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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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Welcome to this beautifully maintained 3-bedroom, 2-bath home with a versatile bonus room in the desirable Corrales Heights neighborhood in Rio Rancho. Situated on a spacious 1/3 acre corner lot, this property features a circular driveway, two access gates, and ample parking for RVs, trailers, or extra vehicles. Enjoy professionally landscaped front and back yards, a custom covered patio perfect for entertaining, and a workshop ideal for hobbies or storage. Conveniently located near shopping, restaurants, schools, hospitals, and parks, this home offers the perfect blend of comfort, functionality, and location. Don't miss this exceptional opportunity!

3
BEDS
2
BATHS
1,710
SQFT
0.34
ACRES

Move right in and start saving! This beautifully maintained 3-bedroom, 2-bath home in the desirable Yucatan Del Este community offers an open layout, spacious living areas, and a well-appointed kitchen with stainless steel appliances and a pantry. Enjoy a private, low-maintenance xeriscaped backyard perfect for relaxing or entertaining. Best of all, the owned solar panels are all yours, providing exceptional long-term energy savings. Conveniently located just minutes from Cabezon Park, Rust Medical Center, shopping, dining, and easy access to Albuquerque, this move-in ready residence is a wonderful place to call home.

3
BEDS
2
BATHS
1,686
SQFT
0.12
ACRES

Spacious 4-bedroom home featuring a desirable open floorplan, beautiful laminate wood flooring, and refrigerated air throughout! Ideal for buyers needing that extra bedroom, this must-see property offers a low-maintenance backyard and a warm, cozy atmosphere the whole family will love. With comfortable living spaces and easy-care outdoor areas, this home is perfect for everyday living and entertaining.Don't miss your chance to make it yours!

4
BEDS
2
BATHS
1,702
SQFT
0.13
ACRES

Some homes just give you a little more room to breathe. This 3 bedroom, 2 bath home offers 1,305 square feet of comfortable single story living, but the real experience begins out back. With open space directly behind the home and beautiful views beyond, the backyard feels open, peaceful, and connected to the New Mexico landscape. Inside, the easy-flow floor plan provides comfortable spaces for everyday living, while the Rio Rancho location keeps you convenient to Rust Medical Center, parks, shopping, schools, and everyday amenities. If you're looking for a home where the setting matters just as much as what's inside, this one deserves a closer look.

3
BEDS
2
BATHS
1,305
SQFT
0.12
ACRES

The seller is now offering a $5,000 seller credit towards buyers closing costs with an acceptable offer!! This warm and charming home offers the perfect blend of timeless appeal and modern comfort. Featuring four spacious bedrooms, a large gourmet kitchen with granite countertops, and glass sliders opening to an oversized covered patio -- ideal for year-round entertaining and relaxing.The bright and open living room provides ample space for gatherings, while the fourth bedroom easily doubles as a home office or study. You'll love the thoughtful upgrades throughout: beautiful ceramic tile flooring in the kitchen, laundry room, and all bathrooms; elegant granite counters in the kitchen and both baths; and energy-efficient LED lighting everywhere.The kitchen is a true standout, equipped with a side-by-side refrigerator, microwave, gas range, and a washer and dryer too !!

4
BEDS
3
BATHS
1,707
SQFT
0.14
ACRES

****The seller is now offering a $5,000 seller credit towards buyers closing costs with an acceptable offer! Thoughtfully designed, this amazing 3 Bedroom, 2 bathroom home features exceptional comfort, style, and value that is sure to impress.The heart of the home features an expansive open-concept living, dining, and kitchen area highlighted by large sliding glass doors that open to a spacious covered patio -- perfect for indoor-outdoor entertaining and everyday enjoyment. The generous primary suite offers a walk-in closet, separate linen closet, and a luxurious dual-sink vanity area. Additional features include:Solid granite countertops with a 4'' granite backsplash,Energy-efficient appliance package: refrigerator, washer, dryer, dishwasher, gas range, and microwave. Call us to see it today !

