Low Income Apartments and Affordable Housing For Rent in Chaves County, NM

Discover affordable housing in Chaves County where there are 11+ 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.

Cielo De Oro Senior Housing Apartments

1700 W Hendricks St, Roswell, New Mexico 88203

Spicewood Canyon Villas

1301 E. Alameda St., Roswell, New Mexico 88203

Willow Terrace Apartments

306 E Country Club Rd, Roswell, New Mexico 88201

Sunset 1600 Apartments

1601 S Sunset Ave, Roswell, New Mexico 88203

Rio Vista Senior Housing Apartments

1600 W Hendricks St, Roswell, New Mexico 88203

Mesa Verde Apartments

502 S Wyoming Ave, Roswell, New Mexico 88203

Roswell Summit Apartments

1100 S Wyoming Ave, Roswell, New Mexico 88203

Wildewood Apartments

201 Sherrill Ln, Roswell, New Mexico 88201

Pecos Apartments

301 E Butler Stret, Dexter, New Mexico

502 S Wyoming

NW Corner of Wyoming And Bland, Roswell, New Mexico 88201

Region VI Ha

806 Redwood St, Roswell, New Mexico 88203

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Chaves County, New Mexico
$18.35/hour
$6.35 (+53%) more than New Mexico minimum wage and $11.10 (+153%) more than the Federal minimum wage.
Learn More About Chaves County, New Mexico Affordable Housing ↓

What HUD offices serve Chaves County, 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 Section 8 Housing Choice Voucher (HCV), Public Housing programs for Chaves County, New Mexico.

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

How many renters live in Chaves County, New Mexico?

The County of Chaves County has 64,701 people living in 23,280 households.

There are 19,003 renters living in 7,592 renter households in this County. Renters make up 29.37 percent of the population living in Chaves County.

What is the rental market like in Chaves County, New Mexico?

There are an estimated 26,727 housing units in the Chaves County area. Of these, 8,267 units are rental homes, making up 31 percent of the housing market. For every renter household in Chaves County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Chaves County?

The rental vacancy rate in Chaves County is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Chaves County for each bedroom size?

Occupied Rental Units by Size in Chaves County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
361 1,012 2,643 3,209 286
Occupied Rental Units by Size in Chaves County

A large number of apartments in Chaves County 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 Chaves County are overburdened by housing costs?

Among renter households in this market, 38 percent have housing cost burden. Further, 21 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 Chaves County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $692 to $1,358. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $692
One BR $737
Two BR $969
Three BR $1,239
Four BR $1,358
2024 Fair Market Rents in Chaves County, New Mexico

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

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 284 79 percent
One BR 788 78 percent
Two BR 1,875 71 percent
Rental Units Below FMR in Chaves County, New Mexico

How many affordable rental units are in Chaves County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 450
Public Housing 52
Section 8 Project-Based Rental Assistance 202
Section 202 Supportive Housing for the Elderly 30
Section 811 Supportive Housing for Persons with Disabilities 11
USDA Section 515 Rural Rental Housing 28
Tracked Units by Federal Program in Chaves County, New Mexico

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

Income Based Apartments in Chaves County, New Mexico

Chaves County features 333 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 Chaves County, New Mexico

There are 288 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chaves County.

Housing Choice Vouchers in Chaves County, New Mexico

On average, Section 8 Housing Choice vouchers pay Chaves County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Chaves County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Chaves County, New Mexico for a two-bedroom apartment is between $872 and $1,066.

Sourced from federal housing data and AffordableHousingOnline.com research.