208 High St NE
AlbuquerqueNM87102
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $500 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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$784 - $1,325Studio to 2 Bedroom Apartments Available Now
Villa De San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
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Rent Specials
$790 - $820Studio Apartments Available Now
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
401 14th St NW
AlbuquerqueNM87104
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Rent Specials
$897 - $956Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, NM 87102
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$900 - $1,445Studio to 1 Bedroom Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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Rent Specials
$949 - $1,957Studio to 2 Bedroom Apartments Available Now
Alvarado Apartments
611 Lead Ave SWAlbuquerque, NM 87102
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$950 - $1,325Studio to 2 Bedroom Apartments Contact Us For Availability
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
911 Fruit Ave NW
AlbuquerqueNM87102
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,000 - $1,800Studio Apartments Available Now
505 Central Lofts
505 Central Ave NWAlbuquerque, NM 87102
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$1,025 - $1,275Studio to 1 Bedroom Apartments Available Now
Mehran Lofts
517 Gold Ave SWAlbuquerque, NM 87102
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$1,095 - $1,395
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,095 - $1,395
Total Monthly Price
$1,095 - $1,395
Nine-O-Nine Apartments
909 Tijeras Ave NWAlbuquerque, NM 87102
301 Central Ave NE, Unit 117
301 Central Ave NE
AlbuquerqueNM87102
1508 Edith Blvd NE
AlbuquerqueNM87102
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$1,190 - $1,800Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
100 Broadway Blvd NE, Unit 303
100 Broadway Blvd NE
AlbuquerqueNM87102
300 San Pasquale Ave NW
AlbuquerqueNM87104
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$1,300 - $1,700
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,300 - $1,700
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$1,300 - $1,700
1204 Sawmill Rd NW
1204 Sawmill Rd NWAlbuquerque, NM 87104
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.
1506 Edith Blvd NE
AlbuquerqueNM87102
300 Tijeras Ave NE, Unit 407
300 Tijeras Ave NE
AlbuquerqueNM87102
300 Tijeras Ave NE, Unit 402
300 Tijeras Ave NE
AlbuquerqueNM87102
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Rent Specials
$1,400 - $2,0001 to 2 Bedroom Apartments Available Now
One Central
1 Central Ave NWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
1420 4th St NW
1420-1422 4th St NWAlbuquerque, NM 87102
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1 Bedroom Apartments
219 Walter St NE
219-223 Walter St SEAlbuquerque, NM 87102
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1 Bedroom Apartments
Arcadia Courtyard
1020 Park Ave SWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
816 Coal Ave SW
816 Coal Ave SWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
El Sol
1201 Iron Ave SWAlbuquerque, NM 87102
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Studio to 1 Bedroom Apartments
210 High St NE
210 High St NEAlbuquerque, NM 87102
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Studio Apartments
Carousel
401 14th StAlbuquerque, NM 87104
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1 to 2 Bedroom Apartments
Villa Nueva Senior Apartments
990 18th St NWAlbuquerque, NM 87104
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1 to 3 Bedroom Apartments
Sawmill Lofts
1801 Bellamah Ave NWAlbuquerque, NM 87104
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Studio Apartments
Downtown @ 700
700 2nd St NWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
Regina & Walter/Silver Apartments
200 Walter St SEAlbuquerque, NM 87102
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Studio Apartments
The Crossroads
315 Central Ave NWAlbuquerque, NM 87102
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Studio to 2 Bedroom Apartments
Sterling Downtown
800 Silver Ave SWAlbuquerque, NM 87102
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Studio to 1 Bedroom Apartments
The Franz
1716 Central Ave NWAlbuquerque, NM 87104
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.
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Studio to 3 Bedroom Apartments
Casitas de Colores
215 Lead Ave SWAlbuquerque, NM 87102
1219 Coal Ave SW
AlbuquerqueNM87102
300 Tijeras Ave NE
AlbuquerqueNM87102
517 Gold Ave SW
AlbuquerqueNM87102
522 14th St NW
AlbuquerqueNM87104
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1 to 2 Bedroom Apartments
Old Town Casitas
200 Rio Grande Blvd SWAlbuquerque, NM 87104
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Studio to 3 Bedroom Apartments
120 10th St NW
120 10th St NWAlbuquerque, NM 87102
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1 to 3 Bedroom Apartments
Anthea
950 4th St NWAlbuquerque, NM 87102
810 13th St NW
AlbuquerqueNM87102
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.
702 Fruit Ave NW
AlbuquerqueNM87102
706 Fruit Ave NW
AlbuquerqueNM87102
Showing Results 1-47, Page 1 of 1
Downtown, Albuquerque, NM Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,093 | $735 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,312 | $784 | $1,700 |
| Downtown 2 Bedroom Apartments | $1,523 | $935 | $2,050 |
| Downtown 3 Bedroom Apartments | $1,619 | $1,398 | $1,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albuquerque, NM.
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Albuquerque, NM is a Studio unit found at 210 High St NE priced from $735. Villa De San Felipe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
| Villa De San Felipe | 1x1D | 1BR,1BA | $784 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $949 |
| 505 Central Lofts | Studio | Studio,1BA | $1,000 |
| Mehran Lofts | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Nine-O-Nine Apartments | Studio | Studio,1BA | $1,095 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) - $200 Special | 2BR,2BA | $1,141 |
| Zocalo Lofts | Large One Bedroom | 1BR,1BA | $1,145 |
Best Value Apartments for Rent in Downtown, NM
As of April 12, 2026 the best value apartment in the Downtown area is the $2.06 price per square foot Lancaster Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,050. The second greatest value Downtown apartment is the Two Bedroom, Two Bath (60%) - $200 Special Model at Silver Gardens Apartments starting at $1,141 with a $1.44 price per square foot in the Netherwood Park neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Huning Castle Apartments | Lancaster | 2BR,2BA | $2.06 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) - $200 Special | 2BR,2BA | $1.44 |
| Zocalo Lofts | Large One Bedroom | 1BR,1BA | $1.71 |
| 505 Central Lofts | Corporate | Studio ,1BA | $2.11 |
| Mehran Lofts | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
| Nine-O-Nine Apartments | Studio | Studio ,1BA | $2.26 |
| Alvarado Apartments | A | Studio ,1BA | $2.20 |
| Villa De San Felipe | 0x1C | Studio ,1BA | $2.03 |
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,145.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Villa De San Felipe which is listed at $784, while the average apartment in Downtown costs $1,700.
What types of apartments are the cheapest in Downtown?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 29 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown?
Cheap apartments in Downtown have an average cost of $675 which is $1,025 cheaper than the average rent for all rentals in Downtown.
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.
Articles, How-To's, and Tips
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.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.