1942 Avondale Pl NW
AlbuquerqueNM87120
Cheap Homes for Rent in Parkway Neighborhood of Albuquerque, NM from $1,700 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway area of Albuquerque.
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.
8309 Casa Morena Ct NW
AlbuquerqueNM87120
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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Parkway, Albuquerque, NM Local Guide
How much does it cost to rent a home in Parkway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway 3 Bedroom Homes for Rent | $1,969 | $1,750 | $2,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Parkway Neighborhood of Albuquerque, NM.
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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 Parkway
What type of rentals are currently available in Parkway?
There are currently 55 Apartments for Rent in Parkway, NM with pricing that ranges from $439 to $2,600. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway ranging from $1,750 to $2,195.
What is the current price range for Rental Homes in Parkway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway ranges from $1,750 to $2,195 with an average monthly rent of $1,969.
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.