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$740 - $956Studio to 1 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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208 High St NE
AlbuquerqueNM87102
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Rent Specials
$872 - $1,188Studio to 2 Bedroom Apartments Available Now
Villa de San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
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$897 - $956Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, NM 87102
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.
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$900 - $1,025Studio Apartments Contact Us For Availability
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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$900 - $1,275Studio to 2 Bedroom Apartments Available Now
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
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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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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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Showing Results 1-17, 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 | $1,167 | $795 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,205 | $740 | $1,900 |
| Downtown 2 Bedroom Apartments | $1,604 | $1,188 | $2,150 |
| Downtown 3 Bedroom Apartments | $2,098 | $1,700 | $3,195 |
Browse Apartments in this Neighborhood
There are currently 17 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 1 Bed unit found at Silver Gardens Apartments priced from $740. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
| Millennium Flats | Unit Type B | Studio,1BA | $795 |
| 210 High St NE | 1 Beds, 1 Baths | 1BR,1BA | $825 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Imperial | Studio - Call for Availability | Studio,1BA | $900 |
Best Value Apartments for Rent in Downtown, NM
As of December 27, 2025 the best value apartment in the Downtown area is the $2.10 price per square foot Lancaster Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,095. The second greatest value Downtown apartment is the Hawthorn Model at Villa de San Felipe starting at $1,188 with a $1.59 price per square foot in the Hunning Highland 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 | $2.10 |
| Villa de San Felipe | Hawthorn | 2BR,1BA | $1.59 |
| 210 High St NE | 1 Beds, 1 Baths | 1BR,1BA | $1.27 |
| Silver Gardens Apartments | 1 Bedroom (60%) | 1BR,1BA | $1.54 |
| 505 Central Lofts | Corporate | Studio ,1BA | $2.11 |
| 1204 Sawmill Rd NW, Unit 1 | 1204 Sawmill Rd NW | 1BR,1BA | $2.36 |
| Imperial | Studio - Call for Availability | Studio ,1BA | $1.69 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Nine-O-Nine Apartments | Studio | Studio ,1BA | $2.26 |
| Alvarado Apartments | A | Studio ,1BA | $2.31 |
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 $1,188.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Silver Gardens Apartments which is listed at $740, while the average apartment in Downtown costs $1,750.
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 21 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.