Cheap Apartments for Rent in 87116
8 rentals
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Apartments For Rent Near 87116
We found 30 more apartments matching your filters just outside 87116
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Use arrow keys to navigateNEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLYTotal price$724 - $1,145/mo
Studio-2 Beds
1 BathCinnamon Tree Apartments | 7220 Central Ave SE,
Albuquerque, NM 87108
SPECIAL OFFERPET FRIENDLY
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NEW - 2 DAYS AGO
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APPLY INSTANTLYPET FRIENDLY
SPECIAL OFFERPET FRIENDLYTotal price$804 - $1,333/mo1-3 Beds1-2 BathsTesota Four Hills | 301 Western Skies Dr SE,
Albuquerque, NM 87123
PET FRIENDLYINCOME RESTRICTED$815 - $1,167/moStudio-2 Beds1-2 BathsALL UTILITIES INCLUDED $815 | 1001 Madeira Dr SE,
Albuquerque, NM 87108
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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 Oct 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,750 |
| Dec 2025 | $1,750 |
| Jan 2026 | $1,750 |
| Feb 2026 | $1,650 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,610 |
| May 2026 | $1,750 |
| Jun 2026 | $1,700 |
| Jul 2026 | $1,700 |
| Aug 2026 | $1,750 |
| Sep 2026 | $2,138 |
| Oct 2026 | $2,211 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | — | $2,211 | $1,750 | $2,211 |
| Apartments and Condos | — | — | $1,600 | — | $1,600 |
| Houses | — | — | $2,211 | $1,750 | $2,211 |
Frequently Asked Questions about Rentals in 87116
- What is the average rent of an apartment in 87116?The average rent of an apartment in 87116 is $1,600 per month. This is about 18% lower than the national average.
- What are the cheapest months to find an apartment to rent in 87116?Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,700 per month.
- How many cheap apartments are available in 87116?There are 6 apartments to rent that are cheaper than the city’s average rent of $2,211.
- 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.
- 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 87116 - 220 Rentas | Trulia