Low Income Apartments and Affordable Housing For Rent in Clayton, NM

Discover affordable housing in Clayton where there are 2+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

200 Aspen St

200 Aspen St, Clayton, New Mexico 88415

Walnut Street Courtyard Homes

100 Walnut St, Clayton, New Mexico 88415

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Clayton, New Mexico
$16.61/hour
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Clayton, New Mexico Affordable Housing ↓

What HUD offices serve Clayton, New Mexico?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Clayton, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Clayton, New Mexico.

Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Clayton.

How many renters live in Clayton, New Mexico?

The City of Clayton has 2,825 people living in 930 households.

There are 792 renters living in 311 renter households in this City. Renters make up 28.04 percent of the population living in Clayton.

What is the rental market like in Clayton, New Mexico?

There are an estimated 1,246 housing units in the Clayton area. Of these, 359 units are rental homes, making up 29 percent of the housing market. For every renter household in Clayton, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Clayton?

The rental vacancy rate in Clayton is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Clayton for each bedroom size?

Occupied Rental Units by Size in Clayton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 78 120 82 21
Occupied Rental Units by Size in Clayton

A large number of apartments in Clayton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Clayton are overburdened by housing costs?

Among renter households in this market, 19 percent have housing cost burden. Further, 4 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Clayton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $627 to $1,488. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $627
One BR $732
Two BR $877
Three BR $1,114
Four BR $1,488
2024 Fair Market Rents in Clayton, New Mexico

How many units are rented at Fair Market Rent (FMR) in Clayton?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 10 100 percent
One BR 77 99 percent
Two BR 100 83 percent
Rental Units Below FMR in Clayton, New Mexico

How many affordable rental units are in Clayton?

There are a variety of federal affordable housing programs serving households in Clayton, New Mexico including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 25
Public Housing 50
Tracked Units by Federal Program in Clayton, New Mexico

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Clayton, New Mexico

Clayton features 50 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Clayton, New Mexico

There are 25 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Clayton.

Housing Choice Vouchers in Clayton, New Mexico

On average, Section 8 Housing Choice vouchers pay Clayton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Clayton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Clayton, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.