Cheap Apartments for Rent in the Alvarado Park Neighborhood of Albuquerque, NM from $400 (102 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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Comanche Wells
Rent Specials
$765 - $2,849
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $2,849
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Comanche Wells

3400 Comanche Rd NEAlbuquerque, NM 87107
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income

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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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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
  • Verified
  • Customer Reviewed
  • Utilities Included

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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

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 Studio unit found at Nova Ridge priced from $725. Nova Point Gated Community has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Nova RidgeS1Studio,1BA$725
Nova Point Gated Community0BR/1.0BAStudio,1BA$750
Rock CreekStudioStudio,1BA$799
The Villas @ UptownStudio UpgradeStudio,1BA$800
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$823
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$829
Encanto Lofts ApartmentsAspen - One Bedroom One Bath1BR,1BA$835
Casa Dos Santos ApartmentsStudio 520Studio,1BA$845
Nova Peak Gated Community1BR/1.0BA1BR,1BA$850
Sedona RidgeZuni1BR,1BA$899

Best Value Apartments for Rent in Alvarado Park, NM

As of May 21, 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 417 Princeton Dr. SE Model at 417 Princeton Dr. SE, Unit "B" starting at $1,200 with a $1.33 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.
Pinon TerraceTwo Bedroom - Fully Remodeled2BR,1BA$1.13
417 Princeton Dr. SE, Unit "B"417 Princeton Dr. SE1BR,1BA$1.33
Theta ApartmentsKaloDuo2BR,2BA$1.20
520 Tennessee St NE2bed/1 ba Unfurnished2BR,1BA$1.39
1038 Texas St NE, Unit Unit A1038 Texas St NE2BR,1BA$1.06
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.30
Spacious 2 Bedroom Apartment with Private Patio1 bedroom 1 bathroom1BR,1BA$1.28
Gracey's Nation - Palomas Community1 Bed, 1 Bath1BR,1BA$1.50
Playa Del Sol1 Bedroom / 1 Bath1BR,1BA$1.52

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 #117

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 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 $899.

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

The cheapest apartment in Alvarado Park is White Oak Apartments which is listed at $823, while the average apartment in Alvarado Park costs $2,400.

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 18 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 $173 which is $2,227 cheaper than the average rent for all rentals in Alvarado Park.

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

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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

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

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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.