Low Income Apartments and Affordable Housing For Rent in Las Vegas, NM

Discover affordable housing in Las Vegas 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.

Casa Alegre Apartments Phase II

400 Mountain View Dr, Las Vegas, New Mexico 87701

Collins Drive Apartments

2505 Collins Dr, Las Vegas, New Mexico 87701

Villa Las Vegas

200 Mountain View Dr, Las Vegas, New Mexico 87701

Vista Gallinas Apartments

2525 Ridge Runner Rd, Las Vegas, New Mexico 87701

Kristin Park Apartments

2351 Moreland Street, Las Vegas, New Mexico 87701

Kristin Park Apartments

2351 Moreland St, Las Vegas, New Mexico 87701

San Miguel Senior Apartments

333 Chico Dr, Las Vegas, New Mexico 87701

San Miguel Senior Apartments

2710 Collins Dr, Las Vegas, New Mexico 87701

Gallinas Valley Apartments

2612 7th St, Las Vegas, New Mexico 87701

Monte Vista

500 Mountain View Dr, Las Vegas, New Mexico 87701

Vigil Hanna

2120 Hot Springs Blvd, Las Vegas, New Mexico 87701

calendar_today Opened: Aug 18
Open Until Further Notice

Reported On August 10th, 2023 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Las Vegas, 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 Las Vegas, New Mexico Affordable Housing ↓

What HUD offices serve Las Vegas, 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 Las Vegas, New Mexico.
Operates the Public Housing programs for Las Vegas, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH), Family Unification Program (FUP) programs for Las Vegas, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Las Vegas, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH) programs for Las Vegas, New Mexico.

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

How many renters live in Las Vegas, New Mexico?

The City of Las Vegas has 13,194 people living in 5,658 households.

There are 4,511 renters living in 2,349 renter households in this City. Renters make up 34.19 percent of the population living in Las Vegas.

What is the rental market like in Las Vegas, New Mexico?

There are an estimated 6,770 housing units in the Las Vegas area. Of these, 2,570 units are rental homes, making up 38 percent of the housing market. For every renter household in Las Vegas, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Las Vegas?

The rental vacancy rate in Las Vegas is 9 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 Las Vegas for each bedroom size?

Occupied Rental Units by Size in Las Vegas
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
325 636 928 276 167
Occupied Rental Units by Size in Las Vegas

A large number of apartments in Las Vegas 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 Las Vegas are overburdened by housing costs?

Among renter households in this market, 46 percent have housing cost burden. Further, 26 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 Las Vegas

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $703 to $1,384. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $703
One BR $781
Two BR $877
Three BR $1,186
Four BR $1,384
2024 Fair Market Rents in Las Vegas, New Mexico

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

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 249 77 percent
One BR 449 71 percent
Two BR 576 62 percent
Rental Units Below FMR in Las Vegas, New Mexico

How many affordable rental units are in Las Vegas?

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

Federal Program Unit Count
Low Income Housing Tax Credit 250
Public Housing 251
Section 8 Project-Based Rental Assistance 70
Section 811 Supportive Housing for Persons with Disabilities 14
USDA Section 515 Rural Rental Housing 163
Tracked Units by Federal Program in Las Vegas, New Mexico

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

Income Based Apartments in Las Vegas, New Mexico

Las Vegas features 494 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 Las Vegas, New Mexico

There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Las Vegas.

Housing Choice Vouchers in Las Vegas, New Mexico

On average, Section 8 Housing Choice vouchers pay Las Vegas landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Las Vegas.

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

Sourced from federal housing data and AffordableHousingOnline.com research.