123 Walter St NE
AlbuquerqueNM87102
Cheap Homes for Rent in the Downtown Neighborhood of Albuquerque, NM from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albuquerque.
1223 Coal Ave SW
AlbuquerqueNM87102
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
816 13th St NW
AlbuquerqueNM87102
700 Fruit Ave NW
AlbuquerqueNM87102
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.
704 Fruit Ave NW
AlbuquerqueNM87102
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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 | $2,055 | $1,050 | $5,200 |
| Downtown 3 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Millennium Flats priced from $775. Silver Gardens Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $893. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millennium Flats | Unit Type A | Studio,1BA | $775 |
| Silver Gardens Apartments | Studio (60%) | Studio,1BA | $893 |
| Silver Moon Lodge | Studio | Studio,1BA | $897 |
Best Value Apartments for Rent in Downtown, NM
As of July 09, 2026 the best value apartment in the Downtown area is the $2.12 price per square foot Dover Building A & B Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,150. The second greatest value Downtown apartment is the Studio Model at 505 Central Lofts starting at $1,300 with a $1.76 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 | Dover Building A & B | 2BR,2BA | $2.12 |
| 505 Central Lofts | Studio | Studio ,1BA | $1.76 |
| One Central | 2x2 ABB | 2BR,2BA | $2.56 |
| Mehran Lofts | 0BR/1.0BA | Studio ,1BA | $1.78 |
| Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.68 |
| Alvarado Apartments | A1 | 1BR,1BA | $2.31 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Zocalo Lofts | Studio | Studio ,1BA | $2.11 |
| Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $2.01 |
| Millennium Flats | Unit Type A | Studio ,1BA | $2.52 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 160 Apartments for Rent in Downtown, NM with pricing that ranges from $775 to $2,200. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $650 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 $650 to $5,200 with an average monthly rent of $1,845.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.