Cheap Apartments for Rent in the Baloon Fiesta Park Neighborhood of Albuquerque, NM from $500 (28 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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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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Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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San Mateo Suites
Studio Apartments

San Mateo Suites

5001 San Mateo Ln NEAlbuquerque, NM 87109
  • Utilities Included
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Paseo Del Sol
1 to 3 Bedroom Apartments

Paseo Del Sol

291 El Pueblo Rd NWAlbuquerque, NM 87114
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 $574. Candlelight Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $823. 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$574
Candlelight SquareDesert Willow1BR,1BA$823
San Pedro VillageAcoma StudioStudio,1BA$855
Canyon Crest0 Bedroom 1 BathroomStudio,1BA$860
Via ApartmentsStudio TCStudio,1BA$901
Cloverleaf ApartmentsFurnished StudioStudio,1BA$950
Mont 44 Apartments1 Bedroom, 1 Bathroom TC1BR,1BA$964
Montecito0BD, 1BTH Studio,1BA$966
Calero1X1 Reno1BR,1BA$967
North Park ApartmentsBirch1BR,1BA$985

Best Value Apartments for Rent in Baloon Fiesta Park, NM

As of July 12, 2025 the best value apartment in the Baloon Fiesta Park area is the $1.66 price per square foot 3x2 (Medium) Model at Horizon Village Rental Homes in the in the Baloon Fiesta Park neighborhood starting from $2,875. The second greatest value Baloon Fiesta Park apartment is the B1 Model at Casa Tierra starting at $1,415 with a $1.49 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 Village Rental Homes3x2 (Medium)3BR,2BA$1.66
Casa TierraB12BR,1BA$1.49
ArterraVadara1BR,1BA$1.64
Chelsea Village ApartmentsKaloDuo-Premium2BR,1BA$1.66
MiloMadrid Platinum1BR,1BA$1.42
Peaks at Los RanchosDesert Breeze Renovated1BR,1BA$1.59
Calero1X1 Reno1BR,1BA$1.44
North Park ApartmentsBirch1BR,1BA$1.54
Candlelight SquareDesert Willow1BR,1BA$1.29
Canyon Crest0 Bedroom 1 BathroomStudio ,1BA$1.53

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Pet Friendly Lifestyle
Baloon Fiesta Park, Albuquerque, NM

Ranked #47

Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Baloon Fiesta Park Neighborhood in Albuquerque, NM

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $985.

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

The cheapest apartment in Baloon Fiesta Park is Candlelight Square which is listed at $823, while the average apartment in Baloon Fiesta Park costs $1,958.

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 29 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 $219 which is $1,739 cheaper than the average rent for all rentals in Baloon Fiesta Park.

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.

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.