Cheap Apartments for Rent in the Alvarado Park Neighborhood of Albuquerque, NM from $400 (122 Rentals)

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

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Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

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Comanche Wells
Rent Specials
$812 - $2,992
Total Monthly Price

Total Monthly Price

Base Rent
$812 - $2,992
Total Monthly Price
$812 - $2,992
Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Contact Us For Availability

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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  • Customer Reviewed
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412 Columbia Dr SE
$999 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,075
Total Monthly Price
$999 - $1,075
1 Bedroom Apartment Available Now

412 Columbia Dr SE

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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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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property at 720 Truman St NE

$1,300 - $1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,900
Total Monthly Price
$1,300 - $1,900

1 To 2 Bedroom Homes for Rent

Available Now

720 Truman St NE

AlbuquerqueNM87110

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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 501 Texas Street NE priced from $695. 332 Grove St SE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
501 Texas Street NE1BR/1.0BA1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
Nova RidgeS1Studio,1BA$725
Pinewood EstatesStudioStudio,1BA$743
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$750
Rock CreekStudioStudio,1BA$750
Nova Point Gated Community0/1Studio,1BA$775
Casa Dos Santos ApartmentsStudio 520Studio,1BA$795
Encanto Lofts ApartmentsJuniper - Studio + DenStudio,1BA$799
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$799

Best Value Apartments for Rent in Alvarado Park, NM

As of August 19, 2026 the best value apartment in the Alvarado Park area is the $1.26 price per square foot 3 bed/ 1 bath Model at 328 Rhode Island (New) St NE in the in the Towne Park neighborhood starting from $1,199. The second greatest value Alvarado Park apartment is the 2 Beds, 1 Baths Model at 433-437 Louisiana Blvd SE starting at $750 with a $0.79 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.
328 Rhode Island (New) St NE3 bed/ 1 bath3BR,1BA$1.26
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.79
Theta ApartmentsKaloDuo2BR,2BA$1.18
Sandia Shadows2bd/2ba2BR,2BA$1.26
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.24
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16
501 Texas Street NE1BR/1.0BA1BR,1BA$1.21

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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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 #73

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 501 Texas Street NE.

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 $750 at 433-437 Louisiana Blvd SE.

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.

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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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