Cheap Apartments for Rent in the Elder Homestead Neighborhood of Albuquerque, NM from $400 (39 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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Warren Continental
Studio to 2 Bedroom Apartments

Warren Continental

1000 Louisiana Blvd SEAlbuquerque, NM 87108
Furnished
  • Utilities Included

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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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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Warren Park Apartments
Studio to 4 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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126 Charleston St NE
Studio to 1 Bedroom Apartments

126 Charleston St NE

126-130 Charleston St SEAlbuquerque, 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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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
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Donna Ann Apartments
1 to 2 Bedroom Apartments

Donna Ann Apartments

7905-8021 Marquette Ave NEAlbuquerque, NM 87108
  • Utilities Included
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Fair Plaza Apartments
1 Bedroom Apartments

Fair Plaza Apartments

5901 Alice Ave NEAlbuquerque, NM 87110
  • Utilities Included
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The Loop @950
Studio to 4 Bedroom Apartments

The Loop @950

950 Louisiana Blvd SEAlbuquerque, NM 87108
  • Utilities Included
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420 Jefferson St NE
1 to 2 Bedroom Apartments

420 Jefferson St NE

420 Jefferson St NEAlbuquerque, 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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1028 Alvarado Dr
1 Bedroom Apartments

1028 Alvarado Dr

1028 Alvarado DrAlbuquerque, NM 87108
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Manzano
2 Bedroom Apartments

Manzano

129-149 Manzano St NEAlbuquerque, 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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Hilltop House
Studio to 1 Bedroom Apartments

Hilltop House

5700 Copper Ave NEAlbuquerque, NM 87108
  • Utilities Included
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Espanola Apartments
1 Bedroom Apartments

Espanola Apartments

401 Espanola St SEAlbuquerque, NM 87108
  • Utilities Included

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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Skylight Apartments
2 Bedroom Apartments

Skylight Apartments

3410-3422 Vail Ave SEAlbuquerque, NM 87106
  • Utilities Included
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Casa dos Santos
Studio to 1 Bedroom Apartments

Casa dos Santos

520 Ortiz Dr SEAlbuquerque, NM 87108

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 @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 ListingModel NameBed/BathPriced From
The Loop @9500x1 - 280Studio,1BA$645
White Oak Apartments1x11BR,1BA$716
Madeira CourtStudioStudio,1BA$749
Nova Point Gated Community0BR/1.0BAStudio,1BA$800
Casa dos SantosStudio 520Studio,1BA$800
Modern Apartments with Great Amenities1 bed 1bath1BR,1BA$800
Continental Arms Apartments: Charming Gated CommunityStudioStudio,1BA$820
FREE UTILITIES!! GREAT VIBES!!Sailor Exterior UnitsStudio,1BA$820
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$823
Las Brisas1 Bed, 1 Bath (60% Income Restricted)1BR,1BA$852

Best Value Apartments for Rent in Elder Homestead, NM

As of January 25, 2026 the best value apartment in the Elder Homestead area is the $1.09 price per square foot B1 Model at The Portals Apartments in the in the South San Pedro neighborhood starting from $985. The second greatest value Elder Homestead apartment is the Two Bedroom Two Bath Model at Aspen Ridge starting at $935 with a $1.09 price per square foot in the South San Pedro 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.
The Portals ApartmentsB12BR,1BA$1.09
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.09
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.23
147 General Arnold St NE, Unit 4147 General Arnold St NE1BR,1BA$1.15
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.30
The Lanai Apartments3rd Floor 1be/1bath1BR,1BA$1.38
528 Charleston St SE, Unit 3528 Charleston St SE2BR,1BA$1.38
Modern Apartments with Great Amenities1 bed 1bath1BR,1BA$1.31

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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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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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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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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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 $852.

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 $1,747.

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 28 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

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.