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

Discover affordable housing in Grant County where there are 13+ 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.

Lintero Apartments

2711 N Leslie Rd, Silver City, New Mexico 88061

Casa Linda Nm Msmc

100 E 17th St, Silver City, New Mexico 88061

La Cienaga Apartments

1315 E 32nd St, Silver City, New Mexico 88061

Silver Cliffs Apartments

1414 Little Walnut Rd, Silver City, New Mexico 88061

Mountain View Senior Apartments

1600 E 16th St, Silver City, New Mexico 88061

Central Apartments

500 Prescott St, Santa Clara, New Mexico 88026

Valley View Apartments

2080 Memory Ln, Silver City, New Mexico 88061

1268 Clay Ave

1268 Clay Ave, New York City, New York 10456

Little Walnut Road at Us Route 180

Little Walnut Rd At Us Route 180, Silver City, New Mexico 88062

Manhattan Apartments

HIGHWAY 152, Silver City, New Mexico 88062

100 Runnels Dr

100 Runnels Dr, Bayard, New Mexico 88023

Hillside Apartments

2545 N Silver St, Silver City, New Mexico 88061

Bullard Hotel

105 S Bullard St, Silver City, New Mexico 88061

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Grant County, New Mexico
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Grant County, New Mexico Affordable Housing ↓

What HUD offices serve Grant 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 Grant County, New Mexico.

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

How many renters live in Grant County, New Mexico?

The County of Grant County has 28,006 people living in 11,292 households.

There are 6,901 renters living in 3,220 renter households in this County. Renters make up 24.64 percent of the population living in Grant County.

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

There are an estimated 14,625 housing units in the Grant County area. Of these, 3,456 units are rental homes, making up 24 percent of the housing market. For every renter household in Grant County, New Mexico, there are 1 rental units.

What is the vacancy rate for rentals in Grant County?

The rental vacancy rate in Grant County is 7 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 Grant County for each bedroom size?

Occupied Rental Units by Size in Grant County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
59 561 1,461 1,043 64
Occupied Rental Units by Size in Grant County

A large number of apartments in Grant 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 Grant County are overburdened by housing costs?

Among renter households in this market, 41 percent have housing cost burden. Further, 20 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 Grant County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $728 to $1,303. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $728
One BR $733
Two BR $877
Three BR $1,209
Four BR $1,303
2024 Fair Market Rents in Grant County, New Mexico

How many units are rented at Fair Market Rent (FMR) in Grant 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 51 86 percent
One BR 431 77 percent
Two BR 758 52 percent
Rental Units Below FMR in Grant County, New Mexico

How many affordable rental units are in Grant County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 266
Public Housing 156
Section 8 Project-Based Rental Assistance 50
Section 811 Supportive Housing for Persons with Disabilities 4
USDA Section 515 Rural Rental Housing 93
Tracked Units by Federal Program in Grant County, New Mexico

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

Income Based Apartments in Grant County, New Mexico

Grant County features 272 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 Grant County, New Mexico

There are 324 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grant County.

Housing Choice Vouchers in Grant County, New Mexico

On average, Section 8 Housing Choice vouchers pay Grant County landlords $600 per month towards rent. The average voucher holder contributes $200 towards rent in Grant County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grant County, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.