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from $500Studio Apartments Available Now
1214 Forrester Ave NW
1214 Forrester Ave NWAlbuquerque, NM 87104
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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from $740Studio to 1 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
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from $740Studio Apartments Available Now
Millennium Flats - Washer-Dryer Included
1020 Central Ave SWAlbuquerque, NM 87102
421 Broadway Blvd SE
AlbuquerqueNM87102
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from $829Studio to 2 Bedroom Apartments Available Now
Union 505
801 Locust Pl NEAlbuquerque, NM 87102
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from $850Studio to 2 Bedroom Apartments Available Jul 9
Villa de San Felipe
501 Coal 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 2 Bedroom Apartments Contact Us For Availability
Imperial
205 Silver Ave SWAlbuquerque, NM 87102
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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 $9501 to 2 Bedroom Apartments Available Now
Peaks at Sandia View
1501 Indian School Rd NEAlbuquerque, NM 87102
902 11th St NW
AlbuquerqueNM87102
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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 1-22, 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 | $989 | $500 | $1,258 |
| Downtown 1 Bedroom Apartments | $1,252 | $740 | $2,399 |
| Downtown 2 Bedroom Apartments | $1,608 | $1,233 | $2,557 |
| Downtown 3 Bedroom Apartments | $1,911 | $1,507 | $2,595 |
| Downtown 4 Bedroom Apartments | $2,299 | $2,299 | $2,299 |
Browse Apartments in this Neighborhood
There are currently 22 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 |
| Union 505 | Studio | Studio,1BA | $829 |
| Zocalo Lofts | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Downtown, NM
As of June 18, 2025 the best value apartment in the Downtown area is the $1.54 price per square foot Fully Furnished & Decorated Model at Sunport Luxury Townhomes in the in the Southeast Quadrant neighborhood starting from $2,900. The second greatest value Downtown apartment is the Amazing Model at 873-895 Silver Ave SW starting at $1,450 with a $1.50 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. |
|---|---|---|---|
| Sunport Luxury Townhomes | Fully Furnished & Decorated | 5BR,5BA | $1.54 |
| 873-895 Silver Ave SW | Amazing | 1BR,1BA | $1.50 |
| Valley Apartments | River Platinum | 2BR,1BA | $1.64 |
| Cresta North Valley | 1 bed/1 bath | 1BR,1BA | $1.60 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
| The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
| Peaks at Sandia View | 1x1R-638 | 1BR,1BA | $1.57 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.49 |
| Zocalo Lofts | Studio | Studio ,1BA | $1.95 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $1.90 |
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 $1,265.
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 $2,499.
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 10 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 $261 which is $2,238 cheaper than the average rent for all rentals in Downtown.
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.