3
BEDS
2
BATHS
1,687
SQFT
0.11
ACRES

Welcome to this updated, move-in ready 3 Bedroom single story home. As you walk in, you are greeted by a warm, inviting living space centered around a cozy fireplace. The open concept flow between the living room & kitchen creates an ideal layout for gathering. Renovated kitchen and 2 full baths, refrigerated air, 2 car garage & SELLER OWNED SOLAR + NO carpet. Kitchen includes stainless steel appliances (all convey), solid surface countertops & an island. Large backyard looms over current open space with a partial view of the Sandias. Located near a neighborhood park & an elementary school. This home offers unmatched convenience situated near running trails, Rio Rancho event center, a hospital & CNM Rio Rancho. NOTE: Please allow 24 hour notice for showings.

3
BEDS
2
BATHS
1,236
SQFT
0.13
ACRES

Amazing opportunity to own this one story gem in Northern Meadows in the heart of Rio Rancho! Recent upgrades include new quartz countertops and new tiled floors in the kitchen. GE profile oven range, new dishwasher and professional vent range hood. Updated primary bath with Venetian plaster. Guest bathroom is completely remodeled with new tile and a new vanity. Custom remote control fireplace with Venetian plaster. New windows in primary bedroom and living room. This remarkable home is freshly painted with a new air condition and heating system and also a new water heater. Additional upgrades include a new roof, garage door, patio door, custom side gates, iron gates, a dog run with a finished backyard with a mature spruce tree and other trees. Come and see all this home has to offer!

3
BEDS
2
BATHS
1,612
SQFT
0.16
ACRES

Welcome to your better-than-new Hakes Brothers home in Mountain Hawk! An entertainer's delight, you'll enjoy the chef's kitchen with oversized island, stainless appliances, a shady front porch and back enclosed patio, and a stunning primary suite with walk-in shower, double sinks, and a spacious walk-in closet.The home is tiled throughout, including all bedrooms, and the back yard is finished with a retaining wall and gravel - a low maintenance place that's perfect for you to enhance it with gardening or trees if you desire.With a lovely strip of green space behind your home, there are no neighbors directly behind you, creating an even more serene environment.Close to shopping and dining in Rio Rancho and Bernalillo, and a quick drive to the Jemez Mountains and Santa Fe.

3
BEDS
2
BATHS
1,667
SQFT
0.14
ACRES

Ideally situated just minutes from Presbyterian Rust Medical Center, shopping, dining, and everyday conveniences, Los Diamantes makes it easy to enjoy more of what matters. From quick commutes to effortless errands and evenings out, everything you need is close to home. Homes in this new phase are designed with affordable luxury in mind, featuring open-concept floorplans, contemporary finishes, and flexible living spaces that maximize both comfort and functionality. Every detail is carefully considered to deliver lasting quality, modern style, and outstanding value--making it easier to step into homeownership with confidence.

3
BEDS
2
BATHS
1,289
SQFT
0.1
ACRES

3504 Wild Horse Rd NE is a residence with a functional layout and modern finishes throughout. The kitchen features a walk-in pantry, creating a well-equipped space for cooking and entertaining. The primary bedroom includes a walk-in closet for convenient storage and organization. A covered patio extends the living space outdoors, flowing to a fully fenced backyard that creates ample room for relaxation and entertaining. This residence combines practical design with comfortable living spaces, delivering functional amenities throughout every room.

3
BEDS
2
BATHS
1,580
SQFT
0.13
ACRES

FOUR bedroom charmer on a quiet cul-de-sac in the beautiful community of Enchanted Hills. Open floor plan with lots of light offers a cheerful place to call home! Lots of storage including Walk-In closets in BR 2 and 3. No carpet - Luxury Vinyl and tile throughout! Freshly painted too! Terraced backyard offers low maintenance turf and SW gravel landscape. Nearby park and GREAT schools. Easy access to I-25, Santa Fe, and Albuq. Minutes from Park and Ride, Shopping, and Entertainment.

