Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $600 (22 Rentals)

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

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property at 707 12th St SW

707 12th St SW

AlbuquerqueNM87102
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219 Walter St NE
1 Bedroom Apartments

219 Walter St NE

219-223 Walter St SEAlbuquerque, NM 87102
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Arcadia Courtyard
1 Bedroom Apartments

Arcadia Courtyard

1020 Park Ave SWAlbuquerque, NM 87102
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816 Coal Ave SW
1 Bedroom Apartments

816 Coal Ave SW

816 Coal Ave SWAlbuquerque, NM 87102

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210 High St NE
Studio Apartments

210 High St NE

210 High St NEAlbuquerque, NM 87102
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Sawmill Lofts
1 to 3 Bedroom Apartments

Sawmill Lofts

1801 Bellamah Ave NWAlbuquerque, NM 87104
  • Utilities Included
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Sterling Downtown
Studio Apartments

Sterling Downtown

800 Silver Ave SWAlbuquerque, NM 87102
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Downtown @ 700
Studio Apartments

Downtown @ 700

700 2nd St NWAlbuquerque, NM 87102
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The Crossroads
Studio Apartments

The Crossroads

315 Central Ave NWAlbuquerque, NM 87102
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The Franz
Studio Apartments

The Franz

1716 Central Ave NWAlbuquerque, NM 87104

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Casitas de Colores
2 to 3 Bedroom Apartments

Casitas de Colores

215 Lead Ave SWAlbuquerque, NM 87102
  • Utilities Included

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 ListingModel NameBed/BathPriced From
Silver Gardens Apartments1 Bedroom (50%)1BR,1BA$740
Millennium Flats - Washer-Dryer IncludedStudioStudio,1BA$740
210 High St NE0 Beds, 1 BathsStudio,1BA$745
Union 505StudioStudio,1BA$840
Villa de San FelipeBroadwayStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunport Luxury TownhomesFully Furnished & Decorated5BR,5BA$1.54
Zocalo LoftsThree Bedroom, Two Bath with Balcony3BR,2BA$1.61
Poblana PlaceP 2/22BR,2BA$1.83
873-895 Silver Ave SWAmazing1BR,1BA$1.50
El ParadorType A1BR,1BA$2.06
Nine-O-Nine ApartmentsOne Bedroom1BR,1BA$1.47
Peaks at Sandia View1x1R-6401BR,1BA$1.64
Valley ApartmentsAzure Platinum1BR,1BA$1.72
210 High St NE0 Beds, 1 BathsStudio ,1BA$1.49
Silver Gardens ApartmentsStudio (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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