Cheap Apartments for Rent in the Downtown Reno Neighborhood of Reno, NV from $490 (106 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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The Rivet
Rent Specials
$807 - $1,154

Total Monthly Price

Base Rent$797 - $1,144
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
Studio Apartments Available Now

The Rivet

2050 Market StReno, NV 89502
Corporate Housing
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  • Utilities Included
  • 3D Tour
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Truckee River Terrace
$880 - $1,380

Total Monthly Price

Base Rent$770 - $1,270
Required Monthly Fees$110

Total Monthly Price$880 - $1,380
Studio to 1 Bedroom Apartments Available Now

Truckee River Terrace

501 W 1st StReno, NV 89503
Affordability
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  • Smoke Free
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River Arms Apartments
$1,000 - $1,400

Total Monthly Price

Base Rent$1,000 - $1,400

Total Monthly PriceVaries
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

River Arms Apartments

1255 Jones StReno, NV 89503
Affordability
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  • Utilities Included
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Reno Regency
$1,020 - $1,680

Total Monthly Price

Base Rent$1,020 - $1,680

Total Monthly Price$1,020 - $1,680
Studio to 1 Bedroom Apartments Available Now

Reno Regency

590 Lake At 6th StReno, NV 89501
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  • Utilities Included
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ParcOne60
Rent Specials
$1,065 - $1,753

Total Monthly Price

Base Rent$1,065 - $1,753

Total Monthly Price$1,065 - $1,753
12 Month Lease Term
Studio to 1 Bedroom Apartments Available Now

ParcOne60

160 Sinclair StReno, NV 89501
Affordability
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  • Customer Reviewed
  • Low Income
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The Onyx at 695
Rent Specials
$1,099 - $1,560

Total Monthly Price

Base Rent$1,099 - $1,560

Total Monthly Price$1,099 - $1,560
12 Month Lease Term
Studio to 1 Bedroom Apartments Available Now

The Onyx at 695

695 W 3rd StReno, NV 89503
Affordability
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  • Customer Reviewed
  • 3D Tour

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.

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Gibson Apartments
$1,100 - $1,300

Total Monthly Price

Base Rent$1,100 - $1,300

Total Monthly Price$1,100 - $1,300
Studio to 1 Bedroom Apartments Contact Us For Availability

Gibson Apartments

441 W 2nd StReno, NV 89503
Affordability
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  • Utilities Included
property at 933-937 Ralston St
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability
property at 1035-1045 W 1st St
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom, 1 Bath Home for Rent
Available Sep 10
Affordability
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Sage by Vintage
Rent Specials
$1,183 - $1,415

Total Monthly Price

Base Rent$1,183 - $1,415

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Contact Us For Availability

Sage by Vintage

500 Stoker AveReno, NV 89503
Affordability
  • Verified
  • Low Income
  • 3D Tour
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217 E Taylor St
Rent Specials
$1,245 - $1,345

Total Monthly Price

Base Rent$1,245 - $1,345

Total Monthly Price$1,245 - $1,345
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

217 E Taylor St

217 E Taylor StReno, NV 89502
Affordability
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property at 822 Holcomb Ave
$1,195 - $1,245

Total Monthly Price

Base Rent$1,245

Total Monthly Price$1,245
1 Bedroom Rentals
Available Now
Affordability

822 Holcomb Ave

RenoNV89502
property at 793-799 Forest St
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability
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Kirman Garden
$1,295 - $1,755

Total Monthly Price

Base Rent$1,295 - $1,755

Total Monthly PriceVaries
12 Month Lease Term
1 to 2 Bedroom Apartments Available Sep 30

Kirman Garden

444 Kirman AveReno, NV 89502
Affordability
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  • 3D Tour

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.

property at 361 Gould St
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

361 Gould St

RenoNV89502
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Nevada Hills Apartments
$1,310 - $1,614

Total Monthly Price

Base Rent$1,310 - $1,614

Total Monthly Price$1,310 - $1,614
1 to 2 Bedroom Apartments Contact Us For Availability

Nevada Hills Apartments

1050 Nevada StReno, NV 89503
Pet Friendly
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  • Utilities Included
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Sierra Townhomes
Rent Specials
$1,350 - $1,545

Total Monthly Price

Base Rent$1,350 - $1,545

Total Monthly Price$1,350 - $1,545
12 Month Lease Term
2 Bedroom Apartments Contact Us For Availability

Sierra Townhomes

820 Ryland StReno, NV 89502
Affordability
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  • Customer Reviewed
  • Utilities Included
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Harvard Apartments
$1,350 - $1,700

Total Monthly Price

Base Rent$1,350 - $1,700

Total Monthly Price$1,350 - $1,700
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Harvard Apartments

1001 Harvard WayReno, NV 89502
Affordability
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  • Utilities Included
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320 Grand Canyon
$1,395 - $1,650

