
Cheap Apartments for Rent in the 87123 ZIP Code of Albuquerque, NM from $300 (75 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the 87123 ZIP Code area of Albuquerque.


La Vida Buena Apartments

Northpointe Village

12209 Menaul Blvd NE

Total Monthly Price
The Reserve

11912 Indian School Rd NE
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

Villa Serena Apartments

Northeastern

Virginia Rose Apartments

11101 Towner Ave NE

1725 Paisano St Ne

12353 Mountain Rd NE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

431 Virginia St NE

1301 Chelwood Park Blvd NE

509 Vermont St NE

Virginian Apartments

Grandview Apartments

Santa Clara Apartments
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.

308 Virginia St NE

8401 Marquette Ave NE

Monterey Manor Apartments

Mission Hill Apartments

River Rock Apartments

Panorama Heights
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.

Borderman's Reef
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 | $1,000 | $730 | $1,082 |
| 87123 1 Bedroom Apartments | $1,128 | $600 | $1,752 |
| 87123 2 Bedroom Apartments | $1,324 | $679 | $2,295 |
| 87123 3 Bedroom Apartments | $1,621 | $1,099 | $2,569 |
Browse Apartments in the 87123 Zip Code of Albuquerque
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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
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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.