208 High St NE
AlbuquerqueNM87102
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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$740 - $902Studio to 1 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
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$850 - $1,301Studio 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 - $2,495Studio to 3 Bedroom 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 | $949 | $735 | $1,500 |
| Downtown 1 Bedroom Apartments | $1,228 | $740 | $1,900 |
| Downtown 2 Bedroom Apartments | $1,611 | $1,275 | $2,200 |
| Downtown 3 Bedroom Apartments | $1,870 | $1,700 | $2,495 |
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 Studio unit found at 210 High St NE priced from $735. Silver Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. 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 |
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
| Millennium Flats | Unit Type A | Studio,1BA | $765 |
| Villa de San Felipe | Chelsea | Studio,1BA | $850 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
Best Value Apartments for Rent in Downtown, NM
As of November 09, 2025 the best value apartment in the Downtown area is the $3.04 price per square foot 2x2 ABB Model at One Central in the in the Netherwood Park neighborhood starting from $2,200. The second greatest value Downtown apartment is the Studio - Call for Availability Model at Imperial starting at $900 with a $1.69 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. |
|---|---|---|---|
| One Central | 2x2 ABB | 2BR,2BA | $3.04 |
| Imperial | Studio - Call for Availability | Studio ,1BA | $1.69 |
| 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 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $1.90 |
| Alvarado Apartments | A | Studio ,1BA | $2.29 |
| The Artisan @ Sawmill Village | 1x1 Market 420 sq.ft. | 1BR,1BA | $3.51 |
| Villa de San Felipe | Chelsea | Studio ,1BA | $2.11 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.48 |
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 $1,600.
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 $1,700.
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 26 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.