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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 126 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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Beautifully updated single-story home in the sought-after Northern Meadows community. Newer flooring, and stylish finishes create a warm and inviting atmosphere. The spacious kitchen features newer granite countertops, ample cabinetry, and a modern electric range, while both full bathrooms offer matching granite surfaces for a cohesive look. Relax under the covered back patio and enjoy the low-maintenance backyard. Conveniently located near parks, UNM Sandoval Regional Medical Center, Santa Ana Star Center, shopping, dining, and Santa Ana Casino. Easy access to Albuquerque and Santa Fe makes this home the perfect blend of comfort, convenience, and value.

3
BEDS
2
BATHS
1,616
SQFT
0.13
ACRES

Welcome to this updated 3-bed, 2-bath, 1480 sq ft home! Open concept living/kitchen/dining area. Enjoy brand-new vinyl flooring in the main living areas and new carpet in the bedrooms.A garage conversion adds a versatile bonus room and dedicated laundry area, maximizing your interior space while keeping single-garage storage.Low-maintenance, xeriscaped front yard & covered back porch & covered front carport. Ideally located in a quiet neighborhood just steps from Star Heights Park, schools, and shopping. This move-in-ready home perfectly balances comfort, space, and convenience. Schedule your tour today before it's gone!

3
BEDS
2
BATHS
1,479
SQFT
0.19
ACRES

Welcome home to 5014 Nickel Dr NE! Located in a highly desirable pocket of Rio Rancho, this 3-bedroom, 3-bathroom home features 1,567 sq ft of bright, functional living space. Take in the great views from the covered back porch, and take advantage of the spacious corner lot featuring possible backyard access--ideal for an RV, boat, or recreational toys. A fantastic opportunity you won't want to miss!

3
BEDS
3
BATHS
1,567
SQFT
0.19
ACRES

This popular Pulte Homes Hewitt Model is move-in ready with plenty of upgrades for you to enjoy! Situated in a thriving community near local hospitals, great RR Schools, parks, new shopping and so much more! This home exudes pride in ownership. With brand new carpet and fresh paint, the house is ready for you to make it your new home! As you enter the home, you'll first notice the beautiful 12x12 inch staggered tile with a functional office/possible bedroom off the front door. The open-concept layout features a spacious living area filled with natural light, perfect for entertaining or relaxing. Your kitchen boasts a stylish range hood with cook-top (no range), and large island. Plenty of space for dining and living, as you make your way to the low maintenance yard for warm summer nights!

3
BEDS
2
BATHS
1,721
SQFT
0.13
ACRES

Discover the Bisbee by LGI Homes at Estrella at High Range, a charming single-story home designed with space, comfort, and functionality in mind. Featuring three bedrooms, two full bathrooms and an open-concept layout, the Bisbee offers the perfect setting for making memories with family and friends. From the spacious living room to the separate dining area and chef-inspired kitchen, every detail of this home was crafted to suit your lifestyle. Whether you're hosting dinner or enjoying a cozy night in, this thoughtfully designed layout makes it all easy and enjoyable.With modern finishes throughout and plenty of space to unwind, the Bisbee delivers exceptional value and comfort in the beautiful new community of Estrella at High Range.

3
BEDS
2
BATHS
1,553
SQFT
0.15
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

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

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
0.15
ACRES

Discover this beautifully maintained home on a spacious 1/3-acre lot with stunning mountain views. Enjoy energy savings with a full solar system and year-round comfort from refrigerated air. Inside, high ceilings and an upgraded kitchen featuring granite counters create a bright, open feel. The primary suite offers dual sinks and a generous walk-in closet. Outdoor living shines with a large covered porch, beautifully landscaped yard, backyard access, and a 2-car garage plus oversized storage shed. No HOA, no polybutylene pipes - peace of mind included! Perfect for relaxing or entertaining. Schedule your showing today! See LO/SO for important solar info.

4
BEDS
2
BATHS
1,769
SQFT
0.3
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

Located in the desirable Vista Grande neighborhood of Rio Rancho, this like-new home offers comfort, style, and space to enjoy! Featuring an open-concept floor plan, this home boasts a bright living area, spacious kitchen with ample cabinetry and counter space, and a private primary suite designed for relaxation. Enjoy generously sized bedrooms, modern finishes, and and a blank-slate backyard ready for your personal vision and customization. Conveniently located near parks, schools, and shopping, this move-in ready home combines everyday functionality with inviting charm. No PID!

