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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 home to this beautifully maintained and thoughtfully updated residence offering 2 bedrooms, 2 bathrooms, plus a versatile office/bonus room that can easily serve as a third bedroom. Designed for comfort and convenience, this charming home features a newer furnace and air conditioning system (2015/2016), providing year-round energy efficiency and peace of mind. Inside, you'll find modern LED lighting throughout, elegant French doors with built-in blinds, and updated windows installed in 2012 with enhanced safety features. The spacious primary suite boasts a beautifully remodeled bathroom complete with a new tub, extended-height shower, and a stylish soft-close barn door for added privacy. The updated kitchen is both functional and inviting, featuring solid-surface countertops and

2
BEDS
2
BATHS
1,398
SQFT
0.13
ACRES

NEW PRICE!Beautifully maintained single-story home in the sought-after Mountain Hawk community. The popular Sofia floorplan offers an open layout with soaring ceilings, abundant natural light, and seamless living spaces. The stylish kitchen features granite countertops, gray subway tile backsplash, dark cabinetry & durable ceramic tile flooring. The spacious primary suite includes dual vanities & a large walk-in shower with tile surround. Enjoy indoor-outdoor living with a private patio ideal for entertaining & a premium location bordering open space. Skip the wait & expense of new construction with this like-new 3-bedroom home. The low-maintenance backyard showcases attractive turf, perfect for relaxing year-round. Conveniently near parks, trails, shopping, 550 & 528. All appliances stay!

3
BEDS
2
BATHS
1,440
SQFT
0.1
ACRES

BUILDER OFFERS AMAZING FINANCING TERMS WITH IN HOUSE LENDER, DHI MORTGAGE PLUS $7,000 TOWARDS CLOSING COSTS! ''The Sawyer'' by DR Horton. Stunning 4 bedroom, 2 bath and 2 car garage. Open great room and dining area invite's easy entertaining. Elegant kitchen with granite counter tops, kitchen island, Whirlpool appliances and spacious pantry. Ceramic tile floors in kitchen, dining and all wet areas. Primary bath with raised double vanity, ceramic tiled walk in shower and large walk in closet. Pitched roofs. Smart home with Amazon Alexa connect. Refrigerated air & low- e windows!

4
BEDS
2
BATHS
1,602
SQFT
0.11
ACRES

Open house Sunday 6/14 from 12pm-2pm! Welcome to Enchanted Hills! This spacious single-story home features an open-concept layout with soaring ceilings, abundant natural light, and seamless flow between the kitchen, dining, and living areas--perfect for entertaining. The kitchen offers ample cabinet space and a center island for additional prep and gathering space. The generous primary suite includes a large walk-in closet and private en-suite bath. Step outside to your backyard oasis complete with an in-ground pool, mountain views, and plenty of room to relax or host guests. Conveniently located near parks, schools, shopping, dining, and major commuter routes. Don't miss this opportunity to enjoy indoor-outdoor living in one of Rio Rancho's most sought-after neighborhoods!

3
BEDS
2
BATHS
2,209
SQFT
0.31
ACRES
$350,000
+11,000$ 08/10

Final Opportunity to own in Rainbow Canyon! Tired of paying rent? Invest in a new home at Rainbow Canyon - Rio Rancho's newest community minutes from shopping. Rainbow Canyon offers ''life-tested'' modern floor plans at an affordable price designed to enhance your evolving lifestyle. The Chimayo is a modern 3 bed 2 bath home with open concept living, granite countertops, and a delightful blend of a large covered patio and welcoming front porch. Experience comfort and style in every corner. Centex plans feature openness and energy-efficiencient designs to boast livability and savings on utility bills! Enjoy a functional kitchen with stainless-steel appliances, including a side-by-side refrigerator, granite countertops, and 15'' x 15'' tile in wet areas.

3
BEDS
2
BATHS
1,264
SQFT
0.13
ACRES

Located in highly sought-after Rivers Edge III, this well-maintained home offers a flexible floor plan, generous living spaces, and the comfort of an established neighborhood known for its larger lots and proximity to the Bosque and Rio Grande. The thoughtfully designed layout provides versatility for a variety of lifestyles, while the spacious yard offers gated side access, room for outdoor enjoyment, and additional space for storage, recreational vehicles, trailers, or future customization. Mature landscaping, attractive curb appeal, and pride of ownership throughout make this a rare opportunity in one of Rio Rancho's most desirable areas.

4
BEDS
2
BATHS
1,823
SQFT
0.24
ACRES

Seller is offering $2000 towards buyers closing costs! Don't miss out on this opportunity! 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

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

**$5,000 closing credit availableDiscover 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

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

Professionals! Empty-nesters! Co-living partners! Age in place-ers! Lock and leave!Spacious, with Soaring Ceilings, Bonus Room, .5 acres, and Views FOREVER, and yet Easy to live in and maintain as a Single Story, Accessible, Seller-owned Solar-Powered, Well-Watered home with a Whole House Generator, Low Maintenance Natural Landscape Yard, RV access, and NO HOA. This is THE ONE!

2
BEDS
2
BATHS
1,822
SQFT
0.5
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
$319,900
-10,000$ 08/11

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 will consider up to 5,000 toward buyer closing costs or rate buydown with acceptable offer; move-in ready newer Pulte home, upgraded landscaping, granite, smart features; quick close possible.

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 bathrooms, and a layout that actually flows. Multiple living areas give you room to spread out, whether that's a reading corner, a home office, or somewhere to close the door and breathe.Wake up and look out at the Sandia Mountains right outside your window!The backyard is generous with backyard access, room for a garden, a 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 call HOME!

3
BEDS
2
BATHS
1,764
SQFT
0.3
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

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

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
1,503
SQFT
0.15
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

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

Come see this lovely custom passive solar adobe home which is move in ready! Three bedrooms & two completely updated bathrooms. Primary bedroom features, walk-in closet, access to solar hallway & a private patio. Two large living areas featuring beamed ceilings, both Kiva & woodstove fireplaces. Brick & luxury vinyl flooring. Home maintains its older charms with the best modern updates. Kitchen includes beautiful quartz countertops, large pantry, & all new appliances, including dishwasher, refrigerator, stove, microwave, washer & dryer. Attach garage is oversize with lots of storage space. It has built-in shelves & a workspace. Low maintenance landscape in the front yard & a giant brick patio out back off of the solar hallway, plus backyard access. Nice size lot is .27 acres. Excellent

3
BEDS
2
BATHS
2,351
SQFT
0.27
ACRES

.68 Acre oversized fenced lot, 4 bedrooms, Refrigerated air, single story house in southern Rio Rancho!! Hard to find something like this under 400k in Rio Rancho. Tile flooring throughout entire house. Open kitchen and living area. 2 spacious bathrooms with extended counter space. Attached 2 car garage. This corner lot is great for someone who's looking for space and privacy. Lot was recently fully fenced.

4
BEDS
2
BATHS
1,527
SQFT
0.68
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.