low-maintenance front and backyard landscaping offers a blank canvas for your personal touch while keeping upkeep simple.This home combines peaceful neighborhood living. Schedule your showing today!

3
BEDS
2
BATHS
1,654
SQFT
0.12
ACRES

Discover the Bennett by LGI Homes at Estrella at High Range, a thoughtfully designed single-story home offering three spacious bedrooms, two full bathrooms, and an open-concept layout perfect for you and your family's lifestyle. From the moment you step inside, you'll love the flow between the living, dining, and kitchen areas--ideal for both entertaining and everyday living. With stylish finishes, modern upgrades, and a spacious covered porch, the Bennett combines comfort, charm, and functionality in one beautiful package.Whether you're hosting friends or relaxing with family, the Bennett provides the space, style, and features to suit your needs. Make your move to Estrella at High Range and find the perfect place to call home.

3
BEDS
2
BATHS
1,293
SQFT
0.33
ACRES

Beautiful home featuring refrigerated AC, poly plumbing has been removed, Pella sliding door with in glass blinds, high ceilings in living room, nice sized dining area with new flooring, new flooring for primary bedroom, kitchen and primary bath is being left in garage, refrig/washer/dryer convey, covered patio, nice sized backyard with 2 sheds and backyard access possible! Custom built ins in garage convey! Don't miss this one!

3
BEDS
2
BATHS
1,379
SQFT
0.16
ACRES

Almost new Built in 2020, this charming single-story home in Enchanted Hills offers modern comfort and an easy, functional layout. Featuring 3 bedrooms, 2 bathrooms and provides inviting living spaces with plenty of natural light. The kitchen flows seamlessly into the main living and dining areas, creating a comfortable setting for everyday living and entertaining. A private primary suite, two additional bedrooms and a two-car garage complete the floor plan. Situated on a quiet cul-de-sac in growing Northern Rio Rancho, this move-in-ready home offers convenient access to shopping, dining, schools and everyday amenities. A wonderful opportunity to enjoy a newer home in an established neighborhood!

3
BEDS
2
BATHS
1,478
SQFT
0.11
ACRES

Space, views, and easy New Mexico living await at 3213 Cascades Road SE. This 1,769-square-foot Rio Rancho home offers a welcoming layout filled with natural light, tile flooring, neutral finishes, built-in shelving, and flexible spaces ready to fit your needs.Step outside to with water smart landscaping and a covered patio perfect for enjoying New Mexico's beautiful evenings. The backyard also offers views toward the Sandia Mountains, creating a scenic backdrop for everyday living.With a two-car garage, spacious interior, and outdoor areas designed for easy upkeep, this home offers a wonderful opportunity to add your own style and make it yours.

3
BEDS
2
BATHS
1,769
SQFT
0.21
ACRES

PRICED TO SELL!! Spacious 4 bedroom 3 1/2 bath home located on a Cul-De-Sac. Home contains 2 master bedrooms. Separate laundry room and a 3 car garage. one of the master bedrooms contains large closet, garden tub and double sinks. Spacious 0.19 acre lot with walled back yard and covered back patio. Must see to appreciate.

4
BEDS
4
BATHS
2,093
SQFT
0.19
ACRES

Welcome to 1143 Grace Street NE in the desirable Milagro Mesa community of Rio Rancho! This beautifully maintained single-story home offers 3 spacious bedrooms, 2 full bathrooms, and approximately 1,673 square feet of thoughtfully designed living space.The open-concept floor plan creates an inviting atmosphere, seamlessly connecting the living, dining, and kitchen areas--perfect for everyday living and entertaining. The kitchen features ample cabinetry, generous counter space, and a functional layout that overlooks the main living area.The private primary suite provides a relaxing retreat with an en suite bath and walk-in closet, while two additional bedrooms offer flexibility for family, guests, or a home office. Enjoy the convenience of an attached 3 car garage, low-maintenance landscaping, and a fully fenced backyard with plenty of space to relax, garden, or entertain.This home combines modern construction with energy-efficient features and is conveniently located near parks, schools, shopping, dining, and easy commuter routes.

3
BEDS
2
BATHS
1,673
SQFT
0.14
ACRES

Welcome to this charming 3-bedroom, 2-bath single-family home in the desirable Montreal Estates neighborhood of Rio Rancho. Offering approximately 1,394 sq. ft. of comfortable living space, this well-maintained residence sits on a generous ~10,500 sq. ft. lot with room to enjoy outdoor living and future upgrades.Inside, you'll find a functional floor plan with a spacious primary bedroom, two additional bedrooms, and two bathrooms. The home features energy-efficient windows, ceiling fans, and practical finishes throughout. Property is close to shopping, dining, schools, and major roadways for easy commuting.The seller is offering a $7,000 buyer credit with an acceptable offer,Backyard access from both sides for toys, boats or RV!Don't miss this opportunity to own in one of Rio Rancho's sought-after neighborhoods. Schedule your showing today!

