Cheap Homes for Rent in Alvarado Park Neighborhood of Albuquerque, NM from $700 (7 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 TreeOne Bed One Bath1BR,1BA$760

Best Value Apartments for Rent in Alvarado Park, NM

As of April 25, 2025 the best value apartment in the Alvarado Park area is the $1.11 price per square foot KaloSolo-Premium Model at Theta Apartments in the in the Northwest Quadrant neighborhood starting from $995. The second greatest value Alvarado Park apartment is the Two Bedroom One and a Half Bath Model at Villa Esperanza starting at $1,099 with a $1.37 price per square foot in the Northwest Quadrant 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.
Theta ApartmentsKaloSolo-Premium1BR,1BA$1.11
Villa EsperanzaTwo Bedroom One and a Half Bath2BR,1BA$1.37
Pinon TerraceOne Bedroom - Fully Remodeled1BR,1BA$1.37
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.24
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
Villas Del Cielo1 Bedroom1BR,1BA$1.32
Comanche WellsB12BR,1BA$1.30
Nova ViewA11BR,1BA$1.30
Spacious Townhomes1 bed 1bath1BR,1BA$1.51
White Oak ApartmentsCasa Del Rey Oeste1BR,1BA$1.48

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Frequently Asked Questions about Alvarado Park

What type of rentals are currently available in Alvarado Park?

There are currently 516 Apartments for Rent in Alvarado Park, NM with pricing that ranges from $700 to $4,304. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alvarado Park ranging from $715 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 $715 to $7,500 with an average monthly rent of $2,067.

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 $1,167 to $2,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $1,690.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.