
Cheap Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elder Homestead area of Albuquerque.


Total Monthly Price
Cinnamon Tree

White Oak Apartments

Brandywood Park Apartments

408 Pennsylvania St SE

515 Valencia Dr SE

Total Monthly Price
Las Brisas

Vail Manor Apartments

4849 Gibson Blvd SE
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Nova Point

Warren Continental

3409 Crest Ave SE

Virginia Rose Apartments

3400 Crest Ave SE

209 Charleston St NE

Warren Park Apartments

436 Utah St NE

7900-7904 Trumbull Ave SE
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126 Charleston St NE

217 Pennsylvania St NE

Yucca House

Casa Del Rey Sur

Patios - FREE Utilities+Standard Cable

Donna Ann Apartments

Hacienda Norte Apartments

Fair Plaza Apartments

328 Tennessee St SE
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420 Jefferson St NE

200-206 Pennsylvania St NE

1028 Alvarado Dr

Manzano

Somerset Lofts

Sun Apartments

Alvarado Apartments

Hilltop House

Mesa Hills Senior Living
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Espanola Apartments

Ortiz Casa dos Santos

Skylight Apartments
Elder Homestead, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Elder Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elder Homestead Studio Apartments | $849 | $645 | $1,658 |
| Elder Homestead 1 Bedroom Apartments | $1,021 | $716 | $1,890 |
| Elder Homestead 2 Bedroom Apartments | $1,278 | $825 | $2,407 |
| Elder Homestead 3 Bedroom Apartments | $1,630 | $1,395 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Elder Homestead Neighborhood of Albuquerque, NM.
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Elder Homestead, Albuquerque, NM Local Guide
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Cheapest Available Elder Homestead Apartments for Rent
 The cheapest available apartment rental in the Elder Homestead area of Albuquerque, NM is a Studio unit found at The Loop @950 priced from $645. White Oak Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $716. Here are the most affordable Elder Homestead apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Loop @950 | 0x1 - 280 | Studio,1BA | $645 |
| White Oak Apartments | 1x1 | 1BR,1BA | $716 |
| Brandywood Park Apartments | Sailor Exterior Units | Studio,1BA | $720 |
| Las Brisas | 1 Bed, 1 Bath A (60% Income Restricted) | 1BR,1BA | $767 |
| Vail Manor Apartments | Studio | Studio,1BA | $790 |
| Nova Point | 0BR/1.0BA | Studio,1BA | $800 |
| Somerset Park | Studio | Studio,1BA | $822 |
| El Pueblo Apartments | Studio | Studio,1BA | $840 |
| Uptown Horizon | 1 Bedroom | 1BR,1BA | $875 |
Best Value Apartments for Rent in Elder Homestead, NM
As of March 26, 2026 the best value apartment in the Elder Homestead area is the $1.39 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,525. The second greatest value Elder Homestead apartment is the 2bed/1 ba Unfurnished Model at 520 Tennessee St NE starting at $1,200 with a $1.39 price per square foot in the South Los Altos neighborhood. Here is today’s list of the best values for Elder Homestead apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Ridge | Three Bedroom Two Bath | 3BR,2BA | $1.39 |
| 520 Tennessee St NE | 2bed/1 ba Unfurnished | 2BR,1BA | $1.39 |
| 328 Rhode Island St NE | 2 bed/ 1 bath | 2BR,1BA | $1.19 |
| 420 Mesilla St SE, Unit A | 420 Mesilla St SE | 2BR,1BA | $1.06 |
| Alvarado Square | 2/BED/1 BATH | 2BR,1BA | $1.26 |
| 147 General Arnold St NE, Unit 4 | 147 General Arnold St NE | 1BR,1BA | $1.15 |
| Villa Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| White Oak Apartments | 1x1 | 1BR,1BA | $1.03 |
| 528 Charleston St SE, Unit 3 | 528 Charleston St SE | 2BR,1BA | $1.38 |
| The Lanai Apartments | 3rd Floor 1be/1bath | 1BR,1BA | $1.38 |
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Read ArticleThe 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.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
Best Local Schools in Elder Homestead, Albuquerque, NM
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Albuquerque. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
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 $875.
What is the price of a cheap apartment in Elder Homestead?
The cheapest apartment in Elder Homestead is White Oak Apartments which is listed at $716, while the average apartment in Elder Homestead costs $1,395.
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 30 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.
Articles, How-To's, and Tips

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.

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.

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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.