Rent to own Homes in Los Lunas, NM

Los Lunas is a village of about 15,000 residents, located along the west bank of the Rio Grande River in the Albuquerque basin. Once part of a large land grant given to one nobleman in 1716, the village was subsequently claimed by the influential Luna family. After becoming the seat of Valencia County, Los Lunas built a station for the Santa Fe Railroad to deliver essential supplies and it has thrived ever since.

Los Lunas, NM is a great place for affordable rent-to-own homes! With a median household income of over $59,636 and a median rent of $1,030, the Los Lunas, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Los Lunas, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Los Lunas, NM rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
451 CORONADO ST NE
Rent To Own
 
Single Family Home
Los Lunas, NM 87031
2
2
1310 ft2
1920
1 BLACK BEAR CT
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
4
2
0 ft2
1619 SICHLER RD SW
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
2
2204 ft2
1988
1141 MESA RIDGE DR SW
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
2
1988 ft2
1995
1 of 54 3271 PRAIRIE RDG
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
2
1372 ft2
2011
New
1872 VALLE VISTA RD NW
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
4
2
2161 ft2
1627 LOS LENTES RD NE
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
3
3261 ft2
1900
New
1 of 99 423 DENNIS CT NE
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
4
2
1955 ft2
2005
2180 FIREWHEEL AVE SW
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
2
1595 ft2
2007
1959 GOMEZ DR SW
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
3
2
1140 ft2
1989
6 BLACKBERRY LN
Rent to Own Eligible
 
Single Family Home
Los Lunas, NM 87031
4
1
3496 ft2
2004
1 of 40 3602 STATE HIGHWAY 47
Rent to Own Eligible
 
Single Family Home
Peralta, NM 87042
3
2
1699 ft2
1982
550 ESPERANZA DR
Rent to Own Eligible
 
Single Family Home
Bosque Farms, NM 87068
5
4
4964 ft2
2007
615 COUNTRY LN
Rent to Own Eligible
 
Single Family Home
Bosque Farms, NM 87068
3
2
2592 ft2
1984
New
14 CASITAS DEL RIO
Rent to Own Eligible
 
Single Family Home
Belen, NM 87002
3
1
2215 ft2
1998
New
616 CAMPANA DR
Rent to Own Eligible
 
Single Family Home
Belen, NM 87002
3
2
1520 ft2
1948
6824 ISLETA BLVD SW
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
2
1
984 ft2
1936
820 SALIDA SANDIA SW
Rent to Own Eligible
Mountain View
Single Family Home
Albuquerque, NM 87105
3
3
4320 ft2
1993
1 of 31 6623 MESA VIEW DR SW
Rent to Own Eligible
Western Terrace
Single Family Home
Albuquerque, NM 87121
4
2
1662 ft2
1964
906 CRENSHAW CT
Rent to Own Eligible
 
Single Family Home
Rio Communities, NM 87002
3
2
1934 ft2
1984
6225 COORS BLVD SW
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87121
3
1
1508 ft2
1946
New
6127 ALVIS CIR SW
Rent to Own Eligible
Pajarito Village
Single Family Home
Albuquerque, NM 87105
4
1
3497 ft2
1978
1 of 28 2612 OKEEFE AVE SE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
2
1694 ft2
2021
2301 GANDERT AVE SE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
2
1261 ft2
2014
New
1 of 84 5727 STRAND LOOP SE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
3
3
1775 ft2
2016
1 of 36 5700 STRAND LOOP SE
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87106
4
3
2192 ft2
2014
3150 RIO BRAVO BLVD SW
Rent to Own Eligible
Sun Star
Single Family Home
Albuquerque, NM 87105
3
4
2874 ft2
1997
New
3022 AARON CT SW
Rent to Own Eligible
 
