Cheap Apartments for Rent in the Downtown Sacramento Neighborhood of Sacramento, CA from $500 (103 Rentals)

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

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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property at 1416 T St

$1,275

1 Bedroom Rentals

Available Now

1416 T St

SacramentoCA95811

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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property at 1125 F St

$1,350 - $1,395

1 Bedroom Rentals

Available Now

1125 F St

SacramentoCA95814

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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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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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
D Street ApartmentsStudioStudio,1BA$1,195
Track 281 ApartmentsStudio AB UpstairsStudio,1BA$1,199
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1,240
WexlerC1 XL Private3BR,3BA$1,244
1525 22nd StStudioStudio,1BA$1,295
The Eleven HundredStudioStudio,1BA$1,299

Best Value Apartments for Rent in Downtown Sacramento, CA

As of January 19, 2026 the best value apartment in the Downtown Sacramento area is the $1.74 price per square foot 1701 P St Model at 1701 P St, Unit A -Downstairs in the in the Downtown Sacramento neighborhood starting from $2,150. The second greatest value Downtown Sacramento apartment is the 2BR/1.0BA Model at The Oaks at Bell starting at $1,725 with a $1.68 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.
1701 P St, Unit A -Downstairs1701 P St2BR,1BA$1.74
The Oaks at Bell2BR/1.0BA2BR,1BA$1.68
Woodlake Close2x22BR,2BA$1.90
The Pointe TownhomesTownhome2BR,1.5BA$1.80
Reserve at Cadillac ApartmentsOne Bedroom w/ Den1BR,1BA$1.79
Sierra Regency ApartmentsSierra Grand2BR,1.5BA$1.83
Twelve55 LivingRoom in 2 bedroom2BR,2BA$1.18
Hornet Commons Student Housing2DX22BR,2BA$1.44
Howe Manor East Apartments1BR/1.0BA1BR,1BA$1.95
Woodlake Terrace Apartments1 Bed, 1 bath1BR,1BA$1.91

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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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 $1,299.

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 $2,557.

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 131 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 $556 which is $2,001 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 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.

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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.

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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.