Affordable Housing In Albuquerque
Bernalillo County, New Mexico

84 Low Income Apartment Communities In Albuquerque

Casa Feliz Apartments

443 Espanola Street Southeast
Albuquerque, New Mexico
Call For Rent
Studio-3 BR

Solar Villas

1135 Texas St NE
Albuquerque, New Mexico
Call For Rent
1 BR
Subsidized

Cuatro Apartments

1319 4Th St
Albuquerque, New Mexico
Call For Rent
Studio-2 BR

Madera Crossing

1751 Bellamah Ave
Albuquerque, New Mexico
$180
Studio BR

IMPERIAL APARTMENTS

205 SILVER AVE SW
Albuquerque, New Mexico
$545-995
Studio-2 BR
Accessible
Subsidized
Supportive Housing

Generations at West Mesa

5715 Avalon Road Northwest
Albuquerque, New Mexico

The Imperial Building

205 Silver Avenue Southwest
Albuquerque, New Mexico

Nuevo Atrisco

7909 Central Avenue Northwest
Albuquerque, New Mexico
Call For Rent
1-3 BR

Silver Gardens

100 Silver Avenue SW
Albuquerque, New Mexico

La Resolana Apartments

1025 Chelwood Park Blvd NE
Albuquerque, New Mexico
Subsidized

Housing Authorities that serve Albuquerque

Housing Authority Programs
Albuquerque Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)
Bernalillo County Housing Department Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)

Guide To Affordable Housing in Albuquerque, New Mexico

There are 84 low income housing apartment communities offering 95,124 affordable apartments for rent in Albuquerque, New Mexico.

Income Based Apartments in Albuquerque, New Mexico

Albuquerque features 2,987 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 Albuquerque, New Mexico

There are 92,078 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albuquerque.

Housing Choice Vouchers in Albuquerque, New Mexico

On average, Section 8 Housing Choice vouchers pay Albuquerque landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Albuquerque.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albuquerque, New Mexico for a two-bedroom apartment is between $846 and $1,034.

2021 Albuquerque, New Mexico Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Albuquerque, New Mexico Fair Market Rent $621 $770 $940 $1,345 $1,617
Albuquerque, New Mexico Payment Standard Range $559 to $683 $693 to $847 $846 to $1,034 $1,211 to $1,480 $1,455 to $1,779

Sourced from federal housing data and AffordableHousingOnline.com research.

Albuquerque, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 84
Total Low Income Apartments 95,124
Total Housing Units with Rental Assistance 2,987
Percentage of Housing Units Occupied By Renters 40.9%
Average Renter Household Size 2.32
Average Household Size 2.48
Median Household Income $47,030 ±$776
Median Rent $799 ±$10
Percentage Of Renters Overburdened 50.04% ± 1.43pp
Total Population 556,092

Population and Household Demographics

Albuquerque is a city in Bernalillo County, New Mexico with a population of 556,092. There are 222,098 households in the city with an average household size of 2.48 persons. 40.9% of households in Albuquerque are renters.

Income and Rent Overburden in Albuquerque

The median gross income for households in Albuquerque is $47,030 a year, or $3,919 a month. The median rent for the city is $799 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Albuquerque, a household making less than $2,663 a month would be considered overburdened when renting an apartment at or above the median rent. 50.04% of households who rent are overburdened in Albuquerque.

Area Median Income In Albuquerque

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Albuquerque, the AMI is calculated from all households within Bernalillo County.

In Albuquerque, HUD calculates the Area Median Income for a family of four as $67,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Albuquerque

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Albuquerque

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Albuquerque AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,200 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,550
50% AMI Income Limits
Renters earning up to 50% of the Albuquerque AMI may qualify for rental assistance programs that target Very Low Income households.
$23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
80% AMI Income Limits
Renters earning up to 80% of the Albuquerque AMI may qualify for rental assistance programs that target Low Income households.
$37,800 $43,200 $48,600 $54,000 $58,350 $62,650 $67,000 $71,300