Cheap Apartments for Rent in the Balloon Fiesta Park Neighborhood of Albuquerque, NM from $700 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Balloon Fiesta Park area of Albuquerque.

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Union 505
Rent Specials
$756 - $2,747
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$756 - $2,747

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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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Copper Hills
Rent Specials
$949 - $1,253
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$949 - $1,253

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1 to 2 Bedroom Apartments Available Now

Copper Hills

4200 Spanish Bit NEAlbuquerque, NM 87111
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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.

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Tesota Morningside
Rent Specials
$952 - $1,365
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$952 - $1,365

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1 to 2 Bedroom Apartments Available Jul 17

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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Valley Apartments
Rent Specials
$1,003 - $1,705
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$1,003 - $1,705

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Calero
$1,003 - $1,836
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$1,003 - $1,836

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1 to 3 Bedroom Apartments Available Now

Calero

8000 Montgomery Blvd NEAlbuquerque, NM 87109
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Arrowhead Pointe
$1,013 - $1,373
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$1,013 - $1,373

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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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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.

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AYA ABQ
Rent Specials
$1,015 - $4,158
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$1,015 - $4,158

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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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Milo
Rent Specials
$1,039 - $1,403
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$1,039 - $1,403

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1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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Odyssey Apartments
$1,054 - $1,963
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$1,054 - $1,963

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Studio to 3 Bedroom Apartments Available Now

Odyssey Apartments

10600 Cibola Loop NWAlbuquerque, NM 87114
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Sun Plaza
Rent Specials
$1,160 - $3,564
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$1,160 - $3,564

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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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Cash 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.

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The Aubry
$1,207 - $3,811
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$1,207 - $3,811

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1 to 3 Bedroom Apartments Available Now

The Aubry

9180 Coors Rd NWAlbuquerque, NM 87120
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Aydan
Rent Specials
$1,220 - $1,472
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$1,220 - $1,472

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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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Quincy
Rent Specials
$1,255 - $1,868
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$1,255 - $1,868

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1 to 3 Bedroom Apartments Available Now

Quincy

5905 Tierra Antigua St NEAlbuquerque, NM 87111
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Glo Apartments
$1,260 - $1,900
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$1,260 - $1,900

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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
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Balloon Fiesta Park, Albuquerque, NM Local Guide

Cheapest Available Balloon Fiesta Park Apartments for Rent

 

The cheapest available apartment rental in the Balloon Fiesta Park area of Albuquerque, NM is a Studio unit found at Union 505 priced from $756. Casa de Sierra Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $847. Here are the most affordable Balloon Fiesta Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$756
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$847
Dorado HeightsAStudio,1BA$925
Acacia GardensTaos Deluxe 11BR,1BA$930
Copper Hills1x11BR,1BA$949
Eagle Point ApartmentsPiquinStudio,1BA$967
Arrowhead PointeStudio1BR,1BA$1,013
Sunset PointeSM1X11BR,1BA$1,045
Odyssey ApartmentsStudioStudio,1BA$1,054
Woodberry Heights1x1C1BR,1BA$1,055

Best Value Apartments for Rent in Balloon Fiesta Park, NM

As of June 25, 2026 the best value apartment in the Balloon Fiesta Park area is the $1.70 price per square foot 2 Bedroom 2 Bath Model at Allegro at Tanoan in the in the Foothills neighborhood starting from $1,699. The second greatest value Balloon Fiesta Park apartment is the Two Bedroom Model at Casa de Sierra Senior Apartments starting at $1,284 with a $1.35 price per square foot in the South San Pedro neighborhood. Here is today’s list of the best values for Balloon Fiesta Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Allegro at Tanoan2 Bedroom 2 Bath2BR,2BA$1.70
Casa de Sierra Senior ApartmentsTwo Bedroom2BR,2BA$1.35
Uptown Square1x1_9051BR,1BA$1.53
Broadstone Heights1x1-8801BR,1BA$1.59
The AubryA71BR,1BA$1.50
MiloMadrid Platinum1BR,1BA$1.65
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1C1BR,1BA$1.47
Copper Hills1x11BR,1BA$1.36
Calero1X1 Reno1BR,1BA$1.57

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.

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Real 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.

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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 Lifestyle
Balloon Fiesta Park, Albuquerque, NM

Ranked #11

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Balloon Fiesta Park Apartments

What is the Cheapest Studio apartment in Balloon Fiesta Park?

Currently the most affordable Cheap Studio Apartment in Balloon Fiesta Park is at Union 505 listed at $756.

How much is rent for a Cheap One Bedroom Balloon Fiesta Park Apartment?

The lowest price for a Cheap One Bedroom Balloon Fiesta Park Apartment is $847 at Casa de Sierra Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Balloon Fiesta Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balloon Fiesta Park is starting from $999 at Copper Hills.

What is the most affordable Balloon Fiesta Park Three Bedroom Apartment?

The best deal on a cheap Balloon Fiesta Park Three Bedroom Apartment rental is at The Aspens and starts from $1,595.

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.

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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