808 13th St NW
AlbuquerqueNM87102
Cheap Homes for Rent in Downtown Neighborhood of Albuquerque, NM from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albuquerque.
100 Broadway Blvd NE
AlbuquerqueNM87102
706 Fruit Ave NW
AlbuquerqueNM87102
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.
511 7th St SW
AlbuquerqueNM87102
1331 Park Ave SW, Unit 501
1331 Park Ave SW
AlbuquerqueNM87102
700 Fruit Ave NW
AlbuquerqueNM87102
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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Downtown, Albuquerque, NM Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,586 | $1,695 | $5,000 |
| Downtown 3 Bedroom Homes for Rent | $3,764 | $2,599 | $5,000 |
| Downtown 4 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 1 Bed unit found at Silver Gardens Apartments priced from $740. Millennium Flats has the second lowest priced unit, which is a Studio apartment currently listed from $795. 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 | Unit Type B | Studio,1BA | $795 |
| 210 High St NE | 1 Beds, 1 Baths | 1BR,1BA | $825 |
Best Value Apartments for Rent in Downtown, NM
As of December 24, 2025 the best value apartment in the Downtown area is the $2.10 price per square foot Lancaster Model at Huning Castle Apartments in the in the Silver Lofts neighborhood starting from $2,095. The second greatest value Downtown apartment is the Hawthorn Model at Villa de San Felipe starting at $1,188 with a $1.59 price per square foot in the Hunning Highland 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. |
|---|---|---|---|
| Huning Castle Apartments | Lancaster | 2BR,2BA | $2.10 |
| Villa de San Felipe | Hawthorn | 2BR,1BA | $1.59 |
| 210 High St NE | 1 Beds, 1 Baths | 1BR,1BA | $1.27 |
| Silver Gardens Apartments | 1 Bedroom (60%) | 1BR,1BA | $1.54 |
| 505 Central Lofts | Corporate | Studio ,1BA | $2.11 |
| 1204 Sawmill Rd NW, Unit 1 | 1204 Sawmill Rd NW | 1BR,1BA | $2.36 |
| Imperial | Studio - Call for Availability | Studio ,1BA | $1.69 |
| Silver Moon Lodge | Studio | Studio ,1BA | $1.76 |
| Nine-O-Nine Apartments | Studio | Studio ,1BA | $2.26 |
| Alvarado Apartments | A | Studio ,1BA | $2.31 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 161 Apartments for Rent in Downtown, NM with pricing that ranges from $740 to $3,195. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,295 to $5,000.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,295 to $5,000 with an average monthly rent of $2,438.
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
A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!