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$674 - $1,501Studio to 2 Bedroom Apartments Contact Us For Availability
Cinnamon Tree
7220 Central Ave SEAlbuquerque, NM 87108
Cheap Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $400 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elder Homestead area of Albuquerque.
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$695 - $9951 to 2 Bedroom Apartments Available Now
Home @ Valencia
5500 Eastern Ave SEAlbuquerque, NM 87108
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$699Studio Apartments Available Now
FREE UTILITIES!! GREAT VIBES!!
5851 Anderson Ave SEAlbuquerque, NM 87108
1404 Carlisle Blvd SE
AlbuquerqueNM87106
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1111 Amherst Dr SE
AlbuquerqueNM87106
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$7501 Bedroom Apartment Available Now
200 Tennessee St NE, Unit 200 A
200 Tennessee St NEAlbuquerque, NM 87108
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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$8002 Bedroom Apartment Available Now
8405 Trumbull Ave SE, Unit D
8405 Trumbull Ave SEAlbuquerque, NM 87108
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$800 - $900Studio to 1 Bedroom Apartments Available Now
Nova Point Gated Community
1001 Louisiana Blvd NEAlbuquerque, NM 87110
305 Charleston St SE
AlbuquerqueNM87108
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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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Studio to 2 Bedroom Apartments
7900-7904 Trumbull Ave SE
7900-7904 Trumbull Ave SEAlbuquerque, NM 87108
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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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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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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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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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Showing Results 1-42, Page 1 of 1
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 | $844 | $674 | $1,395 |
| Elder Homestead 1 Bedroom Apartments | $1,019 | $695 | $2,878 |
| Elder Homestead 2 Bedroom Apartments | $1,237 | $800 | $3,161 |
| Elder Homestead 3 Bedroom Apartments | $1,616 | $1,250 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 42 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
- Nearby Cities
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- Local Counties
Cheapest Available Elder Homestead Apartments for Rent
The cheapest available apartment rental in the Elder Homestead area of Albuquerque, NM is a 1 Bed unit found at Home @ Valencia priced from $695. FREE UTILITIES!! GREAT VIBES!! has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Elder Homestead apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Home @ Valencia | 1bd/1ba | 1BR,1BA | $695 |
| FREE UTILITIES!! GREAT VIBES!! | Sailor Interior Units | Studio,1BA | $699 |
| White Oak Apartments | 1x1 | 1BR,1BA | $716 |
| Madeira Court | Studio | Studio,1BA | $749 |
| Uptown Horizon | Studio | Studio,1BA | $799 |
| Nova Point Gated Community | 0BR/1.0BA | Studio,1BA | $800 |
| Casa dos Santos | Studio 520 | Studio,1BA | $800 |
| White Oak Apartments | Casa Del Rey Oeste | 1BR,1BA | $823 |
Best Value Apartments for Rent in Elder Homestead, NM
As of October 21, 2025 the best value apartment in the Elder Homestead area is the $1.11 price per square foot 544 Chama St SE Model at 544 Chama St SE, Unit C in the in the Trumbull Village neighborhood starting from $900. The second greatest value Elder Homestead apartment is the 200 Tennessee St NE Model at 200 Tennessee St NE, Unit 200 A starting at $750 with a $0.94 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. |
|---|---|---|---|
| 544 Chama St SE, Unit C | 544 Chama St SE | 2BR,1BA | $1.11 |
| 200 Tennessee St NE, Unit 200 A | 200 Tennessee St NE | 1BR,1BA | $0.94 |
| 147 General Arnold St NE, Unit 4 | 147 General Arnold St NE | 1BR,1BA | $1.15 |
| 8405 Trumbull Ave SE, Unit D | 8405 Trumbull Ave SE | 2BR,1BA | $1.03 |
| Villa Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| White Oak Apartments | 1x1 | 1BR,1BA | $1.03 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.30 |
| The Lanai Apartments | 1BD/1B | 1BR,1BA | $1.38 |
| The Loop @950 | 1x1 - 645 (920 Building) | 1BR,1BA | $1.33 |
| Home @ Valencia | 1bd/1ba | 1BR,1BA | $1.26 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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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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Pet Friendly LifestyleElder Homestead, Albuquerque, NM
Ranked #326
Among cities in New Mexico 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 $823.
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 $1,500.
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 39 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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.