Cheap Apartments for Rent in 87116
7 rentals
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
Save Search in 87116
87116Get emails when new homes match this search
Apartments For Rent Near 87116
We found 30 more apartments matching your filters just outside 87116
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigate$600 - $650/mo
Studio
1 BathArizona Street SE-1100-1108 | 1100-1108 Arizona St SE #1108-23,
Albuquerque, NM 87108
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY$645 - $1,075/moStudio-2 Beds1 BathThe Loop @950 | 950 Louisiana Blvd SE #930-143,
Albuquerque, NM 87108
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$671 - $1,064/mo1-3 Beds1-2 BathsTesota Four Hills | 301 Western Skies Dr SE #511,
Albuquerque, NM 87123
Use arrow keys to navigatePET FRIENDLY
Use arrow keys to navigatePET FRIENDLY
NEW - 9 HRS AGOSPECIAL OFFERPET FRIENDLYTotal price$699 - $1,200/moStudio-2 Beds1 BathCinnamon Tree Apartments | 7220 Central Ave SE #1017,
Albuquerque, NM 87108
NEW - 6 HRS AGOPET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
PET FRIENDLY
PET FRIENDLY
APPLY INSTANTLY
PET FRIENDLY
NEW - 1 DAY AGOPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
NEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$775 - $1,075/moStudio-2 Beds1 BathMadeira Flats- Utilities Included! | 1130 Madeira Dr SE #MS-104,
Albuquerque, NM 87108
Average Rent Trends in 87116
Rent in 87116 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 May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,750 |
| Jul 2025 | $1,750 |
| Aug 2025 | $1,750 |
| Sep 2025 | $1,750 |
| Oct 2025 | $1,750 |
| Nov 2025 | $1,750 |
| Dec 2025 | $1,750 |
| Jan 2026 | $1,750 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,611 |
| May 2026 | $1,750 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | — | $1,544 | $1,750 | $1,733 |
| Townhomes | — | — | — | $1,600 | $1,600 |
| Houses | — | — | $1,550 | $1,750 | $1,750 |
Frequently Asked Questions about Rentals in 87116
- What is the average rent of a house in 87116?The average rent of a house in 87116 is $1,750 per month. This is about 9% lower than the national average.
- What is the average rent of a townhome in 87116?The average rent of a townhome in 87116 is $1,600 per month. This is about 17% lower than the national average.
- When is the average rent cheapest in 87116?In the last year, the average rent in 87116 was lowest in Jan 2025 when it was $1,700 per month.
- When is the average rent most expensive in 87116?In the last year, the average rent in 87116 was highest in May 2025 when it was $1,750 per month.
- How many available rental listings are in 87116?There are 9 available rental listings in 87116.
- What are some cities near 87116?Some nearby cities include: Albuquerque, Carnuel, Los Ranchos de Albuquerque, Bosque Farms, Cedar Crest, Isleta. These cities may have more rental options to explore.