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$790 - $820Studio Apartments Available Now
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
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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$799 - $1,253Studio to 2 Bedroom Apartments Available Now
Villa De San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
401 14th St NW
AlbuquerqueNM87104
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$893 - $1,307Studio to 2 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver 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
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$950
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$950
Total Monthly Price
$950
508 5th St SW, Unit C, Unit C
508 5th St SWAlbuquerque, NM 87102
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$975 - $1,445Studio to 1 Bedroom Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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$979 - $1,699Studio to 2 Bedroom Apartments Available Now
Alvarado Apartments
611 Lead Ave SWAlbuquerque, NM 87102
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$1,095 - $1,395
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,095 - $1,395
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$1,095 - $1,395
Nine-O-Nine Apartments
909 Tijeras Ave NWAlbuquerque, NM 87102
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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$1,190 - $1,800Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
300 San Pasquale Ave NW
AlbuquerqueNM87104
901 Slate Ave NW
AlbuquerqueNM87102
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$1,300 - $1,700
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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
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$1,300 - $1,800Studio Apartments Available Now
505 Central Lofts
505 Central Ave NWAlbuquerque, NM 87102
1506 Edith Blvd NE
AlbuquerqueNM87102
300 Tijeras Ave NE, Unit 409
300 Tijeras Ave NE
AlbuquerqueNM87102
201 Arno St NE, Unit 302
201 Arno St NE
AlbuquerqueNM87102
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$1,500 - $2,200Studio to 2 Bedroom Apartments Available Now
228 16th St NW
228 16th St 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.
505 Marble Ave NW
AlbuquerqueNM87102
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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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Studio to 1 Bedroom Apartments
210 High St NE
210 High St NEAlbuquerque, 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
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Studio Apartments
Carousel
401 14th StAlbuquerque, NM 87104
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1 to 3 Bedroom Apartments
Sawmill Lofts
1801 Bellamah Ave NWAlbuquerque, NM 87104
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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1 to 2 Bedroom Apartments
Villa Nueva Senior Apartments
990 18th St 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 2 Bedroom Apartments
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
614 11th St SW
AlbuquerqueNM87102
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Studio to 3 Bedroom Apartments
Casitas de Colores
215 Lead Ave SWAlbuquerque, NM 87102
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Studio to 1 Bedroom Apartments
The Franz
1716 Central Ave NWAlbuquerque, NM 87104
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
300 Tijeras Ave NE
AlbuquerqueNM87102
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Studio to 1 Bedroom Apartments
Mehran Lofts - Gold Avenue Realty, LLC
517 Gold Ave SWAlbuquerque, NM 87102
301 Central Ave NE
AlbuquerqueNM87102
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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 2 Bedroom Apartments
Old Town Casitas
200 Rio Grande Blvd SWAlbuquerque, NM 87104
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1 to 3 Bedroom Apartments
Anthea
950 4th St NWAlbuquerque, NM 87102
816 13th St NW
AlbuquerqueNM87102
706 Fruit Ave NW
AlbuquerqueNM87102
1503 Central Ave NW
AlbuquerqueNM87104
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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1 Bedroom Apartments
873-895 Silver Ave SW
873-895 Silver Ave SWAlbuquerque, NM 87102
1419 Coal Ave SW
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 | $979 | $790 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,302 | $950 | $1,700 |
| Downtown 2 Bedroom Apartments | $1,654 | $1,188 | $2,795 |
| Downtown 3 Bedroom Apartments | $1,629 | $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 $700. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $790. 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 | $700 |
| Millennium Flats | Unit Type A | Studio,1BA | $790 |
| Villa De San Felipe | 0 x 1 B | Studio,1BA | $799 |
| Silver Gardens Apartments | Studio (60%) | Studio,1BA | $893 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $979 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio,1BA | $1,075 |
| Nine-O-Nine Apartments | Studio | Studio,1BA | $1,095 |
| Zocalo Lofts | Modern One Bedroom, One Bathroom | 1BR,1BA | $1,145 |
Best Value Apartments for Rent in Downtown, NM
As of May 27, 2026 the best value apartment in the Downtown area is the $1.41 price per square foot 817 Slate Ave NW Model at 817 Slate Ave NW, Unit 817 in the in the Hunning Highland neighborhood starting from $1,690. The second greatest value Downtown apartment is the Edinburgh Building A Model at Huning Castle Apartments starting at $2,095 with a $2.08 price per square foot in the Silver Lofts 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. |
|---|---|---|---|
| 817 Slate Ave NW, Unit 817 | 817 Slate Ave NW | 2BR,1BA | $1.41 |
| Huning Castle Apartments | Edinburgh Building A | 2BR,2BA | $2.08 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio ,1BA | $1.50 |
| Zocalo Lofts | Modern One Bedroom, One Bathroom | 1BR,1BA | $1.77 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 508 5th St SW, Unit C | 508 5th St SW | 1BR,1BA | $1.90 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.40 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $2.01 |
| Villa De San Felipe | 0 x 1 C | 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 Alvarado Apartments which is listed at $999, 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 24 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 $687 which is $1,063 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.
Helpful Local Expert Guides
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.
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.
Albuquerque Uncovered: Your Local Experts 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.
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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.