Cheap Apartments for Rent in the Parkland Hills Neighborhood of Albuquerque, NM from $400 (143 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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Playa Del Sol
$925
Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925
1 Bedroom Apartments Contact Us For Availability

Playa Del Sol

444 Florida St SEAlbuquerque, NM 87108
Affordability
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  • Utilities Included

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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412 Columbia Dr SE
$999 - $1,075
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,075
Total Monthly Price
$999 - $1,075
1 Bedroom Apartment Available Now

412 Columbia Dr SE

412 Columbia Dr SEAlbuquerque, NM 87106
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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. 501 Texas Street NE 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
501 Texas Street NE1BR/1.0BA1BR,1BA$695
332 Grove St SE1 Beds, 1 Baths1BR,1BA$695
White Oak Apartments1x11BR,1BA$716
Nova RidgeS1Studio,1BA$725
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$750
Nova Point Gated Community0/1Studio,1BA$775
Madeira Flats- Utilities Included!STUStudio,1BA$775
Vail Manor ApartmentsStudioStudio,1BA$790
Casa Dos Santos ApartmentsStudio 520Studio,1BA$795

Best Value Apartments for Rent in Parkland Hills, NM

As of August 19, 2026 the best value apartment in the Parkland Hills area is the $1.08 price per square foot Three Bedroom Two Bath Model at Aspen Ridge in the in the South San Pedro neighborhood starting from $1,184. 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 RidgeThree Bedroom Two Bath3BR,2BA$1.08
Four Seasons2br apartment corner unit2BR,1BA$1.15
433-437 Louisiana Blvd SE2 Beds, 1 Baths2BR,1BA$0.79
919-923 Alvarado2BR/1.0BA2BR,1BA$1.13
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
White Oak Apartments1x11BR,1BA$1.03
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.15
Tennessee Street2 Beds, 1 Baths2BR,1BA$1.19
332 Grove St SE1 Beds, 1 Baths1BR,1BA$1.16
501 Texas Street NE1BR/1.0BA1BR,1BA$1.21

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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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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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 #123

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 $795.

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

The cheapest apartment in Parkland Hills is 501 Texas Street NE which is listed at $695, while the average apartment in Parkland Hills costs $995.

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 $208 which is $787 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.

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