
Cheap Apartments for Rent in the 87123 ZIP Code of Albuquerque, NM from $300 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the 87123 ZIP Code area of Albuquerque.


113 General Arnold St NE

Tesota Four Hills

401 Dorado Pl SE, Unit A

Arrowhead Pointe

Whispering Sands

304 General Marshall St NE

The Ridge

Tesota Midtown
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.

136 General Arnold St NE

The June

12729 Dunes Rd SE

Los Altos Towers

12805 Dunes Rd SE, Unit 2

12805 Dunes Rd SE

332 General Marshall St NE

12704 Copper Ave NE
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

225 Hanosh Ct SE

12608 Copper Ave NE

Lumen
Check Out Albuquerque’s Best Affordable Neighborhoods
Learn about Albuquerque and the best places to live with original content written by our Local Expert Esther Lombardi

Lomas Gardens

Executive West - Senior Community

Arlo Apartments

11005 Towner Ave NE

Mission Hill Apartments

Sunrise Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Three Fountains

La Vida Buena Apartments

Northeastern

Panorama Heights

The Reserve

Villa Serena Apartments

Northpointe Village

MOUNTAIN VISTA

13200 Mountain Rd NE

11912 Indian School Rd NE
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Albuquerque, NM Local Guide

How much does it cost to rent an apartment in 87123?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
87123 Studio Apartments | $1,073 | $855 | $1,200 |
87123 1 Bedroom Apartments | $1,158 | $730 | $2,124 |
87123 2 Bedroom Apartments | $1,358 | $679 | $2,631 |
87123 3 Bedroom Apartments | $1,780 | $1,020 | $2,555 |
87123 4 Bedroom Apartments | $2,306 | $2,200 | $2,499 |
Browse Apartments in the 87123 Zip Code of Albuquerque
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Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.