Cheap Apartments In Grant County
New Mexico

Lintero Apartments

2711 N Leslie Rd
Silver City, NM
Subsidized

La Cienaga Apartments

1315 E 32nd St
Silver City, NM
Accessible
Disabled Supportive Housing
Subsidized

1268 Clay Ave

1268 Clay Ave
New York City, NY
HCV Welcome

Central Apartments

500 S Prescott
Santa Clara, NM
Subsidized

Bullard Hotel

105 S Bullard St
Silver City, NM
HCV Welcome

Casa Linda Nm Msmc

100 E 17th St
Silver City, NM
Subsidized

100 Runnels Dr

100 Runnels Dr
Bayard, NM

Hillside Apartments

2545 N Silver St
Silver City, NM

Central Apartments

500 Prescott St
Santa Clara, NM
HCV Welcome

Valley View Apartments

2080 Memory Ln
Silver City, NM
Subsidized

There are 13 low income housing apartment complexes which contain 548 affordable apartments for rent in Grant County, New Mexico. Many of these rental apartments are income based housing with about 273 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 50 Project-Based Section 8 subsidized apartments in Grant County. There are 337 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Grant County

The Western Regional Housing Authority is a Section 8 and Public Housing public housing agency in Silver City, New Mexico.

Other Housing Authorities located in Grant County

The Housing Authority of the Town of Bayard is a Public Housing public housing agency in Bayard, New Mexico.

The Santa Clara Housing Authority is a Public Housing public housing agency in Santa Clara, New Mexico.

Understanding Affordable Housing in Grant County, New Mexico

Grant County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 13
Total Low Income Apartments 548
Total Rent Assisted Apartments 273
Percentage of Housing Units Occupied By Renters 25.16%
Average Renter Household Size 2.57
Total Population 29,119
Housing Units 12,032
Average Household Size 2.37
Median Household Income $38,311 ±$2,093
Median Rent $635 ±$38
Percentage Of Renters Overburdened 42.58% ± 8.26pp

Population and Household Demographics

Grant County is a County in New Mexico with a population of 29,119. There are 12,032 households in the county with an average household size of 2.37 persons. 25.16% of households in Grant County are renters.

Income and Rent Overburden in Grant County

The median gross income for households in Grant County is $38,311 a year, or $3,193 a month. The median rent for the county is $635 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grant County, a household making less than $2,117 a month would be considered overburdened when renting an apartment at or above the median rent. 42.58% of households who rent are overburdened in Grant County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 8.26 percentage points.

Area Median Income In Grant 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 Grant County, HUD calculates the Area Median Income for a family of four as $51,000

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 Grant 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 Grant County HUD Rental Assistance in Grant County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,100 $29,000 $31,150 $33,300 $35,450
50% of Median $18,800 $21,500 $24,200 $26,850 $29,000 $31,150 $33,300 $35,450
80% of Median $30,100 $34,400 $38,700 $42,950 $46,400 $49,850 $53,300 $56,700

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Grant County

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

From 1995 to 2000, 4 low income apartment communities containing 149 rental apartments have been constructed and made affordable to low income persons in Grant County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Grant County by looking for the tag in the apartment list above. View Apartments.

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 Grant County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,800 $21,500 $24,200 $26,850 $29,000 $31,150 $33,300 $35,450
60% of Median $22,560 $25,800 $29,040 $32,220 $34,800 $37,380 $39,960 $42,540

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 Grant County is $29,040 a year, or $2,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,420 by 30% to get a maximum rent of $726 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% $470 $504 $605 $698 $779 $859
60% $564 $605 $726 $838 $935 $1,031
Fair Market Rents in Grant 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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$605 $630 $761 $998 $1,196

Cities In Grant County

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

City Listings Served By
Silver City 9 The HUD funded Public Housing Agency that serves Silver City is the Western Regional Housing Authority.
Arenas Valley 0 The HUD funded Public Housing Agency that serves Arenas Valley is the Western Regional Housing Authority.
Bayard 1 The HUD funded Public Housing Agency that serves Bayard is the Western Regional Housing Authority.
Buckhorn 0 The HUD funded Public Housing Agency that serves Buckhorn is the Western Regional Housing Authority.
Cliff 0 The HUD funded Public Housing Agency that serves Cliff is the Western Regional Housing Authority.
Cobre 0 The HUD funded Public Housing Agency that serves Cobre is the Western Regional Housing Authority.
Faywood 0 The HUD funded Public Housing Agency that serves Faywood is the Western Regional Housing Authority.
Gila 0 The HUD funded Public Housing Agency that serves Gila is the Western Regional Housing Authority.
Hachita 0 The HUD funded Public Housing Agency that serves Hachita is the Western Regional Housing Authority.
Hanover 0 The HUD funded Public Housing Agency that serves Hanover is the Western Regional Housing Authority.
Hurley 0 The HUD funded Public Housing Agency that serves Hurley is the Western Regional Housing Authority.
Lake Roberts 0 The HUD funded Public Housing Agency that serves Lake Roberts is the Western Regional Housing Authority.
Lake Roberts Heights 0 The HUD funded Public Housing Agency that serves Lake Roberts Heights is the Western Regional Housing Authority.
Mimbres 0 The HUD funded Public Housing Agency that serves Mimbres is the Western Regional Housing Authority.
North Hurley 0 The HUD funded Public Housing Agency that serves North Hurley is the Western Regional Housing Authority.
Pinos Altos 0 The HUD funded Public Housing Agency that serves Pinos Altos is the Western Regional Housing Authority.
Rosedale 0 The HUD funded Public Housing Agency that serves Rosedale is the Western Regional Housing Authority.
San Lorenzo 0 The HUD funded Public Housing Agency that serves San Lorenzo is the Western Regional Housing Authority.
Santa Clara 2 The HUD funded Public Housing Agency that serves Santa Clara is the Western Regional Housing Authority.
Trout Valley 0 The HUD funded Public Housing Agency that serves Trout Valley is the Western Regional Housing Authority.
Tyrone 0 The HUD funded Public Housing Agency that serves Tyrone is the Western Regional Housing Authority.
White Signal 0 The HUD funded Public Housing Agency that serves White Signal is the Western Regional Housing Authority.