4
BEDS
2
BATHS
1,848
SQFT
0.14
ACRES

OWNED SOLAR & REFRIGERATED AIR....HONEY, STOP THE SEARCH... THIS IS THE ONE!!! Welcome home to this beautifully refreshed 3-bedroom, 2-bath patio home designed for easy living and unforgettable views. Soaring ceilings and abundant natural light create an open, inviting atmosphere, while fresh interior paint and BRAND NEW GE stainless steel appliances MAKE this home truly move-in ready... and it has REFRIGERATED AIR & OWNED SOLAR!?1? The thoughtfully designed floor plan offers comfortable living spaces perfect for relaxing or entertaining (WITH A COOL DOBULDESIDES GAS OG FIREPLACE )!Step outside to your private rooftop patio and take in breathtaking Sandia Mountain views, enjoy spectacular sunsets, or unwind under New Mexico's famous star-filled skies. Conveniently located near shopping, dining, parks, and commuter routes, this home combines low-maintenance living with exceptional charm and wont't last long!!

3
BEDS
2
BATHS
1,656
SQFT
0.11
ACRES

Wonderful family home in the Los Diamantes community. Conveniently located just minutes from parks, shopping, dining, grocery stores, Joe Harris Elementary and Rust Medical Center. Enjoy owned solar panels, helping reduce utility costs while staying cool all summer.The fully landscaped backyard is perfect for relaxing or entertaining with an extended patio and low-maintenance turf. Enjoy beautiful views of the iconic Three Sisters. Schedule a tour today!

3
BEDS
2
BATHS
1,420
SQFT
0.12
ACRES

Welcome home to this beautifully updated 5 bedroom, 2.5-bathroom home offering the perfect blend of space, comfort, and style. With a three-car garage, convenient side yard access, and multiple living areas, this home provides the flexibility today's buyers are looking for. Inside, you'll find fresh updates throughout, including newer flooring, freshly painted walls and baseboards, updated light fixtures, and a remodeled kitchen featuring quartz counters, updated appliances and stylish finishes. The spacious floor plan offers plenty of room for entertaining, relaxing, or working from home. The oversized primary suite serves as a private retreat with a beautifully updated bathroom and ample space to unwind. Four additional bedrooms provide room for family, guests, hobbies, or home office.

5
BEDS
3
BATHS
2,298
SQFT
0.15
ACRES

Beautiful mountain views and large backyard! Original owner. Well maintained home features 2 living areas, spacious primary suite, and family dining room. Located in a cul de sac, low traffic area. Updates include; water heater (2026) water softener (2023), refrigerator (2022), gas stove (2020). No carpet, no HOA, no PID! 3rd car garage has been converted into an office/storage area. All of the components of the garage are still there (door, opener) and can easily be converted back to a garage, if desired.

4
BEDS
2
BATHS
2,569
SQFT
0.34
ACRES

Perfectly located near Intel with easy access to Albuquerque, this beautifully updated home blends style, comfort, and functionality. Inside, enjoy 16x16 tile throughout, a stacked-stone fireplace, barn door accents, upgraded kitchen cabinetry, tile backsplash, reverse osmosis, water softener, an oversized pantry, and a spacious laundry room with built-ins. The primary suite features a custom walk-in closet, while a secondary bedroom includes an adjoining office/flex space. The backyard is fully fenced offering backyard access, a covered patio with gazebo and a separate dog run! This great property stis on a HALF ACRE! Other updates include: newer solar (seller will pay off in full at closing W/ acceptable offer) septic, water heater, and a finished 2-car garage.

3
BEDS
2
BATHS
2,040
SQFT
0.5
ACRES

Tucked away at the top of a quiet cul-de-sac in one of the area's most desirable neighborhoods, this move-in-ready hidden gem offers 4 bedrooms, 2.5 bathrooms, fresh interior paint, and a spacious, functional floor plan. Enjoy two living areas, a huge loft ideal for a game room, office, or media space, and an oversized 3-car garage with exceptional storage throughout. Abundant closet space and convenient under-stair storage make staying organized easy. The private primary suite features its own balcony overlooking the lush backyard. Situated on nearly a quarter acre, the backyard oasis is filled with mature trees and vibrant greenery, creating the perfect space to relax or entertain. Just steps from walking and bike paths, this home offers the perfect blend of comfort, privacy, convenience, and location.

