
Apartments for Rent in the 87123 ZIP Code of Albuquerque, NM Under $1,000 (55 Rentals)


Juniper Flats

The Ridge

Total Monthly Price
Studios on Route 66

Rio Vista Senior Apartments

Total Monthly Price
Tesota Midtown

Manzano Vista

Cloudview Terrace

Total Monthly Price
Tesota Four Hills

121 General Arnold St NE, Unit A
Your Guide to the Best Neighborhoods to Rent Near Albuquerque’s Top Employers
Moving to Albuquerque? Find the best neighborhoods near Sandia Labs, Presbyterian Healthcare Services, and UNM. Cut your commute, boost your quality of life, and find your perfect apartment or rental home.

216 General Stilwell St NE

128 General Arnold St NE

216 General Marshall St NE

121 General Arnold St NE, Unit B

121 General Arnold St NE, Unit B copy

Coyote Point

Los Altos Towers

Luminaria Senior Community

Palazzo Apartments

134-136 Altez St NE
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

209 Hanosh Ct SE

760 Juan Tabo Blvd NE

Whispering Sands

Los Altos Lofts

308 Whispering Sands Ct SE

Tesota Four Hills South

Morris Townhome Apartments

628-636 Morris St NE

Glorieta

Sunrise Apartments
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.

Three Fountains

Arlo Apartments

Executive West - Senior Community

Executive East Apartments

The Twelve 601

940 Chelwood Park Blvd NE

12124 Indian School Rd NE

13205 Mountain Rd NE

431 Virginia St NE

Panorama Heights
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

River Rock Apartments

Mission Hill Apartments

Monterey Manor Apartments

Santa Clara Apartments

308 Virginia St NE

8401 Marquette Ave NE

Grandview Apartments

Virginian Apartments

1301 Chelwood Park Blvd NE

509 Vermont St 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.
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
Explore Albuquerque

Frequently Asked Questions about the 87123 ZIP Code
How much are Studio apartments in 87123?
There are currently 61 Studio Apartments in 87123 with rent ranges from $730 to $1,082 with an average price of $1,000.
What is the current price range for One Bedroom 87123 Apartments for rent?
Today's rental pricing for One Bedroom Apartments in 87123 ranges from $600 to $1,752 with an average monthly rent of $1,128.
What does renting a Two Bedroom Apartment in 87123 cost?
The monthly rent prices of Two Bedroom Apartments currently available in 87123 range from $679 to $2,295. Today's average rental price for Two Bedrooms here is $1,324.
How expensive are 87123 Three Bedroom Apartments?
There are currently 20 Three Bedroom Apartments listings available in 87123 on ApartmentHomeLiving.com. The pricing ranges from $1,099 to $2,569 - averaging $1,621 for the location.
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
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.

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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.