
Cheap Apartments for Rent in the Downtown El Paso Neighborhood of El Paso, TX from $400 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown El Paso area of El Paso.


1300 N Oregon St

1100 Myrtle Ave

1211 N Ochoa St

Highlander Apartments

705 N St Vrain St

2221 Bassett Ave
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.

Ramey Apartments

701 W Yandell Dr

3117 Cypress Ave

1707 N Stanton St

1906 Yandell Dr

D Lamar Apartments

Guillen Meadows
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.

1601 El Paso St

The Pearl Apartments

Tres Vistas

610 Prospect

Cliff Terrace & On the Hill Apartments

The Wallace Apartments

Blue Flame Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Martin Lofts

410 W Yandell

Wyoming Pearl

1026 Myrtle Ave

1415 Brown St

412 W. Yandell Drive

1024 N Oregon St
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

1012-1016 N Oregon St

1201 N St Vrain St

1217 N Mesa
Downtown El Paso, El Paso, TX Local Guide

How much does it cost to rent an apartment in Downtown El Paso?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown El Paso Studio Apartments | $780 | $450 | $1,350 |
| Downtown El Paso 1 Bedroom Apartments | $952 | $675 | $1,525 |
| Downtown El Paso 2 Bedroom Apartments | $1,379 | $625 | $2,750 |
| Downtown El Paso 3 Bedroom Apartments | $1,341 | $999 | $1,985 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Downtown El Paso Neighborhood of El Paso, TX.
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Downtown El Paso, El Paso, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ramey Apartments | Studio | Studio,1BA | $725 |
| 1707 N Stanton St | 1 Bed/1 Bath | 1BR,1BA | $750 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
| THE 501- Downtown living | B4 | 2BR,1BA | $979 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,100 |
| Magoffin Park Villas | Plan B2- Upgrade* | 2BR,2BA | $1,375 |
| The Townhomes at 1400 N. Kansas at River | C2 | 2BR,1BA | $1,795 |
Best Value Apartments for Rent in Downtown El Paso, TX
As of March 07, 2026 the best value apartment in the Downtown El Paso area is the $1.32 price per square foot C2 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 Plan B2- Upgrade* Model at Magoffin Park Villas starting at $1,375 with a $1.25 price per square foot in the Segundo Barrio neighborhood. Here is today’s list of the best values for Downtown El Paso apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Townhomes at 1400 N. Kansas at River | C2 | 2BR,1.5BA | $1.32 |
| Magoffin Park Villas | Plan B2- Upgrade* | 2BR,2BA | $1.25 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| Diplomat Apartments | 2 Bedroom | 2BR,1.5BA | $1.81 |
| 1014 Brown St | 1014 Brown St | 2BR,1BA | $2.64 |
| 1707 N Stanton St | 1 Bed/1 Bath | 1BR,1BA | $1.15 |
| 1944 Arizona Ave | 1944 Arizona Ave | 1BR,1BA | $2.54 |
| THE 501- Downtown living | B4 | 2BR,1BA | $1.63 |
| Savoy Lofts | A1 | Studio ,1BA | $1.53 |
| Ramey Apartments | Studio | Studio ,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.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
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 $1,795.
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 $1,283.
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 6 regular apartments in Downtown El Paso that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown El Paso?
Cheap apartments in Downtown El Paso have an average cost of $475 which is $808 cheaper than the average rent for all rentals in Downtown El Paso.
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

An El Paso, TX Local Expert's Guide to Affordable Neighborhoods for Renters
Written by: Lori Rosario
El Paso has been inhabited for thousands of years and still has much to offer people of all ages and walks of life.

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.