Cheap Apartments for Rent in Alvarado, MN from $400 (28 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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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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715 N 40th St
1 to 3 Bedroom Apartments

715 N 40th St

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

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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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 1-28, 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 2 Beds unit found at Southern Manor Apartments priced from $800. 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
Southern Manor Apartments2 Bedroom, 1 Bathroom2BR,1BA$800
Block VSTUDIO/1BAStudio,1BA$850
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$850
Heritage Terrace Townhomes3 bedroom3BR,1BA$948
Franklin on 4thS.3Studio,1BA$1,000
The Legacy ApartmentsB52BR,2BA$1,400
Kensington Place Apartments1 Bed 1 Bath | 827 sqft1BR,1BA$1,432
Mallview Apartments2B2BR,2BA$1,525
The Beacon CLO1B/1B A1BR,1BA$1,560
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1,670

Best Value Apartments for Rent in Alvarado, MN and Nearby

As of July 01, 2026 the best value apartment in the Alvarado area is the $1.47 price per square foot West G Model at Sonoma Apartments, LLC in the starting from $2,800. The second greatest value Alvarado apartment is the 2 Bed Big Model at CARRINGTON COURT starting at $1,720 with a $0.96 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.
Sonoma Apartments, LLCWest G4BR,2BA$1.47
CARRINGTON COURT2 Bed Big2BR,1.5BA$0.96
Blackmore Flats3D3BR,2BA$1.44
Block V4BR/1BA4BR,1BA$1.43
Campus Place ApartmentsCP4 - 3 Bed/2 Bath | 1,364 SF3BR,2BA$1.27
Heritage Terrace Townhomes3 bedroom3BR,1.5BA$0.70
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1.25
The Legacy ApartmentsB52BR,2BA$1.35
Green AcresSTUDENT DISCOUNT! Fully renovated 2BR – Northla...2BR,1BA$1.10
Southern Manor Apartments2 Bedroom, 1 Bathroom2BR,1BA$1.14

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 Cheapest Studio apartment in Alvarado?

Currently the most affordable Cheap Studio Apartment in Alvarado is at Block V listed at $850.

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

The lowest price for a Cheap One Bedroom Alvarado Apartment is $875 at Block V.

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 $800 at Southern Manor 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.