Cheap Apartments for Rent in the Alvarado Park Neighborhood of Albuquerque, NM from $400 (63 Rentals)

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

property at 209 Texas St NE

209 Texas St NE

AlbuquerqueNM87108
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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
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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
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Donna Ann Apartments
1 to 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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420 Jefferson St NE
1 to 2 Bedroom Apartments

420 Jefferson St NE

420 Jefferson St NEAlbuquerque, NM 87108
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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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The Villas @ Uptown
Studio to 3 Bedroom Apartments

The Villas @ Uptown

6230 Indian School Rd NEAlbuquerque, NM 87110
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Sun Apartments
1 Bedroom Apartments

Sun Apartments

433-437 Mesilla St SEAlbuquerque, NM 87108
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Nova Ridge
Studio to 2 Bedroom Apartments

Nova Ridge

1311 Louisiana Blvd NEAlbuquerque, NM 87110
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Hilltop House
Studio to 1 Bedroom Apartments

Hilltop House

5700 Copper Ave NEAlbuquerque, NM 87108
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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 1 Bed unit found at 509 Girard Terrace Apartments priced from $559. 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
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$559
The Villas @ UptownStudio ClassicStudio,1BA$700
Casa dos SantosStudio 520Studio,1BA$800
Nova Point Gated Community0BR/1.0BAStudio,1BA$800
Nova Peak1BR/1.0BA1BR,1BA$800
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$823
Encanto Lofts ApartmentsJuniper - Junior One Bedroom One BathStudio,1BA$824
Rock CreekStudioStudio,1BA$845
444 Florida Playa del Sol1 Bedroom / 1 Bath1BR,1BA$899

Best Value Apartments for Rent in Alvarado Park, NM

As of November 09, 2025 the best value apartment in the Alvarado Park area is the $1.43 price per square foot Renovated 2-Bedroom A Model at Glo Apartments in the in the Netherwood Park neighborhood starting from $1,496. The second greatest value Alvarado Park apartment is the 2 Bed, 1 Bath Model at Gracey's Nation - Palomas Community starting at $1,100 with a $1.35 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.
Glo ApartmentsRenovated 2-Bedroom A2BR,2BA$1.43
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.35
200 Tennessee St NE, Unit 200 A200 Tennessee St NE1BR,1BA$0.94
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.30
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86
Nova View1BR/1.0BA1BR,1BA$1.46
444 Florida Playa del Sol1 Bedroom / 1 Bath1BR,1BA$1.47

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 #170

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!

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 $899.

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

The cheapest apartment in Alvarado Park is 509 Girard Terrace Apartments which is listed at $559, while the average apartment in Alvarado Park costs $1,525.

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 21 regular apartments in Alvarado Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.