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$1,354 - $2,185
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,354 - $2,185
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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
$1,014 - $1,3191 to 2 Bedroom Apartments Available Now
Mesa Ridge Apartments
3501 Atrisco Dr NWAlbuquerque, NM 87120
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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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1 to 3 Bedroom Apartments
Volcanes Commons
6901 Glenrio Rd NWAlbuquerque, NM 87121
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1 Bedroom Apartments
342-350 Estancia Dr NW
342-350 Estancia Dr NWAlbuquerque, NM 87105
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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 Bedroom Apartments
West Ridge Park
9301 Volcano Rd NWAlbuquerque, NM 87121
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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2 to 3 Bedroom Apartments
6005 Fortuna Rd NW
6005 Fortuna Rd NWAlbuquerque, 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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Studio to 3 Bedroom Apartments
Tierra Pointe
6901-6901 Los Volcanes Rd NWAlbuquerque, NM 87121
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2 Bedroom Apartments
5315 Yucca Cir NE
5315 Yucca Cir NEAlbuquerque, NM 87120
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1 to 3 Bedroom Apartments
Canon de Arrowhead
1700 Market St NWAlbuquerque, NM 87120
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1 Bedroom Apartments
West Central Apartments
5817 Central Ave NWAlbuquerque, NM 87105
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Studio to 1 Bedroom Apartments
El Campo Apartments
5800 Central Ave SWAlbuquerque, NM 87105
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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1 to 3 Bedroom Apartments
Welcome Home To Rio Volcan!
1919 Ladera Dr NWAlbuquerque, NM 87120
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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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1 Bedroom Apartments
Casa Lynne Apartments
386 57th NWAlbuquerque, NM 87105
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1 Bedroom Apartments
New Life Homes 4
6600 Delia Rd SWAlbuquerque, NM 87121
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Studio to 2 Bedroom Apartments
Corona Del Sol Apartments
5180 Sequoia RdAlbuquerque, NM 87120
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2 Bedroom Apartments
Tucson Apartments
5401-5405 Tucson Rd NWAlbuquerque, NM 87120
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1 Bedroom Apartments
AHEPA 501 - I Senior Apartments
6800 Los Volcanes Rd NWAlbuquerque, NM 87121
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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Studio to 1 Bedroom Apartments
Central West Apartments
5501 Central Ave NWAlbuquerque, NM 87105
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1 to 2 Bedroom Apartments
La Serena Senior
457 Coors Blvd NWAlbuquerque, NM 87121
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 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 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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Cheapest Available Parkway Apartments for Rent
The cheapest available apartment rental in the Parkway area of Albuquerque, NM is a Studio unit found at Tierra Pointe priced from $850. Welcome Home To Rio Volcan! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $964. Here are the most affordable Parkway apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tierra Pointe | S1 | Studio,1BA | $850 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $964 |
| Villa Hermosa | The Aztec | 1BR,1BA | $969 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1,139 |
| Canon de Arrowhead | 2 bedroom 2 bath | 2BR,2BA | $1,154 |
Best Value Apartments for Rent in Parkway, NM
As of April 24, 2026 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 3 bedroom 2 bath Model at Phoenix Apartments: Rises Above the Rest! starting at $1,865 with a $2.07 price per square foot in the Rancho Encantado 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 |
| Phoenix Apartments: Rises Above the Rest! | 3 bedroom 2 bath | 3BR,2BA | $2.07 |
| Mesa Ridge Apartments | The Manzano | 2BR,2BA | $1.34 |
| Stride West | a10ar - Renovated | 1BR,1BA | $1.69 |
| Generations at West Mesa | Two Bedroom One Bathroom 768 Sq Ft | 2BR,1BA | $1.48 |
| Villa Hermosa | The Aztec | 1BR,1BA | $1.39 |
| Welcome Home To Rio Volcan! | 1 bedroom 1 bath | 1BR,1BA | $1.54 |
| Crescent Ridge | Juniper | 1BR,1BA | $1.74 |
| Tierra Pointe | A1 | 1BR,1BA | $2.05 |
Frequently Asked Questions about Cheap Parkway Apartments
What is the price of a cheap apartment in Parkway?
The cheapest apartment in Parkway is Crescent Ridge which is listed at $952, 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 13 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.