2101 New York Ave SW
AlbuquerqueNM87104
Cheap Homes for Rent in the Downtown Neighborhood of Albuquerque, NM from $1,275 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albuquerque.
700 Fruit Ave NW
AlbuquerqueNM87102
509 Walter St SE
AlbuquerqueNM87102
505 Marble Ave NW
AlbuquerqueNM87102
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.
1306 Los Tomases Dr NW
AlbuquerqueNM87102
524 Central Ave SW
AlbuquerqueNM87102
219 Stover Ave SW
AlbuquerqueNM87102
343 Platinum St 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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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 | $2,034 | $1,340 | $2,475 |
| Downtown 3 Bedroom Homes for Rent | $2,299 | $1,800 | $2,599 |
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Browse Homes for Rent in this Neighborhood
There are currently 8 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 $799. Silver Gardens Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $811. 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 A | Studio,1BA | $799 |
| Silver Gardens Apartments | Studio (50%) | Studio,1BA | $811 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
Best Value Apartments for Rent in Downtown, NM
As of August 24, 2026 the best value apartment in the Downtown area is the $1.76 price per square foot Studio Model at 505 Central Lofts in the in the Netherwood Park neighborhood starting from $1,300. The second greatest value Downtown apartment is the 2x2 A Model at One Central starting at $1,600 with a $2.21 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 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 | $1.53 |
| Huning Castle Apartments | Balmoral Building A & B | 1BR,1BA | $2.74 |
| Alvarado Apartments | A1 | 1BR,1BA | $2.35 |
| 228 16th St NW | 1BR | 1BR,1BA | $2.78 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Silver Gardens Apartments | Studio (50%) | Studio ,1BA | $1.82 |
| Sage at 601 | 0 x 1 A | Studio ,1BA | $2.18 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 165 Apartments for Rent in Downtown, NM with pricing that ranges from $750 to $2,295. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,275 to $3,000.
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 $1,275 to $3,000 with an average monthly rent of $2,011.
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
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Articles, How-To's, and Tips
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