Apartments in 87123

1 - 30 of 36 Results
16
$950 - 1,120
300 Dorado Place SE Albuquerque, NM
2 - 3 BR | Available Now
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Pool
$700 - 900
10330 Hotel Ave NE Albuquerque, NM
Studio - 1 BR | Available Now
4
$408 - 482
10600 Central Ave SE Albuquerque, NM
1 - 2 BR | Available Now
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Senior Community
Air Conditioning
In Unit Laundry
1
$2,200
1544 Volponi Dr SE Albuquerque, NM
4 BR | Available Now
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15
$950
12736 Singing Arrow Ave SE Albuquerque, NM
2 BR | Jan. 2, 2026
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Surface Parking
Storage
Dishwasher
14
$850 - 950
Albuquerque, NM
2 - 3 BR | Available Now
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Covered Parking
Surface Parking
Dishwasher
9
$1,100
Albuquerque, NM
1 BR | Available Now
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Storage
Disability Access
Pool
13
$799 - 899
810 Eubank Blvd NE Albuquerque, NM
Studio - 1 BR | Available Now
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Cat Friendly
Balcony/Deck/Patio
1
$800
Albuquerque, NM
1 BR | Available Now
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Storage
Disability Access
1
$1,650
Albuquerque, NM
3 BR | Available Now
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1
$1,900
12740 Tomlinson Dr Albuquerque, NM
4 BR | Available Now
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Storage
1
$775
Albuquerque, NM
Studio | Available Now
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Disability Access
1
$975
536 Chelwood Park Blvd Albuquerque, NM
2 BR | Available Now
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Storage
12
$2,300
Albuquerque, NM
3 BR | Jan. 1, 2026
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House
Air Conditioning
Storage
Dishwasher
1
$2,400
11605 Signing Arrow Rd SE Albuquerque, NM
3 BR | Available Now
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Fireplace
14
$2,500
Albuquerque, NM
4 BR | Available Now
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Dog Friendly
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Air Conditioning
Storage
Dishwasher
1
$850
Albuquerque, NM
1 BR | Available Now
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Cat Friendly
Disability Access
Dishwasher
1
$1,600
Albuquerque, NM
3 BR | Available Now
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Balcony/Deck/Patio
Dishwasher
1
$1,750
Albuquerque, NM
3 BR | Available Now
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1
$3,500
720 Stagecoach Rd SE Albuquerque, NM
5 BR | Available Now
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$850 - 999
Albuquerque, NM
2 - 3 BR | Available Now
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Surface Parking
1
$1,600
11629 La Cueva Ln Albuquerque, NM
3 BR | Available Now
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1
$2,250
Albuquerque, NM
3 BR | Available Now
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1
$1,850
10928 Jicama Way SE Albuquerque, NM
3 BR | Available Now
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Dishwasher
1
$2,600
Albuquerque, NM
4 BR | Available Now
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Balcony/Deck/Patio
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1
$1,000
8 Whittier Pl SE Albuquerque, NM
Studio | Available Now
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1
$1,675
436 General Patch Albuquerque, NM
2 BR | Available Now
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1
$1,995
11715 Pocono Rd SE Albuquerque, NM
3 BR | Available Now
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Dishwasher
1
$1,850
511 Pinon Creek Rd SE Albuquerque, NM
2 BR | Jan. 12, 2026
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1
$1,900
501 Lassen Ct SE Albuquerque, NM
3 BR | Available Now
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1 - 30 of 36 Results
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  3. 87123

How much does it cost to rent an apartment in 87123?

87123 apartments
Bed Type Average Rent Range
Studio $800 $700 - $960
1BR $830 $550 - $1,100
2BR $850 $680 - $1,850
3BR $1,600 $870 - $2,360
4+BR $2,350 $1,900 - $2,600
Find an Apartment in 87123
Looking for apartments for rent in 87123 Albuquerque, NM? Rentable has a variety of options available in this area. Currently, there are 69 units available for rent in the 87123 zip code. The average rent in this area is $880, making it a competitive market for potential renters.

If you're looking for a specific type of floor plan, the minimum rent for that floor plan type is $548. Whether you're looking for a studio, one-bedroom, or multi-bedroom unit, there are options available to suit your needs.

When it comes to nearby points of interest, the 87123 zip code offers a range of amenities. From local parks and recreational areas to community facilities, there are plenty of opportunities to enjoy the outdoors and engage with the community.

If you're searching for apartments near 87123, Rentable is here to help. Explore our listings in the 87123 Albuquerque area and find your perfect rental today.

Albuquerque:
December Rent Report

Welcome to the December 2025 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Albuquerque rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Albuquerque and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Albuquerque average rent prices in the chart below.

Monthly Rent Report

$1,350
$1,010
$680
$340
$0
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
1 BR       2 BR

Albuquerque Rent Prices Decrease From November to December

Albuquerque rent prices decreased over the last month. From November to December, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Albuquerque one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from November to December, Albuquerque experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Albuquerque two-bedroom apartments currently stands at $.

December Prices: Albuquerque vs. Surrounding Areas

Rent Prices in Albuquerque and Surrounding Areas

Rent prices have decreased in Albuquerque over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Albuquerque suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Albuquerque suburbs

  • Rents did not decrease in any of the Albuquerque suburbs.

December 2025 Pricing Trends: Albuquerque vs. National Comparisons

Albuquerque Rent Prices More Affordable Than Major Cities

Rent growth in Albuquerque over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Albuquerque average rent prices appear to be relatively affordable for local residents.

The price for a Albuquerque one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Albuquerque and surrounding area rent prices, take a look at the complete data set below.

Data set for Albuquerque and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.