Rainbow Lake RV Park is home to 49 RV spaces with full hookups, FREE Cable TV, 30/50-amp electric, city water, and pads under huge, shady Douglas-fir, white fir, and Ponderosa Pines. If you’re looking for RV Parks near Ruidoso, NM consider us the best choice. Rainbow Lake Cabin & RV Resort welcomes you to our Ruidoso RV Park Campground. RV Camping in New Mexico has never been so luxurious, or so conveniently located! We are just a stone’s throw from Ruidoso’s historic downtown and restaurants, and the Lincoln National Forest adjoins us for walking and hiking.