4
BEDS
3
BATHS
2,255
SQFT
0.22
ACRES

Welcome to this beautiful single story home situated on a .33 acre lot tucked away at the end of a cul-de-sac, in the highly sought after Rivers Edge III community. This home features, large rooms, family room, kitchen has plenty of cabinet & counter space, formal dining + breakfast nook, refrigerated air, water softener, large 2 car garage with bonus/hobby room and storage cabinets. Wonderful covered patio for relaxing & entertaining and an inviting covered front porch with phenomenal mountain views. Landscaped, front & back, lawn, shrubs. Huge side yard parking, perfect for RV and/or multiple vehicles & back yard access to another garage/workshop & two storage sheds. This property has so many unique qualities that are a rare find! NO Poly, NO HOA.

3
BEDS
2
BATHS
1,698
SQFT
0.33
ACRES

3
BEDS
2
BATHS
1,458
SQFT
0.13
ACRES

Completely Remodeled & Move-In Ready! Welcome home to this beautifully renovated 3-bedroom, 2-bath residence, offering the perfect blend of modern updates, comfort, and value. Situated on a spacious 1/2-acre lot with convenient backyard access, this property provides plenty of room for RV parking and outdoor entertaining.This home has been extensively remodeled from top to bottom. Recent improvements include new interior and exterior paint, a new roof, new evaporative cooler, energy-efficient new windows, stylish luxury vinyl flooring, new kitchen appliances, new kitchen and bathroom cabinetry with updated countertops... Every detail has been thoughtfully updated, allowing you to move in and immediately enjoy your new home.

3
BEDS
2
BATHS
1,237
SQFT
0.58
ACRES
$399,000
-6,000$ 08/17

HUGE price improvement!! Welcome to 3420 Shiloh Road! This beautifully maintained 4-bedroom, 3-bath home offers the perfect blend of comfort, style, and peace of mind. Thoughtfully updated and truly move-in ready, this home showcases pride of ownership throughout. Major improvements include a new roof (2021), new exterior stucco paint (2021), new downstairs flooring (2023), brand-new carpet (2026), and a new water heater (2026). These are just a few of the many updates that make this home stand out. Step outside to a fully landscaped backyard, creating the perfect setting for relaxing, entertaining, or enjoying beautiful sunsets. With spacious living areas, generous bedrooms, and a functional floor plan, this home is ideal for everyday living! Don't miss your opportunity to own this move-in-ready home, schedule your private showing today!

4
BEDS
3
BATHS
2,835
SQFT
0.17
ACRES

Meet 429 Playful Meadows Dr NE, refreshed with fresh interior paint and a partial flooring replacement. This home includes a fireplace and an updated kitchen with all stainless steel appliances, a kitchen island. The primary bedroom features a walk in closet, with its primary bathroom providing double sinks and a separate tub and shower. Outside, a covered patio extends to a fenced in backyard. This residence combines modern updates with functional living.

3
BEDS
3
BATHS
2,180
SQFT
0.14
ACRES

A true market rarity, this former Twilight Homes model showcases premium upgrades, effortless living, and an unbeatable Rio Rancho location just moments from shopping, dining, Intel, and the Southern/NM 528 corridor. From the striking stacked stone exterior and inviting private entry courtyard to the thoughtfully designed open-concept great room, every detail has been crafted to impress. Enjoy refrigerated air, superior 95% efficient furnace, low-e thermal windows, upgraded insulation for energy efficiency, soaring ceilings, designer LED lighting, abundant storage, and tasteful tile flooring throughout the main living areas with carpet reserved for the bedrooms.

3
BEDS
2
BATHS
1,584
SQFT
0.06
ACRES

Enjoy this combination of space, comfort, and convenience in a brand-new manufactured home situated on a full acre of land. Offering 4 bedrooms and 2 bathrooms, this thoughtfully designed home features an open floor plan, a spacious kitchen, and refrigerated air for year-round comfort. The home is set on a permanent foundation, making it eligible for FHA and VA financing. A detached 2-car garage provides plenty of room for vehicles, storage, or a workshop. Connected to city water, you'll enjoy the convenience of no water hauling. Located within the highly sought-after V. Sue Cleveland High School district, this property offers peaceful country-style living with easy access to nearby amenities. This move-in-ready property is a rare opportunity to own a brand-new home with room to grow.

4
BEDS
2
BATHS
1,904
SQFT
1
ACRES
Daria Derebera Realtor

Daria Derebera

Real Estate Broker in Albuquerque, NM

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