3
BEDS
2
BATHS
1,279
SQFT
0.13
ACRES

Come take a look at your forever home! This beautiful property features 3 bedrooms plus an office that could easily be used as a 4th bedroom, giving you plenty of possibilities. Located in the heart of Rio Rancho in Northern Meadows, you'll enjoy having all your nearby amenities just minutes away.

3
BEDS
2
BATHS
1,618
SQFT
0.15
ACRES

PRICE REDUCTION! Better than new and only 3 years old, this beautifully upgraded home offers modern style, energy efficiency, and low-maintenance living in one of Rio Rancho's desirable newer communities.Featuring a professionally designed xeriscape & landscaping with auto irrigation, this move-in-ready home shines inside and out. Enjoy birch cabinetry, granite countertops, stainless steel appliances, smart home features, and an open-concept layout filled with natural light. Built with Centex Energy Advantage features, this home also includes approximately 7 years remaining on the 10-year builder warranty for added peace of mind.Relax under the covered patio and spacious backyard. Seller also offering $5000 toward buyer closing costs or rate buy-down with acceptable offer!

2
BEDS
2
BATHS
1,239
SQFT
0.12
ACRES

You know that feeling when you walk into a place and something in you just exhales? That's this house. 3 bedrooms, 2 full baths, and a layout that actually flows. Multiple living areas give you room to spread out - a reading corner, a home office, or somewhere to close the door and breathe. Wake up and look out at the Sandia Mountains. They're right there, every single morning. The backyard is generous with rear access - room for a garden, gathering place, or somewhere quiet to sit with a glass of wine. Rio Rancho quiet is real quiet. Ceiling fans throughout, a dedicated breakfast area, no HOA, and a neighborhood that's been here long enough to feel settled. Lived in and loved. This is a home that gives you roots and room to grow into yourself. This is a place where you can finally land.

3
BEDS
2
BATHS
1,764
SQFT
0.3
ACRES

3-bedroom, 2-bath home located in Rio Rancho, NM offering a functional layout with comfortable living spaces throughout. The main living area features a fireplace that adds warmth and character, and skylights throughout the home bring in abundant natural light.The kitchen and living areas flow in a practical layout designed for everyday living and entertaining. The property includes a private backyard with space for outdoor enjoyment and a two-car garage providing parking and additional storage. Conveniently located near schools, parks, and local amenities with easy access to major routes.A well-maintained home with a comfortable setting and practical features throughout. Schedule a showing to see all this property has to offer.

3
BEDS
2
BATHS
1,644
SQFT
0.24
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

The Clovis floorplan at Lomas Encantadas Vistas in Rio Rancho, New Mexico is a thoughtfully designed single-story home that delivers modern comfort, open-concept living, and exceptional value. With approximately 1,337 square feet, 3 bedrooms, and 2 bathrooms, this home is ideal for first-time buyers, downsizers, or anyone seeking a low-maintenance new construction home near Albuquerque.Designed with efficiency and livability in mind, the home opens into a bright and connected great room, kitchen, and dining area, creating a seamless layout that maximizes both space and natural light. The open-concept design allows for easy flow throughout the home, making it perfect for everyday living and entertaining.

3
BEDS
2
BATHS
1,337
SQFT
0.25
ACRES

Turnkey & move-in ready! This beautifully maintained 2022 Rio Rancho home is located in the highly desirable, safe, and welcoming Mariposa community. Enjoy a short walk to community amenities, parks, and the neighborhood Bar & Grill. Features 3 spacious beds, each with its own full bath. The modern kitchen boasts a large center island and included appliances. Relax by the cozy fireplace or on the private patio with a built-in grill. Complete with central heating/AC, public water/sewer, and an attached 2-car garage. Your perfect neighborhood lifestyle awaits!

3
BEDS
3
BATHS
1,804
SQFT
0.1
ACRES

Located in the desirable Mountain Hawk community, this beautifully maintained 4-bedroom smart home offers modern comfort, thoughtful design, and move-in ready convenience without the wait or added expense of new construction. Built in 2023, the open layout features stylish finishes, a bright kitchen designed for everyday living, and a fully landscaped backyard ready for entertaining, relaxing, pets, or summer evenings outdoors. The flexible floorplan provides space for guests, hobbies, a playroom, or home office, while smart home features add convenience to daily life. Enjoy access to the community's gated park, nearby shopping and dining, highly rated Cleveland school district, easy access to commuter routes, and the added bonus of no PID. Clean, modern, low-maintenance, & ready for you!

