
Cheap Homes for Rent in Downtown Neighborhood of Albuquerque, NM from $1,000 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albuquerque.


517 Gold Ave SW

1508 Edith Blvd NE

301 Central Ave NE

522 14th St NW
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.

301 Central Ave NE

300 Tijeras Ave NE

100 Broadway Blvd NE

100 Broadway Blvd NE

1506 Edith Blvd NE
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.

706 Fruit Ave NW

702 Fruit Ave NW

300 Tijeras Ave NE

300 Tijeras Ave NE

819 8th St NW
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.

505 Marble Ave NW
Downtown, Albuquerque, NM Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,099 | $1,399 | $5,200 |
| Downtown 3 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albuquerque, NM.
Explore Albuquerque
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Albuquerque, NM is a Studio unit found at 210 High St NE priced from $735. Villa De San Felipe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
| Villa De San Felipe | 1x1D | 1BR,1BA | $784 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
| Alvarado Apartments | A | Studio,1BA | $949 |
| 505 Central Lofts | Studio | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Downtown, NM
As of April 09, 2026 the best value apartment in the Downtown area is the $2.06 price per square foot Lancaster Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,050. The second greatest value Downtown apartment is the Two Bedroom, Two Bath (60%) - $200 Special Model at Silver Gardens Apartments starting at $1,141 with a $1.44 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 | Lancaster | 2BR,2BA | $2.06 |
| Silver Gardens Apartments | Two Bedroom, Two Bath (60%) - $200 Special | 2BR,2BA | $1.44 |
| Zocalo Lofts | Large One Bedroom | 1BR,1BA | $1.71 |
| 505 Central Lofts | Corporate | Studio ,1BA | $2.11 |
| Mehran Lofts | 1BR/1.0BA | 1BR,1BA | $1.76 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| 210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
| Nine-O-Nine Apartments | Studio | Studio ,1BA | $2.26 |
| Alvarado Apartments | A | Studio ,1BA | $2.20 |
| Villa De San Felipe | 0x1C | Studio ,1BA | $2.03 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 162 Apartments for Rent in Downtown, NM with pricing that ranges from $735 to $2,050. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,045 to $5,200.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,045 to $5,200 with an average monthly rent of $1,787.
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.