Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $600 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Alvarado Park area of Albuquerque.

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Alvarado Park, Albuquerque, NM Local Guide

Cheapest Available Alvarado Park Apartments for Rent

 

The cheapest available apartment rental in the Alvarado Park area of Albuquerque, NM is a Studio unit found at Nova Point priced from $700. The Villas @ Uptown has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here are the most affordable Alvarado Park apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Nova PointS1 - StudioStudio,1BA$700
The Villas @ UptownStudio UpgradeStudio,1BA$700
Cinnamon TreeStudio RenovatedStudio,1BA$742

Best Value Apartments for Rent in Alvarado Park, NM

As of May 15, 2025 the best value apartment in the Alvarado Park area is the $1.41 price per square foot Four Bedroom Two Bath Model at Villa Esperanza in the in the Northwest Quadrant neighborhood starting from $1,586. The second greatest value Alvarado Park apartment is the 2 Bed, 1 Bath Model at Gracey's Nation - Palomas Community starting at $1,300 with a $1.60 price per square foot in the Southeast Heights neighborhood. Here is today’s list of the best values for Alvarado Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villa EsperanzaFour Bedroom Two Bath4BR,1BA$1.41
Gracey's Nation - Palomas Community2 Bed, 1 Bath2BR,1BA$1.60
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
Villas Del Cielo1 Bedroom1BR,1BA$1.45
225 Vermont St NE, Unit 4225 Vermont St NE1BR,1BA$1.07
Pine Park Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.65
Nova ViewA11BR,1BA$1.30
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
444 Florida Playa del Sol1 Bed / 1 Bath Remodel1BR,1BA$1.47
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

Quick Rent Budget Calculator

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Frequently Asked Questions about Alvarado Park

What type of rentals are currently available in Alvarado Park?

There are currently 518 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $642 to $4,847. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $600 to $7,500.

What is the current price range for Rental Homes in Alvarado Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alvarado Park ranges from $600 to $7,500 with an average monthly rent of $1,903.

How much are larger Three and Four Bedroom Rentals in Alvarado Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alvarado Park range from $1,200 to $3,212, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $1,591.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.