Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $700 (26 Rentals)

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

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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 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 UpgradeStudio,1BA$700
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$729
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$781
Nova PointeS1 - StudioStudio,1BA$800
Casa dos SantosStudio 520Studio,1BA$800
Comanche WellsS1Studio,1BA$806
Uptown HorizonStudioStudio,1BA$824
Rock CreekStudioStudio,1BA$845

Best Value Apartments for Rent in Alvarado Park, NM

As of September 20, 2025 the best value apartment in the Alvarado Park area is the $1.26 price per square foot KaloDuo-Premium Model at Theta Apartments in the in the Northwest Quadrant neighborhood starting from $1,125. The second greatest value Alvarado Park apartment is the One Bedroom - Fully Remodeled Model at Pinon Terrace starting at $1,095 with a $1.37 price per square foot in the Northeast 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.
Theta ApartmentsKaloDuo-Premium2BR,2BA$1.26
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.19
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
Villas Del Cielo1 Bedroom1BR,1BA$1.45
8413 Marquette Ave NE, Unit A8413 Marquette Ave NE2BR,1BA$1.33
8300 Marquette Ave NE, Unit A8300 Marquette Ave NE2BR,1BA$1.27
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.30
509 Girard Terrace Apartments509 Girard Blvd SE K1BR,1BA$0.86

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Pet Friendly Lifestyle
Alvarado Park, Albuquerque, NM

Ranked #246

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 506 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $559 to $82,500. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $795 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 $795 to $7,500 with an average monthly rent of $2,034.

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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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.