2901 Carlisle Blvd NE
AlbuquerqueNM87110
Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Alvarado Park area of Albuquerque.
131 General Arnold St NE
AlbuquerqueNM87123
310 Charleston St SE
AlbuquerqueNM87108
201 Vermont St NE, Unit B, Unit B
201 Vermont St NE
AlbuquerqueNM87108
105 General Arnold St NE
AlbuquerqueNM87123
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
3528 Tyson Pl NE
AlbuquerqueNM87107
422 Rhode Island St SE
AlbuquerqueNM87108
404 Dartmouth Dr SE
AlbuquerqueNM87106
3301 Monroe St NE
AlbuquerqueNM87110
219 Girard Blvd SE
AlbuquerqueNM87106
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.
529 Indiana St SE
AlbuquerqueNM87108
Showing Results 1-11, Page 1 of 1
Alvarado Park, Albuquerque, NM Local Guide
How much does it cost to rent a home in Alvarado Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alvarado Park 2 Bedroom Homes for Rent | $1,845 | $750 | $3,500 |
| Alvarado Park 3 Bedroom Homes for Rent | $2,647 | $1,500 | $7,000 |
| Alvarado Park 4 Bedroom Homes for Rent | $2,244 | $2,189 | $2,300 |
| Alvarado Park 5 Bedroom Homes for Rent | $2,695 | $2,695 | $2,695 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Alvarado Park Neighborhood of Albuquerque, NM.
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Alvarado Park, Albuquerque, NM Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Nova Ridge | S1 | Studio,1BA | $725 |
| Nova Point Gated Community | 0BR/1.0BA | Studio,1BA | $750 |
| The Villas @ Uptown | Studio Upgrade | Studio,1BA | $800 |
| Spacious 2 Bedroom Apartment with Private Patio | 1 bedroom 1 bathroom | 1BR,1BA | $829 |
| Encanto Lofts Apartments | Aspen - One Bedroom One Bath | 1BR,1BA | $835 |
Best Value Apartments for Rent in Alvarado Park, NM
As of April 16, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinon Terrace | Two Bedroom - Fully Remodeled | 2BR,1BA | $1.13 |
| 417 Princeton Dr. SE, Unit "B" | 417 Princeton Dr. SE | 1BR,1BA | $1.33 |
| Theta Apartments | KaloDuo | 2BR,2BA | $1.20 |
| 520 Tennessee St NE | 2bed/1 ba Unfurnished | 2BR,1BA | $1.39 |
| Uptown Square | 1x1_824 | 1BR,1BA | $1.45 |
| Villa Esperanza | Two Bedroom One and a Half Bath | 2BR,1BA | $1.54 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.41 |
| 147 General Arnold St NE, Unit 4 | 147 General Arnold St NE | 1BR,1BA | $1.15 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.41 |
| 329 Alcazar St NE, Unit 2 | 329 Alcazar St NE | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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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 LifestyleAlvarado Park, Albuquerque, NM
Ranked #106
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 520 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $674 to $5,442. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $750 to $7,000.
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 $750 to $7,000 with an average monthly rent of $2,150.
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 $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,189 and Four Bedroom Apartments start at $2,400.
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.
Articles, How-To's, and Tips
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.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.