Cheap Homes for Rent in Elder Homestead Neighborhood of Albuquerque, NM from $700 (9 Rentals)

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

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Elder Homestead, Albuquerque, NM Local Guide

Cheapest Available Elder Homestead Apartments for Rent

 

The cheapest available apartment rental in the Elder Homestead area of Albuquerque, NM is a Studio unit found at Loop @950 priced from $645. 1028 Alvarado Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Elder Homestead apartments for rent in Albuquerque, NM:

Apartment ListingModel NameBed/BathPriced From
Loop @9500x1 - 280Studio,1BA$645
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$675
Nova PointS1 - StudioStudio,1BA$700

Best Value Apartments for Rent in Elder Homestead, NM

As of April 23, 2025 the best value apartment in the Elder Homestead area is the $1.25 price per square foot Two Bedroom Two Bath Model at Los Altos Towers in the in the South Los Altos neighborhood starting from $1,499. The second greatest value Elder Homestead apartment is the Two Bedroom Two Bath Model at Aspen Ridge starting at $1,029 with a $1.20 price per square foot in the University Heights neighborhood. Here is today’s list of the best values for Elder Homestead apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Los Altos TowersTwo Bedroom Two Bath2BR,2BA$1.25
Aspen RidgeTwo Bedroom Two Bath2BR,2BA$1.20
328 Rhode Island (New) St NE2 bed/ 1 bath2BR,1BA$1.24
8309 Trumbull Ave SE, Unit B8309 Trumbull Ave SE2BR,1BA$1.09
200 Tennessee St NE, Unit 200 A200 Tennessee St NE2BR,1BA$1.13
El Pueblo II Apartments1x11BR,1BA$1.03
Las Brisas1 Bed, 1 Bath1BR,1BA$1.35
528 Charleston St SE, Unit 4528 Charleston St SE1BR,1BA$1.23
1028 Alvarado Dr1 Beds, 1 Baths1BR,1BA$1.04
Nova ViewA11BR,1BA$1.30

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Frequently Asked Questions about Elder Homestead

What type of rentals are currently available in Elder Homestead?

There are currently 586 Apartments for Rent in Elder Homestead, NM with pricing that ranges from $615 to $4,125. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elder Homestead ranging from $715 to $2,600.

What is the current price range for Rental Homes in Elder Homestead?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elder Homestead ranges from $715 to $2,600 with an average monthly rent of $1,483.

How much are larger Three and Four Bedroom Rentals in Elder Homestead?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elder Homestead range from $1,123 to $1,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $1,253.

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.