
Cheap Homes for Rent in Summit Park Neighborhood of Albuquerque, NM from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Summit Park area of Albuquerque.


543 Cedar St SE

545 Cedar St SE

825 Palomas Dr SE

221 Maple St NE
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.

116 Maple St SE

3509 Tulane Dr NE

636 640

110 Mesa St SE

1215 Coal Ave SE
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.

1202 Lead Ave SE
Summit Park, Albuquerque, NM Local Guide

How much does it cost to rent a home in Summit Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Summit Park 2 Bedroom Homes for Rent | $1,919 | $900 | $4,200 |
| Summit Park 3 Bedroom Homes for Rent | $2,690 | $1,450 | $7,000 |
| Summit Park 4 Bedroom Homes for Rent | $1,565 | $800 | $1,995 |
| Summit Park 5 Bedroom Homes for Rent | $2,395 | $2,395 | $2,395 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Summit Park Neighborhood of Albuquerque, NM.
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Summit Park, Albuquerque, NM Local Guide
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Cheapest Available Summit Park Apartments for Rent
 The cheapest available apartment rental in the Summit Park area of Albuquerque, NM is a Studio unit found at Union 505 priced from $756. Encanto Lofts Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $764. Here are the most affordable Summit Park apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Union 505 | Studio | Studio,1BA | $756 |
| Encanto Lofts Apartments | Juniper - Studio + Den | Studio,1BA | $764 |
| The Villas at Uptown | Studio Upgrade | Studio,1BA | $800 |
| Casa Dos Santos Apartments | Studio 520 | Studio,1BA | $845 |
| 2121 Gold Ave SE | 2121 Gold Street SE - Unit 13 | 1BR,1BA | $850 |
Best Value Apartments for Rent in Summit Park, NM
As of July 05, 2026 the best value apartment in the Summit Park area is the $1.15 price per square foot 2br apartment corner unit Model at Four Seasons in the in the Southeast Quadrant neighborhood starting from $1,150. The second greatest value Summit Park apartment is the Ele Model at Large Quiet Two Bedroom starting at $1,350 with a $1.45 price per square foot in the Netherwood Park neighborhood. Here is today’s list of the best values for Summit Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Four Seasons | 2br apartment corner unit | 2BR,1BA | $1.15 |
| Large Quiet Two Bedroom | Ele | 2BR,2BA | $1.45 |
| Sandia Shadows | 2bd/2ba | 2BR,2BA | $1.26 |
| Nob Hill | 2.1.5 | 2BR,1.5BA | $1.55 |
| Marquee Village Apartments | KaloDuo | 2BR,1BA | $1.51 |
| Gracey's Nation - Palomas Community | 2 Bed, 1 Bath | 2BR,1BA | $1.23 |
| Villas Del Cielo | 1 Bedroom | 1BR,1BA | $1.41 |
| 517 Adams St NE | 517 Adams St NE | 1BR,1BA | $1.22 |
| Casa de Sierra Senior Apartments | One Bedroom | 1BR,1BA | $1.55 |
| Peaks at Sandia View | 1x1-638 | 1BR,1BA | $1.57 |
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 ArticleDon'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleSummit Park, Albuquerque, NM
Ranked #127
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Summit Park, Albuquerque, NM
School data provided by Great Schools
Frequently Asked Questions about Summit Park
What type of rentals are currently available in Summit Park?
There are currently 398 Apartments for Rent in Summit Park, NM with pricing that ranges from $720 to $2,407. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Summit Park ranging from $650 to $7,000.
What is the current price range for Rental Homes in Summit Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Summit Park ranges from $650 to $7,000 with an average monthly rent of $1,794.
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.
Helpful Local Expert Guides

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.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

Albuquerque Uncovered: Your Local Experts Guide to the High Desert City
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Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
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I still recollect my first morning commute in Albuquerque.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.