Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $500 (19 Rentals)

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

property at 419 Dallas St SE

419 Dallas St SE

AlbuquerqueNM87108
Showing Results 1-19, Page 1 of 1

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

Best Value Apartments for Rent in Alvarado Park, NM

As of November 11, 2025 the best value apartment in the Alvarado Park area is the $1.49 price per square foot 2BR/1.5BA Model at Nob Hill Apartments in the in the Netherwood Park neighborhood starting from $1,300. 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.
Nob Hill Apartments2BR/1.5BA2BR,1.5BA$1.49
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.35
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
Villas Del Cielo1 Bedroom1BR,1BA$1.41
Glo ApartmentsRenovated 1-Bedroom1BR,1BA$1.45
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
Nova Peak1BR/1.0BA1BR,1BA$1.50

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Pet Friendly Lifestyle
Alvarado Park, Albuquerque, NM

Ranked #138

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

Frequently Asked Questions about Alvarado Park

What type of rentals are currently available in Alvarado Park?

There are currently 507 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $559 to $3,943. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $550 to $7,500.

What is the current price range for Rental Homes in Alvarado Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alvarado Park ranges from $550 to $7,500 with an average monthly rent of $2,042.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

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.