Cheap Apartments for Rent near Alvarado, MN from $400 (30 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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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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715 N 40th St
1 to 3 Bedroom Apartments

715 N 40th St

715 N 40th StGrand Forks, ND 58203
  • Utilities Included
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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
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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 Studio unit found at Block V in the Downtown Grand Forks neighborhood priced from $850. Heritage Terrace Townhomes has the second lowest priced unit, which is a 3 Beds apartment currently listed from $948. Here is today’s list of the most affordable Alvarado apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Block VSTUDIO/1BAStudio,1BA$850
Heritage Terrace Townhomes3 bedroom3BR,1BA$948
Campus Place ApartmentsCP3 - 2 Bed/1 Bath | 1,088 SF2BR,1BA$1,300
The Legacy ApartmentsB52BR,2BA$1,315
CARRINGTON COURT2 Bed Flat2BR,2BA$1,390
Mallview Apartments2B2BR,2BA$1,525
Kensington Place Apartments1 Bed 1 Bath | 827 sqft1BR,1BA$1,598
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1,670
McEnroe Place Apartments3 Bed 2 Bath | 1248 sqft3BR,2BA$1,834
The Beacon CLO2B/2B Condo A2BR,2BA$2,000

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of July 22, 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 2B/2B Condo C Model at The Beacon CLO starting at $2,150 with a $1.42 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.
EMPIRE2 Bed 2 Bath - High Ceiling2BR,2BA$1.66
The Beacon CLO2B/2B Condo C2BR,2BA$1.42
Blackmore Flats3D3BR,2BA$1.47
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
CARRINGTON COURT2 Bed Flat2BR,2BA$1.09
Campus Place ApartmentsCP3 - 2 Bed/1 Bath | 1,088 SF2BR,1BA$1.19
The Legacy ApartmentsB52BR,2BA$1.26
Mallview Apartments2B2BR,2BA$1.60

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 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 $1,300 at Block V.

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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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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.