
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.


Millennium Flats - Washer-Dryer Included

Villa de San Felipe

1107 Tijeras Ave NW

Union 505

Imperial

Zocalo Lofts
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Peaks at Sandia View

707 12th St SW

Alvarado Apartments
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Downtown, Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Studio Apartments | $960 | $740 | $1,364 |
Downtown 1 Bedroom Apartments | $1,228 | $740 | $2,399 |
Downtown 2 Bedroom Apartments | $1,665 | $1,250 | $2,662 |
Downtown 3 Bedroom Apartments | $1,681 | $1,332 | $2,200 |
Downtown 4 Bedroom Apartments | $1,999 | $1,999 | $1,999 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albuquerque, NM.
See all Apartments in AlbuquerqueExplore Albuquerque
Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Albuquerque, NM is a 1 Bed unit found at Silver Gardens Apartments priced from $740. Millennium Flats - Washer-Dryer Included has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $745 |
Union 505 | Studio | Studio,1BA | $840 |
Villa de San Felipe | Broadway | Studio,1BA | $872 |
Best Value Apartments for Rent in Downtown, NM
As of May 12, 2025 the best value apartment in the Downtown area is the $1.54 price per square foot Fully Furnished & Decorated Model at Sunport Luxury Townhomes in the in the Southeast Quadrant neighborhood starting from $2,900. The second greatest value Downtown apartment is the Three Bedroom, Two Bath with Balcony Model at Zocalo Lofts starting at $1,925 with a $1.61 price per square foot in the Netherwood Park neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sunport Luxury Townhomes | Fully Furnished & Decorated | 5BR,5BA | $1.54 |
Zocalo Lofts | Three Bedroom, Two Bath with Balcony | 3BR,2BA | $1.61 |
Poblana Place | P 2/2 | 2BR,2BA | $1.83 |
873-895 Silver Ave SW | Amazing | 1BR,1BA | $1.50 |
El Parador | Type A | 1BR,1BA | $2.06 |
Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
Peaks at Sandia View | 1x1R-640 | 1BR,1BA | $1.64 |
Valley Apartments | Azure Platinum | 1BR,1BA | $1.72 |
210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.49 |
Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $1.90 |
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 $1,120.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Silver Gardens Apartments which is listed at $740, while the average apartment in Downtown costs $2,499.
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 12 regular apartments in Downtown 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?
Cheap apartments in Downtown have an average cost of $270 which is $2,229 cheaper than the average rent for all rentals in Downtown.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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