Cheap 1 Bedroom Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $500 (66 Rentals)

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

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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The French Quarter
Rent Specials
$915 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $995
Total Monthly Price
$915 - $995
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
Corporate Housing
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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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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property at 720 Truman St NE

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,900
Total Monthly Price
$1,300 - $1,900

1 Bedroom Homes for Rent

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720 Truman St NE

AlbuquerqueNM87110
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3409 Crest Ave SE
1 Bedroom Apartments

3409 Crest Ave SE

3409 Crest Ave SEAlbuquerque, NM 87106

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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3400 Crest Ave SE
1 Bedroom Apartments

3400 Crest Ave SE

3400-3408 Crest Ave SEAlbuquerque, NM 87106
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Warren Park Apartments
1 Bedroom Apartments

Warren Park Apartments

900 Continental Loop SEAlbuquerque, NM 87108
  • Utilities Included
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436 Utah St NE
1 Bedroom Apartments

436 Utah St NE

436 Utah St NEAlbuquerque, NM 87108
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Yucca House
1 Bedroom Apartments

Yucca House

1015 Valencia Dr SEAlbuquerque, NM 87108
  • Utilities Included
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Casa Del Rey Sur
1 Bedroom Apartments

Casa Del Rey Sur

112 Cardenas Dr NEAlbuquerque, NM 87108
  • Utilities Included

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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Fair Plaza Apartments
1 Bedroom Apartments

Fair Plaza Apartments

5901 Alice Ave NEAlbuquerque, NM 87110
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1028 Alvarado Dr
1 Bedroom Apartments

1028 Alvarado Dr

1028 Alvarado DrAlbuquerque, NM 87108
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Somerset Lofts
1 Bedroom Apartments

Somerset Lofts

700 Truman St NEAlbuquerque, NM 87110
  • Utilities Included
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Sun Apartments
1 Bedroom Apartments

Sun Apartments

433-437 Mesilla St SEAlbuquerque, NM 87108
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Espanola Apartments
1 Bedroom Apartments

Espanola Apartments

401 Espanola St SEAlbuquerque, NM 87108
  • Utilities Included
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The Valencia
1 Bedroom Apartments

The Valencia

1020 Valencia DrAlbuquerque, NM 87108
  • Utilities Included

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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Elder Homestead, Albuquerque, NM Local Guide

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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Quick Rent Budget Calculator

How much rent can you afford?

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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Best Local Schools in
Elder Homestead, Albuquerque, NM

School data provided by Great Schools

Frequently Asked Questions about Cheap Elder Homestead Apartments

What is a cheap apartment in Elder Homestead?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elder Homestead is under $840.

What is the price of a cheap apartment in Elder Homestead?

The cheapest apartment in Elder Homestead is Home @ Valencia which is listed at $695, while the average apartment in Elder Homestead costs $1,800.

What types of apartments are the cheapest in Elder Homestead?

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 32 regular apartments in Elder Homestead that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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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The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

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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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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

Written by: Lauren Harrington

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

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

Written by: Christine Leonard, Esq.

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.