
Cheap Apartments for Rent in the Downtown Neighborhood of Albuquerque, NM from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albuquerque.


Villa de San Felipe

Millennium Flats - Washer-Dryer Included

Silver Gardens Apartments

1210 Central Ave SW

Union 505

Valley Apartments

Zocalo Lofts

Imperial

Peaks at Sandia View

803 Marquette Ave NW
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 | $959 | $599 | $1,445 |
Downtown 1 Bedroom Apartments | $1,177 | $680 | $2,399 |
Downtown 2 Bedroom Apartments | $1,580 | $986 | $2,506 |
Downtown 3 Bedroom Apartments | $1,669 | $1,545 | $1,975 |
Downtown 4 Bedroom Apartments | $1,899 | $1,800 | $1,999 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albuquerque, NM.
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Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Albuquerque, NM is a Studio unit found at Sunport Luxury Townhomes priced from $499. 210 High St NE has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here are the most affordable Downtown apartments for rent in Albuquerque, NM:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Sunport Luxury Townhomes | Studio | Studio,1BA | $499 |
210 High St NE | 0 Beds, 1 Baths | Studio,1BA | $735 |
Silver Gardens Apartments | 1 Bedroom (50%) | 1BR,1BA | $740 |
Millennium Flats - Washer-Dryer Included | Studio | Studio,1BA | $740 |
Union 505 | Studio | Studio,1BA | $811 |
Zocalo Lofts | Studio | Studio,1BA | $900 |
Peaks at Sandia View | 1x1-640 | 1BR,1BA | $925 |
Alvarado Apartments | A | Studio,1BA | $1,025 |
Valley Apartments | Azure Platinum | 1BR,1BA | $1,041 |
Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Downtown, NM
As of April 03, 2025 the best value apartment in the Downtown area is the $1.50 price per square foot Amazing Model at 873-895 Silver Ave SW in the in the Hunning Highland neighborhood starting from $1,450. The second greatest value Downtown apartment is the E 2/2 Model at Poblana Place starting at $1,750 with a $1.84 price per square foot in the Northwest Quadrant 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. |
---|---|---|---|
873-895 Silver Ave SW | Amazing | 1BR,1BA | $1.50 |
Poblana Place | E 2/2 | 2BR,2BA | $1.84 |
El Parador | Type B | 1BR,1BA | $1.95 |
Nine-O-Nine Apartments | One Bedroom | 1BR,1BA | $1.47 |
The Artisan @ Sawmill Village | 1x1 Market 647 sq.ft. | 1BR,1BA | $2.09 |
Peaks at Sandia View | 1x1R-640 | 1BR,1BA | $1.48 |
Valley Apartments | Azure Platinum | 1BR,1BA | $1.71 |
210 High St NE | 0 Beds, 1 Baths | Studio ,1BA | $1.47 |
Zocalo Lofts | Studio | Studio ,1BA | $1.95 |
Silver Gardens Apartments | Studio (60%) | Studio ,1BA | $1.90 |
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at Sunport Luxury Townhomes listed at $499.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $740 at Silver Gardens Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,196 at Union 505.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.