Cheap Apartments for Rent in the Downtown Reno Neighborhood of Reno, NV from $400 (25 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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Colony Studios & Apartments
Rent Specials
$740 - $1,144
Total Monthly Price

Total Monthly Price

Base Rent
$740 - $1,144

Total Monthly Price
$740 - $1,144
Studio Apartments Available Now

Colony Studios & Apartments

1000 Harvard WayReno, NV 89502
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 815 N Sierra St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

Studio Rentals

Available Now

815 N Sierra St

RenoNV89503

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The Rivet
$984 - $1,242
Total Monthly Price

Total Monthly Price

Base Rent
$877 - $1,135
Required Monthly Fees
$107

Total Monthly Price
$984 - $1,242
Studio Apartments Available Now

The Rivet

2050 Market StReno, NV 89502
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
property at 760 Moran St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

760 Moran St

RenoNV89502

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1247 W 1st St
Studio to 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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The Point Midtown
Studio Apartments

The Point Midtown

1901 S Virginia StReno, NV 89502
Student Housing
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Stone Creek Apartments
Studio to 1 Bedroom Apartments

Stone Creek Apartments

1250 W 2nd StReno, NV 89503
  • Utilities Included
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Park View Villas
1 to 2 Bedroom Apartments

Park View Villas

1800 Idlewild DrReno, NV 89509
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 Carriage Stone Senior Apartments priced from $525. Colony Studios & Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Downtown Reno apartments for rent in Reno, NV:

Apartment ListingModel NameBed/BathPriced From
Carriage Stone Senior Apartments1 Bed, 1 bath1BR,1BA$525
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$740
1247 W 1st St0 Beds, 1 BathsStudio,1BA$795
Sarrazin Arms Apartments0x1Studio,1BA$850
Park Willow ApartmentsUnit 305Studio,1BA$955

Best Value Apartments for Rent in Downtown Reno, NV

As of January 26, 2026 the best value apartment in the Downtown Reno area is the $0.55 price per square foot D1 Model at Canyon Flats in the in the North Valleys neighborhood starting from $736. The second greatest value Downtown Reno apartment is the 2 Bedrooms / 1 Bathroom Model at Regina Marie Apartments starting at $1,580 with a $1.66 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.
Canyon FlatsD14BR,4BA$0.55
Regina Marie Apartments2 Bedrooms / 1 Bathroom2BR,1BA$1.66
Idlewild2x22BR,2BA$1.31
1800 On Purdue2 bedroom 1 bath2BR,1BA$1.65
Sierra Townhomes2 bedroom 1 bath townhome2BR,1BA$1.85
Nevada Hills Apartments2 Beds, 2 baths2BR,2BA$1.78
Carriage Stone Senior Apartments2 Beds, 1 bath2BR,1BA$1.23
JONES 11401BR/1.0BA1BR,1BA$1.51
Park Willow ApartmentsUnit 305Studio ,1BA$1.47
645 Colorado River Blvd, Unit C645 Colorado River Blvd1BR,1BA$1.69

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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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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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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 $1,028.

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

The cheapest apartment in Downtown Reno is Carriage Stone Senior Apartments which is listed at $525, while the average apartment in Downtown Reno costs $2,268.

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 18 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 $252 which is $2,016 cheaper than the average rent for all rentals in Downtown Reno.

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

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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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.