Cheap Apartments for Rent in 87106
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Studio-1 Bed
1 BathRenovated, Open Studios Near Unm / Cnm - Available Now! | 2104 Lead Ave SE #3,
Albuquerque, NM 87106
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$750 - $850/moStudio1 Bath318 Princeton Drive Southeast | 318 Princeton Dr SE #11451903,
Albuquerque, NM 87106
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Average Rent Trends in 87106
Rent in 87106 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jun 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,300 |
| Aug 2025 | $1,300 |
| Sep 2025 | $1,255 |
| Oct 2025 | $1,200 |
| Nov 2025 | $1,295 |
| Dec 2025 | $1,243 |
| Jan 2026 | $1,283 |
| Feb 2026 | $1,300 |
| Mar 2026 | $1,300 |
| Apr 2026 | $1,344 |
| May 2026 | $1,250 |
| Jun 2026 | $1,200 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,010 | $1,450 | $2,300 | $2,150 | $1,200 |
| Townhomes | $1,000 | $1,395 | $2,100 | — | $1,200 |
| Apartments and Condos | $1,000 | $1,350 | $1,600 | $800 | $1,195 |
| Houses | $1,411 | $2,200 | $2,400 | $2,700 | $2,300 |
Frequently Asked Questions about Rentals in 87106
- What is the average rent of an apartment in 87106?The average rent of an apartment in 87106 is $1,060 per month. This is about 46% lower than the national average.
- What is the average rent of a house in 87106?The average rent of a house in 87106 is $2,300 per month. This is about 18% higher than the national average.
- What is the average rent of a townhome in 87106?The average rent of a townhome in 87106 is $1,200 per month. This is about 38% lower than the national average.
- When is the average rent cheapest in 87106?In the last year, the average rent in 87106 was lowest in Jan 2025 when it was $1,151 per month.
- When is the average rent most expensive in 87106?In the last year, the average rent in 87106 was highest in Jul 2025 when it was $1,300 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 87106?The average rent of a 1 bedroom apartment in 87106 is $1,010 per month. That is about $210 more than the cost of a studio apartment.
- How many available rental listings are in 87106?There are 173 available rental listings in 87106.
- What are some cities near 87106?Some nearby cities include: Albuquerque, Los Ranchos de Albuquerque, Carnuel, Bosque Farms, Isleta, Corrales. These cities may have more rental options to explore.