Ruidoso Downs is a village in Lincoln County, New Mexico, United States, located within the Lincoln National Forest. The population was 1,824 at the 2000 census and 2,560 for the 2005 census estimate. It is a suburb of Ruidoso, New Mexico and is pulled into the Ruidoso Micropolitan Statistical Area. Ruidoso Downs apartments for rent comparison page shows most up to date rent information on Ruidoso Downs apartments and houses. Rent information is obtained from multiple rental sources but we cannot guarantee their accuracy.