3
BEDS
2
BATHS
1,348
SQFT
0.24
ACRES

Welcome to this beautifully maintained family home, built in 2004 and located in the desirable Enchanted Hills neighborhood. This move-in-ready home features new flooring, fresh interior paint, updated stucco, and beautifully refreshed landscaping. Stay comfortable year-round with refrigerated air, and enjoy the spacious open floor plan that's perfect for both everyday living and entertaining. Take in the stunning mountain views, relax on the patio, and appreciate the convenience of side-yard access and well-maintained outdoor spaces. This home has been lovingly cared for and is ready for its next owners!

4
BEDS
3
BATHS
2,112
SQFT
0.22
ACRES

Welcome to 1444 Peppoli Loop SE, a residence recently enhanced with fresh interior paint and partial flooring replacement throughout. The kitchen features all stainless steel appliances, while a welcoming fireplace provides a central point for gathering. The primary bathroom contains double sinks and a separate tub and shower for practical use. Outside, a patio in the back yard provides an ideal space for outdoor enjoyment. Experience modern comfort and practicality in this appealing residence.. Included 100-Day Home Warranty with buyer activation

3
BEDS
3
BATHS
2,206
SQFT
0.22
ACRES

Beautifully Maintained One Story, One Owner Home on a Fully Landscaped .31 Acre Lot. Gated Entry Courtyard, Skylights, & Floor to Ceiling Windows Fill the space w/ Natural Light. 2 Living Areas, 10' Ceilings throughout, the Kitchen Opens to one of the Living Areas w/ a Cozy Gas Log Fireplace. Tile, Wood & Carpet, Oversized Garage, Updates include Refrigerated Air, Water Heater, Walk-In Shower in the Luxurious Primary Bath, and a Metal Roof in 2017. Beautiful Backyard features Xeriscaping, a Large Covered Patio, Synthetic Grass for the Kids, 2 Person Hot Tub, a Storage Shed/Workshop, & Side yard/Backyard Access w/ Concrete RV Runners, 30 Amp Outlet and a Yard Hydrant. No HOA, Conveniently located near Parks, Schools, Shopping, Restaurants, and Fire Station 2 blocks away. MOVE IN READY!

3
BEDS
2
BATHS
1,756
SQFT
0.31
ACRES

***PRICE REDUCTION*** This 3-bedroom, 2-bathroom home sits on a spacious half-acre lot, offering room to spread out and enjoy a variety of outdoor possibilities. The property features side yard access, a 2-car garage, and ample outdoor space for parking, recreation, hobbies, or future improvements.inside, you'll find a functional floor plan with comfortable living areas, a bright kitchen, and generously sized bedrooms. A new septic system has recently been installed, providing a significant recent improvement to the property.Whether you're looking for extra outdoor space, room for your vehicles and equipment, or simply a property with land that's becoming harder to find, this home offers an opportunity to make it your own.Schedule your private showing today!

3
BEDS
2
BATHS
1,272
SQFT
0.59
ACRES

Welcome to this beautifully maintained 3-bedroom, 2-bath home, where thoughtful updates and inviting living spaces create a warm and welcoming atmosphere.Step inside to discover newly installed vinyl flooring throughout, abundant natural light, a cozy gas log fireplace, and two spacious living areas that offer exceptional flexibility for everyday living, entertaining, or relaxing. The versatile floor plan also provides the option for a fourth bedroom or dedicated office space, offering added flexibility to fit your needs.Outside, enjoy a freshly landscaped, low-maintenance xeriscaped backyard featuring a charming pergola and included patio furniture, creating an inviting outdoor retreat that's ready to enjoy from day one.Adding even more value, all major appliances convey with the sale, making this a truly turnkey home. Additional highlights include two full bathrooms, a two-car garage, and a convenient location close to parks, shopping, dining, and everyday amenities.With tasteful updates, comfortable living spaces, and move-in-ready convenience, this Rio Rancho gem is ready for its next owner.

