Cheap Apartments for Rent in the Downtown Sacramento Neighborhood of Sacramento, CA from $500 (111 Rentals)

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

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2701 T St, Unit 2701
$1,057
Total Monthly Price

Total Monthly Price

Base Rent
$1,057
Total Monthly Price
$1,057
Studio Apartment Available Now

2701 T St, Unit 2701

2701 T StSacramento, CA 95816
Affordability
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1701 P St
$1,150 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,450
Total Monthly Price
$1,150 - $1,450
Studio to 1 Bedroom Apartment Available Now

1701 P St

1701 P StSacramento, CA 95811
Affordability

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Birchwood Meadows
Rent Specials
$1,250 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,275
Required Monthly Fees
$125
Total Monthly Price
$1,250 - $1,400
1 to 2 Bedroom Apartments Available Now

Birchwood Meadows

2732 San Jose WaySacramento, CA 95817
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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Studio30 Residences
$1,299 - $1,349
Total Monthly Price

Total Monthly Price

Base Rent
$1,119 - $1,169
Required Monthly Fees
$180
Total Monthly Price
$1,299 - $1,349
Studio Apartments Available Now

Studio30 Residences

500 16th StSacramento, CA 95814
Transit Friendly
  • Verified
  • Customer Reviewed
  • Low Income

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Sacramento's Best Affordable Neighborhoods

Learn about Sacramento and the best places to live with original content written by our Local Expert Carrie Catalano

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University River Village
Rent Specials
$1,375 - $2,725
Total Monthly Price

Total Monthly Price

Base Rent
$1,361 - $2,711
Required Monthly Fees
$14
Total Monthly Price
$1,375 - $2,725
1 to 3 Bedroom Apartments Available Now

University River Village

7901 La Riviera DrSacramento, CA 95826
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Fountains at Point West
$1,463 - $2,799
Total Monthly Price

Total Monthly Price

Base Rent
$1,153 - $2,489
Required Monthly Fees
$310
Total Monthly Price
$1,463 - $2,799
Studio to 3 Bedroom Apartments Available Now

Fountains at Point West

1761 Heritage LnSacramento, CA 95815
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Downtown Sacramento, Sacramento, CA Local Guide

Cheapest Available Downtown Sacramento Apartments for Rent

 

The cheapest available apartment rental in the Downtown Sacramento area of Sacramento, CA is a 2 Beds unit found at Twelve55 Living priced from $575. Ping Yuen Senior Community - 55 years + has the second lowest priced unit, which is a Studio apartment currently listed from $957. Here are the most affordable Downtown Sacramento apartments for rent in Sacramento, CA:

Apartment ListingModel NameBed/BathPriced From
Twelve55 LivingBed in 2 bedroom2BR,2BA$575
Ping Yuen Senior Community - 55 years +Studio, 1 bathStudio,1BA$957
The Golden LoftsEfficiency UnitsStudio,1BA$1,100
St. Anton Building Apartments1BR/1BA1BR,1BA$1,121
D Street ApartmentsStudioStudio,1BA$1,195
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1,240
Birchwood Meadows1x11BR,1BA$1,250
Track 281 ApartmentsStudio AB UpstairsStudio,1BA$1,250

Best Value Apartments for Rent in Downtown Sacramento, CA

As of March 23, 2026 the best value apartment in the Downtown Sacramento area is the $1.89 price per square foot Two Bedroom Model at Reserve at Cadillac Apartments in the in the River Park neighborhood starting from $1,989. The second greatest value Downtown Sacramento apartment is the D4 Model at Wexler starting at $981 with a $0.94 price per square foot in the Downtown Sacramento neighborhood. Here is today’s list of the best values for Downtown Sacramento apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Reserve at Cadillac ApartmentsTwo Bedroom2BR,1.5BA$1.89
WexlerD44BR,4BA$0.94
The Pointe TownhomesTownhome2BR,1.5BA$1.75
Woodlake Close2x22BR,2BA$1.90
Twelve55 LivingRoom in 2 bedroom2BR,2BA$1.23
1710 16th St, Unit 1710 16th St1710 16th St1BR,1BA$1.76
Hornet Commons Student Housing2DX22BR,2BA$1.44
St. Anton Building Apartments1BR/1BA1BR,1BA$1.49
Academy 65B1 Semi-Shared2BR,2BA$1.06
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1.91

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Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Beyond the Dorms: Finding Affordable and Convenient Student Housing in Sacramento

Find the perfect student rental in Sacramento. A local's guide to the best neighborhoods and housing near UC Davis, Sacramento State, and American River College (ARC), covering Midtown, East Sac, and more.

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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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The 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.

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Cash 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.

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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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Best Local Schools in
Downtown Sacramento, Sacramento, CA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across California and customized analysis for Central Sacramento. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, places to raise kids, proximity to transit, 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 Sacramento Apartments

What is a cheap apartment in Downtown Sacramento?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Sacramento is under $1,250.

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

The cheapest apartment in Downtown Sacramento is Ping Yuen Senior Community - 55 years + which is listed at $1,020, while the average apartment in Downtown Sacramento costs $2,587.

What types of apartments are the cheapest in Downtown Sacramento?

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 55 regular apartments in Downtown Sacramento 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 Sacramento?

Cheap apartments in Downtown Sacramento have an average cost of $547 which is $2,040 cheaper than the average rent for all rentals in Downtown Sacramento.

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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Finding an Affordable Gem: A Sacramento Locals Guide to the Best Bang-for-Your-Buck Neighborhoods to Rent

Written by: Carrie Catalano

Hi there, I'm Carrie, your ApartmentHomeLiving.com Local Expert for Sacramento, California. I was born and raised in Sacramento, and started my own family here.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.