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


Volcanes Commons

6005 Fortuna Rd NW

Marbella-Income Restricted Waitlist
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.

Tierra Pointe

Canon de Arrowhead

Welcome Home To Rio Volcan!

Phoenix Apartments: Rises Above the Rest!
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.
Parkway, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Parkway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway 1 Bedroom Apartments | $1,135 | $439 | $1,379 |
| Parkway 2 Bedroom Apartments | $1,211 | $895 | $1,523 |
Parkway 3 Bedroom Apartments | $1,245 | $1,150 | $1,341 |
| Parkway 4 Bedroom Apartments | $1,950 | $1,300 | $2,600 |
Explore Albuquerque
Frequently Asked Questions about Cheap Parkway Apartments
What is the price of a cheap apartment in Parkway?
The cheapest apartment in Parkway is Tierra Pointe which is listed at $1,326, while the average apartment in Parkway costs $1,950.
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 15 regular apartments in Parkway 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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.