Cheap Apartments for Rent in the Alvarado Park Neighborhood of Albuquerque, NM from $400 (94 Rentals)

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

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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Comanche Wells
Rent Specials
$834 - $2,869
Total Monthly Price

Total Monthly Price

Base Rent
$834 - $2,869
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
Corporate Housing
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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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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517 Adams St NE
$945
Total Monthly Price

Total Monthly Price

Base Rent
$945
Total Monthly Price
$945
1 Bedroom Apartment Available Now

517 Adams St NE

517 Adams St NEAlbuquerque, NM 87108
Cost Per Sq.Ft.
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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412 Columbia Dr SE, Unit A
$1,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025
1 Bedroom Apartment Available Now

412 Columbia Dr SE, Unit A

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Princeton Hall Apartments
Studio to 1 Bedroom Apartments

Princeton Hall Apartments

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

436 Utah St NE

436 Utah St NEAlbuquerque, NM 87108
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126 Charleston St NE
Studio to 1 Bedroom Apartments

126 Charleston St NE

126-130 Charleston St SEAlbuquerque, NM 87108
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Columbian Apartments
1 to 2 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
  • Utilities Included
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Donna Ann Apartments
1 to 2 Bedroom Apartments

Donna Ann Apartments

7905-8021 Marquette Ave NEAlbuquerque, NM 87108
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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 1 Bed unit found at 332 Grove St SE priced from $695. Nova Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsJuniper - Studio + DenStudio,1BA$764
Rock CreekStudioStudio,1BA$799
The Villas at UptownStudio UpgradeStudio,1BA$800
Tennessee Street2 Beds, 1 Baths2BR,1BA$800
Casa Dos Santos ApartmentsStudio 520Studio,1BA$845
Nova Peak Gated Community1BR/1.0BA1BR,1BA$850
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$850
Gracey's Nation - Palomas Community1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Alvarado Park, NM

As of July 05, 2026 the best value apartment in the Alvarado Park area is the $1.13 price per square foot Two Bedroom - Fully Remodeled Model at Pinon Terrace in the in the Northeast Quadrant neighborhood starting from $1,245. The second greatest value Alvarado Park apartment is the 2 Beds, 1 Baths Model at 433-437 Louisiana Blvd SE starting at $850 with a $0.89 price per square foot in the South San Pedro 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.
Pinon TerraceTwo Bedroom - Fully Remodeled2BR,1BA$1.13
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.89
328 Rhode Island (New) St NE3 bed/ 1 bath3BR,1BA$1.29
Theta ApartmentsKaloDuo-Premium2BR,2BA$1.32
Sandia Shadows2bd/2ba2BR,2BA$1.26
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
517 Adams St NE517 Adams St NE1BR,1BA$1.22
308 Virginia St NE2 Beds, 1 Baths2BR,1BA$1.21
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16

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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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 #87

Among cities in New Mexico 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!

Frequently Asked Questions about Cheap Alvarado Park Apartments

What is the Cheapest Studio apartment in Alvarado Park?

Currently the most affordable Cheap Studio Apartment in Alvarado Park is at Nova Ridge listed at $725.

How much is rent for a Cheap One Bedroom Alvarado Park Apartment?

The lowest price for a Cheap One Bedroom Alvarado Park Apartment is $695 at 332 Grove St SE.

What is the lowest price for a Cheap Two Bedroom Alvarado Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alvarado Park is starting from $800 at Tennessee Street.

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

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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.

decorative image for Albuquerque Uncovered: Your Local Experts Guide to the High Desert City article

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

Written by: Esther Lombardi

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.

decorative image for Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers article

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

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.