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from $740Studio 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 $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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from $740Studio Apartments Available Now
Millennium Flats - Washer-Dryer Included
1020 Central Ave SWAlbuquerque, NM 87102
208 High St NE
AlbuquerqueNM87102
1210 Central Ave SW
AlbuquerqueNM87102
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from $850Studio to 2 Bedroom Apartments Available Jul 31
Villa de San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
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from $897Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, NM 87102
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from $900Studio to 2 Bedroom Apartments Contact Us For Availability
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
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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from $900Studio to 3 Bedroom Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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from $969Studio to 2 Bedroom Apartments Available Now
Alvarado Apartments
611 Lead Ave SWAlbuquerque, NM 87102
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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.
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Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi
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Showing Results 1-21, 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 | $958 | $740 | $1,150 |
| Downtown 1 Bedroom Apartments | $1,321 | $740 | $2,399 |
| Downtown 2 Bedroom Apartments | $1,695 | $1,275 | $2,222 |
| Downtown 3 Bedroom Apartments | $2,053 | $1,700 | $2,595 |
Browse Apartments in this Neighborhood
There are currently 21 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 - Washer-Dryer Included has the second lowest priced unit, which is a Studio 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 |
|---|---|---|---|
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
| Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $745 |
| Silver Moon Lodge | Studio 2 | Studio,1BA | $897 |
| Zocalo Lofts | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Downtown, NM
As of July 14, 2025 the best value apartment in the Downtown area is the $2.24 price per square foot 2x2 B Model at One Central in the in the Netherwood Park neighborhood starting from $1,650. The second greatest value Downtown apartment is the One Bedroom Model at Nine-O-Nine Apartments starting at $1,045 with a $1.47 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. |
|---|---|---|---|
| One Central | 2x2 B | 2BR,2BA | $2.24 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
| 210 High St NE | 1 Beds, 1 Baths | 1BR,1BA | $1.54 |
| The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
| Zocalo Lofts | Studio | Studio ,1BA | $1.95 |
| Silver Moon Lodge | Studio 2 | Studio ,1BA | $2.00 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $1.90 |
| Alvarado Apartments | A | Studio ,1BA | $2.24 |
| Millennium Flats - Washer-Dryer Included | Studio | Studio ,1BA | $2.40 |
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 $2,025.
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 13 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.
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.