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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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 1-34, 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 Valley Park Apartments priced from $735. 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
Valley Park Apartments1 Bedroom B1BR,1BA$735
Block VSTUDIO/1BAStudio,1BA$850
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$850
Forest Park Apartments2 Bedroom A2BR,1BA$875
Heritage Terrace Townhomes3 bedroom3BR,1BA$948
Southwind Apartments2 Bedroom A2BR,2BA$1,068
The Gallery Apartments2 Bed 1 Bath | 1106 sqft2BR,1BA$1,112
Blackmore Flats1DStudio,1BA$1,225
The Legacy ApartmentsB52BR,2BA$1,370
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1,455

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of May 05, 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
Heritage Terrace Townhomes3 bedroom3BR,1.5BA$0.70
Northern Heights Apartments2 Bed/2 Bath | 1,067 - 1137 SF2BR,2BA$1.29
The Gallery Apartments2 Bed 1 Bath | 1106 sqft2BR,1BA$1.01
The Legacy ApartmentsB52BR,2BA$1.32
Southwind Apartments2 Bedroom A2BR,2BA$1.09
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$0.88
Forest Park Apartments2 Bedroom C2BR,1BA$1.09
Valley Park Apartments1 Bedroom B1BR,1BA$1.41

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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 $735 at Valley 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 $828 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.