208 High St NE
AlbuquerqueNM87102
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.
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$740 - $956Studio to 1 Bedroom Apartments Available Now
Silver Gardens Apartments
100 Silver Ave SWAlbuquerque, NM 87102
401 14th St NW
AlbuquerqueNM87104
1210 Central Ave SW
AlbuquerqueNM87102
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$820Studio Apartments Available Now
Millennium Flats
1020 Central Ave SWAlbuquerque, NM 87102
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$850 - $1,301Studio to 2 Bedroom Apartments Available Now
Villa de San Felipe
501 Coal Ave SWAlbuquerque, NM 87102
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Rent Specials
$897 - $956Studio to 1 Bedroom Apartments Available Now
Silver Moon Lodge
901 Park Ave SWAlbuquerque, 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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$900 - $1,025Studio Apartments Contact Us For Availability
Zocalo Lofts
400 Coal Ave SWAlbuquerque, NM 87102
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$900 - $1,275Studio to 2 Bedroom Apartments Available Now
Imperial
205 Silver Ave SWAlbuquerque, 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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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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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
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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Studio to 1 Bedroom Apartments
210 High St NE
210 High St NEAlbuquerque, NM 87102
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Studio Apartments
Carousel
401 14th StAlbuquerque, NM 87104
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1 to 2 Bedroom Apartments
Villa Nueva Senior Apartments
990 18th St NWAlbuquerque, NM 87104
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1 to 3 Bedroom Apartments
Sawmill Lofts
1801 Bellamah Ave 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
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.
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 | $1,127 | $735 | $1,800 |
| Downtown 1 Bedroom Apartments | $1,222 | $740 | $1,750 |
| Downtown 2 Bedroom Apartments | $1,601 | $1,275 | $2,150 |
| Downtown 3 Bedroom Apartments | $1,700 | $1,700 | $1,700 |
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 El Sol priced from $725. 210 High St NE has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| El Sol | 1 Bedroom 1 Bath - 38709 | 1BR,1BA | $725 |
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
| Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
| Carousel | 0 Bedroom 1 Bath - 38720 | Studio,1BA | $740 |
| Millennium Flats | Unit Type B | Studio,1BA | $820 |
Best Value Apartments for Rent in Downtown, NM
As of February 25, 2026 the best value apartment in the Downtown area is the $1.38 price per square foot 505 Walter St SE Model at 505 Walter St SE in the in the Netherwood Park neighborhood starting from $1,450. The second greatest value Downtown apartment is the 1 Bedroom 1 Bath - 38725 Model at Anthea starting at $1,155 with a $1.67 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. |
|---|---|---|---|
| 505 Walter St SE | 505 Walter St SE | 2BR,1BA | $1.38 |
| Anthea | 1 Bedroom 1 Bath - 38725 | 1BR,1BA | $1.67 |
| El Sol | 1 Bedroom 1 Bath - 38709 | 1BR,1BA | $1.13 |
| Silver Gardens Apartments | 1 Bedroom (60%) | 1BR,1BA | $1.54 |
| 505 Central Lofts | Corporate | Studio ,1BA | $2.11 |
| Mehran Lofts - Gold Avenue Realty, LLC | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Carousel | 0 Bedroom 1 Bath - 38721 | Studio ,1BA | $1.50 |
| Imperial | Studio - Call for Availability | Studio ,1BA | $1.69 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
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 $1,000.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is El Sol which is listed at $725, while the average apartment in Downtown costs $1,700.
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 30 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Articles, How-To's, and Tips
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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.