401 14th St NW
AlbuquerqueNM87104
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $569 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
115 Walter St NE
AlbuquerqueNM87102
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Rent Specials
$795Studio Apartments Available Sep 10
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
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Rent Specials
$799 - $1,325Studio to 2 Bedroom Apartments Available Now
Sage at 601
501 Coal Ave SWAlbuquerque, NM 87102
412 10th St SW
AlbuquerqueNM87102
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$865 - $1,2571 to 2 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
612 Arno St SE
AlbuquerqueNM87102
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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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$925 - $1,025Studio Apartments Contact Us For Availability
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.
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$1,025 - $1,957Studio to 2 Bedroom Apartments Available Now
Alvarado Apartments
611 Lead Ave SWAlbuquerque, NM 87102
300 San Pasquale Ave NW
AlbuquerqueNM87104
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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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$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
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$1,300 - $1,800Studio Apartments Available Now
505 Central Lofts
505 Central Ave NWAlbuquerque, NM 87102
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$1,300 - $1,700
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,300 - $1,700
Total Monthly Price
$1,300 - $1,700
1204 Sawmill Rd NW
1204 Sawmill Rd NWAlbuquerque, NM 87104
505 Marble Ave NW
AlbuquerqueNM87102
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$1,500 - $1,7501 Bedroom Apartments Available Now
228 16th St NW
228 16th St NWAlbuquerque, NM 87104
721 Santa Fe Ave SW
AlbuquerqueNM87102
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Rent Specials
$1,6002 Bedroom Apartments Available Now
One Central
1 Central Ave NWAlbuquerque, NM 87102
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1 to 2 Bedroom Apartments
1420 4th St NW
1420-1422 4th St NWAlbuquerque, NM 87102
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Studio Apartments
217 Walter St NE
217 Walter St NEAlbuquerque, 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
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
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1 to 2 Bedroom Apartments
Villa Nueva Senior Apartments
990 18th St NWAlbuquerque, NM 87104
Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.
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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
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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
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
Hacienda South
816 Coal Ave SWAlbuquerque, 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
2101 New York Ave SW
AlbuquerqueNM87104
700 Fruit Ave NW
AlbuquerqueNM87102
1306 Los Tomases Dr NW
AlbuquerqueNM87102
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1 Bedroom Apartments
873-895 Silver Ave SW
873-895 Silver Ave SWAlbuquerque, NM 87102
600 Central Ave SW
AlbuquerqueNM87102
509 Walter St SE
AlbuquerqueNM87102
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 3 Bedroom Apartments
Ten Ten Townhomes
1010-1024 Lead Ave SWAlbuquerque, NM 87102
Showing Results 1-46, 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 | $964 | $750 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,298 | $865 | $1,700 |
| Downtown 2 Bedroom Apartments | $1,637 | $1,257 | $2,295 |
| Downtown 3 Bedroom Apartments | $1,624 | $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 46 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 Sage at 601 priced from $815. Silver Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sage at 601 | 0 x 1 C | Studio,1BA | $815 |
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $865 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Hacienda South | 1BR/1.0BA | 1BR,1BA | $1,150 |
| The Artisan @ Sawmill Village | Retail Space | Studio, | $1,190 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1,195 |
| Alvarado Apartments | A1 PR | 1BR,1BA | $1,225 |
| 505 Central Lofts | Studio | Studio,1BA | $1,300 |
| 228 16th St NW | 1BR | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Downtown, NM
As of August 26, 2026 the best value apartment in the Downtown area is the $2.28 price per square foot Edinburgh Building A Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,295. The second greatest value Downtown apartment is the Two Bedroom, Two Bath (60%) Model at Silver Gardens Apartments starting at $1,257 with a $1.59 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 | Edinburgh Building A | 2BR,2BA | $2.28 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) | 2BR,2BA | $1.59 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| One Central | 2x2 A | 2BR,2BA | $2.21 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.68 |
| Hacienda South | 1BR/1.0BA | 1BR,1BA | $1.77 |
| Alvarado Apartments | A1 PR | 1BR,1BA | $2.18 |
| 228 16th St NW | 1BR | 1BR,1BA | $2.78 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Sage at 601 | 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 $1,500.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Silver Gardens Apartments which is listed at $865, while the average apartment in Downtown costs $1,325.
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 2 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 $204 which is $1,121 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
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.
Albuquerque Uncovered: Your Local Expert's 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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.