Total Monthly Price

Base Rent$1,395 - $1,650

Total Monthly Price$1,395 - $1,650
1 Bedroom Apartments Available Now

320 Grand Canyon

320 Grand Canyon BlvdReno, NV 89502
Affordability
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  • Utilities Included
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Moran Apartments
Rent Specials
$1,400 - $1,650

Total Monthly Price

Base Rent$1,400 - $1,650

Total Monthly Price$1,400 - $1,650
12 Month Lease Term
2 to 3 Bedroom Apartments Contact Us For Availability

Moran Apartments

725-745 Moran StReno, NV 89502
Cost Per Sq.Ft.
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Siegel Suites Nevadan
Rent Specials
$1,406 - $1,492

Total Monthly Price

Base Rent$1,406 - $1,492

Total Monthly Price$1,406 - $1,492
Studio Apartments Available Now

Siegel Suites Nevadan

133 N Virginia StReno, NV 89501
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  • Utilities Included
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Cal Ave
Rent Specials
$1,425 - $1,890

Total Monthly Price

Base Rent$1,425 - $1,890

Total Monthly Price$1,425 - $1,890
Studio Apartments Available Oct 23

Cal Ave

422 California AveReno, NV 89509
Corporate Housing
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  • Utilities Included
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Print Shop Lofts
Rent Specials
$1,450 - $1,550

Total Monthly Price

Base Rent$1,400 - $1,500
Required Monthly Fees$50

Total Monthly Price$1,450 - $1,550
12 Month Lease Term
Studio Apartments Available Now

The Print Shop Lofts

420 Valley RdReno, NV 89512
Affordability
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property at 1494 Lewis St
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
2 Bedroom, 2 Bath Home for Rent
Available Now
Affordability

1494 Lewis St

RenoNV89502
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Mill St Manor
Studio to 2 Bedroom Apartments

Mill St Manor

810 Mill StReno, NV 89502
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1247 W 1st St
Studio to 1 Bedroom Apartments

1247 W 1st St

1247 W 1st StReno, NV 89503

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Locust Apartments
Studio to 2 Bedroom Apartments

Locust Apartments

1700 Locust StReno, NV 89502
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The Point Midtown
Studio Apartments

The Point Midtown

1901 S Virginia StReno, NV 89502
Student Housing
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Park View Villas
1 to 2 Bedroom Apartments

Park View Villas

1800 Idlewild DrReno, NV 89509
  • 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
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480 S. Sierra
Studio to 1 Bedroom Apartments

480 S. Sierra

480 S Sierra StReno, NV 89501

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.

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 Studio unit found at Colony Studios & Apartments priced from $740. The Rivet has the second lowest priced unit, which is a Studio apartment currently listed from $807. Here are the most affordable Downtown Reno apartments for rent in Reno, NV:

Apartment ListingModel NameBed/BathPriced From
Colony Studios & ApartmentsRenovated Dorm Style StudioStudio,1BA$740
The RivetStudio SmallStudio,1BA$807
929 Willow St. Reno NV 895021BR/1.0BA1BR,1BA$950
480 S. SierraStudioStudio,1BA$975
Park Willow ApartmentsUnit 211Studio,1BA$993
Park VillaStudioStudio,1BA$995
Truckee River TerraceTruckee A1Studio,1BA$1,015
Reno RegencyStudioStudio,1BA$1,020
ParcOne600BD, 1BTHStudio,1BA$1,065
SPOKANE 6421BR/1.0BA1BR,1BA$1,075

Best Value Apartments for Rent in Downtown Reno, NV

As of September 09, 2026 the best value apartment in the Downtown Reno area is the $1.92 price per square foot Two Bedroom TH Model at Riverside Park Apartments in the in the North Valleys neighborhood starting from $1,963. The second greatest value Downtown Reno apartment is the 2x1 Model at Harvard Apartments starting at $1,550 with a $1.58 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$1.92
Harvard Apartments2x12BR,1BA$1.58
Idlewild2x22BR,2BA$1.31
101 Arletta Street2x12BR,1BA$1.82
Canyon FlatsB12BR,2BA$1.29
Regina Marie Apartments1 Bedroom / 1 Bathroom1BR,1BA$1.82
SPOKANE 6421BR/1.0BA1BR,1BA$1.54
River Arms ApartmentsOne Bedroom1BR,1BA$1.69
Park Willow ApartmentsUnit 211Studio ,1BA$1.54
245 W Taylor Street1BR/1.0BA1BR,1BA$1.92

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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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 $1,075.

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

The cheapest apartment in Downtown Reno is 929 Willow St. Reno NV 89502 which is listed at $950, while the average apartment in Downtown Reno costs $1,725.

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 9 regular apartments in Downtown Reno that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

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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.