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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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Versatile Opportunity! Built in 2022, this 1,651 sq ft home offers 3 bedrooms and 2.5 baths with stylish finishes throughout. The kitchen is equipped with stainless appliances, granite counters, and maple cabinets, while tile flooring runs through the main areas with carpet in bedrooms. A 12' sliding glass door opens to a covered patio, perfect for indoor-outdoor living. The oversized two-car garage adds extra convenience. Located near parks, this home is currently leased through September 2026--providing immediate rental income for investors and future potential for homebuyers.

3
BEDS
3
BATHS
1,651
SQFT
0.16
ACRES

This Beautiful Home Is Meticulously Maintained, Located On A Fantastic Cul-De-Sac In Enchanted Hills. Property Has A Bright Kitchen With Vaulted Skylights ,Plenty of Cabinetry, And A Nice Center Island. 2+ Living Area(s), A Gas Fireplace, Nicho(s), 3 BR's, ( The Huge Master Bedroom has a Builder Upgrade ''Bump Out''- Extra Space/Sitting Area), 2 Full Bathrooms-Both With Double Sinks And A 2 Car Garage. The Backyard Is Spacious And Ready For Your Imagination And Special Touches.

3
BEDS
2
BATHS
1,707
SQFT
0.16
ACRES

Hidden within a beautiful, gated community, this corner-lot gem offers stunning Sandia Mountain views and a versatile floor plan. The main level features a primary suite plus a flexible second room perfect as an office, studio, gym, or guest bedroom. Upstairs, a guest retreat which includes a cozy gas fireplace and private balcony, ideal for relaxing or hosting company. Pride of ownership is evident throughout, and the convenient location places you minutes from shopping, dining, and more. With HOA covering water, sewer, streets, and common areas, this home is perfect for year-round living or a lock-and-leave lifestyle.

3
BEDS
3
BATHS
2,435
SQFT
0.14
ACRES

Discover a Centex community in Rio Rancho designed to fit today's lifestyle. The Sage plan just 3 years old offers a spacious, open layout with two dining areas and a large gathering space perfect for everyday living and entertaining. The gourmet kitchen includes stainless steel appliances (with side-by-side refrigerator), granite countertops, and 16x16 tile in wet areas. Built to NM Green Built Gold standards, this energy-efficient home is designed to provide comfort and long-term savings on utilities.

4
BEDS
2
BATHS
1,897
SQFT
0.14
ACRES

This 3-bedroom home has everything you want: two full bathrooms, two living areas, and an open floor plan that'll make entertaining a total breeze.The kitchen is seriously on point with brand new granite countertops/ backsplash plus a new dishwasher and fridge. And talk about comfort - you'll be loving the refrigerated air installed in 2024 , which means perfect temperature control all year round.Outside, you'll find a low-maintenance gravel yard with mature, large trees and smart retaining walls that maximize your usable outdoor space.Bonus features? Brand new windows and lighting that'll make the whole place feel bright and modern.

3
BEDS
2
BATHS
1,620
SQFT
0.16
ACRES

Discover this charming home in Rio Rancho, boasting 2,262 square feet on a spacious 0.25-acre lot. Ideally situated, it offers quick access to HWY 528, Corrales, and shopping, all while being just half a block away from the picturesque Vista Hills Park. The flexible floor plan includes more than two On the main level, you'll find three bedrooms, two bathrooms, a kitchen, dining room, and living room. The lower level is adaptable for various lifestyles, featuring a recreation room that can serve as a fantastic homeschooling area, playroom, or arts and crafts studio. Additionally, there's a fourth bedroom or living space and a laundry room.

4
BEDS
2
BATHS
2,262
SQFT
0.25
ACRES

**PRICE IMPROVEMENT**Now $10,000 LESS!Charming and Updated Home Ready for Move-In!This beautifully maintained home features numerous recent upgrades that offer both comfort and peace of mind. Enjoy abundant natural light through new windows installed between 2021-2023. The kitchen is equipped with a new dishwasher and stove, perfect for everyday living and entertaining. Laminate flooring was added in 2022, complementing the cozy ambiance of the wood-burning fireplace in the living area. Stay cool with a functional swamp cooler, and appreciate the modern touch of updated bathroom counters completed in 2023. Step outside to a freshly fenced yard-ideal for pets, gardening, or relaxing. With a roof under 10 years old, this home is move-in ready with major updates already done.

3
BEDS
2
BATHS
1,785
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.