EXHIBIT 23.4


Portfolio II


                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in the
Registration Statement on Form S-4 and related Prospectus of Apartment
Investment and Management Company and AIMCO Properties, L.P. for the
registration of 7,777 shares of Apartment Investment and Management Company
Class A Common Stock and 7,777 units of AIMCO Properties, L.P. Partnership
Common Units and to the incorporation by reference therein of our report dated
February 15, 2002, with respect to the combined financial statements of VMS
National Properties Joint Venture included in its Annual Report on Form 10-K for
the year ended December 31, 2001, filed with the Securities and Exchange
Commission.



                                            /s/ ERNST & YOUNG LLP


Greenville, South Carolina
June 12, 2002