Cheap Apartments for Rent in the Downtown Sacramento Neighborhood of Sacramento, CA from $500 (187 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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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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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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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. 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
Twelve55 LivingBed in 2 bedroom2BR,2BA$575
Wong Center Senior Apartments1 Bedroom Plan A11BR,1BA$723
WexlerC13BR,3BA$925
Ping Yuen Senior Community - 55 years +Studio, 1 bathStudio,1BA$957
The Golden LoftsEfficiency UnitsStudio,1BA$1,100
D Street ApartmentsStudioStudio,1BA$1,195
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1,240
Studio30 Residences0 Beds, 1 BathsStudio,1BA$1,299

Best Value Apartments for Rent in Downtown Sacramento, CA

As of May 07, 2026 the best value apartment in the Downtown Sacramento area is the $1.77 price per square foot 289 3rd St Model at 289 3rd St, Unit Unit 4 in the in the Downtown Sacramento neighborhood starting from $1,950. The second greatest value Downtown Sacramento apartment is the Two Bedroom Model at Reserve at Cadillac Apartments starting at $1,879 with a $1.79 price per square foot in the River Park 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.
289 3rd St, Unit Unit 4289 3rd St2BR,1BA$1.77
Reserve at Cadillac ApartmentsTwo Bedroom2BR,1.5BA$1.79
Sierra Regency ApartmentsSierra Peak2BR,2BA$1.94
Twelve55 LivingBed in 2 bedroom2BR,2BA$0.65
Mode2x12BR,1BA$1.91
Peacock ApartmentsTwo Bedroom One Bath2BR,1BA$1.86
Hornet Commons Student Housing2DX22BR,2BA$1.44
Academy 65B1 Semi-Shared2BR,2BA$1.06
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1.91
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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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 $1,299.

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 $2,560.

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 57 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 $586 which is $1,974 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

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

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.