
Cheap 3 Bedroom Apartments for Rent in the Parkway Neighborhood of Albuquerque, NM from $1,150 (8 Rentals)


Bluewater Village

Volcanes Commons

6005 Fortuna Rd NW
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Parkway, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Parkway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway Studio Apartments | $973 | $957 | $987 |
| Parkway 1 Bedroom Apartments | $1,112 | $730 | $1,355 |
| Parkway 2 Bedroom Apartments | $1,228 | $895 | $1,537 |
Parkway 3 Bedroom Apartments | $1,390 | $1,150 | $1,800 |
| Parkway 4 Bedroom Apartments | $1,300 | $1,300 | $1,300 |
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Frequently Asked Questions about Cheap Parkway Apartments
What is a cheap apartment in Parkway?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway is under $1,331.
What is the price of a cheap apartment in Parkway?
The cheapest apartment in Parkway is Volcanes Commons which is listed at $1,232, while the average apartment in Parkway costs $1,340.
What types of apartments are the cheapest in Parkway?
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 22 regular apartments in Parkway 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 Parkway?
Cheap apartments in Parkway have an average cost of $408 which is $932 cheaper than the average rent for all rentals in Parkway.
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

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.