With new luxury apartment prices skyrocketing in downtown Boston, a new 48-unit rental building in Allston is offering some relief.

The six-story brick complex at 40 Malvern St. is the first of three buildings in a 162-unit apartment project called Packard’s Crossing that is being developed by local apartment giant The Hamilton Co.

The three buildings are about a block from the intersection of Commonwealth and Brighton avenues that’s known as Packard’s Corner, which has a Green Line stop.

One-bedroom apartments at 40 Malvern start at $2,100 a month and two bedrooms at $2,500 a month The highest rent is $3,050 for an 840-square-foot sixth-floor two-bedroom, two-bath unit that offers views of the Charles River and downtown.

“We’re offering luxury finishes and easy access to downtown for those priced out of the luxury apartment market,” says Jameson Brown, vice president of acquisitions and development at The Hamilton Co. “The rents here are half to two-thirds of what they are charging in the new downtown buildings.”

All apartments come with outdoor porches, and rent includes heat and hot water from central building systems. On-site outdoor parking is $100 a month per space.

Adjacent to the building, Hamilton is building a park for both residents and the public.

The 40 Malvern St. building will have basement amenities including a resident lounge, a laundry room with washers and dryers, mail and bike rooms and an area with no-added-cost storage cages. Residents will also have access to the building’s rooftop that offers panoramic city views.

We took a look at staged model unit 201, an 820-square-foot two-bedroom corner apartment renting for $2,700. The unit features an open living/dining space with bamboo floors and five tall windows in a bumpout bay. Sliding glass doors lead out to a private porch with glass partitions.

The adjacent recessed-lit kitchen has a dozen Euro-style cabinets and white quartz countertops that resemble Carrara marble. Frigidaire stainless-steel appliances include a refrigerator, dishwasher and electric stove.

The master bedroom suite off the living area features a bamboo-floored bedroom with large windows, a walk-through closet outfitted with shelving and an en-suite ceramic tile bathroom with white tile walls for a tub/shower.

A second bamboo-floored bedroom sits in the front of the unit, along with a second full ceramic tile bathroom with a walk-in shower.

The building is already 50 percent leased ahead of its Nov. 1 opening, with all the one-bedrooms already taken. Hamilton is offering signees one-month free rent and free one-year memberships to a nearby fitness center it owns.

Brown said most of those signing up for 40 Malvern are young professionals in their mid- to late 20s. He adds: “They want something new and nice, without the outrageous rents.”