1331 Park Ave SW
AlbuquerqueNM87102
Cheap Homes for Rent in Downtown Albuquerque Neighborhood of Albuquerque, NM from $1,500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Albuquerque area of Albuquerque.
700 Fruit Ave NW
AlbuquerqueNM87102
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
524 Central Ave SW
AlbuquerqueNM87102
1705 Marble Ave NW
AlbuquerqueNM87104
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
318 San Pasquale Ave NW
AlbuquerqueNM87104
Showing Results 1-5, Page 1 of 1
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 | $3,000 | $1,500 | $4,500 |
| Downtown Albuquerque 3 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
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.
Explore Albuquerque
Downtown Albuquerque, Albuquerque, NM Local Guide
- Nearby Albuquerque neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 - Washer-Dryer Included priced from $740. Silver Moon Lodge has the second lowest priced unit, which is a Studio apartment currently listed from $897. Here are the most affordable Downtown Albuquerque apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
| Silver Moon Lodge | Studio 2 | Studio,1BA | $897 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Downtown Albuquerque, NM
As of July 24, 2025 the best value apartment in the Downtown Albuquerque area is the $1.97 price per square foot Rochester Building A Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,595. The second greatest value Downtown Albuquerque apartment is the 2x2 B Model at One Central starting at $1,650 with a $2.24 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. |
|---|---|---|---|
| Huning Castle Apartments | Rochester Building A | 3BR,2BA | $1.97 |
| One Central | 2x2 B | 2BR,2BA | $2.24 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
| Silver Moon Lodge | Studio 2 | Studio ,1BA | $2.00 |
| Millennium Flats - Washer-Dryer Included | Studio | Studio ,1BA | $2.40 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Downtown Albuquerque area?
If you’re an expert on all things Downtown Albuquerque, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Albuquerque
What type of rentals are currently available in Downtown Albuquerque?
There are currently 70 Apartments for Rent in Downtown Albuquerque, NM with pricing that ranges from $740 to $2,595. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albuquerque ranging from $1,500 to $5,000.
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 $1,500 to $5,000 with an average monthly rent of $3,255.
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.
A Local Experts 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.