Cheap Apartments for Rent in the Parkland Hills Neighborhood of Albuquerque, NM from $400 (86 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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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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Check Out Albuquerque’s Best Affordable Neighborhoods

Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

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Warren Continental
Studio Apartments

Warren Continental

1000 Louisiana Blvd SEAlbuquerque, NM 87108
Furnished
  • Utilities Included
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Princeton Hall Apartments
Studio to 1 Bedroom Apartments

Princeton Hall Apartments

318-320 Princeton Dr SEAlbuquerque, NM 87106
  • Utilities Included
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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
1 to 4 Bedroom Apartments

Warren Park Apartments

900 Continental Loop SEAlbuquerque, NM 87108
  • Utilities Included
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Yucca House
1 Bedroom Apartments

Yucca House

1015 Valencia Dr SEAlbuquerque, NM 87108
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 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 Parkland Hills 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
Somerset ParkStudioStudio,1BA$768
Nova PointS1 - StudioStudio,1BA$775
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$781
Cinnamon TreeOne Bed One Bath1BR,1BA$786
Union 505StudioStudio,1BA$829
El PuebloStudioStudio,1BA$872

Best Value Apartments for Rent in Parkland Hills, NM

As of June 11, 2025 the best value apartment in the Parkland Hills area is the $1.02 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the in the University Heights neighborhood starting from $1,123. The second greatest value Parkland Hills apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,100 with a $1.10 price per square foot in the Southeast Quadrant 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.
Aspen RidgeThree Bedroom Two Bath3BR,2BA$1.02
Four Seasons2br apartment corner unit2BR,1BA$1.10
The Valencia Apartments3x2 Sm 1100 sq. ft.3BR,2BA$1.50
Home @ Valencia2bd/1ba2BR,1BA$1.12
El Pueblo II Apartments1x11BR,1BA$1.03
Madeira Flats- Utilities Included!Renovated One Bedroom $300 OFF MOVE IN! FREE UT...1BR,1BA$1.45
604 Alcazar St SE, Unit C604 Alcazar St SE2BR,1BA$1.33
Las Brisas1 Bed, 1 Bath1BR,1BA$1.41
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

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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Pet Friendly Lifestyle
Parkland Hills, Albuquerque, NM

Ranked #193

Among neighborhoods in Albuquerque, NM 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

Getting Around the Parkland Hills Neighborhood in Albuquerque, NM

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

83 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $872.

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

The cheapest apartment in Parkland Hills is El Pueblo II Apartments which is listed at $716, while the average apartment in Parkland Hills costs $2,499.

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 3 regular apartments in Parkland Hills that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Parkland Hills?

Cheap apartments in Parkland Hills have an average cost of $450 which is $2,049 cheaper than the average rent for all rentals in Parkland Hills.

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.

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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.