
Cheap Homes for Rent in the 87120 ZIP Code of Albuquerque, NM from $300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the 87120 ZIP Code area of Albuquerque.


117 40th St NW

522 14th St NW

810 13th St NW
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

816 13th St NW

702 Fruit Ave NW

706 Fruit Ave NW

3717 Alamogordo Dr NW
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.

819 8th St NW
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in Albuquerque?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 87120 2 Bedroom Homes for Rent | $1,686 | $569 | $3,995 |
| 87120 3 Bedroom Homes for Rent | $2,112 | $1,150 | $4,305 |
| 87120 4 Bedroom Homes for Rent | $2,166 | $1,300 | $2,600 |
Browse Homes for Rent in the 87120 Zip Code of Albuquerque
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Frequently Asked Questions about the 87120 ZIP Code
How much are larger Three and Four Bedroom Rentals in 87120?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 87120 range from $982 to $4,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,305. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,300.
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.
Articles, How-To's, and Tips

A Local Experts 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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.