Cheap Apartments for Rent in the 87123 ZIP Code of Albuquerque, NM from $300 (66 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 87123 ZIP Code area of Albuquerque.

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Tesota Four Hills
Rent Specials
$853 - $2,279
Total Monthly Price

Total Monthly Price

Base Rent
$853 - $2,279
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Tesota Four Hills

301 Western Skies Dr SEAlbuquerque, NM 87123
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Tesota Midtown
Rent Specials
$857 - $1,642
Total Monthly Price

Total Monthly Price

Base Rent
$857 - $1,642
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Tesota Midtown

200 Figueroa St NEAlbuquerque, NM 87123
Affordability
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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.

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Studios on Route 66
Rent Specials
$900 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,100
Total Monthly Price
$900 - $1,100
Studio to 1 Bedroom Apartments Available Now

Studios on Route 66

13031 Central Ave NEAlbuquerque, NM 87123
Furnished
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  • Utilities Included
  • Low Income
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Arrowhead Pointe
$1,013 - $1,592
Total Monthly Price

Total Monthly Price

Base Rent
$1,013 - $1,592
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Arrowhead Pointe

12021 Skyline Rd NEAlbuquerque, NM 87123
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The June
Rent Specials
$1,073 - $1,652
Total Monthly Price

Total Monthly Price

Base Rent
$1,073 - $1,652
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The June

13150 Wenonah Ave SEAlbuquerque, NM 87123
Affordability
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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.

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Lumen
Rent Specials
$1,397 - $1,759
Total Monthly Price

Total Monthly Price

Base Rent
$1,397 - $1,759
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lumen

701 Stephen Moody St SEAlbuquerque, NM 87123
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Glorieta
2 Bedroom Apartments

Glorieta

115-131 Glorieta St NEAlbuquerque, NM 87123
  • Utilities Included
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628-636 Morris St NE
1 Bedroom Apartments

628-636 Morris St NE

628-636 Morris St NEAlbuquerque, NM 87123
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Los Altos Lofts
Studio to 1 Bedroom Apartments

Los Altos Lofts

10330 Hotel Ave NEAlbuquerque, NM 87123
  • Utilities Included
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760 Juan Tabo Blvd NE
Studio to 2 Bedroom Apartments

760 Juan Tabo Blvd NE

760 Juan Tabo Blvd NEAlbuquerque, NM 87123
  • Utilities Included
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209 Hanosh Ct SE
1 to 2 Bedroom Apartments

209 Hanosh Ct SE

209 Hanosh Ct SEAlbuquerque, NM 87123

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.

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Whispering Sands
1 to 2 Bedroom Apartments

Whispering Sands

12720 Central Ave SEAlbuquerque, NM 87123
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Los Altos Towers
Studio to 2 Bedroom Apartments

Los Altos Towers

9125 Copper Ave NEAlbuquerque, NM 87123
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Luminaria Senior Community
1 to 2 Bedroom Apartments

Luminaria Senior Community

10600 Central Ave NEAlbuquerque, NM 87123
Senior Living
  • Utilities Included
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Copperfield
1 to 3 Bedroom Apartments

Copperfield

14225 Copper Ave NEAlbuquerque, NM 87123
  • Utilities Included
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Coyote Point
2 Bedroom Apartments

Coyote Point

13500 Skyline Rd NEAlbuquerque, NM 87123
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Palazzo Apartments
1 to 3 Bedroom Apartments

Palazzo Apartments

14124 Copper Ave NEAlbuquerque, NM 87123

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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.

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Showing Results 1-50, Page 1 of 2

Frequently Asked Questions about Cheap the 87123 ZIP Code Apartments

What is the lowest price for a Cheap Two Bedroom 87123 Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 87123 is starting from $1,075 at Country Green Apartments.

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

decorative image for A Local Experts Guide To The Best Budget-Friendly Neighborhoods to Rent in Albuquerque article

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.

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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.

decorative image for Albuquerque Uncovered: Your Local Experts Guide to the High Desert City article

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.