Cheap Apartments for Rent near Alvarado, MN from $470 (39 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Heritage Highlands
Studio to 3 Bedroom Apartments

Heritage Highlands

1115 3rd Ave NWEast Grand Forks, MN 56721
  • Utilities Included

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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Country View
2 to 3 Bedroom Apartments

Country View

1810 5th Ave NEEast Grand Forks, MN 56721
property at 122 Vance Ave N

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

3 Bedroom, 1.5 Bath Home for Rent

Available Now

122 Vance Ave N

ErskineMN56535
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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 4 Beds unit found at The Boden priced from $470. Parkwood Senior Living 55+ has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Alvarado apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The BodenUnit D4BR,2BA$470
Parkwood Senior Living 55+EFF/1B SMStudio,1BA$600
Landmark EstatesStudioStudio,1BA$679
Block VSTUDIO/1BAStudio,1BA$850
Green AcresLayout F2BR,1BA$850
McEnroe Place ApartmentsStudio | 603 sqftStudio,1BA$1,144
Blackmore Flats1DStudio,1BA$1,385
CARRINGTON COURT2 Bed Flat2BR,2BA$1,390
The Legacy ApartmentsC33BR,2BA$1,590
The Beacon CLO1B/1B Condo C1BR,1BA$1,595

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of September 02, 2026 the best value apartment in the Alvarado area is the $1.66 price per square foot 2 Bed 2 Bath - High Ceiling Model at EMPIRE in the starting from $2,800. The second greatest value Alvarado apartment is the 4B/2B A Model at Hyslop at Memorial Village starting at $2,650 with a $1.81 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.
EMPIRE2 Bed 2 Bath - High Ceiling2BR,2BA$1.66
Hyslop at Memorial Village4B/2B A4BR,2BA$1.81
Block V4BR/1BA4BR,1BA$1.43
Campus Place ApartmentsCP3 - 3 Bed+Den/2 Bath | 1,364 SF3BR,2BA$1.21
The Legacy ApartmentsC33BR,2BA$1.17
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1.25
CARRINGTON COURT2 Bed Flat2BR,2BA$1.09
Green AcresLayout F2BR,1BA$0.88
The Beacon CLO1B/1B Condo C1BR,1BA$1.70
Parkwood Senior Living 55+1B/1B LG1BR,1BA$1.73

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

What is the Cheapest Studio apartment in Alvarado?

Currently the most affordable Cheap Studio Apartment in Alvarado is at Parkwood Senior Living 55+ listed at $600.

How much is rent for a Cheap One Bedroom Alvarado Apartment?

The lowest price for a Cheap One Bedroom Alvarado Apartment is $875 at Block V.

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 The Legacy Apartments and starts from $1,590.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.