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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 107 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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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

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 to this refreshed 3-bedroom, 2-bath home at 1036 Baltic Avenue SE in Rio Rancho. Brand new pro panel roof and major system updates include an updated HVAC system and no interior polybutylene plumbing, offering valuable peace of mind. Situated on a generous lot, the oversized backyard provides ample space for entertaining, relaxing, gardening, or designing your ideal outdoor retreat. With important updates already completed and a functional layout ready to enjoy, this home presents a fantastic opportunity in a convenient Rio Rancho location.

3
BEDS
2
BATHS
1,623
SQFT
0.29
ACRES

Welcome to this well maintained single story home located on a desirable corner lot in Rio Rancho! Featuring attractive curb appeal with a classic stucco exterior, clean architectural lines, this home offers both comfort and functionality. The corner lot enhances privacy and creates a more open, spacious feel with possible backyard access. Inside, you'll find a thoughtfully designed layout perfect for everyday living and entertaining. Conveniently located near schools, parks, shopping, and dining, this home offers both comfort and accessibility in a growing Rio Rancho community.A great opportunity to own a move-in ready home. Schedule your showing today!

3
BEDS
2
BATHS
1,703
SQFT
0.17
ACRES

Welcome to this light and bright, beautifully updated D.R. Horton home in the desirable Northern Meadows community. Featuring 4 spacious bedrooms, with a living and dining room combo. This home offers a flexible and functional layout. The kitchen opens seamlessly to the family room, creating an inviting space for everyday living and entertaining. Recent interior paint and newer vinyl flooring throughout enhance the home's fresh, modern feel. Bathrooms have been tastefully updated, and major systems including the roof, A/C, and heater have all been replaced recently for added peace of mind. Outside, enjoy a fully landscaped yard and a covered patio--perfect for relaxing or hosting guests. Truly move-in ready and impeccably maintained.

4
BEDS
2
BATHS
1,763
SQFT
0.12
ACRES

Seller is willing to address the back siding repair post closing. Contractor bid has been obtained and is available upon request. 3-bedroom, 2-bath home offers flexible living with a dedicated office and additional flex space, perfect for today's work-from-home or family needs. The kitchen is crafted with custom hickory cabinets and all appliances, purchased within the last 2-3y will convey. Upgrades include a brand-new HVAC system, new roof with warranty, new flooring, and fresh interior paint. This is a move-in-ready home. Enjoy the separate laundry room and a large, blank-canvas backyard, ready for you to create your own oasis with beautiful mountain views. Situated on a .31 acres corner lot. No HOA and space for RV or toys.

3
BEDS
2
BATHS
1,602
SQFT
0.31
ACRES
$320,000
-5,000$ 03/05

Listed below Appraised Price & Move-In Ready For Summer! Fall in love with this charming 3-bedroom, 2-bath Chamisa Hills home located in a gated Rio Rancho Community, close to shopping, dining, and everyday conveniences. Step inside to discover nearly new LG kitchen appliances, fresh interior paint, and thoughtful updates throughout, including ceiling fans and window blinds--all completed within the last year. Tile and laminate flooring span the home for easy care and a clean, modern feel. Truly move-in ready, all that's missing is you and your personal touch to make this house your home.

3
BEDS
2
BATHS
1,336
SQFT
0.1
ACRES

Introducing a new phase of Los Diamantes, located in Rio Rancho, New Mexico, where modern design meets exceptional value. This thoughtfully planned phase offers homebuyers the opportunity to enjoy stylish, well-crafted homes in a convenient and highly desirable location--without the premium price tag. 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.

3
BEDS
2
BATHS
1,289
SQFT
0.1
ACRES

Welcome to this brand-new manufactured home on a permanent foundation situated on a generous 1/3-acre lot. This property offers modern comfort with city water, refrigerated air conditioning, and a well-designed floor plan ideal for everyday living. The 2-car garage provides ample space for parking, storage, or a workshop. Enjoy the benefits of new construction, low-maintenance living, and room to spread out on a spacious lot. A great opportunity to own a new home with land, modern features, and lasting value--schedule your showing today. ***estimated completion is Late March***

3
BEDS
2
BATHS
1,568
SQFT
0.3
ACRES
$354,900
-5,000$ 04/03

Welcome home to this beautifully upgraded 3-bedroom, 2-bath property in Vista Hills area of Rio Rancho. If you're looking for a move-in-ready home with modern updates, great views, and no HOA--this is it.Situated on an oversized lot with backyard access, this home offers mountain views and a prime location close to shopping, schools, and entertainment.Highlights include:New exterior & interior paint.Brand-new shaker kitchen cabinets.New Granite countertops with tile backsplash.New stainless steel appliances.Fully remodeled bathrooms with new vanities & fixtures.New light fixtures.New LVP flooring throughout.New shingle roof.Freshly updated landscaping.

