Cheap Apartments for Rent in the Parkland Hills Neighborhood of Albuquerque, NM from $400 (130 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkland Hills area of Albuquerque.

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Cinnamon Tree
$674 - $1,501
Total Monthly Price

Total Monthly Price

Base Rent
$651 - $1,478
Required Monthly Fees
$23
Total Monthly Price
$674 - $1,501
Studio to 2 Bedroom Apartments Contact Us For Availability

Cinnamon Tree

7220 Central Ave SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Las Brisas
$833 - $2,421
Total Monthly Price

Total Monthly Price

Base Rent
$790 - $2,378
Required Monthly Fees
$43
Total Monthly Price
$833 - $2,421
1 to 2 Bedroom Apartments Available Now

Las Brisas

1201 San Pedro Blvd SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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417 Princeton Dr SE, Unit A
$1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200
1 Bedroom Apartment Available Now

417 Princeton Dr SE, Unit A

417 Princeton Dr SEAlbuquerque, NM 87106
Affordability
  • Smoke Free

Parkland Hills - 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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Parkland Hills, Albuquerque, NM Local Guide

Cheapest Available Parkland Hills Apartments for Rent

 

The cheapest available apartment rental in the Parkland Hills area of Albuquerque, NM is a Studio unit found at The Loop @950 priced from $695. Nova Peak has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Parkland Hills apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop @9500x1 - Deluxe - 280Studio,1BA$695
Nova Peak0BR/1.0BAStudio,1BA$700
White Oak Apartments1x11BR,1BA$716
Brandywood Park ApartmentsSailor Exterior UnitsStudio,1BA$720
Nova RidgeS1Studio,1BA$725
Nova Point0BR/1.0BAStudio,1BA$750
La Vida NuevaStudiosStudio,1BA$800
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$814
Somerset ParkStudioStudio,1BA$822
509 Girard Terrace1 bedroom 1 bathroom1BR,1BA$829

Best Value Apartments for Rent in Parkland Hills, NM

As of April 06, 2026 the best value apartment in the Parkland Hills area is the $1.10 price per square foot 2br apartment corner unit Model at Four Seasons in the in the Southeast Quadrant neighborhood starting from $1,100. The second greatest value Parkland Hills apartment is the 2bd/1ba Model at Home @ Valencia starting at $995 with a $1.10 price per square foot in the South San Pedro neighborhood. Here is today’s list of the best values for Parkland Hills apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Four Seasons2br apartment corner unit2BR,1BA$1.10
Home @ Valencia2bd/1ba2BR,1BA$1.10
417 Princeton Dr. SE, Unit "B"417 Princeton Dr. SE1BR,1BA$1.33
420 Mesilla St SE, Unit A420 Mesilla St SE2BR,1BA$1.06
Madeira FlatsONE MONTH FREE! All UTILITIES INCLUDED!2BR,1BA$1.37
Alvarado Square2/BED/1 BATH2BR,1BA$1.26
Villa Apartments1 Bed 1 Bath1BR,1BA$1.37
White Oak Apartments1x11BR,1BA$1.03
509 Girard Terrace1 bedroom 1 bathroom1BR,1BA$1.28
Las Brisas1 Bed, 1 Bath A (60% Income Restricted)1BR,1BA$1.33

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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 Article
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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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Pet Friendly Lifestyle
Parkland Hills, Albuquerque, NM

Ranked #166

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Parkland Hills, Albuquerque, NM

School data provided by Great Schools

Frequently Asked Questions about Cheap Parkland Hills Apartments

What is a cheap apartment in Parkland Hills?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkland Hills is under $829.

What is the price of a cheap apartment in Parkland Hills?

The cheapest apartment in Parkland Hills is White Oak Apartments which is listed at $716, while the average apartment in Parkland Hills costs $1,387.

What types of apartments are the cheapest in Parkland Hills?

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 30 regular apartments in Parkland Hills 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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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.

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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.