Cheap Apartments for Rent in the Baloon Fiesta Park Neighborhood of Albuquerque, NM from $600 (34 Rentals)

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

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Desert Creek Apartments
Rent Specials
$735 - $2,377
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$735 - $2,377

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Studio to 3 Bedroom Apartments Available Now

Desert Creek Apartments

4300 Pan American Fwy NEAlbuquerque, NM 87107
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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 - $1,330
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$952 - $1,330

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1 to 2 Bedroom Apartments Available Now

Tesota Morningside

3958 Montgomery Blvd NEAlbuquerque, NM 87109
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Milo
Rent Specials
$1,001 - $1,388
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$1,001 - $1,388

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1 to 2 Bedroom Apartments Available Now

Milo

4217 Louisiana Blvd NEAlbuquerque, NM 87109
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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.

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Sun Plaza
Rent Specials
$1,134 - $1,714
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$1,134 - $1,714

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1 to 3 Bedroom Apartments Available Now

Sun Plaza

4400 Montgomery Blvd NEAlbuquerque, NM 87109
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AYA ABQ
Rent Specials
$1,140 - $4,104
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$1,140 - $4,104

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1 to 2 Bedroom Apartments Available Now

AYA ABQ

5324 San Mateo Blvd NEAlbuquerque, NM 87109
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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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Calero
$1,153 - $2,021
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$1,153 - $2,021

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1 to 3 Bedroom Apartments Available Now

Calero

8000 Montgomery Blvd NEAlbuquerque, NM 87109
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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
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Lincoln Place
Studio to 2 Bedroom Apartments

Lincoln Place

4401 San Pedro Dr NEAlbuquerque, NM 87109
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Paseo Del Sol
1 to 3 Bedroom Apartments

Paseo Del Sol

291 El Pueblo Rd NWAlbuquerque, NM 87114
  • Utilities Included

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

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Baloon Fiesta Park, Albuquerque, NM Local Guide

Cheapest Available Baloon Fiesta Park Apartments for Rent

 

The cheapest available apartment rental in the Baloon Fiesta Park area of Albuquerque, NM is a Studio unit found at Desert Creek Apartments priced from $735. Via Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $864. Here are the most affordable Baloon Fiesta Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Desert Creek ApartmentsSRO-Sleeping room onlyStudio,1BA$735
Via Apartments1 bedroom 1 bathroom TC1BR,1BA$864
Candlelight SquareDesert Willow1BR,1BA$895
Montecito1BD, 1BTH A1BR,1BA$900
Sunchase ApartmentsJr 1x11BR,1BA$905
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$914
Canyon Crest1 Bedroom 1 Bathroom1BR,1BA$926
El Paseo ApartmentsOne-Bedroom1BR,1BA$956
North Park ApartmentsBirch1BR,1BA$985
Chelsea Village ApartmentsKaloSolo-Premium1BR,1BA$1,000

Best Value Apartments for Rent in Baloon Fiesta Park, NM

As of May 20, 2026 the best value apartment in the Baloon Fiesta Park area is the $1.40 price per square foot 3BR/2.5BA Model at Horizon Village in the in the Baloon Fiesta Park neighborhood starting from $2,850. The second greatest value Baloon Fiesta Park apartment is the Two Bedroom One Bath Model at The Lakes starting at $1,320 with a $1.48 price per square foot in the Baloon Fiesta Park neighborhood. Here is today’s list of the best values for Baloon Fiesta Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horizon Village3BR/2.5BA3BR,2.5BA$1.40
The LakesTwo Bedroom One Bath2BR,1BA$1.48
Tesota MorningsideB2AR2BR,1BA$1.44
1/2 OFF FIRST MONTHS RENT1BR/1.0BA1BR,1BA$1.42
Desert WillowSonoma2BR,2BA$1.37
Sunset PointeSM1X11BR,1BA$1.45
Woodberry Heights1x1C1BR,1BA$1.45
Via Apartments1 bedroom 1 bathroom Renovated1BR,1BA$1.53
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1.59
North Park ApartmentsBirch1BR,1BA$1.54

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.

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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
Baloon Fiesta Park, Albuquerque, NM

Ranked #51

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 Baloon Fiesta Park Apartments

What is a cheap apartment in Baloon Fiesta Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Baloon Fiesta Park is under $1,000.

What is the price of a cheap apartment in Baloon Fiesta Park?

The cheapest apartment in Baloon Fiesta Park is Via Apartments which is listed at $864, while the average apartment in Baloon Fiesta Park costs $1,564.

What types of apartments are the cheapest in Baloon Fiesta Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Baloon Fiesta Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Baloon Fiesta Park?

Cheap apartments in Baloon Fiesta Park have an average cost of $403 which is $1,161 cheaper than the average rent for all rentals in Baloon Fiesta Park.

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

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A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque

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Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.

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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.

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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.

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

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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.