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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 175 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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Spacious two-story home offering 4 bedrooms, a dedicated office, loft, and 2-car garage in a desirable neighborhood. The open floor plan features a large kitchen with center island overlooking the living and dining areas, making it perfect for everyday living and entertaining. Enjoy year-round comfort with refrigerated air. The beautifully landscaped backyard includes lush grass, mature landscaping, and a storage shed, providing plenty of room to relax, play, or garden. With flexible living spaces, great curb appeal, and a convenient location close to schools, parks, and shopping, this home is one you won't want to miss!

4
BEDS
3
BATHS
1,904
SQFT
0.11
ACRES

Welcome to 4337 Golden Eagle Loop, a beautifully maintained 4-bedroom, 2-bath home featuring a bright, open floor plan and generous storage throughout. The spacious gourmet kitchen is designed for both everyday living and entertaining, with stainless steel appliances, a center island, pantry, built-in microwave, and reverse-osmosis system.Enjoy year-round comfort with refrigerated air, then step outside to a professionally landscaped, low-maintenance backyard that provides a wonderful setting for relaxing, entertaining, or simply enjoying the outdoors.This move-in-ready home comes complete with all appliances, along with a water softener and home security system, adding convenience from day one. Located within a highly rated school district, the home offers a desirable location to complement its many features.With its comfortable layout, thoughtful upgrades, included appliances, and inviting outdoor space, 4337 Golden Eagle Loop is ready to welcome its next owner. Schedule your showing today and come see everything this wonderful home has to offer!

4
BEDS
2
BATHS
1,734
SQFT
0.12
ACRES

Welcome to this beautiful, well-kept brick home in Rio Rancho! Offering 4 bedrooms, 2 bathrooms, a 2 car garage, and a massive backyard with incredible mountain views, this home has so much to offer. Enjoy the comfort of refrigerated air, a newer metal roof, and a spacious layout designed for everyday living. All appliances convey with the home, making this an easy move-in opportunity. Beautifully maintained and ready for its next owner. Come see this one today!

4
BEDS
2
BATHS
1,539
SQFT
0.35
ACRES

Builder offers AMAZING FINANCING TERMS WHEN YOU USE OUR IN HOUSE LENDER, DHI MORTAGE PLUS RECEIVE $7,000 TOWARDS CLOSING COSTS! Come see our beautiful Sierra floor plan! Brand new beautifully landscaped community with Sandia views. You will enjoy the walking trails & gathering areas. This home features a beautiful kitchen with gray quartz countertops, white cabinets and a grey tile through the dining and living area that leads to a large covered patio and walled back yard. Large 5ft walk in shower in primary bedroom and double sinks make mornings easier! DR HORTON homes are built to energy efficient codes and offer best warranty for new homes.

3
BEDS
2
BATHS
1,519
SQFT
0.1
ACRES

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, 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

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

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

***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

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

Welcome to this beautiful home that is situated in a CUL-DE-SAC! This UPDATED 2-story home offers 2,167 square feet of spacious living! Fresh interior paint and brand-new carpet throughout. The remodeled kitchen features new countertops, a new deep sink with an updated faucet, and brand-new appliances, including a stove, dishwasher, and microwave.This home has two spacious living areas and an open floor plan filled with natural light. The finished garage provides additional versatility for storage, hobbies, or a workshop.Private backyard oasis featuring a one-year-new above-ground pool complete with a solar cover, sand filter, winter cover, and robot vacuum. Enjoy evenings around the firepit, relax on the low-maintenance, high-quality turf, and appreciate the convenience of the sprinkler system. BACKYARD ACCESS provides plenty of room for RV parking or additional vehicles.Energy-efficient home combined with thoughtful updates, generous living space, and exceptional outdoor amenities, making it the perfect place to call home!

4
BEDS
3
BATHS
2,167
SQFT
0.2
ACRES

Welcome to this beautiful, move-in ready 3-bedroom, 2-bathroom home located in one of Rio Rancho's most desirable neighborhoods!Designed for low-maintenance and modern living, this home features a completely carpet-free interior with durable flooring throughout. The light-filled, functional layout is 100% turn-key.The standout highlight is the massive 0.35-acre lot complete with full backyard access. Perfect for parking your RV, boat, trailer, or outdoor toys, while still leaving plenty of space for a workshop, garden, or custom outdoor entertainment area.Enjoy convenient, fast access to top-rated schools, parks, shopping, dining, and major commuter routes. Rare combination of land, location, and accessibility in Rio Rancho--schedule your private showing today!

3
BEDS
2
BATHS
1,732
SQFT
0.35
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

Beautifully maintained 3-bedroom, 2-bath home situated on a spacious 0.337-acre corner lot. This 2,008 sq. ft. home offers multiple living areas, an oversized 2-car garage with additional storage, backyard access, and a storage shed. Major updates include a 2-year-old roof and new water heater, providing added peace of mind. With generous outdoor space and a functional floor plan, this property offers the perfect blend of comfort, convenience, and room to grow.

3
BEDS
2
BATHS
2,008
SQFT
0.34
ACRES
$396,365
-5,000$ 08/05

The Bosque floorplan at Lomas Encantadas Vistas in Rio Rancho, New Mexico is a thoughtfully designed single-story home that offers the perfect balance of space, comfort, and modern open-concept living. With approximately 1,649 square feet, 3 bedrooms, and 2 bathrooms, this home is ideal for buyers looking to step up in size while maintaining affordability near Albuquerque.

3
BEDS
2
BATHS
1,649
SQFT
0.16
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.