Cheap Homes for Rent in Elder Homestead Neighborhood of Albuquerque, NM from $600 (11 Rentals)

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

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 1 Bed unit found at El Pueblo II Apartments priced from $716. Loop @950 has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Elder Homestead apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
El Pueblo II Apartments1x11BR,1BA$716
Loop @9500x1 - 410Studio,1BA$725
Cinnamon TreeStudio RenovatedStudio,1BA$727
Brandywood Park - FREE UtilitiesSailor's Studio - FREE UtilitiesStudio,1BA$729
Somerset ParkStudioStudio,1BA$768

Best Value Apartments for Rent in Elder Homestead, NM

As of May 28, 2025 the best value apartment in the Elder Homestead area is the $1.49 price per square foot 3x2 Sm 1100 sq. ft. Model at The Valencia Apartments in the in the South San Pedro neighborhood starting from $1,485. The second greatest value Elder Homestead apartment is the 2 Bed, 1 Bath Model at Gracey's Nation - Palomas Community starting at $1,300 with a $1.60 price per square foot in the Southeast Heights 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 Valencia Apartments3x2 Sm 1100 sq. ft.3BR,2BA$1.49
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.60
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.06
El Pueblo II Apartments1x11BR,1BA$1.03
Madeira Flats- Utilities Included!Renovated One Bedroom $300 OFF MOVE IN! FREE UT...1BR,1BA$1.45
Las Brisas1 Bed, 1 Bath1BR,1BA$1.48
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
444 Florida Playa del Sol1 Bed / 1 Bath Remodel1BR,1BA$1.47
1201 PalomasOne bedroom with back patio1BR,1BA$1.54
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

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Frequently Asked Questions about Elder Homestead

What type of rentals are currently available in Elder Homestead?

There are currently 581 Apartments for Rent in Elder Homestead, NM with pricing that ranges from $642 to $4,556. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elder Homestead ranging from $695 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 $695 to $16,500 with an average monthly rent of $4,128.

How much are larger Three and Four Bedroom Rentals in Elder Homestead?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elder Homestead range from $1,123 to $2,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,114.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.