. Low Income Apartments For Rent in Grants, New Mexico - Affordable Housing Online

Apply to Grants Apartment Waiting Lists

Casa Del Malpais

820 Lobo Canyon Rd
Grants, New Mexico
S. 202
Call For Rent
1 BR

Vista Mesa Villa Apartments

1121 Mount Taylor Ave
Grants, New Mexico
Call For Rent
1-2 BR

Sunray Lobo Canyon Apartments

1017 Lobo Canyon Rd
Grants, New Mexico
Rent Assisted
S. 515 Rural
1-2 BR

Grants Apartments

1703 Cordova Ct
Grants, New Mexico

Mosaic Housing Corp XIII

811 Seville Loop
Grants, New Mexico
S. 811 Supportive

800 Washington Ave

800 Washington Ave
Grants, New Mexico
Public Housing
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There are 0 low-income apartments in Grants that offer reduced rents to eligible households.

Rental assistance programs support 333 low-income homes in Grants where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $258 towards rent each month.

Affordable rent data for some communities last confirmed on June 15th, 2022. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Grants, 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.

Housing Authority Programs
Housing Authority of the City of Grants Section 8 Housing Choice Voucher (HCV); Public Housing
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)
Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Grants.

Grants, New Mexico Affordable Housing Data

Income Based Apartments in Grants, New Mexico

Grants features 333 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 Grants, New Mexico

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

Housing Choice Vouchers in Grants, New Mexico

On average, Section 8 Housing Choice vouchers pay Grants landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Grants.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grants, New Mexico for a two-bedroom apartment is between $735 and $899.

2023 Grants, New Mexico Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Grants, New Mexico Fair Market Rent $643 $644 $817 $994 $1,098
Grants, New Mexico Payment Standard Range $579 to $707 $580 to $708 $735 to $899 $895 to $1,093 $988 to $1,208

Sourced from federal housing data and AffordableHousingOnline.com research.

Grants, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 333
Total Housing Units with Rental Assistance 333
Percentage of Housing Units Occupied By Renters 38.08%
Average Renter Household Size 3.16
Average Household Size 2.74
Median Household Income $39,014 ±$6,626
Median Rent $613 ±$76
Percentage Of Renters Overburdened 42.06% ± 8.9pp
Total Population 9,243

Population and Household Demographics

Grants is a city in Cibola County, New Mexico with a population of 9,243. There are 3,091 households in the city with an average household size of 2.74 persons. 38.08% of households in Grants are renters.

Income and Rent Overburden in Grants

The median gross income for households in Grants is $39,014 a year, or $3,251 a month. The median rent for the city is $613 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grants, a household making less than $2,043 a month would be considered overburdened when renting an apartment at or above the median rent. 42.06% of households who rent are overburdened in Grants.

Area Median Income In Grants

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Grants, the AMI is calculated from all households within Cibola County.

In Grants, HUD calculates the Area Median Income for a family of four as $65,100

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 Grants

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 HUD Rental Assistance in Grants

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Grants AMI may qualify for rental assistance programs that target Extremely Low Income households.
$14,580 $19,720 $24,860 $30,000 $34,900 $37,500 $40,100 $42,650
50% AMI Income Limits
Renters earning up to 50% of the Grants AMI may qualify for rental assistance programs that target Very Low Income households.
$22,650 $25,850 $29,100 $32,300 $34,900 $37,500 $40,100 $42,650
80% AMI Income Limits
Renters earning up to 80% of the Grants AMI may qualify for rental assistance programs that target Low Income households.
$36,200 $41,350 $46,500 $51,650 $55,800 $59,950 $64,050 $68,200