Low Income Apartments and Affordable Housing For Rent in Lea County, NM

Discover affordable housing in Lea County where there are 18+ 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.

Buena Vista Senior Apartments

1501 Good Samaritan Dr, Lovington, New Mexico 88260

Southview Place Nm CO Msmc

1300 W Brian Urlacher, Lovington, New Mexico 88260

Washington Place Apartments

1405 E Marland St, Hobbs, New Mexico 88240

The Cedars Apartments

501 W Alto Dr, Hobbs, New Mexico 88240

Willow Bend Villas

1000 N. Marland Blvd., Hobbs, New Mexico 88240

Polk Avenue Apartments

214 W Polk Ave, Lovington, New Mexico 88260

Hobbs Apartments

2001 E Clinton St, Hobbs, New Mexico 88240

Playa Escondida

Yeso/Jefferson, Hobbs, New Mexico 88240

New Leaf Community

1621 E. Marland Street, Hobbs, New Mexico 88240

Parkside Terrace

300 East White Street, Hobbs, New Mexico 88240

Four Seasons Apartments

2405 N Jefferson St, Hobbs, New Mexico 88240

Skyview Terrace

3600 N Skyview St, Hobbs, New Mexico 88240

Casa Hermosa

920 E Michigan Dr, Hobbs, New Mexico 88240

Broadway Apartments

1200 E Broadway St, Hobbs, New Mexico 88240

200 W Avenue P

200 W Avenue P, Lovington, New Mexico 88260

Sunrise Homes

1515 E Scharbauer St, Hobbs, New Mexico 88240

Broadway Place

1122 E Broadway St, Hobbs, New Mexico 88240

1421 E Scharbauer

1421 E Scharbauer St, Hobbs, New Mexico 88240

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Lea County, New Mexico
$22.12/hour
$10.12 (+84%) more than New Mexico minimum wage and $14.87 (+205%) more than the Federal minimum wage.
Learn More About Lea County, New Mexico Affordable Housing ↓

What HUD offices serve Lea County, 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 programs for Lea County, New Mexico.

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

How many renters live in Lea County, New Mexico?

The County of Lea County has 72,452 people living in 25,580 households.

There are 18,529 renters living in 6,969 renter households in this County. Renters make up 25.57 percent of the population living in Lea County.

What is the rental market like in Lea County, New Mexico?

There are an estimated 27,854 housing units in the Lea County area. Of these, 8,468 units are rental homes, making up 30 percent of the housing market. For every renter household in Lea County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Lea County?

The rental vacancy rate in Lea County is 8 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 Lea County for each bedroom size?

Occupied Rental Units by Size in Lea County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
279 703 3,373 2,918 362
Occupied Rental Units by Size in Lea County

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

How many renter households in Lea County are overburdened by housing costs?

Among renter households in this market, 29 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Lea County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $801 to $1,642. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $801
One BR $889
Two BR $1,168
Three BR $1,487
Four BR $1,642
2024 Fair Market Rents in Lea County, New Mexico

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

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 186 67 percent
One BR 362 51 percent
Two BR 1,896 56 percent
Rental Units Below FMR in Lea County, New Mexico

How many affordable rental units are in Lea County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 339
Public Housing 70
Section 8 Project-Based Rental Assistance 446
Section 811 Supportive Housing for Persons with Disabilities 1
USDA Section 515 Rural Rental Housing 100
Tracked Units by Federal Program in Lea County, New Mexico

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

Income Based Apartments in Lea County, New Mexico

Lea County features 474 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 Lea County, New Mexico

There are 386 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lea County.

Housing Choice Vouchers in Lea County, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lea County, New Mexico for a two-bedroom apartment is between $1,051 and $1,285.

Sourced from federal housing data and AffordableHousingOnline.com research.