Zip Code

Average Rent in 87123

87123 is a zip code in Albuquerque, NM MSA. It ranks #20 out of 29 for places to rent. 87123 is in
the state of
New Mexico,
the county of
Bernalillo County,
the congressional district of
District 01 and 4 cities. Dwellsy has rental data there are no sections, 13 neighborhoods and no rental communities in 87123.
The average rent over the last 3 months for places in 87123 is $1,301 which represents a decrease of -16.1% over the same period.

Rental Price Comparison

The average rent for places in zip 87123 currently stands at $1,301.
In comparison, places in the average state, specifically New Mexico, is more expensive, with an average rent of $1,487. This represents a difference of +14% when compared to 87123.
Meanwhile, in the average msa of Albuquerque, NM MSA, the average rent for the same type of housing is $1,422, showing a more expensive of +9% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +43% when compared to the rent in 87123.
$1,301
87123
VS
$1,487
+14%
NM, state
$1,422
+9%
Albuquerque, NM MSA, msa
$1,859
+43%
USA, us

Average price for rental listings over the last 3 months. Last updated May 31 2026