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

Discover affordable housing in Bernalillo where there are 2+ 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.

Villa Elena Apartments

201 Villa Elena Ln, Bernalillo, New Mexico 87004

800 Calle Los Mayores

800 Calle Los Mayores, Bernalillo, New Mexico 87004

How To Identify Affordable Housing in Bernalillo, 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 Bernalillo, New Mexico
$11.14 (+93%) more than New Mexico minimum wage and $15.89 (+219%) more than the Federal minimum wage.
Learn More About Bernalillo, New Mexico Affordable Housing ↓

What HUD offices serve Bernalillo, 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, Veteran Affairs Supportive Housing (VASH) programs for Bernalillo, New Mexico.

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

How many renters live in Bernalillo, New Mexico?

The City of Bernalillo has people living in households.

There are renters living in renter households in this City. Renters make up 23.53 percent of the population living in Bernalillo.

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

There are an estimated housing units in the Bernalillo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Bernalillo, New Mexico, there are 1.11 rental units.

What is the vacancy rate for rentals in Bernalillo?

The rental vacancy rate in Bernalillo is 10 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 Bernalillo for each bedroom size?

Occupied Rental Units by Size in Bernalillo
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
31 45 357 414 55
Occupied Rental Units by Size in Bernalillo

A large number of apartments in Bernalillo 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 Bernalillo

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $828 to $2,064. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $828
One BR $1,005
Two BR $1,222
Three BR $1,722
Four BR $2,064
2024 Fair Market Rents in Bernalillo, New Mexico

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

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 4 13 percent
One BR 31 69 percent
Two BR 216 61 percent
Rental Units Below FMR in Bernalillo, New Mexico

How many affordable rental units are in Bernalillo?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Section 8 Project-Based Rental Assistance
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Bernalillo, New Mexico

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

Income Based Apartments in Bernalillo, New Mexico

Bernalillo features 130 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 Bernalillo, New Mexico

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

Housing Choice Vouchers in Bernalillo, New Mexico

On average, Section 8 Housing Choice vouchers pay Bernalillo landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Bernalillo.

The maximum amount a voucher would pay on behalf of a low-income tenant in Bernalillo, New Mexico for a two-bedroom apartment is between $1,100 and $1,344.

Sourced from federal housing data and AffordableHousingOnline.com research.