Apartments in 87124

15 rentals

Apartments For Rent Near 87124

We found 25 more apartments matching your filters just outside 87124

Average Rent Trends in 87124

Rent in 87124 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 Apr 2025.
MonthAverage rent
Jun 2025$1,469
Jul 2025$1,418
Aug 2025$1,415
Sep 2025$1,375
Oct 2025$1,440
Nov 2025$1,398
Dec 2025$1,399
Jan 2026$1,404
Feb 2026$1,447
Mar 2026$1,567
Apr 2026$1,451
May 2026$1,681
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$1,351$1,694$2,375$2,550$2,295
Townhomes—$1,849$2,233—$2,138
Apartments and Condos—$1,300——$1,300
Houses—$1,700$2,400$2,550$2,400

Frequently Asked Questions about Apartments and Condos for rent in 87124

  • What is the average rent of an apartment in 87124?
    The average rent of an apartment in 87124 is $1,361 per month. This is about 29% lower than the national average.
  • When is the average rent cheapest in 87124?
    In the last year, the average rent in 87124 was lowest in May 2025 when it was $1,319 per month.
  • When is the average rent most expensive in 87124?
    In the last year, the average rent in 87124 was highest in Apr 2025 when it was $1,559 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 87124?
    The average rent of a 1 bedroom apartment in 87124 is $1,417 per month. That is about $291 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 87124?
    There are 17 available apartments or condos to rent in 87124.
  • What are some cities near 87124?
    Some nearby cities include: Rio Rancho, Corrales, Los Ranchos de Albuquerque, Bernalillo, Albuquerque, Placitas. These cities may have more rental options to explore.