Affordable Housing In Bernalillo County
New Mexico

88 Low Income Apartment Communities In Bernalillo County

Rio Volcan II

1919 Ladera Dr NW
Albuquerque, NM
HCV Welcome

Buena Vista Active Adult Community

1355 Meadowlark Ln SE
Rio Rancho, NM
HCV Welcome

Desert Willow Apartments

8901 Jefferson St NE
Albuquerque, NM
HCV Welcome

Renaissance Apartments

4920 Union Way NE
Albuquerque, NM
HCV Welcome

Westview Townhomes

Vista Manzano Ave SW
Albuquerque, NM
HCV Welcome

Aspen Ridge Apartments

820 Louisiana Blvd SE
Albuquerque, NM
HCV Welcome

River Glen Apartments

6801 Glenrio Rd NW
Albuquerque, NM
HCV Welcome

Villa De San Felipe

501 Coal Ave SW
Albuquerque, NM
HCV Welcome

Housing Authorities that serve Bernalillo County

Housing Authority Programs
Bernalillo County Housing Department Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Bernalillo County

Housing Authority Programs
Albuquerque Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Bernalillo County, New Mexico

There are 88 low income housing apartment communities offering 95,750 affordable apartments for rent in Bernalillo County, New Mexico. Bernalillo County features 2,987 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 92,763 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bernalillo County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Bernalillo County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 88
Total Low Income Apartments 95,750
Total Housing Units with Rental Assistance 2,987
Percentage of Housing Units Occupied By Renters 37.77%
Average Renter Household Size 2.37
Average Household Size 2.52
Median Household Income $47,725 ±$789
Median Rent $799 ±$10
Percentage Of Renters Overburdened 49.69% ± 1.35pp
Total Population 673,943

Population and Household Demographics

Bernalillo County is a County in New Mexico with a population of 673,943. There are 263,270 households in the county with an average household size of 2.52 persons. 37.77% of households in Bernalillo County are renters.

Income and Rent Overburden in Bernalillo County

The median gross income for households in Bernalillo County is $47,725 a year, or $3,977 a month. The median rent for the county is $799 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bernalillo County, a household making less than $2,663 a month would be considered overburdened when renting an apartment at or above the median rent. 49.69% of households who rent are overburdened in Bernalillo County.1

Area Median Income In Bernalillo County

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.

In Bernalillo County, HUD calculates the Area Median Income for a family of four as $65,700

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 Bernalillo County

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 Bernalillo County HUD Rental Assistance in Bernalillo County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,800 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,400
50% of Median $23,000 $26,300 $29,600 $32,850 $35,500 $38,150 $40,750 $43,400
80% of Median $36,800 $42,050 $47,300 $52,550 $56,800 $61,000 $65,200 $69,400
Low Income Housing Tax Credits in Bernalillo County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2007, 34 low income apartment communities containing 5,264 rental apartments have been constructed and made affordable to low income persons in Bernalillo County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Bernalillo County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,000 $26,300 $29,600 $32,850 $35,500 $38,150 $40,750 $43,400
60% of Median $27,600 $31,560 $35,520 $39,420 $42,600 $45,780 $48,900 $52,080

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Bernalillo County is $35,520 a year, or $2,960 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,960 by 30% to get a maximum rent of $888 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $575 $616 $740 $854 $954 $1,052
60% $690 $740 $888 $1,025 $1,145 $1,262
Fair Market Rents in Bernalillo County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$571 $713 $877 $1,265 $1,506

Cities In Bernalillo County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Albuquerque 82 The HUD funded Public Housing Agencies that serve Albuquerque are the Albuquerque Housing Authority and Bernalillo County Housing Department.
Rio Rancho 3 The HUD funded Public Housing Agency that serves Rio Rancho is the Bernalillo County Housing Department.
Los Ranchos 2 The HUD funded Public Housing Agency that serves Los Ranchos is the Bernalillo County Housing Department.
Carnuel 0 The HUD funded Public Housing Agency that serves Carnuel is the Bernalillo County Housing Department.
Cedar Crest 0 The HUD funded Public Housing Agency that serves Cedar Crest is the Bernalillo County Housing Department.
Cedro 0 The HUD funded Public Housing Agency that serves Cedro is the Bernalillo County Housing Department.
Chilili 0 The HUD funded Public Housing Agency that serves Chilili is the Bernalillo County Housing Department.
Edgewood 0 The HUD funded Public Housing Agency that serves Edgewood is the Bernalillo County Housing Department.
Edith Endave 0 The HUD funded Public Housing Agency that serves Edith Endave is the Bernalillo County Housing Department.
Isleta Village Proper 0 The HUD funded Public Housing Agency that serves Isleta Village Proper is the Bernalillo County Housing Department.
Los Ranchos de Albuquerque 0 The HUD funded Public Housing Agency that serves Los Ranchos de Albuquerque is the Bernalillo County Housing Department.
Manzano Springs 0 The HUD funded Public Housing Agency that serves Manzano Springs is the Bernalillo County Housing Department.
North Valley 1 The HUD funded Public Housing Agency that serves North Valley is the Bernalillo County Housing Department.
Pajarito Mesa 0 The HUD funded Public Housing Agency that serves Pajarito Mesa is the Bernalillo County Housing Department.
Paradise Hills 0 The HUD funded Public Housing Agency that serves Paradise Hills is the Bernalillo County Housing Department.
Ponderosa Pine 0 The HUD funded Public Housing Agency that serves Ponderosa Pine is the Bernalillo County Housing Department.
San Antonito 0 The HUD funded Public Housing Agency that serves San Antonito is the Bernalillo County Housing Department.
Sandia Heights 0 The HUD funded Public Housing Agency that serves Sandia Heights is the Bernalillo County Housing Department.
Sandia Knolls 0 The HUD funded Public Housing Agency that serves Sandia Knolls is the Bernalillo County Housing Department.
Sandia Park 0 The HUD funded Public Housing Agency that serves Sandia Park is the Bernalillo County Housing Department.
Sedillo 0 The HUD funded Public Housing Agency that serves Sedillo is the Bernalillo County Housing Department.
South Valley 0 The HUD funded Public Housing Agency that serves South Valley is the Bernalillo County Housing Department.
Tijeras 0 The HUD funded Public Housing Agency that serves Tijeras is the Bernalillo County Housing Department.