3
BEDS
2
BATHS
2,180
SQFT
0.17
ACRES

Ready in October! Brand-new, never-lived-in, Silver Creek II by Pulte Homes on a premium corner homesite in the highly desirable Broadmoor Heights community. This home features a chef-inspired kitchen with granite countertops, gas cooktop, vent hood, wall oven, microwave, 42' cabinetry, and designer backsplash. The extended Gathering Room is ideal for entertaining and showcases wood-look tile, upgraded carpet, lighting, faucets, and paint throughout. A spacious 2.5-car garage offers extra room for storage, hobbies, or outdoor gear. Enjoy nearby trails, green spaces, and a 3-acre community park. Exceptional style, comfort, and location!

3
BEDS
2
BATHS
1,853
SQFT
0.14
ACRES

Move-in ready and packed with upgrades! This 3-bedroom, 2-bath home offers flexible living with a office space that could also be another bedroom and an additional flex space, perfect for working from home, school room, media room or a playroom. The kitchen features beautiful custom hickory cabinets, and all appliances purchased within the last 2-3 years convey. Major updates include a brand-new HVAC system, new roof with warranty, new flooring, fresh interior and exterior paint, new side paneling in the back of the house and NO POLY plumbing. Enjoy the convenience of a separate laundry room and a spacious .31-acre CORNER lot with NO HOA, mountain views, and plenty of room for RV parking, or other toys. Re-listed due to some repair work.

3
BEDS
2
BATHS
1,602
SQFT
0.31
ACRES

Welcome home to this beautifully maintained 3-bedroom, 2-bathroom single-story residence situated on a generous 0.23-acre lot. The inviting floor plan features a bright living room with vaulted ceilings that flows seamlessly into the kitchen and dining area, creating the perfect space for everyday living and entertaining. The kitchen offers ample cabinet and counter space, a center island, and stainless steel appliances. The private primary suite provides a comfortable retreat with an en-suite bathroom, while two additional bedrooms and a full guest bath offer flexibility for family, guests, or a home office. Outside, the oversized lot provides plenty of room to relax, garden, or create your ideal outdoor living space. The HOA handles front yard landscaping, irrigation, and routine maintenance, offering added convenience and ease of ownership. Don't miss this opportunity to own a well-cared-for home featuring a brand new roof and refrigerated air! Schedule your private showing today!

3
BEDS
2
BATHS
1,271
SQFT
0.23
ACRES

Welcome to 1344 Peppoli Loop SE, where spacious living, thoughtful design and a desirable Cabezon location come together. This 3-bedroom, 2.5-bath home offers 2,206 square feet of comfortable living space, highlighted by soaring cathedral ceilings, abundant natural light and a warm gas-log fireplace anchoring the great room. The open kitchen and breakfast area create an inviting space for everyday living and entertaining, while the main-level primary suite provides privacy and convenience with a walk-in closet, soaking tub and separate shower. Upstairs, a versatile loft offers the flexibility for a home office, media room, playroom or second living area. Refrigerated air keeps the home comfortable year-round, and the washer, dryer and refrigerator are included for added convenience. Step outside to a private backyard with a covered patio--perfect for relaxing, grilling and enjoying New Mexico evenings. Complete with a two-car attached garage, tile roof and a convenient location near shopping, dining, schools and major commuter routes, this Cabezon home delivers the space, comfort and lifestyle today's buyers are looking for. Schedule your private showing before it's gone!

3
BEDS
3
BATHS
2,206
SQFT
0.11
ACRES

Refreshed 3-bedroom, 2-bath, 2-car garage single-story home in Cabezon with no HOA fees! Recent updates (July 2026) include fresh interior paint, new carpet, stainless steel appliances, and a new furnace. The private walled backyard offers a covered patio and pergola, perfect for relaxing or entertaining. Enjoy outstanding community amenities including a city pool, parks, playgrounds, trails, athletic fields, and a dog park. Conveniently located near RUST hospital, shopping, and dining.

3
BEDS
2
BATHS
1,575
SQFT
0.11
ACRES

Welcome to this inviting 3-bedroom, 2-bath home situated on a spacious, fully xeriscaped corner lot in central Rio Rancho! The open floor plan features a generous living area and an expanded dining space that opens to a lovely covered patio--perfect for relaxing or entertaining. Backyard access provides convenient space to store your boat or RV, while the large backyard offers plenty of room for gardening, gatherings, or future improvements. The deep garage can accommodate a pickup truck and provides valuable additional storage. Conveniently located near shopping, dining, schools, and major commuter routes, this home offers abundant space, flexibility, and long-term value. Schedule your private showing today!

3
BEDS
2
BATHS
1,754
SQFT
0.26
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.