816 13th St NW
AlbuquerqueNM87102
Cheap Homes for Rent in the Downtown Albuquerque Neighborhood of Albuquerque, NM from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Albuquerque area of Albuquerque.
700 Fruit Ave NW
AlbuquerqueNM87102
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.
704 Fruit Ave NW
AlbuquerqueNM87102
506 14th St NW
AlbuquerqueNM87104
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
505 Marble Ave NW
AlbuquerqueNM87102
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Downtown Albuquerque, Albuquerque, NM Local Guide
How much does it cost to rent a home in Downtown Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albuquerque 2 Bedroom Homes for Rent | $1,955 | $1,340 | $2,695 |
| Downtown Albuquerque 3 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Albuquerque Neighborhood of Albuquerque, NM.
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Downtown Albuquerque, Albuquerque, NM Local Guide
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Cheapest Available Downtown Albuquerque Apartments for Rent
The cheapest available apartment rental in the Downtown Albuquerque area of Albuquerque, NM is a Studio unit found at Millennium Flats priced from $775. Nine-O-Nine Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Downtown Albuquerque apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $775 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1,195 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio,1BA | $1,275 |
Best Value Apartments for Rent in Downtown Albuquerque, NM
As of July 31, 2026 the best value apartment in the Downtown Albuquerque area is the $1.76 price per square foot Studio Model at 505 Central Lofts in the in the Netherwood Park neighborhood starting from $1,300. The second greatest value Downtown Albuquerque apartment is the 2x2 A Model at One Central starting at $1,600 with a $2.21 price per square foot in the Netherwood Park neighborhood. Here is today’s list of the best values for Downtown Albuquerque apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| One Central | 2x2 A | 2BR,2BA | $2.21 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio ,1BA | $1.78 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.68 |
| Huning Castle Apartments | Balmoral Building A & B | 1BR,1BA | $2.74 |
| 228 16th St NW | 1BR | 1BR,1BA | $2.78 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.52 |
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.
Read Article
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.
Read ArticleReal 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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Pet Friendly LifestyleDowntown Albuquerque, Albuquerque, NM
Ranked #242
Among cities in New Mexico for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Downtown Albuquerque
What type of rentals are currently available in Downtown Albuquerque?
There are currently 72 Apartments for Rent in Downtown Albuquerque, NM with pricing that ranges from $750 to $2,295. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albuquerque ranging from $1,200 to $3,000.
What is the current price range for Rental Homes in Downtown Albuquerque?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Albuquerque ranges from $1,200 to $3,000 with an average monthly rent of $1,894.
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.
Helpful Local Expert Guides
Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.
Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.
The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.
A Local Expert's Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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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.
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.