Cheap Apartments for Rent in Alvarado, MN from $400 (29 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 568 4th St SE

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

568 4th St SE

MayvilleND58257
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 May 1

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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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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Showing Results 1-29, 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 Forest Park Apartments priced from $841. Green Acres has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Alvarado apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forest Park Apartments1 Bedroom B1BR,1BA$841
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$850
Block V1BR/1BA1BR,1BA$875
The Gallery Apartments2 Bed 1 Bath | 1075 sqft2BR,1BA$1,097
Southwind Apartments2 Bedroom A2BR,2BA$1,105
Blackmore Flats1DStudio,1BA$1,225
West Ridge Apartments2 Bed 1 Bath | 1076 sqft2BR,1BA$1,395
McEnroe Place Apartments2 Bed 2 Bath | 964 sqft2BR,2BA$1,425
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1,455
Mallview Apartments2A2BR,1BA$1,465

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of April 21, 2026 the best value apartment in the Alvarado area is the $1.13 price per square foot H2 Model at Boulder Apartments, LLC in the starting from $1,800. The second greatest value Alvarado apartment is the 2B/2B Condo A Model at The Beacon CLO starting at $2,000 with a $1.41 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Boulder Apartments, LLCH22BR,2BA$1.13
The Beacon CLO2B/2B Condo A2BR,2BA$1.41
Block V4BR/1BA4BR,1BA$1.43
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1.29
West Ridge Apartments2 Bed 1 Bath | 1076 sqft2BR,1BA$1.30
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$0.88
Mallview Apartments2A2BR,1BA$1.53
The Verge Grand Forks2BR/2BA2BR,2BA$0.97
The Gallery Apartments1 Bed / 1 Bath 754 sq ft Remodeled1BR,1BA$1.49
Forest Park Apartments1 Bedroom B1BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Quick 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.

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

Explore Alvarado, MN Rentals by Map

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See the most popular apartments and homes in Alvarado, MN

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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 $841 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 $848 at Forest Park Apartments.

What is the most affordable Alvarado Three Bedroom Apartment?

The best deal on a cheap Alvarado Three Bedroom Apartment rental is at Southwind Apartments and starts from $1,145.

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 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.

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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.