307 Manzano St NE
AlbuquerqueNM87108
Cheap Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elder Homestead area of Albuquerque.
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from $645Studio to 3 Bedroom Apartments Available Now
Loop @950
950 Louisiana Blvd SEAlbuquerque, NM 87108
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from $699Studio Apartments Available Now
Brandywood Park - FREE Utilities
5851 Anderson Ave SEAlbuquerque, NM 87108
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from $707Studio to 2 Bedroom Apartments Contact Us For Availability
Cinnamon Tree
7220 Central Ave SEAlbuquerque, NM 87108
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from $7161 Bedroom Apartments Available Now
El Pueblo II Apartments
6021 Anderson Ave SEAlbuquerque, NM 87108
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Rent Specials
from $7451 to 2 Bedroom Apartments Available Now
Las Brisas
1201 San Pedro Blvd SEAlbuquerque, NM 87108
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from $7501 to 2 Bedroom Apartments Available Now
Home @ Valencia
5500 Eastern Ave SEAlbuquerque, NM 87108
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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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from $7501 Bedroom Apartment Available Now
1316 Arizona St NE, Unit Corner Bedroom
1316 Arizona St NEAlbuquerque, NM 87110
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from $7751 Bedroom Apartments Available Now
308 Rhode Island St SE
308 Rhode Island St SEAlbuquerque, NM 87108
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from $775Studio to 2 Bedroom Apartments Available Now
Nova Point
1001 Louisiana Blvd NEAlbuquerque, NM 87110
1111 Amherst Dr SE
AlbuquerqueNM87106
532 Chama St SE
AlbuquerqueNM87108
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from $8001 Bedroom Apartment Available Now
528 Charleston St SE, Unit 4
528 Charleston St SEAlbuquerque, NM 87108
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from $8251 Bedroom Apartments Contact Us For Availability
Portals
1180 Alvarado Dr SEAlbuquerque, NM 87108
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from $8502 Bedroom Apartment Available Now
420 Mesilla St SE, Unit A
420 Mesilla St SEAlbuquerque, NM 87108
604 Chama St SE
AlbuquerqueNM87108
8309 Trumbull Ave SE
AlbuquerqueNM87108
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from $8501 Bedroom Apartments Available Now
314 Rhode Island St SE
314 Rhode Island St SEAlbuquerque, NM 87108
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from $8502 Bedroom Apartment Available Now
8309 Trumbull Ave SE, Unit B
8309 Trumbull Ave SEAlbuquerque, NM 87108
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Rent Specials
from $8801 Bedroom Apartments Available Now
Somerset Park
1201 Madeira Dr SEAlbuquerque, NM 87108
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from $8991 Bedroom Apartments Contact Us For Availability
444 Florida Playa del Sol
444 Florida St SEAlbuquerque, NM 87108
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from $9002 Bedroom Apartment Available Now
200 Tennessee St NE, Unit 200 A
200 Tennessee St NEAlbuquerque, NM 87108
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from $9002 Bedroom Apartment Available Now
116 Dallas St SE, Unit C
116 Dallas St SEAlbuquerque, NM 87108
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Elder Homestead - One of the Best Affordable Neighborhoods in Albuquerque
Named as one of the Best Affordable Areas to rent in Albuquerque by our Local Expert Esther Lombardi. See how it ranks!
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1 to 2 Bedroom Apartments
Patios - FREE Utilities+Standard Cable
1116-1208 Ortiz Dr SEAlbuquerque, NM 87108
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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $862 | $595 | $1,600 |
| Elder Homestead 1 Bedroom Apartments | $1,014 | $716 | $1,882 |
| Elder Homestead 2 Bedroom Apartments | $1,306 | $795 | $2,399 |
| Elder Homestead 3 Bedroom Apartments | $1,860 | $1,275 | $2,800 |
| Elder Homestead 4 Bedroom Apartments | $1,253 | $1,253 | $1,253 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 2 mile radius of the Elder Homestead Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Elder Homestead, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
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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 Brandywood Park - FREE Utilities priced from $699. El Pueblo II 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 |
|---|---|---|---|
| Brandywood Park - FREE Utilities | Sailor's Studio - FREE Utilities | Studio,1BA | $699 |
| El Pueblo II Apartments | 1x1 | 1BR,1BA | $716 |
| Loop @950 | 0x1 - 410 | Studio,1BA | $725 |
| Home @ Valencia | 1bd/1ba | 1BR,1BA | $750 |
| Nova Point | S1 - Studio | Studio,1BA | $775 |
| White Oak Apartments | Casa Del Rey Oeste | 1BR,1BA | $781 |
| Las Brisas | 1 Bed, 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Elder Homestead, NM
As of July 08, 2025 the best value apartment in the Elder Homestead area is the $1.16 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,275. The second greatest value Elder Homestead apartment is the 8309 Trumbull Ave SE Model at 8309 Trumbull Ave SE, Unit B starting at $850 with a $1.06 price per square foot in the Trumbull Village 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 | $1.16 |
| 8309 Trumbull Ave SE, Unit B | 8309 Trumbull Ave SE | 2BR,1BA | $1.06 |
| 200 Tennessee St NE, Unit 200 A | 200 Tennessee St NE | 2BR,1BA | $1.13 |
| 420 Mesilla St SE, Unit A | 420 Mesilla St SE | 2BR,1BA | $1.06 |
| 116 Dallas St SE, Unit C | 116 Dallas St SE | 2BR,1BA | $1.20 |
| El Pueblo II Apartments | 1x1 | 1BR,1BA | $1.03 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.33 |
| 528 Charleston St SE, Unit 4 | 528 Charleston St SE | 1BR,1BA | $1.23 |
| Las Brisas | 1 Bed, 1 Bath | 1BR,1BA | $1.39 |
| Home @ Valencia | 1bd/1ba | 1BR,1BA | $1.36 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleElder Homestead, Albuquerque, NM
Ranked #300
Among neighborhoods in Albuquerque, NM for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
Getting Around the Elder Homestead Neighborhood in Albuquerque, NM
Walk Score®
61 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
68 / 100
Bikeable
Some bike infrastructure
Transit Score®
34 / 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 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 $845.
What is the price of a cheap apartment in Elder Homestead?
The cheapest apartment in Elder Homestead is El Pueblo II Apartments which is listed at $716, while the average apartment in Elder Homestead costs $1,747.
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 5 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
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.
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.
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.
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.
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.