Cheap Apartments for Rent in Alvarado, MN from $400 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alvarado.

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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property at 1203 Greenhill Dr

$955

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$955
Total Monthly Price
$955

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1203 Greenhill Dr

Thief River FallsMN56701

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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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.

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715 N 40th St
1 to 3 Bedroom Apartments

715 N 40th St

715 N 40th StGrand Forks, ND 58203
  • Utilities Included

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.

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Alvarado, MN Local Guide

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. Valley Park Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $845. Here is today’s list of the most affordable Alvarado apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Green AcresCharming 1BR Apartment with Fresh Paint!1BR,1BA$690
Valley Park Apartments2 Bedroom A2BR,1BA$845
Block VSTUDIO/1BAStudio,1BA$850
Forest Park Apartments2 Bedroom A2BR,1BA$854
Heritage Terrace Townhomes3 bedroom3BR,1BA$948
West Ridge Apartments1 Bed 1 Bath | 790 sqft1BR,1BA$1,055
Southwind Apartments2 Bedroom A2BR,2BA$1,060
The Legacy ApartmentsB52BR,2BA$1,375
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1,455
Sonoma Apartments, LLCWest A2BR,2BA$1,465

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of May 12, 2026 the best value apartment in the Alvarado area is the $1.41 price per square foot 2B/2B Condo A Model at The Beacon CLO in the in the Downtown Grand Forks neighborhood starting from $2,000. The second greatest value Alvarado apartment is the 3 bedroom Model at Heritage Terrace Townhomes starting at $948 with a $0.70 price per square foot . Here is today’s list of the best values for Alvarado apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Beacon CLO2B/2B Condo A2BR,2BA$1.41
Heritage Terrace Townhomes3 bedroom3BR,1.5BA$0.70
CARRINGTON COURT2 Bed End2BR,2BA$1.30
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1.29
The Legacy ApartmentsB52BR,2BA$1.32
Southwind Apartments2 Bedroom A2BR,2BA$1.05
Forest Park Apartments2 Bedroom C2BR,1BA$1.04
West Ridge Apartments1 Bed 1 Bath | 790 sqft1BR,1BA$1.37
Valley Park Apartments2 Bedroom A2BR,1BA$1.09
Green AcresCharming 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.

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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Alvarado, MN Rentals by Map

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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 $816 at Valley Park Apartments.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.