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$1,145 - $2,5141 to 2 Bedroom Apartments Available Now
Stride West
6101 Sequoia Rd NWAlbuquerque, NM 87120
Cheap Apartments for Rent in the Parkway Neighborhood of Albuquerque, NM from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway area of Albuquerque.
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Rent Specials
$1,054 - $1,4141 to 2 Bedroom Apartments Available Now
Mesa Ridge Apartments
3501 Atrisco Dr NWAlbuquerque, NM 87120
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$975 - $3,771Studio to 3 Bedroom Apartments Available Now
Tierra Pointe
6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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$730 - $1,3001 to 4 Bedroom Apartments Contact Us For Availability
Bluewater Village
6600 Bluewater Rd NWAlbuquerque, NM 87121
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$902 - $1,2321 to 3 Bedroom Apartments Available Now
Volcanes Commons
6901 Glenrio Rd NWAlbuquerque, NM 87121
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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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Studio to 2 Bedroom Apartments
West Central RT 66 Apartments
6116 Central Ave SWAlbuquerque, NM 87105
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2 to 3 Bedroom Apartments
Marbella-Income Restricted Waitlist
6801 Glenrio Rd NWAlbuquerque, NM 87121
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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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1 to 3 Bedroom Apartments
Phoenix Apartments: Rises Above the Rest!
1720 Atrisco Dr NWAlbuquerque, NM 87105
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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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Showing Results 1-23, Page 1 of 1
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 | $1,045 | $976 | $1,090 |
| Parkway 1 Bedroom Apartments | $1,094 | $730 | $1,355 |
| Parkway 2 Bedroom Apartments | $1,232 | $895 | $1,537 |
| Parkway 3 Bedroom Apartments | $1,487 | $1,150 | $1,800 |
| Parkway 4 Bedroom Apartments | $1,300 | $1,300 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Parkway Neighborhood of Albuquerque, NM.
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Parkway, Albuquerque, NM Local Guide
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Cheapest Available Parkway Apartments for Rent
The cheapest available apartment rental in the Parkway area of Albuquerque, NM is a 1 Bed unit found at Volcanes Commons priced from $902. Crescent Ridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $952. Here are the most affordable Parkway apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $902 |
| Crescent Ridge | Juniper | 1BR,1BA | $952 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Tierra Pointe | S1 | Studio,1BA | $975 |
| Mesa Ridge Apartments | The Iris | 1BR,1BA | $1,054 |
Best Value Apartments for Rent in Parkway, NM
As of December 30, 2025 the best value apartment in the Parkway area is the $1.25 price per square foot 2 bedroom 2 bath Model at Canon de Arrowhead in the in the Alamosa neighborhood starting from $1,154. The second greatest value Parkway apartment is the The Pueblo Casita Model at Villa Hermosa starting at $1,163 with a $1.32 price per square foot in the Northwest Quadrant neighborhood. Here is today’s list of the best values for Parkway apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1.25 |
| Villa Hermosa | The Pueblo Casita | 2BR,1BA | $1.32 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.66 |
| Phoenix Apartments: Rises Above the Rest! | 2 bedroom 1 bath | 2BR,1BA | $1.72 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
| Volcanes Commons | One Bedroom, One Bath | 1BR,1BA | $1.53 |
| Mesa Ridge Apartments | The Iris | 1BR,1BA | $1.83 |
| Crescent Ridge | Juniper | 1BR,1BA | $1.74 |
| Tierra Pointe | S1 | Studio ,1BA | $2.30 |
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
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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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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 LifestyleParkway, Albuquerque, NM
Ranked #230
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 $902, while the average apartment in Parkway costs $1,518.
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 26 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 $426 which is $1,092 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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.