Cheap Homes for Rent in Downtown El Paso Neighborhood of El Paso, TX from $500 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown El Paso area of El Paso.

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Downtown El Paso, El Paso, TX Local Guide

Cheapest Available Downtown El Paso Apartments for Rent

 

The cheapest available apartment rental in the Downtown El Paso area of El Paso, TX is a 1 Bed unit found at Prospect Street Apartments priced from $550. Loma Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $620. Here are the most affordable Downtown El Paso apartments for rent in El Paso, TX:

Apartment ListingModel NameBed/BathPriced From
Prospect Street Apartments1-1 Basement1BR,1BA$550
Loma ApartmentsStudioStudio,1BA$620
Ramey ApartmentsStudioStudio,1BA$725
Oregon PearlStudioStudio,1BA$825
Savoy LoftsA1Studio,1BA$900

Best Value Apartments for Rent in Downtown El Paso, TX

As of May 11, 2025 the best value apartment in the Downtown El Paso area is the $1.25 price per square foot A1 Model at The Townhomes at 1400 N. Kansas at River in the in the Segundo Barrio neighborhood starting from $1,695. The second greatest value Downtown El Paso apartment is the 3 bd 2 Bath Model at Tremont Place Apartments starting at $1,200 with a $1.00 price per square foot in the San Antonio neighborhood. Here is today’s list of the best values for Downtown El Paso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Townhomes at 1400 N. Kansas at RiverA12BR,1.5BA$1.25
Tremont Place Apartments3 bd 2 Bath3BR,2BA$1.00
62 Squared Apartments2 Beds, 2.5 Baths2BR,2.5BA$1.33
Prospect Street Apartments1-1 Basement1BR,1BA$0.78
Magoffin Park VillasPlan A11BR,1BA$1.44
THE 501- Downtown living2 Bedroom2BR,1BA$1.57
Savoy LoftsA1Studio ,1BA$1.53
Ramey ApartmentsStudioStudio ,1BA$1.45
Oregon PearlStudioStudio ,1BA$1.65
Loma ApartmentsStudioStudio ,1BA$1.55

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown El Paso

What type of rentals are currently available in Downtown El Paso?

There are currently 432 Apartments for Rent in Downtown El Paso, TX with pricing that ranges from $420 to $2,750. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown El Paso ranging from $550 to $6,000.

What is the current price range for Rental Homes in Downtown El Paso?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown El Paso ranges from $550 to $6,000 with an average monthly rent of $1,786.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.