Cheap Apartments for Rent in 87048

5 rentals

Apartments For Rent Near 87048

We found 30 more apartments matching your filters just outside 87048

Average Rent Trends in 87048

Rent in 87048 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Jun 2025$1,950
Jul 2025$1,950
Aug 2025$2,290
Sep 2025$1,900
Oct 2025$2,700
Nov 2025$2,000
Dec 2025$2,100
Jan 2026$2,100
Feb 2026$1,733
Mar 2026$1,850
Apr 2026$1,900
May 2026$3,000
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,700—$3,333—$3,000
Townhomes$1,700———$1,700
Apartments and Condos$1,200———$1,200
Houses——$3,067—$3,156

Frequently Asked Questions about Rentals in 87048

  • What is the average rent of an apartment in 87048?
    The average rent of an apartment in 87048 is $1,507 per month. This is about 22% lower than the national average.
  • What is the average rent of a house in 87048?
    The average rent of a house in 87048 is $3,156 per month. This is about 64% higher than the national average.
  • What is the average rent of a townhome in 87048?
    The average rent of a townhome in 87048 is $1,700 per month. This is about 12% lower than the national average.
  • When is the average rent cheapest in 87048?
    In the last year, the average rent in 87048 was lowest in Sep 2025 when it was $1,900 per month.
  • When is the average rent most expensive in 87048?
    In the last year, the average rent in 87048 was highest in Oct 2025 when it was $2,700 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 87048?
    The average rent of a 1 bedroom apartment in 87048 is $1,700 per month. That is about $170 more than the cost of a studio apartment.
  • How many available rental listings are in 87048?
    There are 5 available rental listings in 87048.
  • What are some cities near 87048?
    Some nearby cities include: Corrales, Los Ranchos de Albuquerque, Bernalillo, Rio Rancho, Albuquerque, Placitas. These cities may have more rental options to explore.