Cheap Apartments for Rent in the Downtown Neighborhood of Topeka, KS from $400 (19 Rentals)

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

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315 SW 4th St
2 Bedroom Apartments

315 SW 4th St

315 SW 4th StTopeka, KS 66603

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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919 SW Tyler St
Studio to 1 Bedroom Apartments

919 SW Tyler St

919 SW Tyler StTopeka, KS 66612
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727 SW Polk St
Studio Apartments

727 SW Polk St

727 SW Polk StTopeka, KS 66603

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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49 on Polk Apartments
Studio to 2 Bedroom Apartments

49 on Polk Apartments

1205 SW Polk StTopeka, KS 66612
  • Utilities Included
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Polk Plaza
Studio Apartments

Polk Plaza

1312 SW Polk StTopeka, KS 66612
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Eden Court
Studio to 2 Bedroom Apartments

Eden Court

817 SW Tyler StTopeka, KS 66612
  • Utilities Included

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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Showing Results 1-19, Page 1 of 1

Downtown, Topeka, KS Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Topeka, KS is a Studio unit found at Capital Corner priced from $423. Madison Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here are the most affordable Downtown apartments for rent in Topeka, KS:

Apartment ListingModel NameBed/BathPriced From
Capital CornerStudioStudio,1BA$423
Madison Street ApartmentsEfficiencyStudio,1BA$525
Bentley PlaceONE BEDROOM1BR,1BA$550
The Village at Old Town1Bed1BR,1BA$615
Chartwell ApartmentsStudioStudio,1BA$625

Best Value Apartments for Rent in Downtown, KS

As of May 07, 2026 the best value apartment in the Downtown area is the $1.31 price per square foot 301 Model at Kansas Avenue Lofts in the in the East Topeka neighborhood starting from $1,400. The second greatest value Downtown apartment is the 1 Bedroom Model at Madison Street Apartments starting at $625 with a $0.91 price per square foot in the East Topeka neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kansas Avenue Lofts3012BR,1BA$1.31
Madison Street Apartments1 Bedroom1BR,1BA$0.91
Chartwell ApartmentsStudioStudio ,1BA$1.04
Harrison Street Apartments1-bedrooms1BR,1BA$1.21
Bentley PlaceONE BEDROOM1BR,1BA$1.00
Capital CornerOne Bedroom1BR,1BA$1.01
The Village at Old Town1Bed1BR,1BA$1.27
The Kapital ApartmentsJunior 1-BedStudio ,1BA$1.90
Milestone StudiosStudioStudio ,1BA$2.38

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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Best Local Schools in
Downtown, Topeka, KS

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

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

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Capital Corner which is listed at $528, while the average apartment in Downtown costs $1,025.

What types of apartments are the cheapest in Downtown?

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 3 regular apartments in Downtown 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.