
Cheap Apartments for Rent in the Downtown Reno Neighborhood of Reno, NV from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Reno area of Reno.


Total Monthly Price
Colony Studios & Apartments

The Point West University

Truckee River Terrace

815 N Sierra St

Reno Regency
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.

Total Monthly Price
The Rivet

ParcOne60

760 Moran St

1800 On Purdue

The Onyx at 695

Vintage at Citi Vista 55+ Apartments
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.

Trembling Leaves Apartments

Sarrazin Arms Apartments

The Plaza at 4th Street Apartments

Manzanita Inn Apartments

Chism Street Apartments

1247 W 1st St
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.

Locust Street Apartments

JONES 1140

The Point Midtown

Stone Creek Apartments

Park View Villas

Park Willow Apartments
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.

1680 Mill Street
Downtown Reno, Reno, NV Local Guide

How much does it cost to rent an apartment in Downtown Reno?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Reno Studio Apartments | $1,308 | $749 | $2,190 |
| Downtown Reno 1 Bedroom Apartments | $1,661 | $525 | $2,147 |
| Downtown Reno 2 Bedroom Apartments | $2,156 | $879 | $3,345 |
| Downtown Reno 3 Bedroom Apartments | $1,959 | $806 | $2,410 |
| Downtown Reno 4 Bedroom Apartments | $1,695 | $736 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Reno Neighborhood of Reno, NV.
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Downtown Reno, Reno, NV Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Carriage Stone Senior Apartments | 1 Bed, 1 bath | 1BR,1BA | $525 |
| Colony Studios & Apartments | Renovated Dorm Style Studio | Studio,1BA | $740 |
| 1247 W 1st St | 0 Beds, 1 Baths | Studio,1BA | $795 |
| Sarrazin Arms Apartments | 0x1 | Studio,1BA | $850 |
| Park Willow Apartments | Unit 305 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canyon Flats | D1 | 4BR,4BA | $0.55 |
| Regina Marie Apartments | 2 Bedrooms / 1 Bathroom | 2BR,1BA | $1.66 |
| Idlewild | 2x2 | 2BR,2BA | $1.31 |
| 1800 On Purdue | 2 bedroom 1 bath | 2BR,1BA | $1.65 |
| Sierra Townhomes | 2 bedroom 1 bath townhome | 2BR,1BA | $1.85 |
| Nevada Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.78 |
| Carriage Stone Senior Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.23 |
| JONES 1140 | 1BR/1.0BA | 1BR,1BA | $1.51 |
| Park Willow Apartments | Unit 305 | Studio ,1BA | $1.47 |
| 645 Colorado River Blvd, Unit C | 645 Colorado River Blvd | 1BR,1BA | $1.69 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 Reno, Reno, NV
Mount Rose Elementary School
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 $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

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.

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.

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.