Cheap Apartments for Rent in the Downtown Reno Neighborhood of Reno, NV from $400 (26 Rentals)

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

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property at 544 Roberts St

544 Roberts St

RenoNV89502

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400UT
1 Bedroom Apartments

400UT

400 University TerReno, NV 89503
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1247 W 1st St
1 Bedroom Apartments

1247 W 1st St

1247 W 1st StReno, NV 89503
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JONES 1140
Studio to 1 Bedroom Apartments

JONES 1140

1140 Jones StReno, NV 89503
  • Utilities Included

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Stone Creek Apartments
Studio to 1 Bedroom Apartments

Stone Creek Apartments

1250 W 2nd StReno, NV 89503
  • Utilities Included
Showing Results 1-26, Page 1 of 1

Downtown Reno, Reno, NV Local Guide

Cheapest Available Downtown Reno Apartments for Rent

 

The cheapest available apartment rental in the Downtown Reno area of Reno, NV is a 1 Bed unit found at Sarrazin Arms Apartments priced from $525. Carriage Stone Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here are the most affordable Downtown Reno apartments for rent in Reno, NV:

Apartment ListingModel NameBed/BathPriced From
Sarrazin Arms Apartments1x11BR,1BA$525
Carriage Stone Senior Apartments1 Bed, 1 bath1BR,1BA$525
400UT1BR/1.0BA1BR,1BA$695
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$699
The RivetStudio SmallStudio,1BA$813
JONES 11400BR/1.0BAStudio,1BA$850
The Point West UniversityStudioStudio,1BA$899
Reno RegencyStudioStudio,1BA$954
The Onyx at 695Studio AStudio,1BA$995
1800 On Purdue1 bedroom 1 bath1BR,1BA$999

Best Value Apartments for Rent in Downtown Reno, NV

As of July 21, 2025 the best value apartment in the Downtown Reno area is the $1.81 price per square foot Two Bedroom TH Model at Riverside Park Apartments in the in the North Valleys neighborhood starting from $1,850. The second greatest value Downtown Reno apartment is the 3 Bed 2 Bath Renovated Model at The Park at Idlewild starting at $1,989 with a $1.98 price per square foot in the North Valleys neighborhood. Here is today’s list of the best values for Downtown Reno apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Riverside Park ApartmentsTwo Bedroom TH2BR,2BA$1.81
The Park at Idlewild3 Bed 2 Bath Renovated3BR,2BA$1.98
Idlewild2x22BR,2BA$1.31
1800 On Purdue2 bedroom 1 bath2BR,1BA$1.65
Carriage Stone Senior Apartments2 Beds, 1 bath2BR,1BA$1.23
Belli ApartmentsOne Bed/ One Bath1BR,1BA$1.70
DeLuxe ApartmentsLarge 2nd Floor FlatStudio ,1BA$2.18
Kirman Garden1 Bdr 1 Bath1BR,1BA$2.08
Nevada Hills Apartments1 Bed, 1 bath1BR,1BA$1.92
JONES 11400BR/1.0BAStudio ,1BA$1.70

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Reno, Reno, NV

Ranked #10

Among neighborhoods in Reno, NV for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Reno, Reno, NV

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Reno. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Reno Apartments

What is a cheap apartment in Downtown Reno?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Reno is under $999.

What is the price of a cheap apartment in Downtown Reno?

The cheapest apartment in Downtown Reno is Sarrazin Arms Apartments which is listed at $525, while the average apartment in Downtown Reno costs $2,060.

What types of apartments are the cheapest in Downtown Reno?

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 10 regular apartments in Downtown Reno 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 Reno?

Cheap apartments in Downtown Reno have an average cost of $216 which is $1,844 cheaper than the average rent for all rentals in Downtown Reno.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.