Single Family Home
Albuquerque, NM 87105
2
1
1144 ft2
1951
9828 SHIRAZ RD SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
3
3
1880 ft2
2006
New
1946 SHADETREE DR SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
3
2
1864 ft2
2001
1309 DEL MONTE TRL SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
2
1
1012 ft2
1965
1 of 10 8804 SHONE ST SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
3
2
1188 ft2
1977
1 of 28 2202 ROSENDO GARCIA RD SW
Rent to Own Eligible
South Atrisco
Single Family Home
Albuquerque, NM 87105
2
1
999 ft2
1955
New
1 of 62 708 TORRETTA DR SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
4
2
2306 ft2
2006
6 Jarales Ln
Rent to Own Eligible
 
Single Family Home
Belen, NM 87002
4
2
2140 ft2
1993
435 DESERT TREE DR SW
Rent to Own Eligible
Southwest Albuquerque
Single Family Home
Albuquerque, NM 87121
3
2
1078 ft2
2001
1802 EDITH BLVD SE
Rent to Own Eligible
South Broadway
Single Family Home
Albuquerque, NM 87102
2
1
1058 ft2
1930
753 OLD COORS DR SW
Rent to Own Eligible
Crestview Bluff
Single Family Home
Albuquerque, NM 87121
3
1
1350 ft2
1959
1 of 11 519 DESERT DR SW
Rent to Own Eligible
Crestview Bluff
Single Family Home
Albuquerque, NM 87105
3
2
1352 ft2
1945
New
6204 GONZALES RD SW
Rent to Own Eligible
Alamosa
Single Family Home
Albuquerque, NM 87121
2
2
1420 ft2
1962
1704 PRINCETON DR SE
Rent to Own Eligible
Victory Hills
Single Family Home
Albuquerque, NM 87106
4
1
1092 ft2
1954
1105 BROADWAY BLVD SE
Rent to Own Eligible
South Broadway
Single Family Home
Albuquerque, NM 87102
2
1
1160 ft2
1905
New
1631 PRINCETON DR SE
Rent to Own Eligible
Victory Hills
Single Family Home
Albuquerque, NM 87106
4
2
3084 ft2
1960
430 57TH ST SW
Rent to Own Eligible
Alamosa
Single Family Home
Albuquerque, NM 87121
2
1
900 ft2
1946
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Buying a Home in Los Lunas, NM

Los Lunas, NM is seeing rapid growth and Los Lunas, NM's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Los Lunas, NM is part of Valencia county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Valencia is 0.58% which is below the national average, which is 0.99%.

Median Home Price in Los Lunas, NM

Median Rent in Los Lunas, NM

Rent to own homes offer low monthly payments and flexible terms.

Los Lunas, NM

It's a great place to stay active! Los Lunas is home to the most well-equipped skate park in all of Valencia County. The 15,000 square-foot facility, located within Heritage Park, boasts high-end sculptured surfaces for use by BMX riders, in-line skaters and skateboarders. Shade zones and picnic areas are abundant nearby for enjoying an all-day excursion. For those who just don't want to stop moving, another great option is the Bust a Move Dance Center where everyone can sign up for classes in hip hop, jazz dance and ballet.

Los Lunas is affordable! Rent to own homes are available for prices ranging from $800 to $1,500 per month and apartments have an average rental price of $500 to $900 per month. It's easy to come to Los Lunas and take a look around at rental homes because Albuquerque International Airport is located only 20 minutes away. Easy access from the airport to Los Lunas is provided by the New Mexico Rail Runner Express and Rio Metro Bus service.

History is alive here! Tome Hill is a famous local tourist attraction that draws many hikers to explore under New Mexico's warm, blue sky. A climb to the summit of this hill rewards hikers with territorial views of the valley, as well as a chance to view over a thousand ancient petroglyphs carved into the rock walls along the way. For a spectacular dinner after your hill climb, you can stop at the historic Luna Mansion restaurant. This steakhouse is located in a grand pillared mansion where the atmosphere is as rich and unique as the cuisine.

Home prices in Los Lunas are easy on the wallet! In the most recent quarter for which data is available, the median house price in Los Lunas is below $140,000. The cost of living in Los Lunas is 93 percent of the U.S. national average and the median property tax is just $1,366 per year. Visiting Los Lunas to view available homes is easy with the availability of lodgings at Days Inn Los Lunas or Los Lunas Inn and Suites.