Affordable Housing In Las Vegas
San Miguel County, New Mexico

11 Low Income Apartment Communities In Las Vegas

Kristin Park Apartments

2351 Moreland Street
Las Vegas, NM
Call For Rent
1 BR
HCV Welcome

Villa Las Vegas

200 Mountain View Dr
Las Vegas, NM
HCV Welcome

Vista Gallinas Apartments

2525 Ridge Runner Rd
Las Vegas, NM
Accessible
Disabled Supportive Housing
Subsidized

Collins Drive Apartments

2505 Collins Dr
Las Vegas, NM
Subsidized

Casa Alegre Apartments Phase II

400 Mountain View Dr
Las Vegas, NM
Subsidized

Monte Vista

500 Mountain View Dr
Las Vegas, NM
HCV Welcome

Kristin Park Apartments

2351 Moreland St
Las Vegas, NM

Gallinas Valley Apartments

2612 7th St
Las Vegas, NM
Subsidized

Vigil Hanna

2120 Hot Springs Blvd
Las Vegas, NM

San Miguel Senior Apartments

2710 Collins Dr
Las Vegas, NM
HCV Welcome

Housing Authorities that serve Las Vegas

Housing Authority Programs
Housing Authority of the City of Las Vegas Public Housing
Housing Authority of the County of San Miguel Public Housing
Housing Authority of San Miguel County Section 8 Housing Choice Voucher (HCV)
Bernalillo County Housing Department 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)

Guide To Affordable Housing in Las Vegas, New Mexico

According to federal housing data and AffordableHousingOnline.com research, there are 11 low income housing apartment communities offering 812 affordable apartments for rent in Las Vegas, New Mexico. Las Vegas features 440 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 372 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Las Vegas.

Las Vegas, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 812
Total Housing Units with Rental Assistance 440
Percentage of Housing Units Occupied By Renters 37.98%
Average Renter Household Size 2.17
Average Household Size 2.44
Median Household Income $23,904 ±$4,345
Median Rent $565 ±$35
Percentage Of Renters Overburdened 50.05% ± 8.94pp
Total Population 13,713

Population and Household Demographics

Las Vegas is a City in San Miguel County, New Mexico with a population of 13,713. There are 5,081 households in the city with an average household size of 2.44 persons. 37.98% of households in Las Vegas are renters.

Income and Rent Overburden in Las Vegas

The median gross income for households in Las Vegas is $23,904 a year, or $1,992 a month. The median rent for the city is $565 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Las Vegas, a household making less than $1,883 a month would be considered overburdened when renting an apartment at or above the median rent. 50.05% of households who rent are overburdened in Las Vegas.1

Area Median Income In Las Vegas

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 Las Vegas, the AMI is calculated from all households within San Miguel County.

In Las Vegas, HUD calculates the Area Median Income for a family of four as $45,500

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 Las Vegas

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 Las Vegas HUD Rental Assistance in Las Vegas

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,700 $30,800 $32,950 $35,050
50% of Median $18,600 $21,250 $23,900 $26,550 $28,700 $30,800 $32,950 $35,050
80% of Median $29,750 $34,000 $38,250 $42,500 $45,900 $49,300 $52,700 $56,100
Low Income Housing Tax Credits in Las Vegas

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

From 1993 to 2002, 4 low income apartment communities containing 290 rental apartments have been constructed and made affordable to low income persons in Las Vegas 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 Las Vegas

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,600 $21,250 $23,900 $26,550 $28,700 $30,800 $32,950 $35,050
60% of Median $22,320 $25,500 $28,680 $31,860 $34,440 $36,960 $39,540 $42,060

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 Las Vegas is $28,680 a year, or $2,390 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,390 by 30% to get a maximum rent of $717 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% $465 $498 $598 $691 $770 $850
60% $558 $598 $717 $829 $924 $1,020
Fair Market Rents in Las Vegas

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
$601 $636 $772 $1,001 $1,088