Cheap Homes for Rent in Elder Homestead Neighborhood of Albuquerque, NM from $700 (19 Rentals)

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

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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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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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 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 ListingModel NameBed/BathPriced From
Brandywood Park - FREE UtilitiesSailor's Studio - FREE UtilitiesStudio,1BA$699
El Pueblo II Apartments1x11BR,1BA$716
Loop @9500x1 - 410Studio,1BA$725
Home @ Valencia1bd/1ba1BR,1BA$750
Nova PointS1 - StudioStudio,1BA$775

Best Value Apartments for Rent in Elder Homestead, NM

As of July 15, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen RidgeThree Bedroom Two Bath3BR,2BA$1.16
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.06
420 Mesilla St SE, Unit A420 Mesilla St SE2BR,1BA$1.06
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
116 Dallas St SE, Unit C116 Dallas St SE2BR,1BA$1.20
El Pueblo II Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.33
528 Charleston St SE, Unit 4528 Charleston St SE1BR,1BA$1.23
Las Brisas1 Bed, 1 Bath1BR,1BA$1.36
Home @ Valencia1bd/1ba - Rehabbed1BR,1BA$1.45

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Frequently Asked Questions about Elder Homestead

What type of rentals are currently available in Elder Homestead?

There are currently 582 Apartments for Rent in Elder Homestead, NM with pricing that ranges from $595 to $3,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elder Homestead ranging from $750 to $16,500.

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 $750 to $16,500 with an average monthly rent of $4,158.

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.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.