Cheap Apartments for Rent in the Alvarado Park Neighborhood of Albuquerque, NM from $400 (67 Rentals)

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

property at 532 Chama St SE

532 Chama St SE

AlbuquerqueNM87108

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Princeton Hall Apartments
Studio to 1 Bedroom Apartments

Princeton Hall Apartments

318-320 Princeton Dr SEAlbuquerque, NM 87106
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436 Utah St NE
1 Bedroom Apartments

436 Utah St NE

436 Utah St NEAlbuquerque, NM 87108

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Columbian Apartments
1 Bedroom Apartments

Columbian Apartments

208 Columbia Dr SEAlbuquerque, NM 87106
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Casa Del Rey Sur
1 Bedroom Apartments

Casa Del Rey Sur

112 Cardenas Dr NEAlbuquerque, NM 87108
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Donna Ann Apartments
2 Bedroom Apartments

Donna Ann Apartments

7905-8021 Marquette Ave NEAlbuquerque, NM 87108
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Fair Plaza Apartments
1 Bedroom Apartments

Fair Plaza Apartments

5901 Alice Ave NEAlbuquerque, NM 87110
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Columbia Apartments
1 to 2 Bedroom Apartments

Columbia Apartments

205-209 Columbia Dr SEAlbuquerque, NM 87106
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Manzano
2 Bedroom Apartments

Manzano

129-149 Manzano St NEAlbuquerque, NM 87108
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Somerset Lofts
1 Bedroom Apartments

Somerset Lofts

700 Truman St NEAlbuquerque, NM 87110
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Showing Results 1-50, Page 1 of 2

Alvarado Park, Albuquerque, NM Local Guide

Cheapest Available Alvarado Park Apartments for Rent

 

The cheapest available apartment rental in the Alvarado Park area of Albuquerque, NM is a Studio unit found at Cinnamon Tree priced from $592. The Villas @ Uptown has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Cinnamon TreeStudioStudio,1BA$592
The Villas @ UptownStudio UpgradeStudio,1BA$700
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$750
Nova PointS1 - StudioStudio,1BA$775
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$781
Cedars - Free Cable & Internet*Yucca1BR,1BA$850
Rock CreekStudioStudio,1BA$855
444 Florida Playa del Sol1 Bed / 1 Bath Remodel1BR,1BA$899
Spacious Townhomes1 bed 1bath1BR,1BA$925
Comanche WellsB12BR,1BA$958

Best Value Apartments for Rent in Alvarado Park, NM

As of June 04, 2025 the best value apartment in the Alvarado Park area is the $1.41 price per square foot Four Bedroom Two Bath Model at Villa Esperanza in the in the Northwest Quadrant neighborhood starting from $1,586. The second greatest value Alvarado Park apartment is the Monte Vista Model at Broadstone Nob Hill starting at $1,999 with a $1.78 price per square foot in the Southeast Quadrant neighborhood. Here is today’s list of the best values for Alvarado Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villa EsperanzaFour Bedroom Two Bath4BR,1BA$1.41
Broadstone Nob HillMonte Vista2BR,2BA$1.78
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
Villas Del Cielo1 Bedroom1BR,1BA$1.45
Glo Apartments1-Bedroom1BR,1BA$1.73
Comanche WellsB12BR,1BA$1.32
Zodiac Apartments2BR/1.0BA2BR,1BA$1.71
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
444 Florida Playa del Sol1 Bed / 1 Bath Remodel1BR,1BA$1.47
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Alvarado Park, Albuquerque, NM

Ranked #123

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Alvarado Park, Albuquerque, NM

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for East Central Albuquerque, NM. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Alvarado Park Neighborhood in Albuquerque, NM

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

87 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Alvarado Park Apartments

What is a cheap apartment in Alvarado Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alvarado Park is under $958.

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

The cheapest apartment in Alvarado Park is Encanto Lofts Apartments which is listed at $774, while the average apartment in Alvarado Park costs $2,000.

What types of apartments are the cheapest in Alvarado Park?

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 9 regular apartments in Alvarado Park 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 Park?

Cheap apartments in Alvarado Park have an average cost of $971 which is $1,029 cheaper than the average rent for all rentals in Alvarado Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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 Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.