Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $700 (24 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 Studio unit found at The Villas @ Uptown priced from $700. 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 ListingModel NameBed/BathPriced From
The Villas @ UptownStudio ClassicStudio,1BA$700
Nova RidgeS1Studio,1BA$725
Encanto Lofts ApartmentsYucca - StudioStudio,1BA$729
Comanche WellsS1Studio,1BA$745
Nova PointS1 - StudioStudio,1BA$775

Best Value Apartments for Rent in Alvarado Park, NM

As of July 31, 2025 the best value apartment in the Alvarado Park area is the $1.28 price per square foot B2 Model at Nova View in the in the Northeast Quadrant neighborhood starting from $1,200. The second greatest value Alvarado Park apartment is the 2BR/1.5BA Model at Nob Hill Apartments starting at $1,400 with a $1.61 price per square foot in the Netherwood Park 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.
Nova ViewB22BR,1BA$1.28
Nob Hill Apartments2BR/1.5BA2BR,1.5BA$1.61
Villa EsperanzaTwo Bedroom One and a Half Bath2BR,1BA$1.37
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
Villas Del Cielo1 Bedroom1BR,1BA$1.45
Zodiac Apartments2BR/1.0BA2BR,1BA$1.71
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.33
Pine Park Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.65
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
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 507 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $625 to $82,500. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $750 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 $750 to $7,500 with an average monthly rent of $2,011.

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 $3,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,900 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.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.