Cheap Apartments for Rent in Alvarado, MN from $400 (36 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 820 Stuart Ave

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

820 Stuart Ave

CrookstonMN56716

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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property at 1512 9th Ave N

$1,280

Total Monthly Price

Total Monthly Price

Base Rent
$1,280
Total Monthly Price
$1,280

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 1

1512 9th Ave N

Grand ForksND58203

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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Showing Results 1-36, Page 1 of 1

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 Ridgewood Apartments priced from $805. 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 ListingModel NameBed/BathPriced From
Ridgewood Apartments1 Bedroom, 1 Bathroom1BR,1BA$805
Block VSTUDIO/1BAStudio,1BA$850
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$850
Heritage Highland II Townhomes2 bedroom2BR,1BA$929
Heritage Terrace Townhomes3 bedroom3BR,1BA$948
Forest Park Apartments3 Bedroom 1 Bathroom A3BR,1BA$1,091
Kensington Place Apartments2 Bed 2 Bath | 1073 sqft2BR,2BA$1,265
Mallview Apartments2A2BR,1BA$1,425
The Legacy ApartmentsB52BR,2BA$1,465
The Beacon CLOTommy 1D/1B1BR,1BA$1,485

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of June 10, 2026 the best value apartment in the Alvarado area is the $1.43 price per square foot 4BR/1BA Model at Block V 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.
Block V4BR/1BA4BR,1BA$1.43
Heritage Terrace Townhomes3 bedroom3BR,1.5BA$0.70
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1.25
Heritage Highland II Townhomes2 bedroom2BR,1.5BA$0.74
CARRINGTON COURT2 Bed End2BR,2BA$1.30
Forest Park Apartments3 Bedroom 1 Bathroom A3BR,1BA$1.00
Sonoma Apartments, LLCEast C2BR,2BA$1.46
The Legacy ApartmentsB52BR,2BA$1.38
Green Acres ApartmentsSTUDENT DISCOUNT! Fully renovated 2BR – Northla...2BR,1BA$1.10
Ridgewood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.45

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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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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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 $805 at Ridgewood Apartments.

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

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

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.