Cheap Apartments for Rent in 87123
85 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$655 - $1,071/mo
1-3 Beds
1-2 BathsTesota Four Hills | 301 Western Skies Dr SE #511,
Albuquerque, NM 87123
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$699 - $900/moStudio-1 Bed1 BathThe Village at Sandia | 12901 Central Ave NE #791fc9c3b,
Albuquerque, NM 87123
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$775 - $899/moStudio-1 Bed1 BathABQ Encore | 810 Eubank Blvd NE #164,
Albuquerque, NM 87123
Use arrow keys to navigate$775 - $800/mo1 Bed1 Bath143 General Arnold Street NE | 143 General Arnold St NE #A,
Albuquerque, NM 87123
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SPECIAL OFFERPET FRIENDLY$909 - $1,524/moStudio-2 Beds1-2 BathsLos Altos Towers | 9125 Copper Ave NE #407,
Albuquerque, NM 87123
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SPECIAL OFFERPET FRIENDLYTotal price$1,018 - $1,592/mo1-3 Beds1-2 BathsArrowhead Pointe | 12021 Skyline Rd NE #1002,
Albuquerque, NM 87123
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SPECIAL OFFERPET FRIENDLYTotal price$1,107 - $1,207/mo1-2 Beds1 BathTesota Midtown | 200 Figueroa St NE #17-II,
Albuquerque, NM 87123
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,317 |
| Jul 2025 | $1,445 |
| Aug 2025 | $1,375 |
| Sep 2025 | $1,869 |
| Oct 2025 | $1,438 |
| Nov 2025 | $1,600 |
| Dec 2025 | $1,400 |
| Jan 2026 | $1,600 |
| Feb 2026 | $1,633 |
| Mar 2026 | $1,700 |
| Apr 2026 | $1,495 |
| May 2026 | $1,200 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $899 | $1,119 | $2,000 | $2,600 | $1,438 |
| Townhomes | — | $1,700 | $2,000 | $2,700 | $2,100 |
| Apartments and Condos | $800 | $1,050 | $1,600 | — | $1,190 |
| Houses | $800 | $1,989 | $2,000 | $2,600 | $2,100 |
Frequently Asked Questions about Rentals in 87123
- What is the average rent of an apartment in 87123?The average rent of an apartment in 87123 is $1,023 per month. This is about 47% lower than the national average.
- What is the average rent of a house in 87123?The average rent of a house in 87123 is $2,100 per month. This is about 9% higher than the national average.
- What is the average rent of a townhome in 87123?The average rent of a townhome in 87123 is $2,100 per month. This is about 9% higher than the national average.
- When is the average rent cheapest in 87123?In the last year, the average rent in 87123 was lowest in May 2025 when it was $1,197 per month.
- When is the average rent most expensive in 87123?In the last year, the average rent in 87123 was highest in Sep 2025 when it was $1,869 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 $899 per month. That is about $112 more than the cost of a studio apartment.
- How many available rental listings are in 87123?There are 83 available rental listings 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.