1665 Pegasus Ave SE, Rio Rancho, NM 87124

House just got a brand new everything including paint and flooring, new cabinets, granite countertops and appliances. House has 3 bedrooms, 2 bathrooms, and a... two car garage with a nice covered patio.

When applying, please consider our application guidelines and fees:
• 3x income of monthly rent
• 600 or higher credit score (Score is based on average of all applicants in group)
• Lease term: 12 months minimum

Please review the information below for a detailed breakdown of fees associated with the rental of this property.
• $50 Application Fee (Paid with application)
• $1800 Security Deposit (Due within 2 days of application approval)
• $1800 Rent (Due the 1st of each month, pro-rated first month based on move in date)
• $25 Pet Rent (if applicable per month per pet)
• $90 Late Fee (Charged for any rent amount unpaid by the 4th of the month)
• $40 NSF Fee (non sufficient funds Charged for any returned payment)
• $3600 Early Termination Fee (if applicable upon early termination of lease agreement)

Utilities and other costs
• Water/Sewer: Rio Rancho Water paid by tenant via monthly ledger entry of charges received
• Trash: Waste Management paid by tenant via quarterly ledger entry of charges received
• Electric: Tenant responsible for setting up and payment through PNM
• Gas: Tenant responsible for setting up and payment through NM Gas
• HOA: Not applicable

Required Documents to submit with your application.
• Copy of photo your I.D.
• For pets, please attach their photos and proof of rabies vaccination.
• Verification of income -Paycheck stubs for the last two (2) months or, if newly employed, a signed offer of employment, employment contract, or hire letter; Retirement and/or Social Security Income Statement; Financial aid award letter; Military LES; Child support award letter/divorce decree; or previous year’s tax return or Form 1099 for self-employed or proof of any other lawful, verifiable and recurring source of income.

If you are unable to upload one of the needed documents please email

E-mail or call today to schedule your tour
Visit our website for more properties or to Apply Now.

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Properties must be seen by the applicant (or a friend or family member of the applicant) before processing of the application.

Please allow 2-4 Business Days to process applications fully. If more information is required a member of our staff will reach out when your application is being reviewed.

Applications are processed on a first-come, first-served basis.

Applications are only received through Lee mas