Zumper
modified
3 Days Ago

Highlights

  • Central refrigerated air conditioning
  • Beautiful views
  • Attached 2-car garage
  • Fully fenced backyard
  • Freshly painted tile flooring

Location

537 Terrace Dr Ne, Rio Rancho, NM 87124, USA

Tour 537 Terrace Dr Ne

Contact

PPL Rent Builder

(505) 808-6467

Property Overview

Featuring central refrigerated air conditioning and beautiful views, this property includes an attached 2-car garage and a fully fenced backyard, perfect for pet friendliness. Conveniently located, it is just 0.18 miles from the nearest grocery store and within 1.03 miles of top-rated schools. Additional amenities, like freshly painted tile flooring, enhance its appeal, making it a versatile option for various lifestyles.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • High school nearby
  • Middle school nearby
  • Images Available

Great for

  • Pet owners

Amenities for 537 Terrace Dr Ne

Apartment Amenities

2 Baths3 Bedrooms
Air ConditioningBeautiful Views
New Tile Flooring

Appliances

DishwasherGas Stove and Oven
In-Unit Laundry

Building

Dogs OK

Grounds

Garage ParkingOutdoor Space
RV Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit1

Cat policy

Not Allowed 
Limit1

1 pet maximum.

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About 537 Terrace Dr Ne

HomeHouses in Rio Rancho 537 Terrace Dr Ne, Rio Rancho, NM 87124, USA

!!!PRICE IMPROVMENT CELIBRATE THE STSTE FAIR IN YOUR NEW HOME!!! Welcome to your new home in Rio Rancho. This newly improved 3-bedroom, 2-bathroom house is ready for you to make it your own. With a generous 1500 square feet of living space, this home is freshly painted tile flooring. The kitchen is equipped with a gas stove and oven, a new dishwasher, and a large sink, all set to inspire your culinary adventures. All appliances are included for your convenience, and the home also boasts new plumbing throughout. The central refrigerated air conditioning ensures your comfort in all seasons. The attached 2-car garage comes with an opener and remote, providing secure parking and additional storage. The property also offers RV parking for your convenience. The huge 1/4-acre property has a fully fenced backyard, providing a secure space for your pet. Yes, this home is pet-friendly, welcoming one small to medium sized dog up to 45lbs with no monthly pet rent. The backyard also features a covered patio, perfect for outdoor entertainment. From this hilltop neighborhood, you can enjoy beautiful views every day. Don't miss this opportunity to live in a home that combines comfort, convenience, and beauty. Please review all photos and website for additional fees associated with this property and our pet and tenant policies prior to submitting your application at www RentBuilderPropertyManagement com **TO QUALIFY APPLICANT MUST HAVE A CREDIT SCORE OF 650+. **A TENANT BENEFIT PACKAGE FEE OF $39.95/MONTH WILL BE ADDED ONTO THE MONTHLY RENT AMOUNT **$350.00 NON REFUNDABLE PET FEE** (if applicable) + A $30.00 ANNUAL PET SCREENING FEE **NO CO-SIGNERS PERMITTED **A RIO RANCHO WASTE MANAGEMENT FEE OF $22/MONTH MUST BE ADDED ONTO THE MONTHLY RENT AMOUNT


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 537 Terrace Dr Ne compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Middle school nearby
There is a middle school 1 mile away
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

Address details

Zip code87124
TypeHouse for rent

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Rent trends in Rio Rancho

3-bedroom apartments at 537 Terrace Dr Ne cost about 5% less than the average rent price for 3-bedroom apartments in Rio Rancho.

Median rents as of Sep 6 2025.
Rio Rancho
A table of 3-bedroom apartment rental data trends in Rio Rancho
MonthMedian Rent
September 2023$1,961
October 2023$1,985
November 2023$1,922
December 2023$1,976
January 2024$1,965
February 2024$1,986
March 2024$2,033
April 2024$2,104
May 2024$2,121
June 2024$2,046
July 2024$2,048
August 2024$2,024
September 2024$2,032
October 2024$2,093
November 2024$1,998
December 2024$2,009
January 2025$2,078
February 2025$2,093
March 2025$2,042
April 2025$2,112
May 2025$2,100
June 2025$1,992
July 2025$2,100
August 2025$2,008
September 2025$1,995

Affordability calculator

Can I afford to live at 537 Terrace Dr Ne?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$75,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $75,800 annually to afford this 3-bedrooms monthly rent price of $1,895.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 537 Terrace Dr Ne, Rio Rancho, NM.
2 months ago$1,995

Schools near 537 Terrace Dr Ne

Ernest Stapleton Elementary School

3100 stapleton ave ne

rio rancho, NM, 87124

K-5Public
A-

Shining Stars Preschool

2100 lionel st ne

rio rancho, NM, 87144

PKPublic
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Internet available near 537 Terrace Dr Ne

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Rio Rancho near 537 Terrace Dr Ne

Walking

2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

3/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 537 Terrace Dr Ne, Rio Rancho

Groceries

0/10
No grocery stores within walking distance

Shopping

3/10
Some shops within walking distance

Cafes

2/10
Few or no cafés within walking distance

Restaurants

3/10
Few or no restaurants within walking distance

Primary schools

2/10
At least one elementary school within a 30-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Parks

4/10
Limited amount of park space nearby

Nightlife

0/10
Few or no bars within walking distance

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