
Cheap Homes for Rent in the Downtown El Paso Neighborhood of El Paso, TX from $450 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown El Paso area of El Paso.


119 W Nevada Ave, Unit Nevada

1005 Arizona Ave

1009 N Florence St

2115 N Kansas 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

1009 N Florence St

1030 Wyoming Ave

1104 Myrtle

310 Park St, Unit 3

2115 N Kansas St
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.

1526 Yandell Dr, Unit 1

317 Park

1908 Olive Ave

1820 Montana Ave, Unit 17

2315 Myrtle Ave, Unit D
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.

1909 Yandell Dr
Downtown El Paso, El Paso, TX Local Guide

How much does it cost to rent a home in Downtown El Paso?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown El Paso 2 Bedroom Homes for Rent | $1,518 | $899 | $2,250 |
| Downtown El Paso 3 Bedroom Homes for Rent | $1,680 | $1,300 | $2,000 |
| Downtown El Paso 4 Bedroom Homes for Rent | $3,495 | $3,495 | $3,495 |
| Downtown El Paso 5 Bedroom Homes for Rent | $2,497 | $1,995 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 1 Bed unit found at 1108 Myrtle priced from $580. Ramey Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Downtown El Paso apartments for rent in El Paso, TX:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1108 Myrtle | 1BR/1.0BA | 1BR,1BA | $580 |
| Ramey Apartments | Studio | Studio,1BA | $725 |
| THE 501- Downtown living | A1 | 1BR,1BA | $879 |
| Savoy Lofts | A1 | Studio,1BA | $900 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $949 |
Best Value Apartments for Rent in Downtown El Paso, TX
As of August 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Townhomes at 1400 N. Kansas at River | B4 | 2BR,1.5BA | $1.32 |
| La Mariposa Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.22 |
| Diplomat Apartments | 1 Bedroom | 1BR,1BA | $1.19 |
| Magoffin Park Villas | A1 | 1BR,1BA | $1.52 |
| 1944 Arizona Ave | 1944 Arizona Ave | 1BR,1BA | $2.75 |
| Savoy Lofts | A1 | Studio ,1BA | $1.53 |
| Ramey Apartments | Studio | Studio ,1BA | $1.45 |
| THE 501- Downtown living | A1 | 1BR,1BA | $1.86 |
| 1014 Brown St | 1014 Brown St | Studio ,1BA | $3.43 |
| 1108 Myrtle | 1BR/1.0BA | 1BR,1BA | $1.71 |
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
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.
Read ArticleReal 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.
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
Frequently Asked Questions about Downtown El Paso
What type of rentals are currently available in Downtown El Paso?
There are currently 423 Apartments for Rent in Downtown El Paso, TX with pricing that ranges from $395 to $2,200. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown El Paso ranging from $450 to $3,495.
What is the current price range for Rental Homes in Downtown El Paso?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown El Paso ranges from $450 to $3,495 with an average monthly rent of $1,369.
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

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.

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.