Cheap Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $400 (115 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Elder Homestead area of Albuquerque.

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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Contact Us For Availability

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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  • Utilities Included

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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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Warren Continental
Studio to 2 Bedroom Apartments

Warren Continental

1000 Louisiana Blvd SEAlbuquerque, NM 87108
Furnished
  • Utilities Included
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3409 Crest Ave SE
1 Bedroom Apartments

3409 Crest Ave SE

3409 Crest Ave SEAlbuquerque, NM 87106
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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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Elder Homestead, Albuquerque, NM Local Guide

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 at 950 priced from $645. 501 Texas Street NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Elder Homestead apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
501 Texas Street NE1BR/1.0BA1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
Home @ Valencia1bd/1ba1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Cinnamon Tree ApartmentsStudioStudio,1BA$724
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$750
Nova Point Gated Community0/1Studio,1BA$775
Madeira Flats- Utilities Included!STUStudio,1BA$775
Vail Manor ApartmentsStudioStudio,1BA$790

Best Value Apartments for Rent in Elder Homestead, NM

As of August 15, 2026 the best value apartment in the Elder Homestead area is the $1.08 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,311. The second greatest value Elder Homestead apartment is the 3 bed/ 1 bath Model at 328 Rhode Island (New) St NE starting at $1,199 with a $1.26 price per square foot in the Towne Park neighborhood. Here is today’s list of the best values for Elder Homestead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen RidgeFour Bedroom Two Bath4BR,2BA$1.08
328 Rhode Island (New) St NE3 bed/ 1 bath3BR,1BA$1.26
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.79
919-923 Alvarado2BR/1.0BA2BR,1BA$1.13
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16
501 Texas Street NE1BR/1.0BA1BR,1BA$1.21

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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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

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 $790.

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

The cheapest apartment in Elder Homestead is 501 Texas Street NE which is listed at $695, while the average apartment in Elder Homestead costs $995.

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 10 regular apartments in Elder Homestead 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 Elder Homestead?

Cheap apartments in Elder Homestead have an average cost of $244 which is $751 cheaper than the average rent for all rentals in Elder Homestead.

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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