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$775 - $795Studio Apartments Available Now
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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$799 - $1,275Studio to 2 Bedroom Apartments Available Now
Villa De San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
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$893 - $987Studio Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
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$897 - $1,054Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, NM 87102
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$975 - $1,125Studio Apartments Available Now
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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Rent Specials
$979 - $1,957Studio to 2 Bedroom Apartments Available Now
Alvarado Apartments
611 Lead Ave SWAlbuquerque, NM 87102
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$1,190 - $1,800Studio to 3 Bedroom Apartments Available Now
The Artisan @ Sawmill Village
1751 Bellamah Ave NWAlbuquerque, NM 87104
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Rent Specials
$1,195 - $1,395
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,395
Total Monthly Price
$1,195 - $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.
300 San Pasquale Ave NW
AlbuquerqueNM87104
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$1,300 - $1,800Studio Apartments Available Now
505 Central Lofts
505 Central Ave NWAlbuquerque, NM 87102
506 14th St NW
AlbuquerqueNM87104
621 High St SE
AlbuquerqueNM87102
300 Tijeras Ave NE, Unit 402
300 Tijeras Ave NE
AlbuquerqueNM87102
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$1,500 - $1,7501 Bedroom Apartments Available Jul 30
228 16th St NW
228 16th St NWAlbuquerque, NM 87104
721 Santa Fe Ave SW
AlbuquerqueNM87102
322 Broadway Blvd NE
AlbuquerqueNM87102
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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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
123 Walter St NE
AlbuquerqueNM87102
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1 to 2 Bedroom Apartments
816 Coal Ave SW
816 Coal 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
El Sol
1201 Iron Ave SWAlbuquerque, NM 87102
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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
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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.
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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
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Studio to 1 Bedroom Apartments
Mehran Lofts - Gold Avenue Realty, LLC
517 Gold Ave SWAlbuquerque, NM 87102
700 Fruit Ave NW
AlbuquerqueNM87102
704 Fruit Ave NW
AlbuquerqueNM87102
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1 Bedroom Apartments
873-895 Silver Ave SW
873-895 Silver Ave SWAlbuquerque, NM 87102
1419 Coal Ave SW
AlbuquerqueNM87102
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 to 3 Bedroom Apartments
Ten Ten Townhomes
1010-1024 Lead Ave SWAlbuquerque, NM 87102
515 Marble Ave
AlbuquerqueNM87102
500 Constitution Ave NW
AlbuquerqueNM87102
343 Platinum St SW
AlbuquerqueNM87102
Showing Results 1-44, 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 | $976 | $775 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,328 | $956 | $1,525 |
| Downtown 2 Bedroom Apartments | $1,713 | $1,275 | $2,200 |
| Downtown 3 Bedroom Apartments | $1,616 | $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 44 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 Millennium Flats priced from $775. Villa De San Felipe has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $775 |
| 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 |
| Zocalo Lofts | Studio | Studio,1BA | $975 |
| Alvarado Apartments | A | Studio,1BA | $979 |
| The Artisan @ Sawmill Village | Retail Space | Studio, | $1,190 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1,195 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio,1BA | $1,275 |
| 505 Central Lofts | Studio | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Downtown, NM
As of July 12, 2026 the best value apartment in the Downtown area is the $2.12 price per square foot Dover Building A & B Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,150. The second greatest value Downtown apartment is the Studio Model at 505 Central Lofts starting at $1,300 with a $1.76 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 | Dover Building A & B | 2BR,2BA | $2.12 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| Mehran Lofts - Gold Avenue Realty, LLC | 0BR/1.0BA | Studio ,1BA | $1.78 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.68 |
| Alvarado Apartments | A1 | 1BR,1BA | $2.31 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Zocalo Lofts | Studio | Studio ,1BA | $2.11 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $2.01 |
| Villa De San Felipe | 0 x 1 B | Studio ,1BA | $1.99 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.52 |
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 $1,300.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Nine-O-Nine Apartments which is listed at $1,195, while the average apartment in Downtown costs $1,652.
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 1 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 $169 which is $1,483 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 Expert's 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 Expert's Guide to the High Desert City
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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
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I still recollect my first morning commute in Albuquerque.
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.