Cheap Homes for Rent in Summit Park Neighborhood of Albuquerque, NM from $600 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Summit Park 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.

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.

Summit Park, Albuquerque, NM Local Guide

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 ListingModel NameBed/BathPriced From
Union 505StudioStudio,1BA$756
Encanto Lofts ApartmentsJuniper - Studio + DenStudio,1BA$764
The Villas at UptownStudio UpgradeStudio,1BA$800
Casa Dos Santos ApartmentsStudio 520Studio,1BA$845
2121 Gold Ave SE2121 Gold Street SE - Unit 131BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Four Seasons2br apartment corner unit2BR,1BA$1.15
Large Quiet Two BedroomEle2BR,2BA$1.45
Sandia Shadows2bd/2ba2BR,2BA$1.26
Nob Hill2.1.52BR,1.5BA$1.55
Marquee Village ApartmentsKaloDuo2BR,1BA$1.51
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.23
Villas Del Cielo1 Bedroom1BR,1BA$1.41
517 Adams St NE517 Adams St NE1BR,1BA$1.22
Casa de Sierra Senior ApartmentsOne Bedroom1BR,1BA$1.55
Peaks at Sandia View1x1-6381BR,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.

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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.

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Summit Park, Albuquerque, NM

Ranked #127

Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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.

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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.

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Albuquerque Uncovered: Your Local Experts Guide to the High Desert City

Written by: Esther Lombardi

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.

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Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers

Written by: Esther Lombardi

I still recollect my first morning commute in Albuquerque.

Articles, How-To's, and Tips

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

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.

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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.