
Cheap Apartments for Rent in the 87120 ZIP Code of Albuquerque, NM from $300 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the 87120 ZIP Code area of Albuquerque.


Villa Hermosa

Del Rio Apartments

Total Monthly Price
Aydan

Total Monthly Price
Stride West

Total Monthly Price
The Aubry

Total Monthly Price
Taylor Ranch

Tucson Apartments

5315 Yucca Cir NE

Canon de Arrowhead
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

Welcome Home To Rio Volcan!

401 14th St NW

Millennium Flats

Bluewater Village

Sage at 601

Silver Gardens Apartments

The Beach

Silver Moon Lodge

Total Monthly Price
Valley Apartments

233 63rd St NW
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Zocalo Lofts

1237 Menaul Blvd NW

Alvarado Apartments

The Artisan @ Sawmill Village

Total Monthly Price
Nine-O-Nine Apartments

Total Monthly Price
1207 Barelas St SW

300 San Pasquale Ave NW

Eagle Ranch Apartments

505 Central Lofts

Total Monthly Price
1204 Sawmill Rd NW
Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Find your perfect spot in ABQ. Get a local's breakdown of Albuquerque neighborhoods like Nob Hill and Downtown, plus tips on navigating the city’s unique charm and high-desert lifestyle.

Villas @ Rio

228 16th St NW

123 53rd St NW

1420 4th St NW

1207 Barelas Rd SW

Candelaria Gardens

Arcadia Courtyard

2404-2406 1/2 Dora Ave NW

816 Coal Ave SW

El Sol
The Student's Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Find your perfect place in ABQ! Explore the best neighborhoods near CNM and UNM that support a vibrant student life, from study spots to family-friendly resources.

1203 Barelas Rd SW

Sawmill Lofts

Villa Nueva Senior Apartments

Downtown @ 700

New Life Homes 4

Marbella-Income Restricted Waitlist

West Central Apartments

Adobe Manor Apartments

Route 66 Headquarters

Rainbow Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in 87120?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 87120 Studio Apartments | $983 | $750 | $1,800 |
| 87120 1 Bedroom Apartments | $1,442 | $675 | $2,610 |
| 87120 2 Bedroom Apartments | $1,718 | $569 | $3,523 |
| 87120 3 Bedroom Apartments | $2,150 | $600 | $3,930 |
| 87120 4 Bedroom Apartments | $1,747 | $1,300 | $2,195 |
Browse Apartments in the 87120 Zip Code of Albuquerque
Explore Albuquerque

Frequently Asked Questions about Cheap the 87120 ZIP Code Apartments
What is the Cheapest Studio apartment in 87120?
Currently the most affordable Cheap Studio Apartment in 87120 is at The House Apartments listed at $1,629.
How much is rent for a Cheap One Bedroom 87120 Apartment?
The lowest price for a Cheap One Bedroom 87120 Apartment is $2,029 at Red Table Apartments.
What is the lowest price for a Cheap Two Bedroom 87120 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 87120 is starting from $2,625 at Red Table Apartments.
What is the most affordable 87120 Three Bedroom Apartment?
The best deal on a cheap 87120 Three Bedroom Apartment rental is at River Run and starts from $3,392.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Your Guide to the Best Neighborhoods to Rent Near Albuquerques Top Employers
Written by: Esther Lombardi
I still recollect my first morning commute in Albuquerque.

Albuquerque Uncovered: Your Local Expert's Guide to the High Desert City
Written by: Esther Lombardi
Hello from Albuquerque, New Mexico! I’m Esther, your ApartmentHomeLiving.com Local Expert for Albuquerque, and I’m here to give you the inside scoop on this unique city.

The Students Guide to Albuquerque: Top Neighborhoods That Put CNM and UNM Life Within Reach
Written by: Esther Lombardi
There’s more to Albuquerque than just the breathtaking landscapes and tasty green chilies. As both a student and a parent, I see Albuquerque as a learning hub that nurtures curiosity and encourages growth and enrichment.

A Local Expert's Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque
Written by: Esther Lombardi
Albuquerque, New Mexico, offers culture, diversity, and beautiful landscapes. Each neighborhood blends historic charm with nature, education, and entertainment.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.