. Low Income Apartments For Rent in Aztec, New Mexico - Affordable Housing Online

Apply to Aztec Apartment Waiting Lists

Embarcadero Apartments

601 Navajo Ave
Aztec, New Mexico
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Cielo Azul Apartments

621 S Park Ave
Aztec, New Mexico
Subsidized
Rent Assisted
Senior
Supportive
S. 515 Rural
RDRA

Aztec Properties

401 S Park Ave
Aztec, New Mexico
Rent Assisted
Senior
Supportive
LIHTC
S. 515 Rural
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There are 40 low-income apartments in Aztec that offer reduced rents to eligible households.

Rental assistance programs support 78 low-income homes in Aztec where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $401 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Aztec, 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.

Housing Authority Programs
Housing Authority of the County of San Juan Section 8 Housing Choice Voucher (HCV)
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)
Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Aztec.

Aztec, New Mexico Affordable Housing Data

Income Based Apartments in Aztec, New Mexico

Aztec features 78 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 Aztec, New Mexico

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Aztec.

Housing Choice Vouchers in Aztec, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Aztec, New Mexico for a two-bedroom apartment is between $818 and $1,000.

2023 Aztec, 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
Aztec, New Mexico Fair Market Rent $756 $769 $909 $1,277 $1,391
Aztec, New Mexico Payment Standard Range $680 to $832 $692 to $846 $818 to $1,000 $1,149 to $1,405 $1,252 to $1,530

Sourced from federal housing data and AffordableHousingOnline.com research.

Aztec, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 118
Total Housing Units with Rental Assistance 78
Percentage of Housing Units Occupied By Renters 37.24%
Average Renter Household Size 2.48
Average Household Size 2.49
Median Household Income $41,414 ±$8,731
Median Rent $755 ±$130
Percentage Of Renters Overburdened 32.29% ± 9.69pp
Total Population 6,501

Population and Household Demographics

Aztec is a city in San Juan County, New Mexico with a population of 6,501. There are 2,578 households in the city with an average household size of 2.49 persons. 37.24% of households in Aztec are renters.

Income and Rent Overburden in Aztec

The median gross income for households in Aztec is $41,414 a year, or $3,451 a month. The median rent for the city is $755 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Aztec, a household making less than $2,517 a month would be considered overburdened when renting an apartment at or above the median rent. 32.29% of households who rent are overburdened in Aztec.

Area Median Income In Aztec

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 Aztec, the AMI is calculated from all households within San Juan County.

In Aztec, HUD calculates the Area Median Income for a family of four as $61,100

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 Aztec

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 Aztec

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 Aztec AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $35,140 $38,950 $41,650 $44,300
50% AMI Income Limits
Renters earning up to 50% of the Aztec AMI may qualify for rental assistance programs that target Very Low Income households.
$23,500 $26,850 $30,200 $33,550 $36,250 $38,950 $41,650 $44,300
80% AMI Income Limits
Renters earning up to 80% of the Aztec AMI may qualify for rental assistance programs that target Low Income households.
$37,600 $43,000 $48,350 $53,700 $58,000 $62,300 $66,600 $70,900