
Cheap Apartments for Rent in the 87121 ZIP Code of Albuquerque, NM from $300 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the 87121 ZIP Code area of Albuquerque.


New Life Homes 4

Marbella-Income Restricted Waitlist

Adobe Manor Apartments

Route 66 Headquarters
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.

Tierra Pointe

Volcanes Commons

Valle de Atrisco

Ceja Vista Senior 55+

Nuevo Atrisco
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.

Crescent Ridge

Generations at West Mesa

225 63rd St NW

Canon de Arrowhead

West Central Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

El Campo Apartments

Welcome Home To Rio Volcan!
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in 87121?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 87121 1 Bedroom Apartments | $1,341 | $439 | $4,640 |
| 87121 2 Bedroom Apartments | $1,921 | $895 | $5,539 |
| 87121 3 Bedroom Apartments | $2,769 | $1,150 | $6,716 |
| 87121 4 Bedroom Apartments | $1,980 | $1,300 | $2,600 |
Browse Apartments in the 87121 Zip Code of Albuquerque
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Frequently Asked Questions about Cheap the 87121 ZIP Code Apartments
How much is rent for a Cheap One Bedroom 87121 Apartment?
The lowest price for a Cheap One Bedroom 87121 Apartment is $695 at Pinewood Apartments.
What is the lowest price for a Cheap Two Bedroom 87121 Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in 87121 is starting from $588 at Bentley Commons.
What is the most affordable 87121 Three Bedroom Apartment?
The best deal on a cheap 87121 Three Bedroom Apartment rental is at 11 West | Student Housing and starts from $649.
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

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.

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.

Albuquerque Uncovered: Your Local Experts 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.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.