
Cheap Homes for Rent in Elder Homestead Neighborhood of Albuquerque, NM from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Elder Homestead area of Albuquerque.


304 Charleston St NE

131 General Arnold St NE

320 Tennessee St SE

520 Indiana St SE

525 Mesilla St SE
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.

805 Ortiz Dr SE

310 La Veta Dr

312 Grove St NE

148 General Arnold St NE

336 Grove St SE

227 Tennessee St NE
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.

310 Charleston St SE

3500 Eastern Ave SE

242 Wisconsin St NE

201 Vermont St NE, Unit B

105 General Arnold St NE

911 Alvarado Dr SE
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.

3518 Crest Ave SE
Elder Homestead, Albuquerque, NM Local Guide

How much does it cost to rent a home in Elder Homestead?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elder Homestead 2 Bedroom Homes for Rent | $1,621 | $850 | $4,200 |
| Elder Homestead 3 Bedroom Homes for Rent | $2,802 | $1,550 | $7,000 |
| Elder Homestead 4 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
| Elder Homestead 5 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 19 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. Madeira Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $711. 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 |
| Madeira Court | One Bedroom | 1BR,1BA | $711 |
| White Oak Apartments | 1x1 | 1BR,1BA | $716 |
| FREE UTILITIES!! GREAT VIBES!! | Sailor Interior Units | Studio,1BA | $720 |
| Casa dos Santos | Studio 520 | Studio,1BA | $750 |
Best Value Apartments for Rent in Elder Homestead, NM
As of February 24, 2026 the best value apartment in the Elder Homestead area is the $0.98 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,073. The second greatest value Elder Homestead apartment is the 339 Madison St NE Model at 339 Madison St NE starting at $1,295 with a $1.36 price per square foot in the Netherwood Park 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 | $0.98 |
| 339 Madison St NE | 339 Madison St NE | 2BR,1BA | $1.36 |
| 520 Tennessee St NE | 2bed/1 ba Unfurnished | 2BR,1BA | $1.39 |
| 328 Rhode Island (New) St NE | 2 bed/ 1 bath | 2BR,1BA | $1.23 |
| Villa Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.37 |
| 535 Texas St NE, Unit A | 535 Texas St NE | 2BR,1BA | $1.19 |
| White Oak Apartments | 1x1 | 1BR,1BA | $1.03 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.30 |
| The Lanai Apartments | 3rd Floor 1be/1bath | 1BR,1BA | $1.38 |
| Plaza Del Sol | 1 Bedroom 1 Bath - 38714 | 1BR,1BA | $1.32 |
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
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
Frequently Asked Questions about Elder Homestead
What type of rentals are currently available in Elder Homestead?
There are currently 566 Apartments for Rent in Elder Homestead, NM with pricing that ranges from $620 to $2,407. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elder Homestead ranging from $600 to $7,000.
What is the current price range for Rental Homes in Elder Homestead?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elder Homestead ranges from $600 to $7,000 with an average monthly rent of $2,234.
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
Written by: Christine Leonard, Esq.
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.

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.

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.