1047 Waterfall Drive

📍 1047 Waterfall Drive, Rio Rancho, NM 87144

📋 Property Overview

1047 Waterfall Drive offers 3 bd, 2.5 ba in Northern Meadows, Rio Rancho, New Mexico. Interior space is 1938 sq ft. Rent is $1,980 a month. The unit features microwave, extra storage, W/D hookup and oven. On site there is cats allowed, parking, on-site laundry and pet friendly. Pets are allowed (cats and dogs). The standard lease term is 12 months. Availability: Available Sep 7, 2026. That is 37% above the local median of $1,450.

💵 Costs & Lease

Deposit

$1,980

Lease length

12 months

Units available

1 unit

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• 3 Bed, 2.5 Bath3 bd · 2.5 ba · 1,938 sq ft$1,9801 unit available

🧾 Move-in Costs & Lease

Security deposit

$1,980

Lease length

12 months

Available

Available Sep 7, 2026

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what New Mexico renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 89,603 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

✨ Features & Details

• Pet Friendly
• W/D hookup
• Dishwasher
• Garage
• Stainless steel
• Air conditioning
• Bathtub
• Extra storage
• Microwave
• Oven
• Range
• Refrigerator
• Cats allowed
• Dogs allowed
• On-site laundry
• Parking
• 1938 sq ft

📊 Property Facts

Walk Score

0 · Car-Dependent

🎓 Nearby Schools

• Colinas Del Norte Elementary School · PK-57/10 · 1.4 mi
• Cielo Azul Elementary School · K-57/10 · 2.7 mi
• Eagle Ridge Middle School · 6-86/10 · 3.7 mi
• Ernest Stapleton Elementary School · K-57/10 · 4.0 mi
• Rio Rancho Middle School · 6-88/10 · 4.1 mi
• V Sue Cleveland High School · 9-128/10 · 4.1 mi
• Lincoln Middle School · 6-86/10 · 4.7 mi
• Rio Rancho High School · 9-128/10 · 4.7 mi
• Puesta Del Sol Elementary School · K-55/10 · 5.5 mi
• Vista Grande Elementary School · K-58/10 · 5.8 mi

🏡 Floor Plans