How many apartments are available in 87123 on Rentable.co?

Rentable.co has 33 apartments available for rent in 87123.

What is the average rent for an apartment in 87123?

The average rent for an apartment in 87123 is around $950 per month.

What is the average rent for a two-bedroom apartment in 87123?

The average rent for a two-bedroom apartment in 87123 is around $950 per month.

What is the average rent for a one-bedroom apartment in 87123?

The average rent for a one-bedroom apartment in 87123 is around $850 per month.

What is the average rent for a studio apartment in 87123?

The average rent for a studio apartment in 87123 is around $700 per month.

Apartments in 87123

Albuquerque:
March Rent Report

Welcome to the March 2026 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 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

Apr. 2025

May. 2025

Jun. 2025

Jul. 2025

Aug. 2025

Sep. 2025

Oct. 2025

Nov. 2025

Dec. 2025

Jan. 2026

Feb. 2026

Mar. 2026

1 BR 2 BR

Albuquerque Rent Prices Decrease From February to March

Albuquerque rent prices decreased over the last month. From February to March, 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 February to March, 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 $.

March 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.

March 2026 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 March	1 BR M/M % Change	2 BR March	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.