3
BEDS
3
BATHS
1,284
SQFT
0.27
ACRES

Welcome to 336 4th Ave SW, a property that boasts a modern kitchen equipped with all stainless steel appliances. Step outside to enjoy the private patio with fenced in backyard perfect for outdoor dining or relaxation. The property also features a storage shed, providing ample space for your belongings. Recent updates include a partial flooring replacement, enhancing the overall aesthetic of the home. The interior has been refreshed with a coat of fresh paint, giving the home a clean and bright feel. This property is a must-see for those seeking a well-maintained and updated home. Included 100-Day Home Warranty with buyer activation

3
BEDS
2
BATHS
1,341
SQFT
0.5
ACRES

This inviting single-story home in the gated Chamisa Greens community is truly move-in ready, with big-ticket updates already done. Updates include a brand-new furnace(2024), refrigerated A/C (2024, fresh paint, & new flooring(2025), new water heater(2026), new bathroom vanities & toilets, new shower head in primary(2025), refrigerator & disposal (Oct 2024). The bright, open layout makes everyday living easy & comfortable, whether you're relaxing at home or hosting friends and family. The kitchen flows naturally into the living and dining areas, creating a space that feels connected & welcoming. The primary bedroom offers a peaceful retreat, while the additional bedrooms are perfect for guests, a home office, or whatever your lifestyle needs. Low maintenance yards front & back. Come See

3
BEDS
2
BATHS
1,255
SQFT
0.11
ACRES

Beautifully maintained Twilight Home offering comfort, style, and real value. Open floor plan with tile flooring and cozy gas fireplace. Kitchen features a large island, stainless steel appliances, and ample storage. Spacious primary suite with garden tub, double sinks, separate shower, and walk-in closet. Enjoy a fully landscaped, private backyard with fire pit and turf--no dirt lot here. Roof is six years old, upgraded with tankless water heater summer 2025, and solar panels are paid off for IMMEDIATE SAVINGS. Seller offering $7,237.68 credit towards rate buy down or closing costs with acceptable offer.

4
BEDS
2
BATHS
1,872
SQFT
0.14
ACRES

Beautifully maintained home in a desirable Rio Rancho community! This inviting residence offers a functional floor plan with spacious living areas, abundant natural light, and neutral finishes throughout. The open kitchen provides ample cabinet and counter space and flows seamlessly into the dining and living areas--perfect for everyday living or entertaining. Generously sized bedrooms offer comfort and flexibility, including a primary suite with a private bath and ample closet space. Enjoy outdoor living in the low-maintenance backyard, ideal for relaxing or gatherings. Conveniently located near parks, schools, shopping, and dining, this home combines comfort, style, and a great location. Don't miss this opportunity!

3
BEDS
2
BATHS
1,943
SQFT
0.16
ACRES

START THE YEAR IN A HOME THAT FEELS BOTH GRAND AND COMFORTABLE FROM THE MOMENT YOU ARRIVE. This spacious two story home in Enchanted Hills welcomes you with a big shade tree out front and soaring vaulted ceilings inside that fill the space with light. Tile and carpet blend comfort and style while the open kitchen becomes the heart of the home with a generous cooking area, bar seating, and clear views into the family room, perfect for everyday living and gatherings. A dedicated dining area adds flexibility for hosting. Upstairs, the primary suite is a true retreat with a walk in closet, dual sinks, garden tub, and separate shower. The large walled backyard with open patio offers privacy and room to relax, play, or entertain, all in a neighborhood known for parks, trails and all the​​‌​​​​‌​​‌‌​​‌​​​‌‌​‌‌‌​‌​​​​‌‌​​‌‌​​‌​ things!

4
BEDS
3
BATHS
2,103
SQFT
0.13
ACRES

Fall in love the moment you arrive... Turn-key, upgraded, and move-in ready--this single-story home checks all the boxes! The desirable corner lot offers space to live, entertain, and relax. Inside, enjoy vaulted ceilings, abundant natural light, and a bright, open layout. The refreshed kitchen features gleaming stainless appliances, slim-line microwave, generous counter space, and an oversized pantry. Major updates include a newer roof, refrigerated air, fresh interior paint, new lighting, and brand-new carpet. Four true bedrooms provide flexibility for family, guests, or a home office. Backyard vehicle access gate. Conveniently located near Bosque/river trails. Sparkling clean and ready for immediate occupancy. Better hurry: schedule your showing with the 505-450-HOME Team now!

4
BEDS
2
BATHS
1,593
SQFT
0.23
ACRES

One year of HOA paid. No PID. Modern upgrades. Prime location. 4.99% VA assumable loan, what more could you ask for? This thoughtfully upgraded 2024 DR Horton home features modern finishes, an open-concept layout, and high-end touches throughout. Perfect for comfortable, but stylish living. This home includes brand new landscaping, an extended concrete pad, new light fixtures, elegant crown molding, upgraded hardware, and custom blinds. Every detail has been elevated to create a clean, modern, move-in-ready experience. This Rio Rancho home offers a rare level of privacy while still being just minutes from shopping, dining, and everyday conveniences. Seller to pay for professional floor cleaning before closing. HOA paid for 1 full year AND no PID!