4
BEDS
2
BATHS
1,602
SQFT
0.1
ACRES

Built in 2023, this beautiful 3 bedroom, 2 bath home offers 1,314 square feet of modern comfort in a great Rio Rancho neighborhood. Enjoy a bright, welcoming interior, plus a landscaped backyard with a greenhouse ready for your next season of projects. Solar will be paid off at closing, giving you energy savings from day one. Conveniently located about 1.7 miles from Rust Medical Center, 4.7 miles to Intel, and 2.6 miles to A Park Above. Schedule a showing and come see your future home. Seller is offering $10k towards buyers point buy down or closing cost.

3
BEDS
2
BATHS
1,314
SQFT
0.12
ACRES

$2,000 Seller concession! Located in the desirable Mountain Hawk community, this beautifully maintained home offers an open-concept design with a bright living area that flows into the stylish kitchen featuring granite countertops, stainless steel appliances, a large island, and spacious pantry. The private primary suite includes a walk-in closet, dual sinks, and a sleek step-in shower. Tile flooring in the main living spaces, cozy carpet in the bedrooms, refrigerated air, and ceiling fans throughout provide comfort and convenience. Enjoy the fully walled backyard with low-maintenance turf, xeriscaping, and an inflatable spa, perfect for relaxing or entertaining. Schedule your private tour today!

3
BEDS
2
BATHS
1,586
SQFT
0.1
ACRES

Welcome to 5773 Cosmo Court NE, where comfort, space, and functionality come together in a move-in ready home. Situated on a generously sized lot, this property offers plenty of outdoor space to relax, entertain, or create the backyard you've been dreaming of. Inside, the open floorplan creates a bright and welcoming atmosphere with seamless flow between the living, dining, and kitchen areas. The kitchen features beautiful countertops, ample workspace, and a layout designed for both everyday living and entertaining. Perfectly located for commuters, with convenient access to Santa Fe, Los Alamos, and only about 45 minutes from the ABQ Sunport. Warm, inviting, and well-maintained throughout, this home offers the perfect blend of livability and convenience in a growing Rio Rancho location.

3
BEDS
2
BATHS
1,494
SQFT
0.15
ACRES

Beautiful home located in Astante Villas in the highly sought-after Cabezon Community. This spacious home features 3 bedrooms, each with walk-in closets, 2.5 bath, updated flooring throughout and high ceilings. Perfect for entertaining and family gatherings, the home offers two full living areas plus a bonus loft upstairs. The beautifully landscaped backyard showcases stunning east mountain views, firepit and custom table creating an inviting outdoor setting. Additionally it is located in a prime location just moments away from parks, community swimming pool and scenic walking trails. Recently upgraded and installed roof, garage door, HVAC, dishwasher and refrigerator.Conveniently located near shopping, restaurants, hospitals, grocery stores and other everyday conveniences

3
BEDS
3
BATHS
2,238
SQFT
0.09
ACRES

Welcome to this beautifully maintained, nearly new home offering modern comfort and style. Built just a year ago, The Olive floor plan this home features a bright and open floor plan designed for everyday living and entertaining. The stunning kitchen is the heart of the home, showcasing gorgeous granite countertops, modern finishes, ample cabinetry, and plenty of space to gather. Step outside to enjoy the great backyard-perfect for relaxing, entertaining or creating your own outdoor retreat. With contemporary touches throughout and the feel of a brand-new home, this property ismove-in ready and sure to impress.

3
BEDS
2
BATHS
1,516
SQFT
0.34
ACRES

Imagine your perfect easy-living in this charming one year old, single-story home! Located in the desirable Rainbow Canyon master-planned community by Centex offers comfortable, hassle-free living with all main areas conveniently on one level. Fully landscaped front and backyard. All newer appliances convey as is. This energy-efficient home features a bright open-concept layout that's easy to move through, beautiful granite countertops, and a covered patio perfect for morning coffee or quiet evenings. Nestled in a friendly, welcoming neighborhood with easy access to Albuquerque, shopping, dining, and medical services, this accessible home provides low-maintenance living in a peaceful setting. Priced to sell and ready to move in. come take a gentle tour and picture yourself at home here .

3
BEDS
2
BATHS
1,596
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.