Cheap Apartments for Rent in Alvarado, MN from $400 (21 Rentals)

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

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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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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715 N 40th St
1 to 3 Bedroom Apartments

715 N 40th St

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 2 Beds unit found at Valley Park Apartments priced from $759. Block V in the Downtown Grand Forks neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Alvarado apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley Park Apartments2 Bedroom A2BR,1BA$759
Block VSTUDIO/1BAStudio,1BA$775
Green Acres2SBD2BR,1BA$790
Heritage Highland II Townhomes2 bedroom2BR,1BA$929
Heritage Terrace Townhomes3 bedroom3BR,1BA$948

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of January 22, 2026 the best value apartment in the Alvarado area is the $1.09 price per square foot 4BR/1BA Model at Block V in the in the Downtown Grand Forks neighborhood starting from $1,525. 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$1.09
Heritage Terrace Townhomes3 bedroom3BR,1.5BA$0.70
Heritage Highland II Townhomes2 bedroom2BR,1.5BA$0.74
The Legacy ApartmentsC13BR,2BA$1.16
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1.20
Westside Apartments2B 2B2BR,2BA$1.09
Southwind Apartments2 Bedroom A2BR,2BA$1.15
Green Acres2 Bedroom 1 Bathroom Available!2BR,1BA$0.92
CARRINGTON COURT1 Bed1BR,1BA$1.20
Valley Park Apartments2 Bedroom A2BR,1BA$1.01

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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!

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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 Block V listed at $775.

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

The lowest price for a Cheap One Bedroom Alvarado Apartment is $966 at Forest Park 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 $759 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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.