Cheap Apartments for Rent in the Downtown Sacramento Neighborhood of Sacramento, CA from $500 (173 Rentals)

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

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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2701 T St, Unit 2701
$1,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
Studio Apartment Available Now

2701 T St, Unit 2701

2701 T StSacramento, CA 95816
Affordability
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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.

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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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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.

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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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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 1 Bed unit found at Lofts at Globe Mills priced from $587. Wong Center Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $723. Here are the most affordable Downtown Sacramento apartments for rent in Sacramento, CA:

Apartment ListingModel NameBed/BathPriced From
Lofts at Globe MillsSenior Affordable1BR,1BA$587
Wong Center Senior Apartments1 Bedroom Plan A11BR,1BA$723
Ping Yuen Senior Community - 55 years +Studio, 1 bathStudio,1BA$957
1816 F St0 Beds, 1 BathsStudio,1BA$1,000
La Valentina ApartmentsStudioStudio,1BA$1,007
The Golden LoftsEfficiency UnitsStudio,1BA$1,100
ETHAN TERRACE1x11BR,1BA$1,110
1019 H St1 Beds, 1 Baths1BR,1BA$1,175
The Riverview (55+)Studio (Renovated)Studio,1BA$1,195
The Kress RoyalStudioStudio,1BA$1,195

Best Value Apartments for Rent in Downtown Sacramento, CA

As of June 22, 2026 the best value apartment in the Downtown Sacramento area is the $0.62 price per square foot D2 Model at The Crossings Student Apartments in the in the Downtown Sacramento neighborhood starting from $929. The second greatest value Downtown Sacramento apartment is the THE CASCADES Model at Fountains at Point West starting at $1,882 with a $1.64 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.
The Crossings Student ApartmentsD24BR,4BA$0.62
Fountains at Point WestTHE CASCADES2BR,2BA$1.64
289 3rd St, Unit 4289 3rd St2BR,1BA$1.77
Peacock ApartmentsTwo Bedroom One Bath2BR,1BA$1.59
The MezzoStudioStudio ,1BA$1.83
Hornet Commons Student Housing2DX22BR,2BA$1.45
Academy 65B1 Semi-Shared2BR,2BA$1.08
4439 V St1 Beds, 1 Baths1BR,1BA$1.85
1615 W St1 Beds, 1 Baths1BR,1BA$1.86
Wong Center Senior Apartments1 Bedroom Plan A21BR,1BA$1.42

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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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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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 $1,195.

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

The cheapest apartment in Downtown Sacramento is Lofts at Globe Mills which is listed at $587, while the average apartment in Downtown Sacramento costs $2,592.

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 48 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 $589 which is $2,003 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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.