Apartments in 87123
40 rentals
Use arrow keys to navigateNEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLYTotal price$1,018 - $1,373/mo
1-2 Beds
1-2 BathsArrowhead Pointe | 12021 Skyline Rd NE #923,
Albuquerque, NM 87123
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$699 - $900/moStudio-1 Bed1 BathThe Village at Sandia | 12901 Central Ave NE #791fc9c3b,
Albuquerque, NM 87123
Use arrow keys to navigateNEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$999 - $1,524/moStudio-2 Beds1-2 BathsLos Altos Towers | 9125 Copper Ave NE #309,
Albuquerque, NM 87123
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SPECIAL OFFERPET FRIENDLYTotal price$1,081 - $1,653/mo1-2 Beds1-2 BathsThe June | 13150 Wenonah Ave SE #416,
Albuquerque, NM 87123
SPECIAL OFFERPET FRIENDLYTotal price$1,032 - $1,527/mo1-3 Beds1-2 BathsTesota Midtown | 200 Figueroa St NE #95-II,
Albuquerque, NM 87123
SPECIAL OFFERPET FRIENDLYTotal price$1,305 - $1,715/mo1-2 Beds1-2 BathsLumen | 701 Stephen Moody St SE #1235,
Albuquerque, NM 87123
NEW - 20 HRS AGOSPECIAL OFFERPET FRIENDLYTotal price$768 - $1,511/mo1-3 Beds1-2 BathsTesota Four Hills | 301 Western Skies Dr SE #233,
Albuquerque, NM 87123
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Apartments For Rent Near 87123
We found 30 more apartments matching your filters just outside 87123
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,125 - $1,435/mo1-2 Beds1 BathWoodberry Heights | 6300 Montgomery Blvd NE #108,
Albuquerque, NM 87110
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,704 - $1,939/mo1-2 Beds1-2 BathsEncanto at Mesa Del Sol | 2500 Bobby Foster Rd SE #F203,
Albuquerque, NM 87106
Use arrow keys to navigateNEW - 1 DAY AGOSPECIAL OFFERTotal price$1,714 - $2,606/moStudio-2 Beds1-2 BathsMarkana Uptown | 6500 Americas Pkwy NE #4040,
Albuquerque, NM 87110
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,765 - $1,899/mo2 Beds1-3 BathsMesa Del Oso | 5100 Mesa Del Oso Rd NE #2B-2Ba-1143Sqft,
Albuquerque, NM 87111
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SPECIAL OFFERPET FRIENDLY$1,395 - $1,795/mo1-2 Beds1-2 BathsPoblana Place | 2818 4th St NW #2B-2Ba-952Sqft,
Albuquerque, NM 87107
PET FRIENDLYINCOME RESTRICTED$1,219 - $1,423/mo1-2 Beds1-2 BathsLifestyles at Renaissance | 4920 Union Way NE #1-204,
Albuquerque, NM 87107
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PET FRIENDLY$1,125 - $1,499/mo1-2 Beds1-2 BathsVilla Serena | 12700 Indian School Rd NE #501,
Albuquerque, NM 87112
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SPECIAL OFFERPET FRIENDLY$930 - $1,220/moStudio-2 Beds1-2 BathsVilla Apartments | 1111 Cardenas Dr SE #102,
Albuquerque, NM 87108
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$975 - $1,450/mo1-2 Beds1-2 BathsPeaks at Sandia View | 1501 Indian School Rd NE #H108,
Albuquerque, NM 87102
SPECIAL OFFERPET FRIENDLY$1,125 - $1,585/moStudio-2 Beds1-2 BathsPeaks at Los Ranchos | 6134 4th St NW #98,
Albuquerque, NM 87107
PET FRIENDLY$1,189 - $1,921/mo1-3 Beds1-2 BathsIndigo Park | 7600 Montgomery Blvd NE #2106,
Albuquerque, NM 87109
SPECIAL OFFERPET FRIENDLY$1,030 - $1,699/mo1-3 Beds1-2 BathsNorte Villas Apartments | 6001 Topke Pl NE #234,
Albuquerque, NM 87109
SPECIAL OFFERPET FRIENDLY$789 - $1,090/moStudio-2 Beds1 BathEncanto Lofts Apartments | 4501 Shepard Rd NE #253C,
Albuquerque, NM 87110
PET FRIENDLY$1,897 - $2,355/mo1-2 Beds1-2 BathsOlympus Highlands North | 200 Mulberry St NE #3009,
Albuquerque, NM 87106
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NEW - 1 DAY AGOPET FRIENDLY$950 - $1,450/moStudio-2 Beds1-2 BathsArlo Apartments | 8911 Northeastern Blvd NE #K102,
Albuquerque, NM 87112
SPECIAL OFFERPET FRIENDLY$880 - $1,050/moStudio1 BathBrandywood Park Apartments | 5851 Anderson Ave SE #38,
Albuquerque, NM 87108
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,413 - $1,817/mo1-2 Beds1-2 BathsAllegro at Tanoan | 6601 Tennyson St NE #05202,
Albuquerque, NM 87111
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SPECIAL OFFERPET FRIENDLYTotal price$835 - $1,200/moStudio-2 Beds1 BathCinnamon Tree Apartments | 7220 Central Ave SE #2155,
Albuquerque, NM 87108
Average Rent Trends in 87123
Rent in 87123 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Jan 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,031 |
| Aug 2025 | $1,028 |
| Sep 2025 | $1,020 |
| Oct 2025 | $1,024 |
| Nov 2025 | $988 |
| Dec 2025 | $927 |
| Jan 2026 | $975 |
| Feb 2026 | $992 |
| Mar 2026 | $1,093 |
| Apr 2026 | $998 |
| May 2026 | $975 |
| Jun 2026 | $1,036 |
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 | $900 | $1,133 | $1,975 | $2,700 | $1,317 |
| Townhomes | — | $1,200 | $1,950 | $2,700 | $1,950 |
| Apartments and Condos | $800 | $1,000 | $1,600 | — | $1,100 |
| Houses | $811 | $1,975 | $2,150 | $1,700 | $2,195 |
Frequently Asked Questions about Apartments and Condos for rent in 87123
- What is the average rent of an apartment in 87123?The average rent of an apartment in 87123 is $999 per month. This is about 49% lower than the national average.
- When is the average rent cheapest in 87123?In the last year, the average rent in 87123 was lowest in Dec 2025 when it was $927 per month.
- When is the average rent most expensive in 87123?In the last year, the average rent in 87123 was highest in Jan 2025 when it was $1,097 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 87123?The average rent of a 1 bedroom apartment in 87123 is $867 per month. That is about $108 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in 87123?There are 42 available apartments or condos to rent in 87123.
- What are some cities near 87123?Some nearby cities include: Carnuel, Cedar Crest, Tijeras, Albuquerque, Bosque Farms, Los Ranchos de Albuquerque. These cities may have more rental options to explore.