Cheap Apartments for Rent in the Balloon Fiesta Park Neighborhood of Albuquerque, NM from $800 (28 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
$807 - $2,069
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$807 - $2,069

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Studio to 2 Bedroom Apartments Available Now

Union 505

801 Locust Pl NEAlbuquerque, NM 87102
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Valley Apartments
Rent Specials
$924 - $1,779
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$924 - $1,779

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1 to 3 Bedroom Apartments Available Now

Valley Apartments

1812 Indian School Rd NWAlbuquerque, NM 87104
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Eagle Point Apartments
Rent Specials
$947 - $1,751
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$947 - $1,751

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Studio to 2 Bedroom Apartments Available Now

Eagle Point Apartments

4401 Morris St NEAlbuquerque, NM 87111
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Tesota Morningside
Rent Specials
$972 - $1,385
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$972 - $1,385

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1 to 2 Bedroom Apartments Available Now

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Arrowhead Pointe
$1,013 - $1,413
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$1,013 - $1,413

Total Monthly Price
$1,013 - $1,413
1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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Copper Hills
Rent Specials
$1,049 - $1,253
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$1,049 - $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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Milo
Rent Specials
$1,085 - $1,511
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$1,085 - $1,511

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1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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Odyssey Apartments
Rent Specials
$1,138 - $1,919
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$1,138 - $1,919

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Studio to 3 Bedroom Apartments Available Now

Odyssey Apartments

10600 Cibola Loop NWAlbuquerque, NM 87114
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Calero
$1,175 - $2,499
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$1,175 - $2,499

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1 to 3 Bedroom Apartments Available Now

Calero

8000 Montgomery Blvd NEAlbuquerque, NM 87109
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Sun Plaza
$1,185 - $1,867
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$1,185 - $1,867

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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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Aydan
$1,210 - $2,001
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$1,210 - $2,001

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1 to 2 Bedroom Apartments Available Now

Aydan

6000 Montano Plaza Dr NWAlbuquerque, NM 87120
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Glo Apartments
$1,211 - $2,192
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$1,211 - $2,192

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Studio to 2 Bedroom Apartments Available Now

Glo Apartments

3901 Indian School Rd NEAlbuquerque, NM 87110
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AYA ABQ
$1,268 - $4,533
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$1,268 - $4,533

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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Uptown Square
$1,386 - $1,636
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Total Monthly Price

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$1,386 - $1,636

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Studio to 2 Bedroom Apartments Available Now

Uptown Square

7000 Phoenix Ave NEAlbuquerque, NM 87110
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Diamond Mesa
$1,400 - $9,154
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$1,400 - $9,154

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1 to 4 Bedroom Apartments Available Now

Diamond Mesa

2300 Diamond Mesa Trl SWAlbuquerque, NM 87121
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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.

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 $807. Eagle Point Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $947. Here are the most affordable Balloon Fiesta Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$807
Eagle Point ApartmentsPiquinStudio,1BA$947
Tesota MorningsideA1A1BR,1BA$972
Dorado HeightsAStudio,1BA$1,000
Acacia GardensZuni Classic1BR,1BA$1,000
Woodberry Heights1x1A1BR,1BA$1,000
Sunset PointeSM1X11BR,1BA$1,045
Copper Hills2x12BR,1BA$1,053
Valley ApartmentsAzure Platinum1BR,1BA$1,059
Arrowhead Pointe1x1 Junior1BR,1BA$1,072

Best Value Apartments for Rent in Balloon Fiesta Park, NM

As of August 14, 2026 the best value apartment in the Balloon Fiesta Park area is the $1.53 price per square foot Geneva Model at Las Mananitas Apartments in the in the Northwest Quadrant neighborhood starting from $2,135. The second greatest value Balloon Fiesta Park apartment is the B7 Model at The Aubry starting at $1,818 with a $1.50 price per square foot in the Northwest Quadrant 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.
Las Mananitas ApartmentsGeneva3BR,2BA$1.53
The AubryB72BR,2BA$1.50
QuincyPine Renovated2BR,2BA$1.55
Copper Hills2x22BR,2BA$1.18
Resort at Sandia Village2 bed 2 bath2BR,2BA$1.58
Uptown Square1x1_9051BR,1BA$1.53
Allegro at Tanoan1 Bedroom 1 Bath1BR,1BA$1.61
MiloMadrid Platinum1BR,1BA$1.45
Sunset PointeSM1X11BR,1BA$1.45
Tesota MorningsideA1A1BR,1BA$1.66

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 #13

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 $807.

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 $904 at Union 505.

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 $1,053 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 Odyssey Apartments and starts from $1,680.

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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