Cheap Apartments for Rent in 87508

21 rentals

Apartments For Rent Near 87508

We found 30 more apartments matching your filters just outside 87508

Average Rent Trends in 87508

Rent in 87508 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 Jul 2025.
MonthAverage rent
Jun 2025$2,850
Jul 2025$3,250
Aug 2025$3,175
Sep 2025$2,925
Oct 2025$2,940
Nov 2025$2,590
Dec 2025$2,500
Jan 2026$3,200
Feb 2026$2,800
Mar 2026$3,164
Apr 2026$2,800
May 2026$3,167
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$1,739$2,750$3,400$3,700$3,122
Townhomes——$2,345$3,533$2,345
Apartments and Condos$1,550—$1,825—$1,550
Houses$2,500$2,706$3,500$4,000$3,511

Frequently Asked Questions about Rentals in 87508

  • What is the average rent of an apartment in 87508?
    The average rent of an apartment in 87508 is $1,499 per month. This is about 22% lower than the national average.
  • What is the average rent of a house in 87508?
    The average rent of a house in 87508 is $3,511 per month. This is about 82% higher than the national average.
  • What is the average rent of a townhome in 87508?
    The average rent of a townhome in 87508 is $2,345 per month. This is about 22% higher than the national average.
  • When is the average rent cheapest in 87508?
    In the last year, the average rent in 87508 was lowest in Feb 2025 when it was $2,300 per month.
  • When is the average rent most expensive in 87508?
    In the last year, the average rent in 87508 was highest in Jul 2025 when it was $3,250 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 87508?
    The average rent of a 1 bedroom apartment in 87508 is $1,739 per month. That is about $246 less than the cost of a studio apartment.
  • How many available rental listings are in 87508?
    There are 28 available rental listings in 87508.
  • What are some cities near 87508?
    Some nearby cities include: Lamy, Rowe, Santa Fe, Cerrillos, Glorieta, San Jose. These cities may have more rental options to explore.