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

Discover affordable housing in Artesia where there are 5+ 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.

Artesia Properties

1601 W Centre Ave, Artesia, New Mexico 88210

Eagle Creek Apartments

302 N 4th St, Artesia, New Mexico 88210

Roselawn Apartments

800 S Roselawn Ave, Artesia, New Mexico 88210

bed 1-3

Penasco Apartments

501 South 20th St, Artesia, New Mexico

618 N 7th St

618 N 7th St, Artesia, New Mexico 88210

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Artesia, New Mexico

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Artesia, New Mexico
$8.59 (+72%) more than New Mexico minimum wage and $13.34 (+184%) more than the Federal minimum wage.
Learn More About Artesia, New Mexico Affordable Housing ↓

What HUD offices serve Artesia, 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 Artesia, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Artesia, New Mexico.

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

How many renters live in Artesia, New Mexico?

The City of Artesia has people living in households.

There are renters living in renter households in this City. Renters make up 31.4 percent of the population living in Artesia.

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

There are an estimated housing units in the Artesia area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Artesia, New Mexico, there are 1.22 rental units.

What is the vacancy rate for rentals in Artesia?

The rental vacancy rate in Artesia is 16 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 Artesia for each bedroom size?

Occupied Rental Units by Size in Artesia
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
12 271 652 801 0
Occupied Rental Units by Size in Artesia

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

How Much Is Rent in Artesia

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $791 to $1,648. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $791
One BR $968
Two BR $1,087
Three BR $1,532
Four BR $1,648
2024 Fair Market Rents in Artesia, New Mexico

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

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 0 100 percent
One BR 88 32 percent
Two BR 495 76 percent
Rental Units Below FMR in Artesia, New Mexico

How many affordable rental units are in Artesia?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Artesia, New Mexico

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

Income Based Apartments in Artesia, New Mexico

Artesia features 284 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 Artesia, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Artesia.

Housing Choice Vouchers in Artesia, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Artesia, New Mexico for a two-bedroom apartment is between $978 and $1,196.

Sourced from federal housing data and AffordableHousingOnline.com research.