4
BEDS
3
BATHS
2,078
SQFT
0.1
ACRES

This home design features 3 bedrooms, 2 bathrooms, 2 car garage with a welcoming entry that opens to a bright, elegant dining room. The kitchen-dining-great room configuration is ideal for family living or festive gathering. Home is still under construction. nly and may not represent the exact layout, dimensions, or features of an available home. All square footage and room dimensions are approximate and vary by elevation. Prices, plans, features, and options are subject to change without notice. See Sales Representative for details.

3
BEDS
2
BATHS
1,337
SQFT
0.11
ACRES
$360,000
-10,000$ 02/27

SELLER OFFERING $5K FLOORING CREDIT!!! Welcome to this beautiful, Pulte home, crafted in 2021 and located in Broadmoor Heights- a desirable area, near top-rated schools, community parks, scenic walking trails, local shopping, dining, and quick access to Hwy 528 for an easy commute. This modern, energy-efficient property offers a bright and spacious, open floorplan. The stylish kitchen features granite countertops, birch wood cabinets, and quality finishes throughout. A dedicated office space provides the ideal setup for working from home or potential 4th Bedroom. The home also has a beautiful tile roof! The private primary suite offers a large walk-in closet, double sinks, and a spacious walk-in shower. Additional features include an attached garage and covered patio. See it today!

3
BEDS
2
BATHS
1,803
SQFT
0.13
ACRES

Welcome to your like-new 2024 home by DR Horton. This modern residence shines with fresh interior paint and striking accent walls in the bedrooms. Step inside to discover an open floor plan and soaring high ceilings that allow tons of natural light. The kitchen features stainless steel appliances and abundant counter space, perfect for everything from weekday meals to hosting family and friends. Smart home technology is integrated throughout, offering effortless control over lighting, climate and more. This home also boasts practical upgrades such as a water softner for superior water quality and beautifully xeriscaped landscape. Outside space creates tranquil, easy care environment with breathtaking mountain views.This home also remains under builder warranty for peace of mind.

4
BEDS
2
BATHS
1,552
SQFT
0.13
ACRES

Embrace the tranquility of Enchanted Hills with this delightful 4-bedroom, 3-bath home! Spanning 2067 square feet, this residence is filled with charm and ready to welcome you. The fenced backyard not only enhances your outdoor space but also includes convenient RV access for those spontaneous road trips. Enjoy easy access to Highway 550 and I-25, making your daily commutes hassle-free. This home encapsulates a secure and inviting environment where you can truly relax and unwind. Don't wait--make this enchanting corner property your own today!

4
BEDS
3
BATHS
2,048
SQFT
0.13
ACRES

A standout home in central Rio Rancho, this single story brick home features four bedrooms, three bathrooms, 2 car garage & includes two master suites. Kitchen updated in 2024 with stainless steel appliances, granite counter tops, custom cabinets & connects easily to the main living area. 2024 upgrades include: furnace, water heater, & refrigerated air. The garage is finished with epoxy flooring. Large laundry room inside for added convenience. You'll love the spacious backyard with backyard access and storage! Schedule your tour today!

4
BEDS
3
BATHS
1,809
SQFT
0.31
ACRES

Discover the potential at 4815 Leon Grande Ave SE in Rio Rancho a solid, well-loved home offering comfort today and endless possibility for tomorrow. Currently tenant-occupied and well-maintained, this property has been cared for, providing a strong foundation for its next owner to personalize, update, and elevate to modern taste.This home features a functional floorplan with generously sized living spaces, natural light throughout, and a layout that invites creativity. The kitchen and bathrooms are clean and usable as-is, yet present the perfect opportunity for upgrades and value-add improvements.Outdoors, you'll find a spacious yard with room to expand, garden, entertain, or simply enjoy New Mexico skies.

3
BEDS
2
BATHS
1,661
SQFT
0.27
ACRES

*Back on the market. Buyer Financing Fell Through* Welcome to 3806 Saint Andrews in Panorama Heights. This well-maintained 3-bedroom, 2.5-bath home sits on a spacious lot with mature trees and shrubs, offering versatile outdoor space. Inside, you'll find a generous living area with a wood-burning fireplace and a large, functional kitchen that opens to the dining and living spaces. The primary room includes a spacious sitting area. A sunroom spans the back, ideal for additional living space, storage, or entertaining. The RV pad and storage shed out back provide added flexibility. A new roof installed in 2023 offers lasting value. Conveniently located in Rio Rancho, this move-in-ready home is close to shopping, dining, and services.

3
BEDS
3
BATHS
2,063
SQFT
0.37
ACRES

totally remodeled ,must see new roof ac new kitchen new bathrooms .must see.

3
BEDS
2
BATHS
1,573
SQFT
0.25
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.