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Apartments in 87123

31 - 41 of 41 Results
4
$605 - 725
Whispering Sands
4.0
220 Western Skies Drive Se Albuquerque, NM
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
35
$2,195
11009 Marina Gate Trl NE
Albuquerque, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
6
$995
Copper
12624 Copper Ave Albuquerque, NM
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
$950
221 General Stilwell St NE
Albuquerque, NM
1 BR | Available Now
Contact
Dog Friendly
$1,650
13304 Marquette Ave NE
Albuquerque, NM
3 BR | Available Now
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Dog Friendly
House
$2,800
4 Bedroom Home In Juan Tabo Hills - Off Juan Tabo In Se Albuquerque Near Four Hills!
2035 Maywood Dr SE Albuquerque, NM
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
$1,900
Available Now!! 3 Bedroom/2 Bathroom In Se Abq!!
505 Adirondack Pl SE Albuquerque, NM
3 BR | Jun. 3, 2024
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$800
Western Skies 4Plex
312 Western Skies Dr SE Albuquerque, NM
2 BR | Available Now
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Storage
$1,895
Se Albuquerque Home ** 3 Bedroom 2 Bath
432 Adirondack Pl SE Albuquerque, NM
3 BR | Available Now
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House
$2,300
801 Rio Arriba SE
Albuquerque, NM
4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
$1,850
3 Bedroom 2 Bathroom
315 Escena Pl SE Albuquerque, NM
3 BR | Available Now
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House
31 - 41 of 41 Results
  1. Home
  2. Albuquerque
  3. 87123

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

87123 apartments
Bed Type Average Rent Range
Studio $680 $680 - $680
1BR $860 $390 - $1,170
2BR $850 $710 - $1,220
3BR $1,790 $870 - $1,980
4+BR $2,550 $2,300 - $2,800
Frequently Asked Questions

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

Rentable.co has 41 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 $980 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 $850 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 $862 per month.

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

The average rent for a studio apartment in 87123 is around $675 per month.

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 76 units available for rent in the 87123 zip code. The average rent in this area is $950, 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 $396. 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:
June Rent Report

Welcome to the June 2024 Albuquerque Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2024 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

$1,300
$980
$650
$330
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Albuquerque Rent Prices Increase From May to June

Albuquerque rent prices increased over the last month. From May to June, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Albuquerque one-bedroom apartments currently stands at $875.0.

When we take a look at the two-bedroom comparison from May to June, Albuquerque experienced a 0.89% increase for the price of a two-bedroom apartment. The rent price for a Albuquerque two-bedroom apartments currently stands at $1,135.0.

June Prices: Albuquerque vs. Surrounding Areas

Rio Rancho, NM
Albuquerque, NM
$1,738
$874
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Albuquerque and Surrounding Areas

Rent prices have increased 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 1 of the Albuquerque suburb 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:

  • Rent increased in Rio Rancho, NM .

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

  • 1 suburb is currently priced higher than the city of Albuquerque.

June 2024 Pricing Trends: Albuquerque vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Albuquerque, NM
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$874
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Albuquerque Rent Prices More Affordable Than Major Cities

Rent growth in Albuquerque over the past year has been on the rise. 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Albuquerque, NM $874.0 -1.13% $1,125.0 0.27%
Rio Rancho, NM $1,738.0 4.95% $1,900.0 -2.41%

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.

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