Alvarado Apartments
611 Lead Ave SW,
Albuquerque, NM 87102
$979 - $1,699
Studio - 2 Beds
Barelas
Albuquerque, NM
Barelas - Albuquerque, NM
Area Guide
A riverside community with quick access to Downtown Albuquerque and more
Riverside
•
Community
•
Diverse
•
Convenient
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Small Business
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Along the mighty Rio Grande lies Albuquerque's Barelas neighborhood, about a mile west of downtown. Many of the apartments, townhomes, and condos for rent stand at the northern end of the Barelas neighborhood along Hazeldine, Coal, and Iron Avenues. Prospective residents find an abundance of swimming pools and even a few warm-weather trees throughout the residential area.
An array of local businesses and eateries call Barelas home, but locals love to go less than a half mile west for the authentic Mexican food served at El Paisa, just across the river on Bridge Boulevard. For residents who like to stay active, the Albuquerque Country Club at West Park borders Barelas' northwest end, offering golf, tennis, and other amenities to members.
Rent Trends
As of February 2026, the average apartment rent in Barelas is $1,113 for a studio, $657 for one bedroom, $966 for two bedrooms, and $1,722 for three bedrooms. Apartment rent in Barelas has increased by 0.9% in the past year.
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Studio
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525 sq ft
Average Sq Ft
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$1,113/month
Average Rent
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1 BR
-
528 sq ft
Average Sq Ft
-
$657/month
Average Rent
-
2 BR
-
746 sq ft
Average Sq Ft
-
$966/month
Average Rent
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3 BR
-
1,199 sq ft
Average Sq Ft
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$1,722/month
Average Rent
Transportation
74
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
41
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
76
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Albuquerque Biological Park
- ABQ BioPark Zoo
- Museum of Southwestern Biology
- Tingley Beach
- Roosevelt Park
Military Bases
Airports
- Albuquerque International Sunport
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.