
Cheap Apartments for Rent in Alvarado, MN from $400 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Alvarado.


Ridgewood Apartments

Valley Park Apartments

Green Acres

Southern Manor Apartments

Forest Park Apartments

Block V

Heritage Terrace Townhomes

Kensington Place Apartments
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.

Heritage Highland II Townhomes

820 Stuart Ave

Southwind Apartments

Heritage Highlands

Wellington Townhomes

Franklin on 4th

Northern Heights Apartments

West Ridge Apartments

The Gallery Apartments
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.

Northwood Park Townhomes

The Beacon CLO

Blackmore Flats

Sonoma Apartments, LLC

The Legacy Apartments

Minnesota Heights Apartments

Campus Place Apartments

McEnroe Place Apartments

Boulder Apartments, LLC
Cash 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.

University Flats Apartments

Columbia Park Apartments

Columbia Square South *RENOVATED APARTMENTS!*

715 N 40th St

401 N 4th St

Emerald Square**FULLY RENOVATED APARTMENTS!**

Warehouse & Freighthouse Apartments

815 Duke Dr

Country View
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.
Alvarado, MN Local Guide

How much does it cost to rent an apartment in Alvarado?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alvarado Studio Apartments | $899 | $650 | $1,250 |
| Alvarado 1 Bedroom Apartments | $1,253 | $678 | $2,270 |
| Alvarado 2 Bedroom Apartments | $1,539 | $646 | $2,800 |
| Alvarado 3 Bedroom Apartments | $1,684 | $620 | $2,950 |
| Alvarado 4 Bedroom Apartments | $1,487 | $470 | $4,051 |
Browse Top Apartments in Alvarado
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Alvarado, MN Local Guide
- Nearby Cities
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Cheapest Available Alvarado Apartments for Rent and Nearby
 The cheapest available apartment rental in Alvarado, MN is a 1 Bed unit found at Green Acres priced from $690. Block V in the Downtown Grand Forks neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here is today’s list of the most affordable Alvarado apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Green Acres | Charming 1BR Apartment with Fresh Paint! | 1BR,1BA | $690 |
| Block V | STUDIO/1BA | Studio,1BA | $850 |
| Forest Park Apartments | 2 Bedroom C | 2BR,1BA | $917 |
| Heritage Terrace Townhomes | 3 bedroom | 3BR,1BA | $948 |
| Southwind Apartments | 2 Bedroom A | 2BR,2BA | $1,012 |
| West Ridge Apartments | 1 Bed 1 Bath | 790 sqft | 1BR,1BA | $1,071 |
| The Legacy Apartments | B5 | 2BR,2BA | $1,400 |
| Mallview Apartments | 2A | 2BR,1BA | $1,425 |
| Sonoma Apartments, LLC | West A | 2BR,2BA | $1,465 |
| Blackmore Flats | 2A | 2BR,2BA | $1,500 |
Best Value Apartments for Rent in Alvarado, MN and Nearby
As of May 19, 2026 the best value apartment in the Alvarado area is the $1.25 price per square foot 3 Bed/2 Bath | 1,408 SF Model at Northern Heights Apartments in the in the Downtown Grand Forks neighborhood starting from $1,760. The second greatest value Alvarado apartment is the 4BR/1BA Model at Block V starting at $2,000 with a $1.43 price per square foot in the Downtown Grand Forks neighborhood. Here is today’s list of the best values for Alvarado apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northern Heights Apartments | 3 Bed/2 Bath | 1,408 SF | 3BR,2BA | $1.25 |
| Block V | 4BR/1BA | 4BR,1BA | $1.43 |
| Heritage Terrace Townhomes | 3 bedroom | 3BR,1.5BA | $0.70 |
| CARRINGTON COURT | 2 Bed End | 2BR,2BA | $1.30 |
| Forest Park Apartments | 3 Bedroom 1 Bathroom A | 3BR,1BA | $1.02 |
| The Legacy Apartments | B5 | 2BR,2BA | $1.35 |
| Sonoma Apartments, LLC | West A | 2BR,2BA | $1.46 |
| Southwind Apartments | 2 Bedroom A | 2BR,2BA | $1.03 |
| West Ridge Apartments | 1 Bed 1 Bath | 790 sqft | 1BR,1BA | $1.36 |
| Green Acres | Charming 1BR Apartment with Fresh Paint! | 1BR,1BA | $1.20 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alvarado, MN Rentals by Map
See the most popular apartments and homes in Alvarado, MN
Frequently Asked Questions about Cheap Alvarado Apartments
How much is rent for a Cheap One Bedroom Alvarado Apartment?
The lowest price for a Cheap One Bedroom Alvarado Apartment is $690 at Green Acres.
What is the lowest price for a Cheap Two Bedroom Alvarado Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alvarado is starting from $850 at Green Acres.
What is the most affordable Alvarado Three Bedroom Apartment?
The best deal on a cheap Alvarado Three Bedroom Apartment rental is at Heritage Terrace Townhomes and starts from $948.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.