2732 Mesilla St NE
AlbuquerqueNM87110
Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Alvarado Park area of Albuquerque.
20 Chama St NE
AlbuquerqueNM87108
520 Indiana St SE
AlbuquerqueNM87108
233 Tennessee St NE
AlbuquerqueNM87108
312 Grove St NE
AlbuquerqueNM87108
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.
332 Grove St SE
AlbuquerqueNM87108
308 Virginia St NE
AlbuquerqueNM87108
310 Charleston St SE
AlbuquerqueNM87108
201 Vermont St NE, Unit B
201 Vermont St NE
AlbuquerqueNM87108
105 General Arnold St NE
AlbuquerqueNM87123
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.
close
View Me
$1,0501 Bedroom Apartments Available Jun 15
2xx Bryn Mawr Dr SE
2xx Bryn Mawr Dr SEAlbuquerque, NM 87106
close
View Me
$1,0752 Bedroom Apartments Available Now
420 Vermont St NE, Unit A1
420 Vermont St NEAlbuquerque, NM 87108
420 Rhode Island St SE
AlbuquerqueNM87108
404 Dartmouth Dr SE
AlbuquerqueNM87106
3217 Wellesley Ct NE
AlbuquerqueNM87107
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
720 Truman St NE
AlbuquerqueNM87110
Showing Results 1-16, 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 | $1,752 | $800 | $3,500 |
| Alvarado Park 3 Bedroom Homes for Rent | $2,681 | $1,750 | $7,000 |
| Alvarado Park 4 Bedroom Homes for Rent | $2,400 | $2,250 | $2,500 |
| Alvarado Park 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
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 16 rentals with your search options within a 2 mile radius of the Alvarado Park Neighborhood of Albuquerque, NM.
Explore Albuquerque
Alvarado Park, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Cinnamon Tree Apartments priced from $699. Nova Ridge has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cinnamon Tree Apartments | Studio | Studio,1BA | $699 |
| Nova Ridge | S1 | Studio,1BA | $725 |
| Nova Point Gated Community | 0BR/1.0BA | Studio,1BA | $750 |
| Comanche Wells | S1 | Studio,1BA | $783 |
| Encanto Lofts Apartments | Juniper - Studio + Den | Studio,1BA | $799 |
Best Value Apartments for Rent in Alvarado Park, NM
As of June 02, 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 KaloDuo Model at Theta Apartments starting at $1,075 with a $1.20 price per square foot in the Northwest 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 |
| Theta Apartments | KaloDuo | 2BR,2BA | $1.20 |
| Sandia Shadows | 2 Beds, 2 Baths | 2BR,2BA | $1.26 |
| 520 Tennessee St NE | 2bed/1 ba Unfurnished | 2BR,1BA | $1.39 |
| 200 Tennessee St NE, Unit 200 A | 200 Tennessee St NE | 1BR,1BA | $0.94 |
| 147 General Arnold St NE, Unit 4 | 147 General Arnold St NE | 1BR,1BA | $1.15 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.41 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.19 |
| Spacious 2 Bedroom Apartment with Private Patio | 1 bedroom 1 bathroom | 1BR,1BA | $1.28 |
| Gracey's Nation - Palomas Community | 1 Bed, 1 Bath | 1BR,1BA | $1.50 |
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 Article
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Let everyone know!
Do you know the Alvarado Park area?
If you’re an expert on all things Alvarado Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleAlvarado Park, Albuquerque, NM
Ranked #90
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 522 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $699 to $2,407. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $650 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 $650 to $7,000 with an average monthly rent of $2,085.
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.
Helpful Local Expert Guides
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.
The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.
Albuquerque Uncovered: Your Local Experts Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.
Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.
Articles, How-To's, and Tips
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.