Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $600 (13 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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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 The Villas @ Uptown priced from $700. Cinnamon Tree has the second lowest priced unit, which is a Studio apartment currently listed from $727. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Villas @ UptownStudio UpgradeStudio,1BA$700
Cinnamon TreeStudio RenovatedStudio,1BA$727
Nova PointS1 - StudioStudio,1BA$775
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$781
Encanto Lofts ApartmentsJuniper - Junior One Bedroom One Bath1BR,1BA$799

Best Value Apartments for Rent in Alvarado Park, NM

As of May 29, 2025 the best value apartment in the Alvarado Park area is the $1.41 price per square foot Four Bedroom Two Bath Model at Villa Esperanza in the in the Northwest Quadrant neighborhood starting from $1,586. The second greatest value Alvarado Park apartment is the Monte Vista Model at Broadstone Nob Hill starting at $1,999 with a $1.78 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.
Villa EsperanzaFour Bedroom Two Bath4BR,1BA$1.41
Broadstone Nob HillMonte Vista2BR,2BA$1.78
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.60
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
Villas Del Cielo1 Bedroom1BR,1BA$1.45
Glo Apartments1-Bedroom1BR,1BA$1.63
Zodiac Apartments2BR/1.0BA2BR,1BA$1.71
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
444 Florida Playa del Sol1 Bed / 1 Bath Remodel1BR,1BA$1.47
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

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Frequently Asked Questions about Alvarado Park

What type of rentals are currently available in Alvarado Park?

There are currently 520 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $642 to $4,592. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $600 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 $600 to $7,500 with an average monthly rent of $1,812.

How much are larger Three and Four Bedroom Rentals in Alvarado Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alvarado Park range from $1,200 to $3,074, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,591.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.