Cheap Apartments for Rent in the Downtown El Paso Neighborhood of El Paso, TX from $500 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown El Paso area of El Paso.

El Paso's Best Affordable Neighborhoods

Learn about El Paso and the best places to live with original content written by Local Expert Lori Rosario

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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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D Lamar Apartments
1 Bedroom Apartments

D Lamar Apartments

717 Magoffin AveEl Paso, TX 79901
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Guillen Meadows
2 to 5 Bedroom Apartments

Guillen Meadows

621 E 9th AveEl Paso, TX 79901
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1601 El Paso St
Studio to 2 Bedroom Apartments

1601 El Paso St

1601 El Paso StEl Paso, TX 79902
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The Pearl Apartments
1 to 2 Bedroom Apartments

The Pearl Apartments

220 W Yandell DrEl Paso, TX 79902
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Tres Vistas
1 to 2 Bedroom Apartments

Tres Vistas

1600 Arizona AveEl Paso, TX 79902
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610 Prospect
Studio to 4 Bedroom Apartments

610 Prospect

610 Prospect StEl Paso, TX 79902
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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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The Wallace Apartments
Studio to 3 Bedroom Apartments

The Wallace Apartments

1201 RandolphEl Paso, TX 79902
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Blue Flame Apartments
Studio to 1 Bedroom Apartments

Blue Flame Apartments

304 Texas AveEl Paso, TX 79901
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Martin Lofts
Studio to 2 Bedroom Apartments

Martin Lofts

217 N Stanton StEl Paso, TX 79901
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410 W Yandell
Studio to 1 Bedroom Apartments

410 W Yandell

410 W Yandell DrEl Paso, TX 79902
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615 Arizona Ave
1 Bedroom Apartments

615 Arizona Ave

615 Arizona AveEl Paso, TX 79902
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1026 Myrtle Ave
1 to 2 Bedroom Apartments

1026 Myrtle Ave

1026 Myrtle AveEl Paso, TX 79901
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Wyoming Pearl
Studio to 2 Bedroom Apartments

Wyoming Pearl

917 Wyoming AveEl Paso, TX 79902
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1415 Brown St
Studio to 2 Bedroom Apartments

1415 Brown St

1415 Brown StEl Paso, TX 79902
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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412 W. Yandell Drive
Studio to 2 Bedroom Apartments

412 W. Yandell Drive

412 W Yandell DrEl Paso, TX 79902
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1024 N Oregon St
1 Bedroom Apartments

1024 N Oregon St

1024 N Oregon StEl Paso, TX 79902
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property at 308 Hills St

$795

2 Bedroom Rentals

Available Now

308 Hills St

El PasoTX79901
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1012-1016 N Oregon St
Studio to 2 Bedroom Apartments

1012-1016 N Oregon St

1012-1016 N Oregon StEl Paso, TX 79902
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1201 N St Vrain St
Studio to 2 Bedroom Apartments

1201 N St Vrain St

1201-1221 N St Vrain StEl Paso, TX 79902
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1217 N Mesa
Studio to 2 Bedroom Apartments

1217 N Mesa

1217 N Mesa StEl Paso, TX 79902
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property at 1908 Olive Ave

$800 - $900

1 Bedroom Rentals

Available Now

1908 Olive Ave

El PasoTX79901
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Sun Plaza Apartments
Studio to 3 Bedroom Apartments

Sun Plaza Apartments

1221 E San Antonio AveEl Paso, TX 79901
Senior Living
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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.

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Downtown El Paso, El Paso, TX Local Guide

Cheapest Available Downtown El Paso Apartments for Rent

 

The cheapest available apartment rental in the Downtown El Paso area of El Paso, TX is a Studio unit found at Ramey Apartments priced from $725. 1707 N Stanton St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown El Paso apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Ramey ApartmentsStudioStudio,1BA$725
1707 N Stanton St1 Bed/1 Bath1BR,1BA$750
Savoy LoftsA1Studio,1BA$900
Diplomat Apartments1 Bedroom1BR,1BA$949
La Mariposa Apartments2 Beds, 1 Baths2BR,1BA$1,100

Best Value Apartments for Rent in Downtown El Paso, TX

As of July 25, 2026 the best value apartment in the Downtown El Paso area is the $1.32 price per square foot B4 Model at The Townhomes at 1400 N. Kansas at River in the in the San Antonio neighborhood starting from $1,795. The second greatest value Downtown El Paso apartment is the 2 Beds, 1 Baths Model at La Mariposa Apartments starting at $1,100 with a $1.22 price per square foot in the San Antonio neighborhood. Here is today’s list of the best values for Downtown El Paso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Townhomes at 1400 N. Kansas at RiverB42BR,1.5BA$1.32
La Mariposa Apartments2 Beds, 1 Baths2BR,1BA$1.22
1305 E San Antonio Ave, Unit 1305 E San Antonio Unit B1305 E San Antonio Ave2BR,1BA$1.25
Diplomat Apartments1 Bedroom1BR,1BA$1.19
1211 Los Angeles Dr, Unit 2 bed1bath UTEP N DOWNTOW1211 Los Angeles Dr2BR,1BA$1.46
1707 N Stanton St2 Bed/1 Bath2BR,1BA$1.28
1014 N Virginia St, Unit 1 bd bath1014 N Virginia St1BR,1BA$1.19
1944 Arizona Ave1944 Arizona Ave1BR,1BA$2.67
Savoy LoftsA1Studio ,1BA$1.53
Ramey ApartmentsStudioStudio ,1BA$1.45

Where to Rent in El Paso: A Local's Guide to Apartments Near Major Universities

El Paso is affordable, friendly, and vibrant! Explore Downtown, Golden Hill, Mission Hills, and more to find your perfect apartment near campus.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Downtown El Paso, El Paso, TX

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Downtown El Paso, El Paso, and the greater El Paso area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown El Paso Apartments

What is a cheap apartment in Downtown El Paso?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown El Paso is under $1,100.

What is the price of a cheap apartment in Downtown El Paso?

The cheapest apartment in Downtown El Paso is 1707 N Stanton St which is listed at $750, while the average apartment in Downtown El Paso costs $1,267.

What types of apartments are the cheapest in Downtown El Paso?

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 7 regular apartments in Downtown El Paso 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

decorative image for Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities article

Where to Rent in El Paso: A Locals Guide to Apartments Near Major Universities

Written by: Lori Rosario

El Paso is a uniquely charming city with a rich culture and history.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.