Cheap Apartments for Rent in the Parkland Hills Neighborhood of Albuquerque, NM from $400 (120 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The French Quarter
Rent Specials
$850 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $995
Total Monthly Price
$850 - $995
1 Bedroom Apartments Available Now

The French Quarter

1101-1121 Palomas Dr SEAlbuquerque, NM 87108
Corporate Housing
  • Verified
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  • Smoke Free

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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Available Now

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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517 Adams St NE
$945
Total Monthly Price

Total Monthly Price

Base Rent
$945
Total Monthly Price
$945
1 Bedroom Apartment Available Now

517 Adams St NE

517 Adams St NEAlbuquerque, NM 87108
Cost Per Sq.Ft.
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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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412 Columbia Dr SE, Unit A
$1,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025
1 Bedroom Apartment Available Now

412 Columbia Dr SE, Unit A

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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Warren Continental
Studio to 2 Bedroom Apartments

Warren Continental

1000 Louisiana Blvd SEAlbuquerque, NM 87108
Furnished
  • Utilities Included

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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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 at 950 priced from $645. Home @ Valencia has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Parkland Hills apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
The Loop at 9500x1 - 280Studio,1BA$645
Home @ Valencia1bd/1ba1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
Madeira Flats- Utilities Included!STUStudio,1BA$775
The Portals ApartmentsA11BR,1BA$800
Tennessee Street2 Beds, 1 Baths2BR,1BA$800
El Pueblo - Ultimate Urban LivingStudioStudio,1BA$840
Casa Dos Santos ApartmentsStudio 520Studio,1BA$845

Best Value Apartments for Rent in Parkland Hills, NM

As of July 05, 2026 the best value apartment in the Parkland Hills area is the $1.08 price per square foot Four Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,311. The second greatest value Parkland Hills apartment is the 2br apartment corner unit Model at Four Seasons starting at $1,150 with a $1.15 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 RidgeFour Bedroom Two Bath4BR,2BA$1.08
Four Seasons2br apartment corner unit2BR,1BA$1.15
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.89
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
517 Adams St NE517 Adams St NE1BR,1BA$1.22
The Portals ApartmentsA11BR,1BA$1.14
White Oak Apartments1x11BR,1BA$1.03
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16
Home @ Valencia1bd/1ba1BR,1BA$1.26

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #158

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 $845.

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

The cheapest apartment in Parkland Hills is Home @ Valencia which is listed at $695, while the average apartment in Parkland Hills costs $1,395.

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 17 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 $216 which is $1,179 cheaper than the average rent for all rentals in Parkland Hills.

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.

Helpful Local Expert Guides

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 Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach

Written by: Esther Lombardi

There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

decorative image for Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers article

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.