Cheap Apartments for Rent in the Alvarado Gardens Neighborhood of Albuquerque, NM from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alvarado Gardens area of Albuquerque.

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Valley Apartments
Rent Specials
$1,100 - $1,685
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$1,100 - $1,685

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Aydan
Rent Specials
$1,170 - $1,455
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$1,170 - $1,455

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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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Stride West
$1,189 - $2,571
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$1,189 - $2,571

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1 to 2 Bedroom Apartments Available Now

Stride West

6101 Sequoia Rd NWAlbuquerque, NM 87120
Corporate Housing
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Taylor Ranch
$1,259 - $1,609
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$1,259 - $1,609

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$1,259 - $1,609
1 to 2 Bedroom Apartments Available Now

Taylor Ranch

5601 Taylor Ranch Rd NWAlbuquerque, NM 87120
Family Friendly
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The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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Tucson Apartments
2 Bedroom Apartments

Tucson Apartments

5401-5405 Tucson Rd NWAlbuquerque, NM 87120
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Candelaria Gardens
2 Bedroom Apartments

Candelaria Gardens

820 Candelaria Rd NWAlbuquerque, NM 87107
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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5315 Yucca Cir NE
2 Bedroom Apartments

5315 Yucca Cir NE

5315 Yucca Cir NEAlbuquerque, NM 87120
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Volcanes Commons
1 to 3 Bedroom Apartments

Volcanes Commons

6901 Glenrio Rd NWAlbuquerque, NM 87121

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Alvarado Gardens, Albuquerque, NM Local Guide

Cheapest Available Alvarado Gardens Apartments for Rent

 

The cheapest available apartment rental in the Alvarado Gardens area of Albuquerque, NM is a 1 Bed unit found at Villa Hermosa priced from $958. Valley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Alvarado Gardens apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Villa HermosaThe Aztec1BR,1BA$958
Valley ApartmentsAzure Platinum1BR,1BA$1,100
AydanPinon Renovated1BR,1BA$1,170
The Artisan @ Sawmill VillageRetail SpaceStudio,$1,190
Del Rio ApartmentsAspen1BR,1BA$1,239
Taylor RanchBirch (Premium)1BR,1BA$1,259
Mesa Ridge ApartmentsThe Manzano2BR,2BA$1,274
Phoenix Apartments: Rises Above the Rest!2 bedroom 1 bath2BR,1BA$1,331
Stride Westa10ar - Renovated1BR,1BA$1,374

Best Value Apartments for Rent in Alvarado Gardens, NM

As of May 24, 2026 the best value apartment in the Alvarado Gardens area is the $2.53 price per square foot Cottage Model at Overture Andalucia 55+ Active Adult Apartment Homes in the in the Northwest Quadrant neighborhood starting from $3,995. The second greatest value Alvarado Gardens apartment is the Cordoba 1UVF Model at Andalucia Villas starting at $2,265 with a $1.49 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Alvarado Gardens apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Overture Andalucia 55+ Active Adult Apartment HomesCottage2BR,2BA$2.53
Andalucia VillasCordoba 1UVF3BR,2BA$1.49
Phoenix Apartments: Rises Above the Rest!3 bedroom 2 bath3BR,2BA$2.07
Mesa Ridge ApartmentsThe Manzano2BR,2BA$1.43
Stride Westa10ar - Renovated1BR,1BA$1.72
Del Rio ApartmentsAspen1BR,1BA$1.72
Villa HermosaThe Aztec1BR,1BA$1.37
AydanPinon Renovated1BR,1BA$1.86
Taylor RanchBirch (Premium)1BR,1BA$2.01
Valley ApartmentsAzure Platinum1BR,1BA$1.82

The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Alvarado Gardens, Albuquerque, NM

Ranked #181

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

This website compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States, including Albuquerque. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Alvarado Gardens Apartments

What is the price of a cheap apartment in Alvarado Gardens?

The cheapest apartment in Alvarado Gardens is Villa Hermosa which is listed at $958, while the average apartment in Alvarado Gardens costs $2,190.

What types of apartments are the cheapest in Alvarado Gardens?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Alvarado Gardens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Alvarado Gardens?

Cheap apartments in Alvarado Gardens have an average cost of $474 which is $1,716 cheaper than the average rent for all rentals in Alvarado Gardens.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque

Written by: Esther Lombardi

Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

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Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

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I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.